Real Estate Blog

January 2018 Regional Residential Statistics

January 2018 Regional Residential Statistics   Check out this January’s Residential Market Statistics, and Month Trend by Market. Regional unit sales are down but average sale prices are up! With 3.5 months of supply in Niagara + Dunnville, and 2.6 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a seller’s market.   St Catharines average sale price rose 11.3% and unit sales fell 23.0%. Niagara on the Lake saw a 60.0% drop in unit sales, and a 33.5% drop in average sale price. Niagara Falls’ average sale price increased ...

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December 2017 Regional Residential Statistics

December 2017 Regional Residential Statistics Check out this December’s Residential Market Statistics, 12 Month Trend by Market, and our year-end 10 Year Trend by Market. Regional unit sales are down, but average sale prices are up across the board. With 2 months of supply in Niagara + Dunnville, and 1.5 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a Seller’s Market.   St Catharines average sale price rose 21.8% and unit sales fell 9.9%. Niagara on the Lake saw a 19.0% drop in unit sales, but a 29.7% increase in average...

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November 2017 Regional Residential Statistics

November 2017 Regional Residential Statistics Check out this November’s Regional Residential Statistics, RLP Market Updates, and Monthly Trend by Market. Year to date, unit sales are down 13.2% across the region, but average sales price rose 20.2%. With 2.4 months of supply, we are heading back into a balanced market.      Niagara on the Lake’s average sale price soared to 29.9% YTD, while unit sales fell 19.6%.      Niagara Falls saw a 22.7% decrease in unit sales, and a 16.4% increase in average sale price.      Fort Erie’s avera...

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October 2017 Regional Residential Statistics

October 2017 Regional Residential Statistics Check out this October’s Regional Residential Statistics, RLP Market Update, and Monthly Trend By Market. Regional sales are down 12.8%, but average sales prices across the region have increased 22.8%. With 2.2 months of supply, we are heading back into a balanced market.      St Catharines’ average sale price rose to 23.9% year-to-date, and total unit sales fell 7.8%      Niagara-on-the-lake saw a -18% decrease in unit sales, but a 30.9% increase in average sale price.      Niagara Falls uni...

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Residential Landlord Rules: An Update

Over the past year, there have been many significant changes to the rules for Residential Landlords. These changes may seem overwhelming, but we are here to help; if you have any further questions, do not hesitate to contact a Realtor. Outlined below are the major rule changes as well as an understanding of how they may affect you as either a landlord or a tenant. September 2016 – Terminations for Domestic Abuse New rules have been put in place involving the termination of a lease in the case of domestic abuse. The landlord no longer has the ability to c...

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Ottawa Real Estate Update: October Market Snapshot

posted November 2nd, 2017 by the Ottawa Real Estate Board “Leaves may be falling, but the real estate market is not” OTTAWA, Nov. 2, 2017 – Members of the Ottawa Real Estate Board sold 1,243 residential properties in October through the Board’s Multiple Listing Service® System,compared with 1,214 in October 2016, an increase of 2.3 per cent. The five-year average for October sales is 1,165. “As we enter the 3rd quarter of the year, we continue to see the resale market outpace last year’s performance, which was also a stellar year,” says...

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New Mortgage Rules for January 2018

Are you a Canadian homeowner? A first time home buyer? Do you see yourself purchasing a home for your family in foreseeable future? If you’ve answered “yes” to any of these questions, or have considered tapping into the real estate market in the New Year, keep reading! The time has come, once again, for the Canadian mortgage rules to change. Effective January 1st , 2018 the Office of the Superintendent of Financial Institutions (OSFI) will be implementing new mortgage regulations that may ultimately reduce purchasing power on conventional purchases and r...

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Millennials-Turned-Homeowners

Home ownership is something that comes with great pride. And with it being one of, if not, the biggest, most sought-after purchase (and decision) that you will ever make in your years as an adult, it’s recommended that you thoroughly prepare yourself for the emotional and financial attributes that go along with doing so. This said, there are people of every age group and at each stage in their lives that look into the real estate market and agree to buy or sell their home. Most recently, however, it’s the millennials that are powering the housing market....

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Here’s an Idea of What Goes into Pricing Your Home

So you’ve decided to sell your home and embark in this journey called real estate. And whether this is your first, second, or “I’ve lost count” run of it, there will always be something that will set this particular experience apart from the rest. So what goes into it all? Where does one even begin? Arguably, one of the first and most significant attributes toward successfully selling your home is to determine its price – one that’s realistic, sensible and appealing to buyers. Once you’ve decided upon this as a starting point, the rest will naturally fol...

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September 2017 Regional Residential Statistics

September 2017 Regional Residential Statistics Check out this September’s Regional Residential Statistics, RLP Market Update, and Regional Update Residential Stats. Regional sales are down 16%, but average sales prices across the region have increased 24%. With 2.6 months of supply, we are heading back into a balanced market.      St Catharines’ average sale price soared to 33.5% year-to-date, and total unit sales only fell 5.7%      Niagara-on-the-lake saw a -16.7% decrease in unit sales, but a 33% increase in average sale price.      ...

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Just Another Day in the Life…

Many of you may wonder from time to time what your realtor’s typical day might look like. Truth be told, however, as a realtor, there really is no such thing as a typical day. In reality, days vary, schedules change, appointments pop up, emails come in – and in between it all, they eat and (sometimes) sleep. You see, from the moment your realtor’s alarm goes off in the morning, to the time they go to bed at night, they’re working hard to serve you and your home buying/selling needs. For them, it’s a lifestyle – and they’re quite accustomed to finding the...

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Ottawa Real Estate Highlights September 2017

“Steady September contributes to strong third quarter for 2017” It’s hard to believe that the fall real estate market has arrived, but here we are in October!  If you’ve been following Ottawa real estate this year you’ll know that it’s been a record breaker, particularly with the number of sales year over year.  According to the Ottawa Real Estate Board statistics;  in 2017 the listing inventory has been lower, average sale prices are steadily increasing, properties are selling faster and there have been more multiple offer situat...

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