Prime Minister Justin Trudeau is Planning for Provinces and Territories Re-opening the Economy

Prime Minister Justin Trudeau is Planning for Provinces and Territories Re-opening the Economy

    April 28, 2020

    The economy has halted since the government enforced social distancing to stop the rapid spread of COVID-19. During this time, businesses go out of business, residents lost jobs, and stock market crashed. The joint effort of Canadians has successfully slowed down the spread of the virus compared to the United States and Europe. Canada has done an excellent job.

    In some provinces, the number of growing cases is starting to flatten. It means the number of confirmed cases each day is consistent. We are also seeing more medical supplies such as hand sanitizer and mask in stock. These provinces are planning to slowly reopen its economy and revising health restrictions over the coming weeks and months.

    Trudeau said “until Canada gets vaccine, life here will not return to normal—but in the coming months restrictions will be eased across the country on a province by province basis” acknowledging the situation is somewhat controlled for those provinces. We need to praise Justin Trudeau for such decision because he understands the virus is only contained because of social distancing and not fully re-open the country is correct move.

    The federal government will need to start to plan on how to revitalize the damaged economy. Direct support the federal government has reached $145 billion Canadian dollars. Others spending that will not end up on the book includes an estimated $300 billion by OFSI, $200 billion credit support through Bank of Canada, $85 billion form tax deferral, and more than $286 billion liquidity support businesses and homeowners.

    Justin Trudeau is urgently asking for ideas from provinces to develop a national guideline to ensure all provinces is on the same page at the same time providing flexibility because every province is different. The provinces and territories will have the authority to decide when the pandemic measures are relaxed.

    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.