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 sees the local real estate market returning to normal next year. A recent survey by Royal LePage is predicting a one per cent drop in the aggregate price of a home in Canada by the fourth…

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 the PEI Real Estate Association, said he's not surprised by the decrease."I don't find the stats super surprising given the increased interest rate we've seen over the last few months," he said."There's a little apprehension from…

LEGAL UPDATE – Public Health Directions extended in Queensland

IN BRIEF By way of updates, we attached the Public Health (Further Extension of Declared Public Health Emergency—COVID-19) Regulation (No. 2) 2022. Summary On 17 June 2022, Queensland's declared public health emergency for COVID-19 was extended to 11.59 pm on Thursday 22 September 2022. Consequently, Public Health Directions (PHD) with an end date of 24 June 2022 have been automatically extended until 11.59 pm on Thursday 22 September 2022. Directions will be progressively updated to reference…

Saving vs Investing: What’s the Best Option?

Saving vs Investing: What's the Best Option? Enter your details below to receive EXCLUSIVE property investment deals and offers before anybody else! Enquire Now /*! elementor-pro - v3.8.2 - 21-11-2022 */ .elementor-widget-table-of-contents .elementor-toc__header-titlecolor:var(--header-color).elementor-widget-table-of-contents.elementor-toc--collapsed .elementor-toc__toggle-button--collapse,.elementor-widget-table-of-contents:not(.elementor-toc--collapsed) .elementor-toc__toggle-button--expanddisplay:none.elementor-widget-table-of-contents .elementor-widget-containermin-height:var(--box-min-height);border:var(--box-border-width,1px) solid var(--box-border-color,#a4afb7);border-radius:var(--box-border-radius,3px);background-color:var(--box-background-color);-webkit-transition:min-height .4s;-o-transition:min-height .4s;transition:min-height .4s;overflow:hidden.elementor-toc__headerdisplay:-webkit-box;display:-ms-flexbox;display:flex;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:justify;-ms-flex-pack:justify;justify-content:space-between;padding:var(--box-padding,20px);background-color:var(--header-background-color);border-bottom:var(--separator-width,1px) solid var(--box-border-color,#a4afb7).elementor-toc__header-titlefont-size:18px;margin:0;color:var(--header-color).elementor-toc__toggle-buttoncursor:pointer;display:-webkit-inline-box;display:-ms-inline-flexbox;display:inline-flex.elementor-toc__toggle-button icolor:var(--toggle-button-color).elementor-toc__toggle-button svgheight:1em;width:1em;fill:var(--toggle-button-color).elementor-toc__spinner-containertext-align:center.elementor-toc__spinnerfont-size:2em.elementor-toc__spinner.e-font-icon-svgheight:1em;width:1em.elementor-toc__bodypadding:var(--box-padding,20px);max-height:var(--toc-body-max-height);overflow-y:auto.elementor-toc__body::-webkit-scrollbarwidth:7px.elementor-toc__body::-webkit-scrollbar-thumbbackground-color:#c2cbd2;border-radius:10px.elementor-toc__list-wrapperlist-style:none;padding:0.elementor-toc__list-itemmargin-bottom:.5em.elementor-toc__list-item.elementor-item-activefont-weight:700.elementor-toc__list-item .elementor-toc__list-wrappermargin-top:.5em;margin-left:var(--nested-list-indent,1em).elementor-toc__list-item-text:hovercolor:var(--item-text-hover-color);-webkit-text-decoration:var(--item-text-hover-decoration);text-decoration:var(--item-text-hover-decoration).elementor-toc__list-item-text.elementor-item-activecolor:var(--item-text-active-color);-webkit-text-decoration:var(--item-text-active-decoration);text-decoration:var(--item-text-active-decoration).elementor-toc__list-item-text-wrapperdisplay:-webkit-box;display:-ms-flexbox;display:flex;-webkit-box-align:center;-ms-flex-align:center;align-items:center.elementor-toc__list-item-text-wrapper:before,.elementor-toc__list-item-text-wrapper imargin-right:8px;color:var(--marker-color).elementor-toc__list-item-text-wrapper svgmargin-right:8px;fill:var(--marker-color);height:var(--marker-size,.5em);width:var(--marker-size,.5em).elementor-toc__list-item-text-wrapper ifont-size:var(--marker-size,.5em).elementor-toc__list-item-text-wrapper:beforefont-size:var(--marker-size,1em).elementor-toc--content-ellipsis .elementor-toc__list-item-textwhite-space:nowrap;overflow:hidden;-o-text-overflow:ellipsis;text-overflow:ellipsis.elementor-toc__list-items--collapsible>.elementor-toc__list-wrapper>.elementor-toc__list-item>.elementor-toc__list-wrapperdisplay:none.elementor-toc__heading-anchorposition:absolute.elementor-toc__body .elementor-toc__list-item-textcolor:var(--item-text-color);-webkit-text-decoration:var(--item-text-decoration);text-decoration:var(--item-text-decoration).elementor-toc__body .elementor-toc__list-item-text:hovercolor:var(--item-text-hover-color);-webkit-text-decoration:var(--item-text-hover-decoration);text-decoration:var(--item-text-hover-decoration).elementor-toc__body .elementor-toc__list-item-text.elementor-item-activecolor:var(--item-text-active-color);-webkit-text-decoration:var(--item-text-active-decoration);text-decoration:var(--item-text-active-decoration)ol.elementor-toc__list-wrappercounter-reset:itemol.elementor-toc__list-wrapper .elementor-toc__list-itemcounter-increment:itemol.elementor-toc__list-wrapper .elementor-toc__list-item-text-wrapper:beforecontent:counters(item,".") ". " Table of Contents If you’re looking to achieve financial security, then saving or investing your money is usually an…

