COVID clauses await wary buyers in Canada's home selling season [Reuters (UK)]
Royal Bank Of Canada (RY)
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Source: Reuters
COVID clauses await wary buyers in Canada's home selling season - Reuters 3 Min Read TORONTO (Reuters) - In Canada’s typically busy home-selling season, wary buyers are donning masks and gloves to view properties while realtors offer virtual tours and coronavirus clauses as the real estate industry copes up with the outbreak. Canadian home resales are forecast to fall by about 30% to a 20-year low this year, Royal Bank of Canada estimates. Home sales slumped 14.3% in March from February. Armed with new COVID clauses, some agents are still trying. The COVID clauses include confirming buyers’ health and recent-travel history and waivers that free the seller and agent from any liability in the event the client gets sick following a property viewing. Toronto-based agent Alexandra Côté provided virtual tours of about 25 properties, using Skype calls and video tours, for clients recently before they zeroed in on one. After her clients decided on a property, they and Côté, in masks and glove
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