March 18, 2020 – Buying, Selling, Leasing, or Renting During the COVID-19 Pandemic

Calgary, AB – The evolving recommendations around the COVID-19 pandemic has left many real estate consumers worried about current and planned real estate transactions, especially since they typically involve a lot of interaction with other people’s private space, including meetings, open houses, and property viewings.

RECA strongly encourages consumers to talk to their real estate professionals about any concerns with COVID-19 when selling, buying, leasing, or renting property in Alberta. RECA has advised all real estate professionals and property managers in Alberta to reach out to clients during this time to discuss options during the pandemic.

RECA has prepared extensive information around COVID-19 and Real Estate for licensed professionals, and they are prepared to answer their client’s real estate questions and concerns.

RECA has also prepared materials specifically for consumers to assist them in considering their risk tolerances associated with COVID-19 as it relates to real estate transactions, and to foster meaningful discussions with their real estate professionals to reduce the risk of COVID-19 transmission.

COVID-19 poses different levels of risk to buyers, sellers, landlords, and tenants. Real estate solutions need to reflect individual risks.  Together, real estate professionals and their clients can do their part to mitigate their individual exposure to COVID-19 and to “flatten the curve” and slow the spread of COVID-19 in Alberta.

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