Approvals for residential apartments have fallen into a slump, according to the latest figures from the Australian Bureau of Statistics. While approvals for private residential homes rose 10.7% or 12,520 homes, the number of apartments going ahead fell by 24.9%, according to the seasonally adjusted figures for February. This means there were 3,771 fewer apartments…
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The opportunity to take part in a shared equity initiative run by Canada’s federal housing agency has closed, reducing assistance options for first-time buyers. Canada Mortgage and Housing Corp wrapped up the program, called the First Time Home Buyers’ Incentive (FTHBI), on March 31 and will no longer accept applications for assistance. Established in September…
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The big question Canadian homeowners continue to ask about the real estate market focuses on finance rather than the quality of available homes, the best locations or the most profitable areas for investment. Instead, agents at our brokerage often field questions relating to mortgage costs and when interest rates are likely to come down. The…
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Many Canadians are beginning to think outside of the box in an effort to achieve their dream of property ownership according to a new survey. With the market still delivering strong values against a background of high-interest rates, an increasing number of people are investigating innovative strategies to purchase a home. A new real estate…
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Despite the strength of Canadian property prices, a new survey says many Gen Z and Millennials remain optimistic about their chances of owning their own home. As an experienced local brokerage, our agents can see how the high level of interest rates is holding many back from making a purchase or selling in the current…
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Property prices are starting to strengthen after a tricky few years, and the pent-up demand exhibited by buyers means new sales are outstripping the number of homes coming onto the market. As an experienced brokerage, we believe it’s important to speak to a broker or agent to better understand the buying and selling dynamics of…
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The real estate market is a dynamic ecosystem influenced by various factors. While specific conditions can vary greatly by location and time, understanding general market trends and key influencing factors can help you make more informed decisions about property investments. Housing markets are typically cyclical, experiencing periods of growth, stability, and occasional declines. These cycles…
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Keeping track of the mortgage market can be a full-time job when you’re preparing to upgrade. New offers come onto the market all the time even though our interest rate is staying stubbornly high amid speculation the drift down will begin in the next few months. As an experienced local real estate agent, I work…
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With the presidential campaign in full swing and both candidates confirmed, new research says the affordability of real estate will influence the votes of both homeowners and renters. Property affordability and the availability of rental properties will impact on how some 53% of owners and renters will vote. The findings in the Redfin survey, which…
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Buyers are beginning to take a different approach to the property market by prioritizing price over location, according to a new survey. The rising cost of mortgages over the past two years has caused this switch in buyer focus. As an experienced real estate agent, I understand why 56% of buyers told a Coldwell Banker…
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