On November 24, 2022, the BC Government passed amendments to the Strata Property Act which take immediate effect. There are two significant changes impacting REALTORS® dealing with strata properties, as well as their clients: all rental restriction bylaws are removed, except for bylaws restricting short-term rentals such as Airbnb or Vrbo, and all age restriction bylaws are removed, with the exception […]
The Canadian market may be tilting in favour of buyers after spending much of the past two years favouring sellers, according to a recent report analyzing borrowing data. Nesto, a national online marketplace for mortgages, recently published a study examining its client data from September, finding the median purchase price of a home dropped across […]
The great exodus from urban to suburban and rural has ended and seemingly reversed itself, according to new data from a Calgary-based realty firm. “The pandemic created unprecedented demand for single-family detached homes in suburban and rural areas across much of the country including Calgary,” says Robert Price, chief executive officer of Bode. But in […]
As Canadian home sales activity and prices continue their downward trend, many prospective home buyers want to know where the bottom is… and how hard that landing will feel. Predicting the end to the slide is anyone’s guess, but the Canadian Real Estate Association’s Senior Economist Shaun Cathcart said there’s an “increasing number of data […]
Over the past year, housing markets in Canada have experienced historical growth in both home prices and sales activity. Inventory dropped while demand increased, causing a dramatic shift to a seller market. This month’s data (March 2021) marks a year since COVID-19 made its first major impact on Canadians, and the story has been incredible.
Once upon a time first-home buyers stopped at $600,000. Now they drive surprise sales above $1m. Market entrants claimed the keys at a pair of seven-figure northern suburbs auctions a week ago and experts think we’ll see more and more in that range. A three-bedroom Thornbury house sold for $1.32m last Saturday after six bidders […]
Canadians know real estate prices have grown very quickly, but most likely have no idea how fast. US Federal Reserve data shows when US home prices took a dive during the Great Recession, Canadian prices didn’t. Instead, Canada has flooded the market with a number of policies designed to increase the amount of debt households […]
House prices are falling and demand for property continues to moderate nationally. Despite the Reserve Bank of Australia yet to move on rates, the banks continue to cut mortgage rates to maintain volumes and we should expect to see the continuation of a market slowdown. The days of low interest rates will soon be over […]
Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a total of 77,426 residential transactions through TREB’s MLS® System in 2018. This result represented a 16.1 per cent decline compared to 92,263 sales reported in 2017.
当前的澳洲房屋市场房贷政策在收紧，拍卖清空率一直停留在 60% 以下，不过目前也是首次置业人士入市的好时机。