2nd Lockdown, Covid-19 & Real Estate

By: Amanda King

2nd Lockdown, Covid-19 & Real Estate

Tags: real estate covid

"Premier Doug Ford announced that Ontario would be placed into a COVID-19 Province-wide Shutdown.

The Shutdown will start Boxing Day at 12:01 a.m. and be in place for all of Ontario from December 26th, 2020 to January 9th, 2021. The restrictions will remain in place for all 27 Southern Ontario public health regions from January 9th, 2021 to January 23rd, 2021.

The Shutdown has been put in place to help save lives and prevent our healthcare system from being overwhelmed.

This is a serious measure being taken to protect our fellow citizens and REALTORS® have to do our part to help stop the spread of the virus.

What Does It Mean for Real Estate?

Real estate continues to be listed as an “essential service” by the Province. That means that real estate businesses and board offices can continue to operate while the Province is in Shutdown and real estate transactions can continue to close.

But let’s be clear.

It is NOT business as usual. If we are going to avoid the worst-case scenario with the spread of the pandemic everyone has to do their part.

During this Shutdown, Members should only conduct essential business and avoid face-to-face interactions with customers and clients unless it is absolutely necessary.

Instead, Members should work remotely and use technology like virtual showings, electronic signatures and virtual meetings to the greatest extent possible.

While real estate is deemed essential, there are restrictions that all Members, brokerage offices and real estate boards have to follow, including: