COVID-19

BY Mark Savel | January 14, 2021

COVID-19 Lockdown and its Impact on Real Estate and Construction

As of January 14, 2021 at 12:01 a.m., a (second  COVID-19) stay at home order was put into effect for all of Ontario. According to the Government of Ontario website, that means, you should only go out for necessities, such as:

Businesses must ensure that all employees work from home if they can.

Can We Still Sell Real Estate?

Real estate continues to be an essential service however, open houses remain prohibited. We must also follow the following guidelines while working in the field:

How Is Real Estate Impacted by the Announcement?

The State of Emergency impacts real estate in two ways:

  1. Short-term rentals for recreational purposes are effectively closed as of January 12th, 2021. If a booking was made prior to January 12th it is permitted to go forward.

Non-essential construction

Non-essential construction must close to prevent the further spread of covid 19.

Essential Construction Remains Open

The following list from the Ontario Government website mentions the following as allowed to still operate:

Construction on any project intended to provide either,

If the project is being funded in whole or in part by, or is being undertaken by, any of the following:

  1. the Crown in right of Canada or in right of Ontario,
  2. an agency of the Crown in right of Canada or in right of Ontario,
  3. a municipality,
  4. a service manager as defined in the Housing Services Act, 2011, or
  5. a registered charity and not for profit within the meaning of the Income Tax Act (Canada).

Enhanced with:

Due to the quickly changing regulatory environment during the COVID-19 emergency, this information may not be current or accurate by the time it is read.

 

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