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Canadian Real Estate Market in 2018
Posted on Fri, 31 Aug 2018, 03:10:00 PM  in My services
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Canadian Real Estate Market in 2018

Canadian Real Estate Market in 2018

Overview

The real estate market in Canada last year suffered lower overall sales. In 2018, the market has started at a slow pace. However, toward the end of 2017, the market had flattened out.

 

Current Activity In The Canadian Real Estate Market

In the spring and summer months of last year, activity was down with the numbers of listings increasing. This situation brought small increasing residential pricing for housing. With this situation, the market had moderate increases and flattened out toward the end of 2017. Even though activity and sales of Canadian real estate were booming before 2017, amendments to mortgage regulations have caused a slowing of the Candaisn's real estate market.

With the new amendments to mortgage regulations, all lenders must qualify new loan applicants. Also, those renewing a mortgage or negotiating a new lender must follow these new regulations. As of 2018, all loan applicants are qualified on the mortgage rates which run around 200 points more than previously discounted mortgage rates. These new regulations were voted on and approved in the latter part of last year. These regulations went into effect on January 1, 2018.

 

What Do These New Regulations Mean For The Canadian Real Estate Market

While the earlier boom in real estate sales may be over, the Candian real estate market is in a state of balance. Concerning months of inventory, in the late part of 2017 in housing inventory, the average months of housing inventory were 4.8 months. The number of months of inventory signifies how it could take to liquate actual inventories at the present rate of sales activity. Overall, the current long-time average is 5.2 months. Presently, these numbers represent a balanced market showing the housing inventory is meeting the demand.

 

CREA

The most disappointing outlook comes from The Candian Real Estate Association. CREA is a trade organization that includes over 100,000 of real estate brokers, and agents in Canada. CREA has dramatically lowered its real estate sales project for 2018. CREA's financial analysts feel the stronger mortgage rules and affordability issues in Canda's real estate markets will slow the Canadian real estate market.

CREA has posted a possible decrease of 5.3% in the number of actual home sales. CREA has projected a 1.4% decrease in national average housing prices for this year. This decrease is based off last year's average housing price of $503,400, bring the average housing price for 2018 at 496, 353. If CREA statistics forecast is accurate, this year would be the first year the national housing price has decreased since the worldwide recession in 2008.

 

The Forecast For Buyers

Unfortunately, stricter lending regulations usually indicate possible higher interest rates. For buyers, they will not be able to afford the same home as they could have bought just last year. On average for the new home buyer, their housing budget will have to be reduced from 5% to 25%. On borrowers qualifying for a mortgage with a down payment of less than 20% would see an 18% reduction in the maximum purchase price in the home they could buy.

As a buyer, a mortgage pre-approval is a good idea before you start shopping for your home. For home borrowers having issues qualifying with a traditional lender, a non-prime lender could be a good choice. Non-prime lenders will allow higher debt ratios. However, these lenders charge higher mortgage rates. Some non-prime lenders may charge a lower interest rate but make up for their lost revenue by adding additional fees.

 

Summary

The days of selling a home in a week or two are gone. However, the changes in the market will warrant rapid housing price changes creating a balance stable real estate market in Canada.


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Some Ideas For Affordable Cities In Canada
Posted on Thu, 30 Nov 2017, 09:25:00 AM  in Home buying tips,  My services
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Canada's cities are a mix of affordability. Some are more expensive, while others are less expensive. If you are looking to move from a high-cost city to an affordable one, here are some great suggestions for you to consider. The average Canadian home costs over $440K, but there are places where you can find a bargain in the country if you know where to look. As an interesting side note, the average home value has increased by 9.4% since March 2014.

 

  1. Trois-Rivieres, Quebec

 

This city is part of the French-speaking Quebec province. It's got a wonderfully French/European feel, but more importantly the median home price is only $147,000 for a detached home. According to Desjardins, Trois-Rivieres is the #1 out of 20 for most affordable cities. Joblessness is at a relatively higher rate than the rest of Canada, which is something to remember.

