Latest Coronavirus Update on Reopening the Economy

Latest Coronavirus Update on Reopening the Economy

  • Business
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  • Coronavirus
May 5, 2020

Alberta, Saskatchewan, Manitoba, Ontario and Quebec are lifting some COVID-19 Restriction. Canada’s health minister said some sectors engaged in what they referred to as “cautious reopening” despite the number of cases are still growing, up to 60,000 cases in Canada.

Although the number cases have flattened out, this will be an experiment to see how it will affect pandemic. The economy will need to slowly reboot because the pandemic is not expected to end anything soon with another wave coming in Fall and Winter. Without a vaccine, to reach herd immunity 60-70% of the population need to be contracted with a virus and there are cases of re-infection.

Canada did a great job compared to our neighbours in the South. The slow re-opening will introduce a new way of living that will last a long time. The good news are the businesses that are re-opening service related. It should bring more people back to run and cash flowing in the economy.

Ontario is allowing lawn care, landscaping, garden centers for curbside pickup, and automatic and self serve car washes, auto dealership and construction projects. These are businesses that require minimal gathering with safe working distances, up to 1-2 people, and in-store pickup is typical during these times.

Quebec on the other hand has decided to delay the reopening given the severity of their situation. Construction and manufacturing will re-open as deemed essential.

Saskatchewan is re-opening non-urgent medical offices and outdoor activity with restrictions.

Manitoba is taking the most risk allowing hair-salon to museum, but the province of Manitoba has only 281 confirmed cases to date.

British Columbia has no plans to re-open the economy yet and has improved COVID-19 testing speed. According to Premier John Horgan, the strategy to reopen in British Columbia will be very different compared to other provinces. There will be guidelines and business emergency power can shutdown businesses that fails to operate in a safe manner.

All the provinces are facing a very different situation. We are seeing the less contaminated provinces and territories are slowly opening, but provinces like British Columbia, Ontario, and Quebec will remained closed for the time being and will very likely be opening up last.

Yoyoe Lu

Founder and managing principal

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou


As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.