“Q West” Luxury Condo Rental in desirable Wellington West neighbourhood, Westboro Village just a short walk away. Two bedrooms, two bathrooms. Amenities include a work out facility, party room, outdoor kitchen, roof top terrace, movie theatre and more. Available July 1st, 2018. Call Martin Elder at 613-296-8065 for more information.
Directions: On Richmond Rd. approx. 100 meters West of Island Park Drive
The novel coronavirus may have started as a health scare in China,
but now that it has spread to more than 100 countries, its economic
impact is becoming increasingly difficult to ignore.
The contagion has sent global stock markets into panic mode, with a record plunge on Monday and soaring volatility ever since.
markets in Canada and Australia, however, appear undeterred by the
jitters. In fact, they have even taking encouragement from recent rate
cuts implemented to combat the crisis.
At the same time, home-refinance applications in the U.S. have surged by 79 per cent, as per the U.S. Mortgage Bankers Association’s refinance index.
But is real estate really immune from the impact of the coronavirus,
which was officially deemed a pandemic by the World Health Organization
Some real estate sectors are clearly more vulnerable
than others. The surge in cancellations for tourist travel is not only
affecting airlines but also hotels and others in the lodging industry.
next week is usually one of the busiest travel seasons of the year as
families travel during the March break. Already, cancellations are at an
all-time high, something that is putting stress on the hotel industry,
and one could see that part of the market come under pressure if
Some investors, meanwhile, expect REITs to do
well in times of uncertainty because, with long-term leases, landlords
are likely to enjoy more stable cash flows than manufacturers and others
who are more sensitive to short-term declines in the demand.
In addition to office and large retail real estate, where tenants usually have longer leases, investors are reportedly favouring purpose-built rental housing and self-storage real estate.
A call for social distancing means far fewer people will be opening up their homes to potential buyers.
wants its realtors in Ontario, the Atlantic provinces and Western
Canada to cancel open houses until COVID-19 is under control.
almost all real estate brokerage firms have embraced digital tech and
realtors are able to utilize signature platforms and other tools to
conduct business, once showings, open houses and other in-person
business is restricted, there will definitely be a drop off in
transactions,” John Lusink, president and broker of record at Right at
Home Realty, told Yahoo Finance Canada.
“We expect to see a drop in sales but this will take a month or two to filter through into the actual results.”
Buyers will also likely put their plans on hold.
there has been an immediate pause in market activity as everyone tries
to figure out what happens next,” Steve Saretsky, realtor and author of
real estate blog Vancity Condo, told Yahoo Finance Canada.
“We are seeing buyers move to the sidelines and sellers put some of their listing plans on hold.”
But that doesn’t mean the end result will be more affordable homes.
way I see it the housing market is basically frozen… no buyers and no
sellers,” Benjamin Tal, deputy chief economist at CIBC Capital Markets,
told Yahoo Finance Canada.
“That in a way will limit or even eliminate any notable downward risk to prices. Simply the number of sales will go down dramatically.”
Like many big cities, finding an affordable place to live in Ottawa
can be challenging, especially for new home buyers. Though one benefit
of living in the capital is having access to public transportation
within minutes, which in the long run, might help offset any moving
expenses. So if you’re a new buyer or just looking to relocate, cheap homes for sale near transit in Ottawa are perfect for those who are always on the go.
The Ottawa Real Estate Board reported back in February that the average cost to buy a home was 21% higher than the previous year.
There are so many beautiful places to explore and fun things to do
that it’s not hard to love where you live no matter your budget. Being
close to public transit is always a plus, especially if you don’t own a
car but still want to enjoy the perks of the city.
These spots are both affordable and travel-friendly, so you can save money and still explore the area without breaking the bank.
They are also OC Transpo accessible.
From charming bungalows to three-story units, there’s a place for everyone to call home.