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May Preferred Client Update

Blog by Kim Twohey | May 4th, 2020


Ending Isolation Will Immediately Change the Real Estate Market

On Thursday, April 30th, the Alberta Government announced their plan to reopen the province after the COVID-19 closures. This decision will immediately impact the real estate market.

With sales being down over 60 per cent in April across most markets, people who were planning to buy or sell in the spring, did not. Despite higher unemployment rates, a large number of these people will jump back into the marketplace. Furthermore, interest rates have once again been dropped by some lenders and this will give many people more incentive to make a real estate purchase. Increases in activity, married with low interest rates, will create a window of opportunity for many consumers.

There is a lot of banter about how long the economic recovery will take and what effect that will have on home prices, interest rates, energy prices and employment rates. If you need to maximize your home’s equity, perhaps now is the time to sell. If the new rates allow you to buy the home you desire, perhaps now is the time to take action. Another consideration is the effect on you and your family’s emotional well-being and happiness by putting off a change in lifestyle to some unknown time in the future with hopes that you will “time things just right”.

It is our strong recommendation that if a real estate decision is on your mind, speak with your CIR REALTY REALTOR® to learn if the opportunities and market conditions that we are beginning to see as a result of Alberta reopening, are right for you.

Summer Is Cancelled...Or Is It?

It appears this summer will not be like all the others. With no large events happening and the potential that kids camps and many other activities are not being allowed to resume, it can make for a bleak outlook for the warmer months.

However, rather than focus on what you can’t do, let’s focus on what you can do.

Gatherings with Friends – Gatherings of up to 15 people will be permitted. That means that BBQ’s, indoor and outdoor games nights, hikes and more are on the menu.

Parks – Time to up your picnic and exploration game. Set a goal to visit a new outdoor location each week in the city and maybe even a few around the province. Perhaps a fitness goal could also be added to this one.

Fake Summer Camps – Why not get a few of your kids friends and parents together and take turns planning summer camp  activities for the kids? Collaborating to lighten the load will give you a much needed break.

Attractions – Many attractions across the province will open and are open. Explore the amazing places within Alberta to fill your calendar. Search “Alberta Attractions” on Trip Advisor for endless ideas.

Spiff Up Your Yard – Maximize your Vitamin D intake and tackle a few projects in the yard. Want a garden? Time for a firepit? Often simple DIY tasks around the yard are cheaper and easier than you may think.