Property sales are on the rise across Canada, jumping another 1.1% month-over-month in August, according to the Canadian Real Estate Association (CREA). Buyer sentiment is picking up in Montreal, Greater Vancouver and Ottawa, giving Canada its best market performance in August for four years. Deal numbers have now increased for a fifth straight month, signalling…
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The strength of the Canadian real estate market is not just determined by the supply and demand dynamics that exist between buyers and sellers. There’s also a wider set of economic issues that influence property values, such economic growth, job security and the cost of borrowing. New data indicates the path to recovery for the…
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The anticipated real estate recovery is beginning to take shape in good news for both sellers and buyers, and the Bank of Canada (BoC)) has recently injected additional optimism with its first interest rate cut in six months. We’re seeing a largely two-speed recovery in which markets with affordability challenges and strong inventory of homes…
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Improving your home is one of the best investments you can make, as it adds value to a significant financial asset and enhances your lifestyle. The cost of labor and building materials can dissuade many people from upgrading their homes, but the value you add will pay you back. You’ll get a much better price…
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Sales have surged for new single-family homes, rising more than 20% in August compared with 12 months ago, according to the latest data from the US Census Bureau. The spike in new home transactions, which represent 14% of America’s real estate market, has been ignited by builders offering discount deals to lure buyers who’ve been…
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With our mortgage rates continuing to slowly taper down towards the 6% benchmark, realtors are reporting an increasing volume of inquiries from owners now thinking of selling. Most Americans spend between five to seven years in their home before upgrading to their next property. However, the high interest rate environment since Covid has forced many…
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Latest data on prices and mortgage costs suggests buyers need to move quickly before the Holidays if they want to find a great deal. Values look set to rebound as the Federal Reserve moves toward a lower interest rate environment. The US is on track to sell 4 million properties this year with the sale…
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After the long-awaited and highly anticipated 0.25% reduction in the federal funds rate reduction by the Federal Reserve, many realtors are being asked if now is a good time to enter the market. Optimism is beginning to gain momentum because mortgage lending rates have been tapering down ever so slightly for the last few months.…
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Leading real estate marketplace Zillow has reported a 7.3% fall in the number of its listings for August as sellers take stock in the aftermath of the summer selling season. Inventory remains 15% above its level 12 months ago, providing buyers with plenty of choice and a healthy negotiating position. Currently, 20% of all sales…
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If you want to sell your home quickly and efficiently, there’s no better time than winter. Even though days are starting to turn chilly, there are a number of factors in your favor. There will be fewer new properties coming onto the market to compete with you. Indeed, Zillow has just released data saying month-over-month…
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