 

  1. Hamilton, Ontario

 

Hamilton is practically a stone's throw away from Upstate New York. However, this province is known for being significantly more affordable than New York City. The median price of a detached home in Hamilton is $350,000 and Hamilton also offers a relatively favorable job market.Some Ideas For Affordable Cities In Canada

 

  1. The Prairies

 

This region of Canada is comparatively low-priced when considering the rest of the country. This part of the country has a solid economy which is based on agriculture, cattle, and sheep. Being in a rural location, this means that The Prairies has plenty of inventory relative to the number of people living there.

 

  1. Thunder Bay

 

This is a small city of just over 100,000 people with plenty of great home prices. It's also a great place to find an income property, being a gateway to the west coast of Canada. Plenty of sectors are booming in Thunder Bay, whether you're looking to work in real estate, accounting, health care, or manufacturing.

 

  1. London, Ontario

 

It's named after the big city in the U.K., but this place is known for having an average home price of $265,370 in 2015. This area currently features an unemployment rate of just 6.9%. London itself is a city which operates as it's own separate municipality.

 

  1. Saguenay, Quebec

 

The economy of this province is based heavily on research and technology. It's also the home to 3 large industrial parks, and has a rapidly-growing biotechnology/genomics industry. The average home price in this province is just $180,693 as of 2015. Even better, the average annual increase in home values has been steady at just 2.6% per year.

 

  1. Charlottetown, Prince Edward Island

 

This province has a population of 34,562 as of 2011, but the average home value is just $163,533 as of 2015. This province has a economy with plenty of government jobs, and has some light manufacturing as well. Chemical companies, biotech companies, and manufacturing companies all call Charlottetown home.

 

Canada is a great place to look if you want to find the right real estate deal as there are opportunities everywhere. Looking for the right home purchase is just a matter of finding the best place to look. Wherever you would like to live, there is a significant chance that you'll be able to find the best home for you and your family.


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Tips for Buying or selling a home in Canada
Posted on Wed, 15 Nov 2017, 09:20:00 AM  in Home buying tips,  Home selling tips,  My services
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Purchasing or selling a house in Canada is a massive undertaking involving the largest financial and lifestyle choices you have ever made. Choosing wisely and procuring a fantastic deal from the present property market in Canada, consider whether it is the right time for you to market, understand what to look for in an open home, know the particulars of negotiating contracts and maintain curiosity about paying your mortgage as quickly as you can. Keep on reading to learn Like many Canadians; it could be tricky to determine whether to sell your house or not. Even in the event that you love your house or condominium, you might have a great reason to sell, particularly if it doesn't satisfy your changing requirements. If one of these characteristics explains your situation, you're most likely ready to proceed. When you've got a job offer in a fantastic place with great possibility for long-term labor, or whether you're prepared to retire and expect for security and reduced maintenance of a retirement area, sell your house makes sense. On the flip side, if the final of those six kids eventually moved out of your seven-room residence, it may be time for you to decrease the size until these decides to split down! Just take some opportunity to assess your financial situation and your individual goals, so it is possible to create a move that's ideal for you. Before you purchase a house in Canada, you wish to understand that the property was well preserved so that you may prevent trouble and hidden costs later on.

Tips for Buying or selling a home in CanadaSome of the most common exemptions at a bidding supply are subject to financing, are subject to review and therefore are subject to purchase. Subject to financing clauses, there isn't much room for discussion. Buyers can't remove this debate clause throughout the bidding / probate procedure unless they may have a lot of funds and don't require a mortgage or require a comparatively small and effortless mortgage. Bear in mind, if the purchaser didn't require a mortgage, then he likely wouldn't have made the deal to fund in the first location.

