The slowdown underway in Canada’s housing market continued last month, new figures from the Canadian Real Estate Association showed Thursday, with the average selling price falling to just over $630,000, and the number of home sales off by almost 40
Real Estate News
The latest real estate news can be found here! Stay up-to-date on the latest industry news, trends, and insights. Whether you’re a first-time homebuyer, a seasoned investor, or anyone in between, we’ve got the news that’s relevant to you.
How to Keep Your Sapphire Jewelry Looking Like New
Sapphire jewelry, especially pieces like engagement rings Birmingham shoppers adore, can stay vibrant and sparkling with the right care. Sapphires are durable gemstones, ranking 9 on the Mohs scale, but they still require proper maintenance to keep their lustrous beauty …
Canada Is In Recession & “Overvalued” Real Estate Will Be Hard Hits: Oxford Econ
Canada’s overstimulated economy is experiencing withdrawal from the end of low rates. Oxford Economics’ warned investors the country is already in recession. It’s expected to spend most of 2023 in recession, and will be a hit harder than its G7
They purchased homes right before the real estate downturn. Now, they’re struggling to close
A group of Ontario residents who purchased pre-construction homes in Brampton at the peak of the recent real estate frenzy say they’re now struggling to close on their deals because of a perfect storm of rising interest rates, falling home
Is Housing Inflation Slowing Down? Trends To Look For In 2023
|
Key Takeaways
- Many factors contributed to the rapid rise in home and rent prices over the past few years.
- Because of the long process from building to selling homes, it takes time for housing inflation
Pros and cons of investing in commercial real estate
Investing in commercial real estate can be an effective way to mitigate a rising interest rate environment
Article content
Local real estate heads see ‘return to normalcy’ in 2023
The head of the local real estate association said we’re seeing more of a balanced market, and there’s more interest being seen from potential buyers to at least explore moves
The president of the Guelph and District Association of Realtors
The Impact of Building Materials Shortages in 2023
The impact of COVID-19 led to a reduction in production and supply chain disruptions. Although it appears that the two-year-long shortage of building materials has subsided, for the most part, prices for a variety of components are still high. This
The PEI real estate market shows signs of cooling
New numbers from the Canadian Real Estate Association show Prince Edward Island’s housing market is starting to cool.
The number of houses sold in November fell 13 per cent, compared to the same period in 2021. James Marjerrison, president of
2023 Property Market Predictions: What Will Happen to UK Property?
2022 was a fantastic year in terms of capital appreciation, as house prices snowballed over the course of the year.
The average house price in the UK as of October 2022 was £296,000. When compared to the average price of