How COVID-19 Is Affecting The Ottawa Real Estate Market?

The Ottawa real estate market has been in a frenzy this past year. But that craziness came to a screeching halt when the severity of the COVID-19 virus started to impact Ottawa residents. Now, the majority of people are staying home and practicing social distancing. But, what about those who are still looking to buy or sell? How does that work?

In an article written by the Ottawa Business Journal, Paul Rushforth was interviewed and asked about the current situation the real estate market is in and what they’re doing to keep buyers and sellers safe and healthy.

Although the Ottawa real estate market has seen a bit of a slowdown, Paul believes this won’t stop some buyers from purchasing their dream home. Around 360 homes were sold in the previous week, seeing a few bidding wars here and there.

But with real estate boards across Canada expressing their discouragement towards conducting open houses, buyers, sellers and realtors alike are forced to adapt to prevent the spread of this virus.

So, what is Paul Rushforth’s team doing to compensate?

Even though we’ve closed our offices, we’re conducting real estate business through electronic and remote interactions. “We’re just being very careful and doing a lot of things by Zoom, Facebook calls, Facebook Live, things like that,” Rushforth explains. “This could be the new norm of doing business.”

At the end of the day, your health and safety is what’s truly important to us. “Business is secondary,” Paul says. “We just don’t want this to spread. So if that means short-term pain for long-term gain, I’m all for it. We have to do what’s responsible.”

Our team will be doing all they can to practice social distancing and safe methods to achieve your selling or buying needs. We ask that all our buyers and sellers do the same. If you have any questions or concerns, please talk to your realtor or give us a call at 613-788-2122.