Notwithstanding the review exemptions are usually contained in a purchaser's offer to purchase a house. As it shouldn't require more than a couple of days to arrange a review, this is a simple negotiating clause. However, since with the funding clause, you may attempt to negotiate a shorter interval to finish the review to speed up things. Unless the sale plan could be negotiated concerning the total amount of time that it provides for your buyers to market your existing home. Any purchaser who already owns a house can probably not afford the price of 2 houses at one moment. Nevertheless, no matter how worried you need to proceed, permit the buyer a fantastic period of time to create a record and market your dwelling. Generally, four or even six months are thought to be fair. Remove the topic of the revenue clause or leave the contract and produce the bid determined. When you get a house in Canada, be sure to understand precisely which items and appliances will be included with your purchase. The following few components of the contract state precisely this, permitting the purchaser and the seller to agree what's going to stay and what is going to occur. If one of these characteristics explains your situation, you're most likely ready to proceed. When you've got a job offer in a fantastic place with great possibility for long-term labor, or whether you're prepared to retire and expect for security and reduced maintenance of a retirement area, sell your house makes sense.


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Choosing A Sales Representative To Meet Your Needs
Posted on Sat, 15 Apr 2017, 01:15:00 PM  in My services
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Are you thinking of buying or selling a house in Canada. It can be a tricky process to go through if you have to do it all on your own. That is why most professionals will recommend that you hire a Sales representative to meet your needs. There are plenty of them around, so do not feel bad about passing a few up if they just don’t feel right to you.

Here are a few things to keep in mind when choosing a sales representative to meet your needs:

 Choosing A Sales Representative To Meet Your Needs

You Have To Trust Them

If you are hiring a sales representative to buy or sell a house for you in today’s market, then it is imperative that you trust them completely. You are literally handing your rights to this person and asking them to make deals that will have a significant impact on you, your family, and anyone else that is involved. If you feel like they are not telling you the truth then you need to move on to an representative that you feel will be completely honest with you. If you feel like your representative just isn’t doing all that they can to help you, then you and your loved ones deserve to move on until you can find a representative that will do just that. You never have to settle for a representative that doesn’t meet your needs and that cannot be trusted. There are plenty out there that will listen to you and earn your trust in all of the ways that you need them to.

 

Don’t Be Afraid To Investigate

You have every right to ask your sales representative about their qualifications, certifications, licenses, and experiences. These professionals should be happy to tell you all about the wonderful things that they have accomplished for families just like yours. Do not be afraid to ask for proof as these representatives should be treating the first meeting or two like an interview. They should have resumes, profiles, and experiences all mapped out for you to view while you are getting to know them. You may also do a bit of research online to find out if they have a valid license that is currently in good standing. You have every right to find out who you will be handing your information to.

 

If You Are Selling, Ask For Their Opinions

If you are selling a house, then you will likely need their opinion on how to do certain things within the house. You are going to want to ask them such things as how much your house is worth, and what you can do to ensure that your house sells quickly. You are going to want to ask them what factors of your house diminish or take away from the price you would like to get for your home. You may even ask what about your house is unique and how to play up the features of your house that you would like to showcase.

 

Ask About Paperwork Upfront

You never want to find yourself in a situation where your sales representative is constantly giving you paperwork to sign that you had no idea existed. A crucial part to getting to know your representative is asking them about paperwork upfront. If these agents are willing to work with you, then they will not be afraid to let you know about all of the signatures that you’re going to have to provide during this process.


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Questions To Ask Your Real Estate Agent When Selling Your Home
Posted on Tue, 15 Nov 2016, 12:55:00 PM  in My services
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So you know you’re selling your home and you know you want it to sell. You want to give yourself the best chance to make a quick sale that is fair for everyone, and so you’ve decided that you want to hire a real estate agent. Great choice!Questions To Ask Your Real Estate Agent When Selling Your Home

Now that you are looking for a real estate agent to sell your beautiful Canadian home, you need to know what questions to ask them. You really want to know who you are working with. So below we have outlined a few questions that you should consider asking your new potential real estate agent.

 

How Many Clients Are You Currently Representing?

There are two things you need to consider for when asking this question. You need to consider whether or not you think this real estate agent is too busy or too free (meaning having very few customers). You also need to consider whether or not you feel your real estate is being upfront and honest with you when they answer this question. If your gut feeling says “move on”, it is probably worth listening to.

 

How Many Homes Have You Sold?

Again, there are two things to consider when asking this question. If they are young and have sold many homes you may want to ask what makes them successful. If they are older and have sold few homes you may wish to consider what reason they have for only having sold a few homes in their career.

