There are so many factors involved in the purchase and sale of real estate and it can be a daunting task to sell or purchase a property, even when circumstances are ideal. Unfortunately, we are living in a different world now with the introduction of the COVID-19 pandemic which has caused the purchase and sale of real estate to be even more of a daunting task. COVID-19 has disrupted not only the way real estate transactions were traditionally performed, but it has also had an impact on the real estate market itself.
As a result, many wonder what will happen with the piece of real estate that they have recently sold or purchased due to the uncertainty surrounding COVID-19. Such uncertainty may therefore result in sellers and buyers being involved in litigation, as was the case in 2017 when the government introduced new measures intended to cool the real estate market. As a result of these new governmental measures, the real estate market dipped and we saw a corresponding increase in the amount of litigation cases involving real estate transactions. Fortunately, we here at BPR Litigation have experience in dealing with real estate litigation and we are happy to help guide you through your options during such an uncertain time.
Speak to one of our real estate law litigation lawyers today by emailing us at justin@bprlitigation.com, or reaching us by phone at 416-512-2529, and we would be happy to arrange an in person, or virtual meeting to discuss your specific situation.
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