The spring luxury real estate market in Toronto should be a brisk one
The projects are expected to have a major impact in the downtown areas of these cities
As inventory continues to lag behind sales in markets like Toronto and Vancouver, some agents look to ‘coming soon’ signs to prepare would-be buyers for a chance at that in-demand area.
Booming industry and low interest rates are driving more and more Calgarians into the luxury housing market.
As the average price of home ownership rises across the country, those hoping to enter the housing market for the first time are looking to alternative property types, like mobile homes. However, mobile homes present a unique set of challenges for Realtors, especially those who don’t specialize in the field, says one Victoria Realtor who has been focusing on mobile homes for 20 years.
A report released Tuesday by the Conference Board of Canada that drew attention to the growing income disparity between Gen Yers and their baby boomer parents has some analysts claiming that the wage gap is leading buyers to more cautiously enter the housing market.
The tightest market in years means selling agents are now seeing more and more no-condition offers thrust before clients, but too few are viewing those offers as the red flags they are, caution agents.
The move by another major Canadian university to introduce a real estate-centred program has Realtors divided, with some suggesting it will fail to professionalize an industry where licensing may be too easy to win.
Ira Jelinek is a Realtor with Harvey Kalles Real Estate in Toronto, and was ranked in the top one per cent of all agents in Ontario after just four years in the business.
Is your client thinking about building their own home? Will they require any level of financing along the way? Suggest they start at the very beginning with an in-depth project review with their mortgage broker, one that is specifically experienced with construction mortgages. In fact, have this conversation prior to their purchasing the lot if possible.
Ricky Chadha is a real estate agent with Royal LePage in Toronto. He is also a real estate columnist for The Globe and Mail.
Construction in the condominium market slipped 3.7 per cent to 192,368 units in August compared to 199,813 in July, according to Canada Mortgage and Housing Corporation (CMHC) in a report release Tuesday.
Two American companies have recently decided to setup shop north of the border, bringing both excitement and trepidation to the Canadian real estate scene
Global real estate brand continues Canadian expansion with its first Whistler brokerage
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