Rising interest rates, falling sales pushing some investors out of Toronto's condo market

For nearly a decade, new condos have been regarded as sound investments in Toronto but rising interest rates coupled with the flattening of average sales prices since March means some investors are facing an increased financial burden — even struggling to close on projects nearing completion.Those who invested in preconstruction conditions in particular are in increasingly challenging positions. In some cases, they're unable to finance the closing of a property due to lower than expected appraisals…

This Week's Top Stories: Canada's Real Estate Bubble Is Popping As Global Recession Looms

Time for your cheat sheet on this week's top stories. Canadian Real Estate The Canadian Real Estate Bubble Is Popping As Mortgage Rates Throttle Credit Canadian real estate prices got a boost from low rates, now the opposite is happening. A typical home fell to $735,000 in October, down 15.3% from the peak, wiping out half the gains made since March 2020. Expected after mortgage rates rose enough to wipe out 32% of buying power since…

Autumn Budget 2022 – What Do Property Investors Need to Know?

The government is set to increase tax revenues to help deal with the recession and generate more funds, and how these tax rises will be implemented will affect how much investors can earn from properties that they're considering selling.The biggest tax that property investors should be concerned with is the change to Capital Gains Tax, which is the tax you pay on something that has increased in value when you sell it.The new Budget will see…

The Best Areas of Leicester to Invest in Buy-to-Let

Why Invest in Leicester? Leicester is a fast-growing part of the country, which bodes really well for property investors. The current (2023) metro area population is around 566,000, which is an increase of 0.71% from 2022. The UN predicts that this number will rise to 506,000 by 2030. Leicester has an industrial past, best known as a manufacturing center for footwear, hospitality and textiles... it used to be said that Leicester clothes the world. Today it…

Understanding the Homelessness Reduction Act, 2017

What the Homelessness Reduction Act Means Like most laws, the Homelessness Reduction Act 2017 is complex. However here are the main ways in which it contributes to homelessness legislation. Local housing authorities (which are the local council) must provide homelessness services to all those affected, not just those who have what is considered to be a priority need. They have a duty to provide information to everyone. They must give proper consideration to all applications for…

Rents in the UK Rise to Record Levels

From a buy-to-let investment perspective, there are a number of regions across the UK showing strong signs of rental growth such as the North West, which saw an increase of 0.83% in the average rental price between April and May.This sits above the average increase of 0.73% across England and 0.32% in the Greater London area, making North West one of the most promising regions in which to invest when it comes to rental growth. Furthermore,…