Coronavirus uncertainty casts a pall on the March housing market

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COVID-19 fears have sellers, buyers and developers questioning their strategies

Brett Gundlock/The Globe and Mail

“It’s a moving target,” Mr. Rocca says of the measures he has taken over the past few days. “It’s changing hourly.” In that case, the family has moved out of the country for a work opportunity. They’ve now decided they want a base in Canada to return to if necessary. Mr. Kutyan says some sellers that have already struck conditional deals are worried that buyers will try to walk away. Some have made concessions on price or making a repair to the house.

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What bubble? Interest rates are going to be below 1%.

Well duh! The housing bubble is so far out of control anyway, it actually needs a correction. Those who've overstretched are going to be hit bad, but hey maybe my children will actually be able to afford to buy something in the next couple of years.

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