 

Are Your Fees Negotiable?

This is a great question to ask because you will find out very quickly which agents are not worth working with. If your potential real estate agent says that they have fees that are non-negotiable, then walk away. If your agent isn’t willing to work with you, even a little bit, there are plenty out other that will. You deserve to have a real estate agent that you can talk to and work with.

 

How Much Money Do You Think My Home Is Worth?

It may seem tempting to stick with the one agent that says your home is worth thousands of dollars more than the other three agents. Don’t be tempted by this statement. This is almost always a bad sign unless you know for sure that they have a rock-solid method of selling your home, or unless you do not want to sell your home quickly. Stick with the real estate agent that has seen a lot of homes similar to yours selling for the price that they are suggesting. You want to make the most of your deal, but sitting on a house for months just because the asking price is too high? That is just plain silly.

 

Are You In Good Standing? Can I See Your Real Estate License?

There are websites that allow you to check to see if your real estate agent is legitimate and if their license is currently in good standing. They should have absolutely no problem providing this information to you for that very reason. If they do not show you their license or give you the information to look up you can assume that they are not in good standing or that they are fraudulent. There are many frauds out there that will assume you are unknowing and steal money from you. They will provide you with nothing, or come up with documentation that is completely inaccurate or fake. If you ask no other questions, please ask this one.


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Save Energy and Money In Your New Home
Posted on Fri, 30 Sep 2016, 12:45:00 PM  in My services
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Moving into your new home can be very costly when you add in the supplies, moving company and gas money. You may find yourself looking for ways to save money after your big move. Conserving energy is a great way to save money after moving into your new home. It also allows you to start over in a healthier environment. Use the following tips to save energy in your new home.

Adjust The Thermostat

Turn your thermostat up in the summer and down in the winter. You can always find other ways to cool or heat your home in extreme weather. A programmable thermostat allows you to keep the temperature adjusted when you are not home. You may be surprised at how much money you can save with this method.

lights-energyTrap The Air Inside

You should always keep the doors and windows closed when you are using the heat or air conditioner. It is also recommended to check and seal any gaps. You may find yourself turning the heat or air conditioner up if there are any leaks in your home.

Cover The Windows

Keep the cold air out of your home by closing the blinds at night during the winter season. Leaving the blinds open during the day allows you to warm up your home without turning up the thermostat. During the summer season, close the blinds to keep the sunlight from warming up your home.

Switch to LED Light Bulbs

LED light bulbs use 75 percent less energy than standard light bulbs. The best part is the LED bulbs are bright enough to provide ample lighting.

Unplug Your Electronics

It is no secret that turning off the electronics you are not using can save energy. However, keeping them plugged in may still use energy because there is still power flowing into the device. You can save more energy by turning off and unplugging the electronics. One idea is to invest in a power strip that is designed to stop the power from flowing once you turn the device off.

Trade In Your Desktop For A Laptop

A laptop uses less energy than your desktop, and it is easier to unplug a laptop when you are done using it.

Use Energy Efficient Appliances

Investing in energy efficient appliances is a great way to save energy around the clock. The appliances are designed to perform without using a lot of energy.

Eco-Friendly Laundry Method

You can save up to 40 cents per load by washing your clothes in cold water. If you have the time, hang your laundry on a clothesline instead of placing them in the dryer.

Reduce Your Shower Time

You can conserve water and save up to $15 per year if you cut your shower time by at least a minute. You can save up to $100 per year by cutting your shower down to five minutes.

Fix The Faucet

Do not wait too long to fix the leaky faucet in your bathroom or kitchen. A leaky faucet consumes a lot of water and raises your utility bill over time.

Keep It Clean

Dust can cause your furnace filter, vents, air conditioner, appliances and even your light fixtures not to work properly. This means they are going to use more energy to do their job. It is recommended to check and clean these items regularly.

It is easy to save energy in your new home. All you have to do is keep your home clean, seal up the leaks and make several changes. You can lower your utility bills and create a healthy environment in your new home.


