82 billion dollars

[fratri]

You better believe it.
A long stretch vs a short stricter rout is going to effect many far worse then the virus itself.

Just think of how many small businesses rely on this time just to survive the winter months. Most will be loosing 75 percent of their income or work over the season and many many not even open, depending on the line of work and restrictions in place.

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Do feel for them but it is not all gloom and doom.......as there will always be someone or something to fill the void..... It may not look good for certain individuals or some businesses for sure (right now) but this void will get filled with new businesses. After-all once this is over and we get to leave our homes freely, we will need to spend our money on something. I just figure it will all work out but do feel for those losing what they have now. Not good times now for sure, but am optimistic there are good times to come, fingers crossed.

[LiveBates]

Do feel for them but it is not all gloom and doom.......as there will always be someone or something to fill the void..... It may not look good for certain individuals or some businesses for sure (right now) but this void will get filled with new businesses. After-all once this is over and we get to leave our homes freely, we will need to spend our money on something. I just figure it will all work out but do feel for those losing what they have now. Not good times now for sure, but am optimistic there are good times to come, fingers crossed.

I'm with you on that. The buying spree for a certain percentage hopefully will stimulate the businesses. Fingers crossed.

[JBen]

Many economist are predicting a very sharp, and steep V. Very painful ( last 2 days news).

Oddly exactly what we are trying to prevent with Covid.but inverted.
Problem is, that like the elderly and those with less ability to fight Covid off. We’re ok with sacrificing them?

Quite the conundrum.
The other reality is, while the economy will bounce back, a lot of sectors will lag. They need time. Regardless Ontario alone if forecast are accurate and Fords won’t be because they based their projections on 0 growth ( many now say -6 to -8%)

22billion deficit
And tax revenue in the toilet.
And huge bills still to pay

[fishermccann]

Six months ago I was looking into getting a new truck. I am glad I put that off, as there should be some good deals on vehicles , when we are able to shop in person again.

[sawbill]

That's exactly what I'm waiting for since I expect prices to drop more. They're still a bit below the norm right now but I think dealers will be hurting much more before long and they'll sell at rock bottom prices just to move stock.

[JBen]

I'd be inclined to watch the lightly used market Sawbill. There could be a lot of toys up for sale at a steal. New inventory, will be there a long time. As much as everyone agree's there will be a pronounced rebound. Larger ticket items, consumers are going to be gun shy and leery of opening their wallets.

[fishermccann]

If the real estate market really tanks , I am thinking of picking up a couple of houses, become a slumlord. You know for 'investment' purposes.

[rick_iles]

If the real estate market really tanks , I am thinking of picking up a couple of houses, become a slumlord. You know for 'investment' purposes.

Lots of SOLD signs on houses around here still...

[JBen]

Two of my sister in laws are real estate agents in Durham. One very successful, one just starting out. Both have had just 2 showings the past couple weeks.

https://creastats.crea.ca/en-CA/

This is traditionally the spring market when the number of new listings/transactions take off. They are down 15% for March.

[fishermccann]

If I am selling, I sure do not want an open house , where a bunch of strangers walking though my house can touch any-every thing.