The debate about the future of real estate in Canada often swings around to the topic of the housing shortage. The Royal Bank of Canada has voiced its opinion on the question of affordability, highlighting its estimate that a million households will not be able to afford a home by 2030. It also claims that…
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New housing initiatives valued at $8.5 billion and designed to boost the real estate market were released in the recent Federal Budget. The Government’s biggest promise was a pledge to construct 3.87 million homes by 2031. Buyers will also be allowed to withdraw up to $60,000 via the Registered Retired Saving Plan (RRSP) Home Buyers’…
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Anyone who doubts the value of real estate as an investment might want to consider the disparity between the average price of a home today and the cost in 2014. The price difference is almost 60%: an excellent result for homeowners and investors alike. It’s tough to hear for those who are seeking to enter…
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Canadians under the age of 35 are carrying greater financial debt than two years ago and face increasing challenges to achieving home ownership, according to the agency Statistics Canada. Young households had seen their mortgage burden increase over the past 12 months, and their accumulation of wealth was slowing. StatCan pointed to higher interest rates…
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Hopes for a continued strong selling season have been boosted by data showing that real estate values across Canada have increased 3.5% year-on-year, taking the average home value to $685,809. The provinces enjoying the most significant gains were New Brunswick, Alberta, and Newfoundland and Labrador, according to the Canadian Real Estate Association (CREA) figures for…
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The compulsory purchase of insurance by a mortgage borrower to protect their lender from a loan default is under investigation, according to a report from the leading financial news agency, Bloomberg. The Consumer Financial Protection Bureau (CFPB) is questioning the validity of forcing borrowers as a condition of a loan to pay for insurance that…
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Two big Hollywood names, along with the most famous of all the tech sector mega-rich, are headlining the real estate market at the moment. The Beverly Hills home of iconic sex symbol Raquel Welch, who died in February last year aged 83, has just been put on the market for $3.95 million. It’s a beautiful…
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The profile of property buyers is changing across America as Millennials and Gen Z start to replace Baby Boomers in the market. Buyers aged 18 to 43 now make up 38% of all Americans who bought a property in 2023, according to the new Home Buyers and Sellers Generational Trends report from the National Association…
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The biggest question in real estate in America today has nothing to do with property and everything to do with money. More accurately, the cost of money. The health of the property market is always precariously balanced by the direction of the money markets, the Federal Reserve’s prevailing view on inflation, and how it uses…
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As we approach the middle of the year, questions about performance of the real estate market nationally remain top of mind for most buyers and sellers. As an experienced real estate agent in your neighborhood, I have experienced this market uncertainty before, and I assure you it will pass. Many property market experts continue to…
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