We understand that are a lot of fears about what is happening in the world when it relates to this coronavirus and how to proceed. We don’t know how long this will last and how many people will be affected either physically, mentally or financially, however, we can speak about what we do know:

  • You, Will, Want To Get Your Basics In Order: Make sure to stock up on any essentials that you feel would be necessary if you are required to stay at home for a certain period of time.
  • You, Will, Want To Think About What Is Needed For Your Family: Plan for contingency plans for childcare, work and family health needs.
  • You, Will, Want To Plan For The Future: We will get past this and we need to plan ahead.
    • Look At Ways You Can Save (Reduce Spending): Take a look at your current budget and see what you can live without. Perhaps 3 television apps aren’t really essential right now for example? Every dollar you can save now, your future self will thank you for.
    • Take Precautions, But Move Forward: Your work, your life and your dreams are still very much important. Think creatively about how you can make a positive impact on these while ensuring you are mindful of your health. The first step is the basics: Wash your hands, wipe down surfaces and really don’t touch your face until you have washed your hands. Ultimately, it comes down to if you are feeling sick, rest and take care of yourself. The reality is that whether this virus was here or not, there are always vulnerable people, including the elderly and pregnant women that can not afford to be around people who might pass on a cold or virus. We can all do our part by being mindful of the social situations we choose to engage in.
    • Take Action For The Future: FYI, I am not talking about stocking up and selling essentials at unfair rates here, What I am talking about though is being aware of the opportunities that are out there and how taking action today will ultimately lead to impacting you and your family in a positive way for the future.

 What We See Happening In The Edmonton Real Estate Market Right Now?

 

1.  Now Is Still A Great Time To Buy: If you were thinking about buying a home this year or in the near future, now is still a great time to invest in the Edmonton Real Estate market. The combination of lower mortgage rates and the current pricing trends for Edmonton homes make it a very favourable time to buy. We would be happy to talk to you about your personal goals to provide recommendations on whether buying a home is right for you at this time. Browse all Edmonton homes for sale here.
2. It Is Still A Good Time To Sell: We are continuing to add new inventory to the yeg market. The sellers that choose to list will take advantage of potentially less competition on the market.  Depending on your life circumstances will determine if this is a right more or not and we would be happy to chat with you about your unique needs. Find Out What Your Edmonton Home Could Be Worth.
3. If Your Happy Where You Are – Refinancing Could Be The Right Move For You: The Bank of Canada has announced an emergency rate cut of 50 bps. If your mortgage is coming up for renewal soon, staying on top of rate changes and taking advantage of them will help you pay down your mortgage faster. This is good news for you and your family.  We know amazing representatives at all major banks and have fantastic relationships with independent mortgage brokers as well. Let us connect you with someone we trust to help you navigate these opportunities. Tell us about your financing needs.
We will continue to connect with you because you are important to us! We will get through this stronger and better. We would be honoured to help you take advantage of the opportunities presenting themselves in Edmonton real estate. Please connect and let us know how we can serve you!

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