The Real Estate industry is in a constant change of flux, with new and exciting issues and events that can make a huge impact on real estate values, and the market conditions in general. This series of Newsletters is a great resource to stay informed and I do hope you find them helpful. If you would like to discuss these or any other real estate matter, I would welcome the opportunity at anytime.
January 2020 - Newsletter
Canadian real estate market to appreciate 3.2% in 2020 reflecting similar price growth in both condo and detached segments
“Ottawa continues to be an affordable city with great jobs,” said Kent Browne, broker and owner, Royal LePage TEAM Realty. “Inventory is tight and there are few rental units available, which puts pressure on the overall real estate market.
December 2019 - Newsletter
Affordability was Key for Home Buyers in 2019
Price and Affordability were top factors for four out of five buyers during their 2019 purchase, according to the annual Mortgage Consumer Survey (MCS), released today by Canadian Mortgage and Housing Corporation ( CMHC). The number of buyers spending the maximum amount they can afford on their home fell 60% in 2019 from 78% in 2018
November 2019 – Newsletter
One in five homes purchased by Canadian newcomers
According to a survey commissioned by Royal LePage, newcomers to Canada contribute
significantly to real estate demand. Currently, newcomers represent one in every five home buyers (21%). If the current international migration level is maintained, Canadian newcomers are expected to purchase 680,000 homes over the next five years. In 2018, international migration accounted for 80.5 per cent of Canada's population growth according to Statistics Canada
October 2019 – Newsletter
Canadians Not Deterred By Homeownership Obstacles
Those dreaming of homeownership face a long list of obstacles: high prices, low supply and ever-changing mortgage rules and qualification requirements, to name a few.
But that hasn't shaken Canadians' desire to have a place to call their own, according to the latest consumer survey from Mortgage Professionals Canada.
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