The record growth run Canadian property investors have enjoyed with rental income has been slowing in the past 12 months, but there’s every reason to be optimistic for 2025, according to industry experts. To the end of December, the 12-month rise in rents stood at +3.2%, or +$2,109pa. That’s the slowest rate of rental price…
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Price data trends are most powerful when you’re able to drill down into a neighborhood or its surrounding area, providing you with real-world examples of how a market is behaving. Talking to a local agent, such as myself, about property values for the type of home you’re either selling or buying is always a smart…
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It wasn’t so long ago Canadians were talking about mortgage costs and property prices as one of the nation’s most pressing concerns. Times move quickly, however. Now conversation has swung to the possible impact of tariffs from the United States, and our economic wellbeing (not to mention this year’s coming election and changes at the…
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We all know the property market warms up when spring and summer come around. And 2025 could be hotter than anyone anticipated. The Bank of Canada has reduced the interest rate for the sixth time since last April, and inflation remains low and stable at 1.8%. For many upsizers and first-time buyers, the question is…
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Building more homes to increase affordability is always going to be a double-edged sword in this country. It’s great news for young buyers trying to break into the market, but a sobering trend for owners who rely on their homes to be their great financial assets. Consequently, the property market and its participants are keenly…
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Zillow economists have crunched the numbers! They’ve analyzed their page-view traffic for nearly 2,300 American cities – plus data on property value growth and days on the market – to rank their users’ most desired locations. Would you guess Zillow users wanted the excitement of New York or L.A.? Or would they prefer those peaceful…
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The impending imposition of a 25% tariff on all steel and aluminum imports has sent ripples of concern across our housing and construction industry. Tariffs placed on eight countries plus the 27 members of the European Union are to take effect on March 12, 2025. They could significantly impact the cost of home construction and…
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The rapid advancement of technology and AI is revolutionising Canada’s real estate industry and changing how properties are being bought and sold. If you’re thinking of selling, talk to your agent about how you can best use these technologies to maximise impact and minimise your marketing expense. Here are six technological advancements that can save…
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The average price of a home in New Zealand is on the rise, and the latest 0.5% cut in the Official Cash Rate (OCR) is likely to add to the momentum of the real estate recovery. Even before the Reserve Bank of New Zealand got out its knife to reduce rates for the fourth time…
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Investors must now refocus their attention on capital gain from property purchases after new data shows the huge rises in rents in the post-Covid period are finally coming to an end. A new survey by industry researcher CoreLogic shows national rents rose 0.4% in the last quarter of 2024. That’s the smallest increase since 2018.…
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