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Open houses might be cancelled for locals looking to sell their homes, after B.C.’s real estate associations all recommended against the practice due to rising COVID-19 infection rates.
The Real Estate Council of B.C. (RECBC), the BC Real Estate Association (BCREA) and the Office of the Superintendent of Real Estate (OSRE) all strongly advised realtors in the province not to hold open houses for either sales or rentals as of Thursday, Nov. 5.
“RECBC, BCREA, and OSRE share the position that open houses should not be held at this time,” said Erin Seeley, CEO of RECBC. “Protecting the public during the pandemic remains our top concern. Real estate professionals in BC have been very successful in using virtual tools to limit in-person interactions with clients, and we encourage them to continue those innovative practices to keep themselves, their clients, and community members safe.”
The recommendation comes on the heels of Dr. Bonnie Henry’s directive last week to limit the number of people in any private residence to six or fewer.
In the Fraser Health Region, where the bulk of new COVID infections have been turning up over the past two weeks, local health officials advised people to not see anyone outside of their household without physical distancing.
“Even small gatherings are risky right now,” said Dr. Elizabeth Brodkin, speaking just before Halloween. “To keep our communities safe, we are urging the public to refrain from holding parties, celebrations or any gatherings.”
The recommendation to end open houses is temporary, and realtors are being advised to recommend virtual tools to their clients.
The Fraser Valley-area real estate market has been doing extremely well since early summer, after a dismal few months that began in March, when sales dropped dramatically. Driven by pent up demand and low interest rates, sales have hit records in most months into the fall.
The Real Estate Board of Greater Vancouver says October home sales were up 29 per cent compared to a year ago, making it the second-best October on record.
The board says its agents sold 3,687 homes last month, up from 2,858 sold in October 2019.
Home sales were also up 1.2 per cent from September amid a surge in sales of detached homes.
The benchmark price for Vancouver homes hit $1,045,100 in October, up six per cent from last October and 0.4 per cent from September.
The housing market has been catching up after COVID-19 lockdowns earlier this year stymied the spring selling season.
Board chair Colette Gerber says October's housing market snapshot shows that people are re-thinking their housing situation during the COVID-19 pandemic, with more days and evenings spent at home this year.
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