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New Trend In Home Design: Pendant Lights, Warm Metals, And LED Lights
Posted on Thu, 15 Sep 2016, 12:40:00 PM  in My services
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New trends in lighting are popping up everywhere. Warm metals, pendant lights, and energy efficient LED lights can be found dangling high above kitchen countertops, entryway ceilings, above bedside tables, and in bathrooms everywhere. These trends can match all tastes, styles, and can work with virtually any decor.

led-lightsDeciding What Works For Your New Home

Whether you are moving into a new home, renovating, or selling your current home, it is always the perfect time to start thinking about your home's decorative style. When you picture a perfect kitchen, living room, bedroom or bathroom, what comes to mind?

Likely, you pictured your home's ideal furniture, paint colors, and flooring. Did you think about the lighting? Lighting is one of the most effective ways to shape the look and feel of your home's style. The lighting is an essential part of dictating your room's mood and feel.

Deciding the lighting that you will use in your home can be difficult as you will be faced with many options. However, there are a few key factors to consider: the availability of natural light, the signature style, the function and the color of the room. You should always keep in mind these key factors when deciding your home's lighting.

LED Lighting

Modern homes are thinking in terms of eco-friendly design and LED lighting is playing a huge part in this transformation. LED lights are more efficient, help save the environment, and help save money. Not only are LED lights better for the environment and your wallet, but they can also be a very attractive lighting option. The flexible choice in lighting can be used in modern fixtures as well as new sleek designs. Newer LED lights come in a variety of color temperatures and work with the needs and styles of an array of homes.

Warm Metals

Warm metal is being used in home design in a big way. Warm metal accents are everywhere and it is no surprise. The classic look of warm metal brings elegance and style to any space. The trend can be used to add a touch of glamor when dressing up a room. Fixtures, door handles, and even lighting are easy ways to introduce the latest trend. Look for brass, copper, and even gold. For a modern take on warm metal, consider a brushed metal surface as it can modernize the look. No matter which style you choose, the use of warm metals will reflect a light and even "glow" when used in tandem with the right color palette.

Pendant Lighting

Pendant lighting can be found in the pages of home decor magazines, blogs, and Pinterest boards. The perfect lighting solution can be implemented matching the style of virtually every home. It can be purchased in white, black, gold, copper, wrought iron, or glass and can act as an accent piece when used in the right way. If you are redecorating, redefining, or renovating your home and its style, then considers replacing some of your home's current lighting with a pendant light. A pendant light is an easy and affordable way to modernize your home's interior space.

Pendants are a big trend and can be used in combinations, hung at different heights, or in unexpected places. These modern fixtures are a great way to add that surprising something that makes your home unique.

For a modern and unique take on pendant lighting, consider adding pendants to your entryway strung at varying heights, or using big bowl pendants in unique colors above your kitchen counters, or the addition of matching pendants hung low over your bedside table.


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Buying a Home? How to Find the Right Community
Posted on Tue, 30 Aug 2016, 11:25:00 AM  in Home buying tips,  Marketing strategies,  My services
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Are you thinking of buying a new home? If so, it is important to understand that the neighborhood that you choose can be just as important as the house that you buy. After all, you will likely be living in that neighborhood for many years to come. The last thing that you want is to buy in a neighborhood that is not a good fit for you or your family.

So, how can you find the right community? The key is to figure out what you're looking for, do research and find a neighborhood that meets your needs. Even if you have already found the perfect home, you should fully investigate the neighborhood before making an offer. Here are some things to think about when researching a neighborhood.

Do You Want to Live in the City or the Suburbs?

communityDeciding what type of setting that you prefer is one of the most important things to consider when buying a home. Do you love skyscrapers and cityscapes? Do you want to be able to walk to shops, restaurants and parks? If so, the city might be for you. One the other hand, if you are more at home living someplace quieter where you can take advantage of nature’s wonderful views then moving just outside of town might be ideal. Some folks prefer rural areas where there are no nearby neighbors.

What Type of Home Do You Want?

Would you prefer a single-family home or a condo? Typically, location is the deciding factor. If you want to be located in the middle of the city, you will likely find that condos are more plentiful. Typically, large single family homes are not as common in the city.

Is the Neighborhood Attractive?

