It’s Been Much Harder To Buy a Home During the Pandemic-and Sellers Are Cashing In

Who’s buying homes, who’s selling them, and what types of homes are inspiring bidding wars all look a little different this year as the country remains in the throes of the coronavirus pandemic.

Those who managed to nail a home purchase after the COVID-19 pandemic began spreading through the United States were more likely to pay dearly for larger, more expensive homes in the suburbs, according to the National Association of Realtors® 2020 Profile of Home Buyers and Sellers. The annual report breaks down the characteristics of buyers, sellers, and the homes they bought and sold. It was based on responses from more than 8,200 buyers and sellers who completed their transactions between July 2019 and June 2020.

“Buyers who are out there have a higher income and are financially secure and need to find a house that will work for their family,” says Jessica Lautz, NAR’s vice president

Read More

Ford Government’s New Legislation Will Make It Significantly Harder to Hold For-Profit Long-Term Care Homes Liable for COVID-19 Harms

TORONTO, Oct. 21, 2020 (GLOBE NEWSWIRE) — The Ford government has introduced legislation that would make it significantly harder for residents and families to hold long-term care homes liable for harm resulting from exposure to and infection with COVID-19. The legislation covers any individual, corporation or entity and includes the crown (which means the government and its agencies).

Bill 218, which was both introduced in the Ontario Legislature by the Ford government and passed First Reading yesterday, is retroactive to March 17, 2020 meaning the legal rights of those who were infected, potentially infected or exposed to coronavirus on or after March 17, 2020 will be compromised by the legislation, if it is passed, no matter when they started any legal actions. There will be no compensation or relief for plaintiffs as a result of having their rights extinguished under this bill. The major changes in the legislation are as

Read More