We’re always on the lookout for the best mortgage rates. Of course, everything has changed with COVID 19. That’s why we’ve decided to keep an eye on the real estate industry as we battle this deadly virus together. As our commitment as a socially responsible mortgage broker Toronto changes, OMJ Mortgage Capital will be there.
For example, the province recently deemed the real estate industry an essential service. However, it’s important to note it was also recommended real estate agents stop providing open houses. Agents are saying that when gatherings of five or more people became taboo, realtors needed to get creative.
Some of these realtors are responding to the call virtually. Instead of taking prospects right into a property, they film the house from inside and take real time questions.
Hit Harder Than Others
More research is telling us that some sectors of the real estate industry are being hit harder than others. Entertainment retail like bars, restaurants and hotels are at the top of the list. Housing follows close behind. Most experts are telling us that the real estate market will get worse before it gets better.
We are still committed to getting you the best mortgage rates. It’s important that we all look ahead together and stay innovative.
That goes for the way agents are asking people to act in open houses. Some want their clients to wear gloves and a mask. It’s important that visitors during an open house don’t sit on furniture or touch any surfaces like countertops.
On the bright side, reports from realtors across the country say they haven’t seen any panic selling. As your mortgage broker Toronto specialists, we’re committed to informing you about more than the best mortgage rates in these times.
