Real Estate Property Markets Canada & It's Effect by Covid-19 SYED MAHMOOD NAQVI Vice President | MB Enterprises
of work from home, because of the
been undergoing some serious
THE IMPACTS ON REAL ESTATE OF WORK FROM HOME:
impacts because of the latest develop-
Working from home has outlaid
perform in the future.
ments from the COVID-19 scenario.
significant impacts on the real estate
These impacts are related to the
sector in Canada in just a matter of a
According to the experts, it's hard to
pricing strategies in real estate and
few months. This is largely because of
make predictions and evaluations like
changes in Govt.’s policies. However,
the reason that most people in
before. The question is “What can
some positives have been figured out
Canada are restricted to their homes
buyers and sellers expect from the
in the midst of the spread of the
& the property prices have raised
markets during these most unpredicta-
COVID-19 pandemic.
especially in the commercial sector.
ble times?”
There are millions of Canadians in the
The real estate industry in particular is
non-essential workforce that are
a prime example of the current
THE LONG TERM EFFECTS:
working from home. There are
circumstances and the need to take
How long will it take for the market to
restrictions and bans imposed by the
drastic measures to adapt to scenari-
bounce back? That's a question needs
Canadian Govt. to visit business and
os of ‘Business as Usual’. A term that
to be asked by investors in the Real
public places.
determines how businesses must take
Estate business. It can take a year,
place under normal circumstances.
two or even three years. That's not
There are also some key changes in
the question. however, What's
the way agents operate in conditions
concerning is how long these effects
The Real estate sector in Canada has
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MBE BUSINESS MAGAZINE NOVEMBER 2020
uncertainty of how the markets will
W W W. M B E F O RYOU. C O M
