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.
March 2021 – Newsletter
February Resales Snapped up Quickly
“Resale properties are virtually flying off the shelves” states OREB's President. “Even though our inventory is significantly lower than 2020 – a combined 46% decrease in housing stock for residential and condos – we witnessed a record number of sales in February 2021. How is that possible? Simply put, properties that come onto the market are selling very quickly.”
December 2020 – Newsletter
No Signs of Slowdown in Ottawa Resale Market
“We continue to experience strong activity in Ottawa’s resale market during the time of year when we would typically see a slowdown,” states Ottawa Real Estate Board (OREB’s) President. “Further, the pandemic overall did not slow down the resale market, and our year to date transactions are now on par with 2019.”
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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