It's been a rough couple of months for real estate agents, who earn their livelihoods through commissions.
In April, the Real Estate Board of Greater Vancouver announced that sales were 62.7 percent below the 10-year-average for that month.
Despite this, prices still held firm, with the benchmark price rising 0.2 percent over what was recorded in March.
In the midst of this challenging economic environment, the REBGV announced that a new chair, Colette Gerber, began her one-year term today, succeeding Ashley Smith.
“I move into this role amid a public health crisis," Gerber acknowledged in an REBGV news release. "The realtor community that we represent at REBGV is working to embrace new practices and innovations to help the public meet their housing needs in a responsible way. I look forward to doing what I can to help the real estate profession guide, inform, and serve the public through these challenging times.”
She's been in the business since 2008 after working in management, finance, and residential development.
The industry regulator, the Real Estate Council of B.C., has recommended a temporary end to open houses and strata council annual general meetings during the COVID-19 pandemic.
“This is an extraordinary situation and we must put public health first," RECBC CEO Erin Seeley said in March. "While we are aware that this may have a significant impact on business practices for real estate professionals and consumers, we must continue to prioritize public safety.”