By: Dan Balm

What To Expect From 2021

Tags: 2021

Buying? Get comfortable with virtual viewings before you go out. Selling? Choose a realtor who will enrich your ads with 360° tours, drone footage and full staging. Johnny Discount is not the way to go.

Get used to different valuation models. What sold in Whitby or downtown Toronto last year means little. Your realtor will be looking for other economic data, themes and buyer activity for true value.

When selling, dig deep and tell your realtor what you LOVE about your home. The measurements and type of heating won't hold a candle to a subjective description of the home's features.

Go longer. Stories about people vacating the city for the burbs sell papers, but they might not reflect a wider perspective of the market post-COVID. Downtown will always be downtown.

The condo market is showing signs of life, but still well off Q1 2020. What's up, investors and first time buyers.

Setting aside the obvious reasons, don't go to an open house during a pandemic. The listing agent obviously doesn't care about the rules, your health or ethics.

Working from home has revealed some emerging markets in Ontario, driving unprecedented prices. Be careful of bubbles.

Get comfortable with a mask. Your realtor will be of little use to you spending their time in another room hiding from your inconsiderate ass.

Interest rates are not going anywhere. This does NOT mean to punch above your weight, but if you are ready - make a purchase.

As long as people fight the idea that there is a problem, the problem will persist. I mean that with respect to COVID... also.