• How is the Market Impacting Buyers and Sellers?

    2 monthes ago - By RIS Media

    A drop in Canadian housing numbers has left some sellers feeling discouraged and uncertain about the future. Others have put off listing their homes entirely.
    But according to a recent survey from Zoocasa, a digital real estate listing service, homeownership is still a key part of the Canadian dream for many residents, even as a shifting economy presents challenges for some potential buyers.
    The report, called Housing Trends Report: Aspirations and Obstacles, polled almost 1,500 Canadians to evaluate their homeownership goals and take stock of the problems within the housing market.
    In...
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  • Canadians Looking to the Condo Market

    2 monthes ago - By RIS Media

    While prices across most property types have remained relatively flat in 2018, there does seem to be one exception.
    The price of condos has been on the rise month-over-month in almost every major housing market this year, as buyers shift their focus from single-detached to high-rise homes.
    The reason? Affordability. While many first-time buyers have been priced out of the low-rise home market, condos-for which the average price hovers around the $500,000 mark in some cities-are relatively accessible entryways into the housing market.
    This shift in preference was highlighted by the...
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  • State of the Canadian Housing Market

    2 monthes ago - By RIS Media

    For years, the Canadian economy has benefited from historically high housing prices in some of its biggest housing markets. But as the market enters a serious correction in 2018, what does that mean for the industry? There may be a few changes ahead.
    The economy grew by just 1.3 per cent in the first quarter of 2018, largely the result of lacklustre housing activity.
    With activity steadily dropping in some major markets, the economy won't be able to rely on red hot housing prices in the next two years, as most economists predict activity won't pick back up in a big way until at least...
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  • Where is the Canadian Housing Market Headed?

    2 monthes ago - By RIS Media

    For months, industry watchers have been wondering when the Canadian housing market will make its way out of its 2018 sales slump. Now, economists have started to file their predictions for the second half of the year.
    When will activity pick up again? Read on for three predictions of where the market is headed:
    Things won't be heating up in the short term. At least not according to Royal Bank of Canada senior economist Robert Hogue. “We held the view until now that the transitory effect of the stress test implemented on Jan. 1 would start to wane by spring,” he said in a recent statement...
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