Are residents maintaining their homes? Do the yards look like they are being kept up? If so, this is good news. An attractive neighborhood means that the residents care about it. A neighborhood that is attractive will help home prices in the area stay strong. On the other hand, lots of vacant homes or foreclosures in a neighborhood is a bad sign. They often become eyesores as they deteriorate from neglect. These properties can significantly diminish property values in a neighborhood. Be wary of any neighborhood that has a lot of these properties.

Do You Have Children?

If you have children, one of your priorities might be choosing a neighborhood in a good school system. Another factor for parents might be the number of nearby community centers, libraries, pools and parks.

What are Your Interests?

Do you like hiking, boating, and swimming? Many of today’s communities offer a number of amenities to support almost any interest or hobby. Do you want to be able to hike near your home? Maybe you are an avid tennis fan and want neighborhood courts. Whatever your interest, find out if your neighborhood has offers things that you are interested in.

Is the Neighborhood Safe?

Even a neighborhood that looks nice can have a crime problem. Often, a neighborhood’s crime statistics can be found online. Check out the local police department website to determine if they publish crime statistics information online. Do not forget to look up registered sex offenders in the area. You can get this information by searching the National Sex Offender Registry. This is especially important if you have young children. You do not want to purchase a home only to find out that a violent sex offender lives next door.


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Top Benefits of Home Inspections for Buyers and Sellers
Posted on Mon, 15 Aug 2016, 11:15:00 AM  in My services
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Many sellers forego a home inspection and find themselves going through a lot of hassles during the negotiation process with a potential buyer. Being caught up with excitement during the buying process prevents most buyers from asking for an inspection. However, regardless if you are selling your home or placing the property on the market, having an inspection done provides you with many benefits.

Exposed Issues

inspectionsFor buyers, there are many issues that go unnoticed by an inexperienced eye; however, an inspection will expose those problems. This includes anything from bad wiring to plumbing issues. When you choose to work with an inspector, she can assess major defects, potential threats, and safety concerns. In addition to finding the issues, the inspector can give you suggestions on how to fix those things. Buyers and sellers do not want to deal with code violations, which are things that an inspector can identify on the property. Finding the problems beyond the drywall is something that inspectors can do without actually ripping the walls apart, regardless of how subtle the signs are.

Accurate Estimates

Having a home inspection helps determine what needs to be fixed and the cost of those repairs. It is best for sellers to have a presale home inspection completed in order to determine if the issues are major or minor. For example, if the inspector reports that the roof is cracked or missing shingles, a buyer may believe the work will cost thousands of dollars. However, as a seller you can have a roofer come out and learn that it is just a matter of replacing a few shingles or tiles, which will cost you a few hundred dollars.

Presale home inspections help sellers fix an issue before the buyer learns about the problem and jumps to the wrong conclusion. You do not want to lose a potential buyer over a minor issue.

Peace of Mind

Purchasing a home is a big step for buyers, which is why they want to know exactly what they are getting before making this huge commitment. Although there are no perfect homes, a presale home inspection will provide buyers with a thorough report on the property before they decide to make a purchase. The inspection is assurance that the seller has taken the issues into consideration when determining the asking price. The more a buyer knows about the property, the less shocked he will be when he encounters issues in the future. In instances when the repairs are too extensive, buyers will have the option to opt-out of the contract. The home inspector could also advise the buyer on what type of maintenance he can do to avoid additional repairs.

Marketing Tool for Sellers

You will have an edge over other sellers in the community when you have a home inspection performed. Giving this full disclosure to potential buyers is a sign of good faith. The findings in the report also give you the opportunity to make repairs ahead of time, which expedites the sale of your property. The presale home inspection could increase your home’s marketability. Any repairs that you fix prior to selling the home could help justify your asking price. Having the inspection done allows you to fix the issues at your own pace, and according to your own budget. When you make the repairs ahead of time you do not have to worry about getting hit with everything at once during the negotiation process. These upgrades and repairs will add more value to your home.

Buyers and sellers are generally turned off by home inspections due to costs; however, having the inspection done can save both parties time and money in the long-run.


