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How's the Market? May 2020 Stats

Saturday Jun 20th, 2020

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hows the market

  It has been interesting times to say the least.  I hope you and your loved ones are taking the necessary steps to stay healthy and active.     As restrictions begin to loosen and some businesses get back to business, the residential real estate market got a little busier over last month with the volume of transactions across all home types up 50% over the month of April.  The number of Active Listings are well below the usual seasonal averages... [read more]

COVID Impact: How Home Prices Have Fluctuated Across Canada So Far

Saturday May 23rd, 2020

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covid impact on prices

In April, Canada’s SNLR was 58%, down from 62% in February of this year. For reference, Zoocasa says a range between 40 – 60% indicates balanced conditions, while below and above that threshold indicate local housing market conditions favouring buyers and sellers, respectively. For the largest drop in sales, Montreal CMA had a 65% decline between February and April from 5,338 to 1,890, according to the report. As for the smallest drop in sales, Winnipeg recorded 739 sales... [read more]

Experts Predict Economic Recovery Should Begin in the Second Half of the Year

Friday May 22nd, 2020

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One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the second half of this year. Here’s a look at what some of the experts have to say.      “I think there’s a good chance that... [read more]

It Now Takes 32 Years for an Average Person to Buy a Home in Toronto

Saturday Sep 28th, 2019

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toronto homes getting expensive

Most of us already know that saving for a down payment on a Toronto house is out of reach, but the amount of time it would actually take to do so may shock you.  According to a new Zoocasa report, it would take a median-income household 32 years to save for a down payment on an average Toronto home.  That's right, 32 years — better start saving! The report, titled "Where Could a Median-Income Household Afford Real... [read more]

New Home Buyer Fees in Toronto are Three Times Higher Than in New York

Saturday Sep 28th, 2019

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new home fees in toronto on rise

Buying a new home in the Toronto area? Not only will it cost you nearly $800,000, on average, you'll pay more in government-imposed fees than anywhere else in North America! The GTA-based Building Industry and Land Development Association (BILD) recently commissioned data researchers from the Altus Group to take a look at how much people can expect to pay in government charges and fees on new homes across both Canada and the United... [read more]

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