April 3, 2020

Thre3 Realtors Discuss Ottawa Real Estate

April 3 Real Estate Update with Dan, Jean Marc and Sue

Three Ottawa Realtors (r) discuss most recent news in Ottawa Real Estate and related subjects as of noon on April 3, 2020.

Dan Moloughney, Broker of Record
Ottawa Urban Realty Inc., Brokerage
OttawaUrbanRealty.com
613.233.2323

Sue Dunton, Broker
Royal LePage Performance Realty, Brokerage
613.238.2801 Dunton.ca

Jean Marc Bornais, Salesperson
Ottawa Urban Realty Inc., Brokerage
JM@OttawaUrbanRealty.com

Discussions include:
– current market,
– are homes selling now? Multiple offers?
– why would people be looking to buy or sell now?
– sales are down,
– showings are down,
– it’s about helping those that need the help, real estate or other,
– high degree of caution,
– Ontario State of Emergency,
– virtual showings/visits,
– what about home inspections?
– gloves, shoes, sanitizer and Lysol towelettes,
– do people buy without even seeing the home?
– stay home, stay safe, flatten the curve,
– what will happen in the market at the end of C-19?
– when will market pick up?
– 30% decline in Canadian home sales? What does RBC think?
– what’s happening with mortgage rates?
– will job market affect real estate?
– is Ottawa undervalued?
– long term pricing in Ottawa vs. other parts of Canada,
– how to show a property through video chat,
– Real Estate sales clauses for use in State of Emergency,
– mortgages are being deferred…lots of them so far!
– deferral vs. credit rating,
– what are some of the banks doing? The smaller banks too?
– How does mortgage deferral work?
– How long is a mortgage referral?
– time to refinance?