For the fifth consecutive month in a row, we saw the number of MLS® LISTINGS for the month drop below 2008 levels. For the third month in a row, the number of SALES for the month exceeded the previous year. Sales in July (218 units) and August (217 units) are the highest number of [...]
A big thanks to Chris for contributing today’s guest post. We have had two occasions recently where clients have closed on a house and found out, after the fact, that the previous owners had not paid all of their outstanding taxes. In each case, our client has been faced with a bill from the municipality [...]
In part two of a survey conducted by Canada Mortgage and Housing Corporation (CMHC) across ten major centres in Canada, they found six percent of households purchased a home in 2008, down slightly from 7% in 2007. The survey further stated: • Across five of the ten markets surveyed, Halifax, Montreal, Toronto, Calgary and Vancouver, 17% [...]
Are you wondering where mortgage rates are headed? So am I. Are you wondering where energy costs to operate our home are headed? Me too. I’m beginning to wonder how long the mental health of Canadians is going to hold out. We are being bombarded with contrary information and advice at every turn making it [...]
If so, you may have missed your best opportunities and for heavens sake, don’t say you weren’t warned. Continuing on the good news bandwagon, RE/MAX issued the following media release today: Recovery underway in key Canadian markets ends buyer dominance in resale housing, says RE/MAX Mississauga, ON. (July 13, 2009) – Pent-up demand for residential [...]
As reported at the end of last month, we saw the number of MLS® listings for the month of April drop for the first time compared to the year before and that trend continued in May with 554 new listings or, 6.2% fewer new listings when compared to May 2008. The number of sales for [...]
RE/MAX Ontario-Atlantic Canada, Generation X purchasers are poised to replace aging baby boomers as the major force in recreational property markets across the country, according to a report released today by RE/MAX. The report found demand for recreational properties from Gen Xer’s (those born between 1965 and 1980) has nearly doubled over one year ago. [...]
As reported at the end of last month, the spring market has brought out buyers in certain areas. As we started the new quarter of 2009, we saw the number of MLS® listings for the month of April actually drop below the number listed last April with 517 new listings last month. The number of [...]
… to bring forth bold legislation that is. Last week, a delegation from the Ontario Real Estate Association (OREA) appeared before the Standing Committee on General Government to discuss REALTOR® concerns related to the Green Energy Act, and more specifically, mandatory home energy audits. Since then, it appears that the government will be amending sections [...]
It was another good week for sales here in the Georgian Triangle with the positive trend holding. In the end of the day, the facts are all that matters BUT, there is a current swimming in the background that is rather interesting. April is traditionally one of our peak sales months in the Collingwood – [...]
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