Average values for existing homes are on the rise and the National Association of Realtors has reported a year-over-year 2% increase in deals for July, putting America on track for an annual sales volume of 4.01 million for 2025. NAR said the median average value for a family home rose 1.7% year-over-year to $429,400 –…
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Leading industry researcher Cotality has published new research stating buyers are finding the process of a home “overwhelming” and more than 90% say they have had “at least one moment of doubt” during the transaction. The survey found issues tended to be grouped along generational lines. For example, Baby Boomers don’t love using the portals…
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One of the biggest contributors to the long-term value of your property is location and local infrastructure. Areas where governments are investing in trains and schools quickly begin to contribute to higher local prices. A recent survey from the industry researcher Cotality (formerly CoreLogic) outlined how buyers were paying six-figure premiums to live in suburbs…
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With green shoots appearing in the Canadian housing market – sales volumes are up 6.6% year-over-year – where are values heading in the short-term? Should you buy now before everyone jumps back into the market on a wave of renewed confidence? The Royal Bank of Canada (RBC) says there are now encouraging signs for the…
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With the spring sales season just around the corner, sellers will not only be planning how to maximise the value of their property but also contemplating the practicalities of moving to their next dream home. There’s a lot to think about, of course, including the physical moving of your possessions and the transfer of utilities…
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With the number of homes being bought across Canada, and the fall sales season beginning, first-time buyers have a rare opportunity. There’s more choice than there has been since the start of the pandemic. First-time buyers should feel optimistic that momentum has shifted a little in their favour. Values in British Columbia and Ontario are…
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Are the walls closing in on you? Does the feeling of a growing family feel almost suffocating? Are the kids getting to an age when it’s not just impractical but emotionally impossible for them to share a bedroom? Are your parents getting a little too old to maintain their own home? If the answer to…
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The monthly volume of home sales has now risen 11.2% since March and there are predictions across the real estate sector that the Canadian market is beginning its long-awaited bounce back. After the threat of significant US tariffs put a brake on transactions earlier this year, Canadians have started to regain confidence in the economy,…
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With mortgage rates holding stubbornly at around 6.75%, first-home buyers continue to face a tough challenge to break into the property market. Only a few weeks ago, the National Association of Realtors (NAR) called for an increase in the building of new homes for first-time buyers following its own report that revealed existing homes were…
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With America’s population aging, the supply of suitable accommodation for downsizers is becoming an emerging issue. Our population is aging due to the retirement of the large Baby Boomer generation and increased life expectancy. The proportion of Americans aged 65 is projected to reach 20% by 2030. Centenarians could quadruple over the next three decades.…
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