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Projected Changes to the Canadian Real Estate Market for the Second Half of 2016
Posted on Sat, 30 Jul 2016, 12:55:00 PM  in My services
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The Canadian Real Estate market is changing rapidly and taking a new direction. The aging population, mixed with the need for space, construction and technology is creating new opportunities for the growing real estate market. Here are the top ten trends taking over in 2016.

Cautious Investors

The Canadian real estate market is expecting to see the majority of market activity and move from the west portion of the country toward the east. They also expect to see a lot less risky investments. The investments being made in 2016 will most likely focus on sound investments and future financial return.

canadian-marketA Smaller Number of Available Properties in the Top Tier

There the last decade, top tier properties have been the main focus of investors. Unfortunately, investment buyers like pension funds and real estate investment trusts are making their money and power obvious. Since they are purchasing a great deal of top tier properties, buyers to operate on a smaller scale have been forced to focus on properties that cost less, and require significant renovations if they plan to see a return in their investment.

Changing The Way Office Leasing Is Handled

Investors are becoming all too aware of the shortfalls and nonindustrial real estate properties. Because of this, many investors are focusing on properties they already own in an effort to increase their property value. Because of these two changes, the way leasing is handled has changed quite a bit. Office spaces are being split into multiple units, and the average lease has increased in length. These changes have forced businesses to provide less space for each of their employees, and also provide less amenities for them as well.

US Dollar Provides Optimism

With the economic conditions in China in Europe being extremely uncertain, many firms are looking to the United States in an effort to boost investments. Even though the United States has not fully recovered from the recession, and their economic status has not been extremely strong, the U.S. dollar is currently worth more than a Canadian dollar. Since major companies in the United States are looking to make investments in other countries, the Canadian real estate market could definitely reap the benefits in 2016.

Lower Oil Prices Provide Influence

Many of well-known economists in Canada have confirmed that oil prices are one of the major factors in how the housing market will play out for the remainder of 2016. In many major cities, the market for large house is has become rather stagnant. With a projected drop in oil prices around the middle of the year, we may see a great deal of growth and a less expensive, suburban areas.

Since there will be less money invested in gasoline, and heating sources, more people will be able to spend money and department stores and other retail locations. This could definitely increase the focus on commercial, and industrial properties

Foreign Investors Making their Way to Canada’s Real Estate Market

Canada has always been known as a safe investment area for the rest of the world. With the economic struggles that many countries are facing, more and more companies are looking for a safe place to invest. Surprisingly, the lower value of a Canadian dollar adds to the appeal when it comes to investing. It is projected that Canada will see a spike in foreign investment flowing in from numerous countries. Because of the diversity in markets looking to invest in real estate, it is expected that a number of markets will see a boost, including residential, business, industrial, farmland, and development land.

Housing Becomes More Affordable

One of the driving forces in the Canadian Federal election is housing affordability. Because of the focus aimed at it, many investors are watching to see when this push will turn into a trend. There are currently in number of factors driving up housing costs, and every area is being affected by different factor. However, it is thought that with the nationwide push to change the affordability of housing, development applications and construction will soon increase dramatically.

More Renters Entering the Market

With the lack of housing affordability being a major concern, many people are turning to the rental market instead of purchasing him. This change has created a new demographic of people that economists are referring to as “permanent renters.” While this may not sound like a positive for those looking to sell properties, it is definitely a refreshing change for investors who are looking to expand their rental business.

Buyers Seeking Homes in the Suburbs

Many areas in Canada are urbanizing. Even though this trend is taking off with some people, the suburbs are going stronger than ever. Urban areas that have seen home prices reach new heights. This is caused any people to look for rentals, and those who choose to own homes are retreating to the suburbs. With the recent improvements in in public transportation, it is taught that more and more people will seek housing in suburban areas.

Technology Becomes a Disruption

With the online world becoming larger by the day, commercial real estate markets are seeing a major change. There has been a larger number of businesses looking for storage locations than businesses looking for storefronts. Their purpose in storing their inventories is for online stores. Online shopping has taken off dramatically over the last several years, which has increased the demand for construction, and a lot of commercial properties empty.


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