Real Estate Market

CREA To Launch Open Bidding Program

The Canadian Real Estate Association(CREA) has announced that it’s starting a pilot program that will allow the public to see real-time offers as they are registered on properties via REALTOR.CA. The details regarding the launch of this program are still vague as they are still completing their due diligence on determining the appropriate place or places to launch.   CREA’s Chief Executive...

What Impact Will Increased Interest Rates Have on the Hamilton-Burlington Detached Housing Market?

On Wednesday March 9th the Bank of Canada announced that it was raising its key overnight lending rate by a quarter of a percentage to 0.5%, as it attempts to fight inflation caused by the COVID-19 pandemic. Homeowners with a variable rate mortgage will immediately feel the effects of the higher rates on their monthly payments, but what does this means for the current detached real estate...

Omicron slows real estate inventory, while increasing prices

The pros and cons of the 4th wave Pros In the face of uncertainty, it’s challenging for policymakers to raise interest rates. Omicron may cause a push back on the plans to increase rates early in 2022 and money will remain cheaper for longer.With restrictions imposed on travelling and entertainment, people will have more available money sitting in the bank, hopefully increasing their saving...

First Time Home Buyer: 5 Important Steps To Consider

Investing in your first home is one of the most important decisions you’ll ever make. Your home is where life unfolds and memories are made, all while building a financial foundation for your future. While buying a home can be challenging for a first time home buyer, there are some great advantages created to encourage newcomers into the real estate market. Here are 5 important steps to consider as a...

Hamilton’s Real Estate Market Is “Steeling” Hearts

Commonly referred to as “Steel City” or “The Hammer”, Hamilton has been historically known as a blue-collar city with a gritty reputation, but there is SO much to love about the city with many nicknames! The Hamilton housing market has become a popular option for homeowners seeking both more space and the ability to stretch their dollars further. Between its natural beauty and the excitement that...

Housing Platforms in the Federal Election

With the federal election on September 20th quickly approaching, the Canadian housing market has become a highlighted issue among the campaigning political parties. Here is a short breakdown of what each major political party is promising to do about it: The Liberal Party The strategy for this party includes commitments to new government funding to support homeownership, a plan to build more homes...

4 Great Reasons to Sell Your Home This Fall Season

It goes without saying that the spring is a great time to sell a house. The weather is warming up, things are blooming, and many home hunters are in the mood to shop around. That being said, there are some significant advantages that come with listing your home in the fall. With the arrival of September, we encourage Sellers to take a look at what the fall real estate market has to offer. Here are 4...

When is the market going to “CRASH”!?

2020 and 2021… unprecedented years with a unique set of circumstances that have drastically impacted almost every part our lives. The real estate market has been no exception and has seen some surprising developments for many professional forecasters. Are you wondering how this global pandemic continues to impact the housing market today? And how it will impact our future market? The housing market...

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