KITCHENER -- It doesn’t seem like the COVID-19 crisis is having a huge effect on Waterloo Region’s overheated housing market.
Over a 24 hour period there were 55 new listings.
Industry experts say that’s pretty typical for mid-March.
What’s a little more unusual is the way realtors are having to show those homes.
Many real estate agents are now limiting their showings to one client at a time.
Agents are also increasingly using online tours to allow buyers to virtually walk through the homes.
Troy Schmidt, a broker with RE/MAX Twin City, says the buyers have more purchasing power thanks to recently slashed interest rates.
“If you’re a buyer out there today take advantage of those low interest rates, those higher than normal house inventory levels and great deals we are seeing going on out there today.”
