The Canadian Real Estate Association says home sales climbed 2.2 per in December compared with November as they recovered from a dip following the introduction of new mortgage rules
Two markets, two diverging paths
As agents brace themselves for another year of low inventories and an increasing number of desperate buyers, it’s quite likely that multiple offers are going to be commonplace in Canada’s major cities – again.
A Montreal man slapped with a $1,000 fine for an illegal drone flight serves as a good reminder for agents to “fly with caution” and file the appropriate paperwork before take-off.
With ever-shrinking inventories and increasingly desperate buyers, it’s becoming more important for agents to market listing photos to the right buyer.
Agents will soon have a helping hand in expressing to buyer clients the importance of mortgage and title insurance.
An increasing number of condo buyers are choosing developments that are positioned near “practical” amenities and not fancy cafés and bars.
Most economists agree that interest rates will rise in 2015 – possibly as early as May – but property experts say the ups and downs of interest rates should never be the ‘be all, end all’ for your buyer clients.