That way it wouldn't affect your DTI, no need of proof your income, etc. and you can go ahead with your strategy.

Bank of America announced they will offer deferments on their mortgages for individuals who have been adversely affected by the Covid 19 situation.

CORONAVIRUS IS AFFECTING COMMERCIAL REAL ESTATEWe have an office/retail building and our retail clients are having a difficult time with the shutdowns related to the coronavirus.  

I heard NYC was not affected very much in the 2008 crash.

I heard NYC was not affected very much in the 2008 crash.

Besides, over 80% of those affected by the virus get only minor symptoms... 

What should we do to prevent a repeat?

Given the current situation and economic downturn that could follow and inevitably affect real estate markets, I can clearly see why you would advise a beginner such as myself to proceed with caution or even shy away from jumping into real estate at this time.

So yes, expect Covid-19’s current domino affect on the economy that will reach far out even into the sale of real estate.

If you are directly affected by the COVID-19 because you are sick or quarantined and you have not yet applied for EI benefits, please submit your application as soon as possible.