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Coronavirus Chronicles; rambling thoughts from a REALTOR®

Posted by Sherry Rioux on March 17, 2020
2 Comments

I don’t usually drink beer but this St. Paddy’s day, I’m thinking I might drink a keg myself. Not Corona and lime though. This surreal world we all share is making me a little nuts; okay, a lot nuts.  Things move and change so fast with no definitive answers about what next and how it will end.  I know you know what I mean.

There is lots of chatter in the real estate world and we’re hearing a wide range of opinions.

  • Some agents are saying they are busier than ever due to the extra low interest rates
  • Some agents are saying all of their appointments are canceling
  • Some are STILL doing open houses (are they cray cray?) and others wouldn’t dare.
  • Some prognosticators are saying we’re in for a deep and steep recession that will impact the market heavily
  • Others are saying there is pent up demand being pent up and that a boom will follow the resolution to this pandemic.

The only truth I know for sure is that we don’t know.  Here is what I do know.

  • I just looked at our MLS® system and there are several new listings and several new conditional and firm sales so, things are still moving.  Today.
  • I’ve been a REALTOR® for 31 years and have seen many cycles come and go.  While this is most assuredly an unusual one, so was 911.  So was SARS.  In every case, the market slowed down and then ROARED back.  Those who took advantage of the downturn profited quickly when things corrected.
  • I’ve also seen that when the stock market tanks, investors move their money into real estate.  Bricks and mortar are solid, can be leveraged and can be lived in.

People still need and want to move, buy and sell.  It’s what we people do.  We’re also nervous and want to protect both our health and assets.  So for today, my thought is that we may see buyers and sellers take a pause in the days ahead but in the end, it’s going to be okay.

While that happens, being kind to one another and to ourselves is the single most important thing we can do right now.  Today, I turned off the TV, put on some music, danced and learned my first salsa steps.  I Skyped with friends and even cooked.  (If you know me, you know that is frightening.)  Next up, finding that green beer and saying CHEERS to all the good people out there and to better times ahead.

2 thoughts on “Coronavirus Chronicles; rambling thoughts from a REALTOR®

  • Joan McCarthy
    on March 21, 2020

    Excellent post, Marg.
    I have just subscribed to your posts – looking forward to things becoming more encouraging in the next few weeks (months? – hope not that long)
    I emailed you back in the fall with an enquiry about the Airbnb situation in Collingwood; never thinking that would be the least of our concerns.
    We have decided that Collingwood is to be our destination – after we sell our house in Toronto. That is still to be sorted out with our local agent.
    Your insights into the Collingwood market are helpful and when the time comes we would appreciate your help with finding a house. There are a few, currently, that I see on the “point2” site that fit our needs and (at this time) budget – we just need to get this end of things sorted out.
    Looking forward to meeting with you sometime soon.
    Sincerely
    Joan and Tim McCarthy

  • Marg Scheben-Edey, Broker
    on March 21, 2020

    Thanks for your comment and kind words Joan. I suspect this will go on for many, many months but when it inevitably ends, people will appreciate quality of life so much more and I can’t imagine anywhere I’d rather be than in Collingwood so… I hope you can make your plan a reality at some point. Hang in there!

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