The local Realtors Association doesn’t anticipate a large number of repossessions on the other side of the COVID-19 pandemic.

Bill Sterling says he expects that banks will work with property owners who are struggling to meet their mortgage payments in a very challenging time.

He believes it’s not in the best interests of the banks to take back houses in mass quantities. He thinks they will work with homeowners and stretch mortgages out further.

Sterling says the local market was heavily affected by the downturn in the oil and gas industry in 2014 and was just starting to bounce back when #Snowmageddon and COVID-19 hit.