As we previously reported, initially the number of new listings fell at the same pace as the sales (down roughly 70%) so the market stayed in sync and in balance. Therefore, prices have remained relatively stable considering this unprecedented crisis. In any normal recession of this magnitude, we would have seen prices start to crash. The top end and low end of the market have seen a slight price decreases, but the overall average price is still up from the same period last year.
Angela Meyer's blog
As a result of the COVID-19 outbreak, I find myself in an unprecedented situation which is of the utmost importance to us all. We have entered a time where we must refrain from physical interaction in order to limit the spread of the virus. As you can imagine, this is not what REALTORS® myself included normally do!
New Year, New Look?
Happy New Year - Staying cool in the 2019 market.
What is charged by the Ontario government, owed upon closing and generally considered the most reviled part of any real estate transaction? If you guessed the land transfer tax, you’d be correct; this levy, which is calculated based on the total home purchase price, can put buyers on the hook for an additional ten of thousands of dollars depending on where they’re purchasing their home.
In my morning reads this morning I came across this sentance and web site
In my morning reads this morning I came across this sentance and web site GTA traffic is in desperate need of a western transportation network I tend to agree with that statement because as a resident of the villages on the West Credit I have been aware of development going to happen in the Huttonville area since 1979. I and my family moved into a home in July of 1979 and in August we received notification of the Bram West Secondary Plan as it was called then. As a Realtor in that area I was very much aware of it. I do not live in Huttonville any more but
A study by Genworth Canada says that millennials are now driving the housing market. Canadians remain committed to homeownership and those who own a home have better financial outcomes than those who do not. It says homeowners are far more likely to say they are in great/good financial fitness versus non-homeowners.