My name is Clarke Gallie, I'm an investment realtor with WinCity in Windsor, ON and wanted to share the recent data received for April 2020TRANSACTION VOLUMEMarket activity (the number of new listings) has decreased by 53.60% comparing April 2020 to April 2019Market activity (the number of new listings) YTD has decreased by 14.02% comparing 2019 to 2020Sales activity (the number of houses sold) has decreased by 54.89% comparing April 2020 to April 2019Sales activity (the number of houses sold) YTD has decreased by 19.60% comparing April 2020 to April 2019SALES AVERAGESAverage Sale Price has increased by 0.08% comparing April 2020 to April 2019Average Sale Price YTD has increased by 10.94% comparing 2019 to 2020If you're looking to invest in Windsor, have questions about what is the best strategy for you or just want to chat real estate add me on Bigger Pockets and give me a call!

Maybe they thought if there is a crisis they want to keep their assets and not decrease current loan quality.As things improve you'll probably see them come back.I had heard very early on from one friend at Wells Fargo, that they had stopped doing them.Also many of the "special" programs have stopped...like Dr.

As demand decreases and supply increases, we naturally see a decline in price BUT the graphs to follow show a steady demand for housing still and I believe that once people are able to get back to work and start borrowing again, we will see a fast recovery.With our phase-one/soft open coming up in only two days, I feel optimistic that we have seen the bottom of this economic slowdown and that we are soon to be on our way back up. 

Once the overall loan volume decreases they will relax their criteria.

Sales significantly decreased this year (125 v.s. 200+), very likely due to the outbreak of COVID-19 pandemic.2.

Check out the population as well, is it increasing or decreasing and is there anything that will draw more people in the future?

If we start to see demand significantly decrease, then it will show that Covid-19 has created major economic damage in itself.I specifically told my investors that there were no real strong numbers that supported a strong market downturn pre-COVID-19.

If you were looking to house hack multifamily with an FHA in the near future again, it will pose a problem as refinancing into a conventional will be more difficult and capital intensive.If the economy tanks would you be able to break even on decreased rent numbers or move out and rent the other unit? 

I feel that even if/when the bubble pops, and the value of my property decreases, I will still be coming out ahead in quite a few ways - 1 - I will eliminate or minimize my monthly rent/housing costs2 - I may/should be able to (?)

If I have a contract on a property is it possible to go to the lender and negotiate the balance down for a cash payoff? The note is incurring daily interest, property is in bad shape, and lender would most likely have...