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Home2020May

Month: May 2020

Chart shows how COVID-19 caused April 2020 home sales in Prince Edward County to fall by 54% compared to the average for the previous 5 years.
2020

April 2020: Covid-19 Wrecks Havoc With County Real Estate

May 22, 2020 2

Along with the rest of the country, the Covid-19 pandemic is wrecking havoc with the Prince Edward County real estate market. Home Sales Collapse Home sales in the County are highly seasonal. Starting from the […]

Chart of well test results for Prince Edward County shows that the most common result between 2000 and 2018 was between 3 and gallons per minute (GPM).
Rural Properties

Is 3 Gallons Per Minute Enough Water to Live On?

May 20, 2020 2

To sever a new lot, the municipality requires a well with a minimum flow of 3 gallons per minute – but is 3 gallons per minute enough water to live on? Almost all rural properties […]

Image shows a foreclosed home which the lender can sell for far below market value in the U.S., but not in Canada.
COVID-19

U.S.-Style Deals For Distressed Rentals Are Unlikely

May 6, 2020 0

Depending how the COVID-19 pandemic pans out, there are likely to be many short-term rental properties up for sale, but U.S.-style deals for distressed rentals are unlikely here in Canada. If a property owner is […]

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