Posted on
January 10/2022By
northwood
The housing market in Ontario continues to boom. Research found that supply dropped by 43 percent, causing prices to increase significantly. The average house price in Toronto is over $1 million, yet interest rates are staying incredibly low. Whether you are a home buyer, seller, or even just a property owner, there is a way that you can take advantage of the market. Let’s look at how. Benefits for Sellers The obvious benefit for sellers is increasing your asking price and fully expecting to get that or more. Real Estate professionals have noted that most homes have over ten offers…
Posted on
June 20/2018By
northwood
Predictions for the summer real estate market are ever-present during the summertime news cycle. It’s important to know which predictions to listen to, and which ones are just blather. It’s also important to understand how to interpret reports of trends received from reliable sources, including the implications for the housing market as a whole. The real estate industry and the economy have undergone dramatic shifts in recent years, so staying up-to-date on the market is particularly vital during times like these. If you want to have a competitive edge, you need to make sure you know what trends are happening. Is it a buyer’s market, or a seller’s market? Is the market saturated with condos, single-family homes, or other types of dwellings? Is there a dearth of properties available in certain regions? Understanding the constantly shifting market is difficult, because the key is to understand not just what a particular…
Posted on
January 13/2017By
northwood
Donald Trump’s win in the U.S. presidential elections came as a surprise to many; the question is now how a Trump Presidency will impact Canada—particularly in the Canadian housing market. During his campaign, Trump promised to carry out mass deportations of illegal immigrants. Also, many Americans have expressed the desire to move to Canada if Trump were to win the election. How would these two events impact the Canadian housing market? Stagnant Interest Rates If Trump were to carry out his promise of deporting 11 million migrant workers who are (presumably) working illegally in the country, this would definitely hurt businesses. It’s no secret that the U.S. economy benefits substantially from migrant labour, and mass deportations would cause businesses to restrict hiring when the cost of labour goes up. The U.S. Federal Reserve will then try to keep interest rates low, and the Bank of Canada will likely follow suit.…
