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Buyer/Seller Resources Impact of a Shifting Market Investors Purchased 90% of New Supply Back in January, 2022, Better Dwelling reported that up to 90% of new real estate supply was purchased by investors due to cheap credit. These are non-owner occupied houses. The information derived from Statistics Canada defines such a purchase “as a home that’s “vacant, rented out to others, or […]
Buyer/Seller Resources How to Save with Higher Rates & Lower Prices With the market indicating reduced prices and higher mortgage rates, the following might serve to give a buyer a different perspective on affordability. The Drop in Prices As mentioned in the Century 21 Today June Newsletter, the overall average price in the Niagara region has changed. February represented the highest average price at about $872,000. […]
Buyer/Seller Resources Is Co-Ownership Buying Coming to Niagara Has The Time Come for Niagara Residents? With prices in Niagara soaring, the prospect of home ownership is slipping away for some local residents. So the time has come for some to embrace the concept of co-ownership. Co-ownership is not a new idea as it is being employed in BC and in Toronto, as well […]
Sales Stats Niagara 12-Month Residential Sales Stats MLS Sales Stats in Niagara…12-Month Averages From Jan. 1, 2021 to December 31, 2021 vs. the 12-month period in 2020 YTD to Dec. 31-21 vs. Same time Last Year No. Unit Sales 2021 No. Unit Sales 2020 % Change No. Sales Avg. Sales Price 2021 Avg. Sales Price 2020 % Change Avg. Sales Price Fort […]
Sales Stats MLS Sales Stats for Niagara to July 31-21 Year-to-date Sales Statistics for the Niagara Region: from Jan. 1, 2021 to July 31, 2021 vs. the same period last year* Overall in the Region: July listings are up 8% from June; Number of Sales are  down by approximately -16% Average Prices Are Up dramatically vs. same time last year.  Number of Unit Sales are […]
“Excess Exuberance” in Housing Market, Nationally & Locally Hot Market Amid Early Warning Signs Recent news reports that the Bank of Canada is monitoring “the hot housing market amid warning signs.”  Speaking in Edmonton, Mr. Macklem stated it this way: ““What we get worried about is when we start to see extrapolated expectations, when we start to see people expecting the kind of […]
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