The Canadian housing market is already in the news, thanks to the recent collaboration of Vancouver residents to form the #DontHave1Million campaign that went viral. This Twitter campaign was in response to the recent reports that the average home in Vancouver will set you back $1.27 million, which is more than double the average price of a home throughout the rest of the Canadian market. And, at the rate things are going, this trend shows no sign of slowing down. With this in mind, let’s see the other nine trends in the Canadian housing market to keep in mind in 2017. More Foreign Investors In addition to the booming Vancouver market, the booming market in Toronto is such that, while it may not be affordable for the average buyers, it’s certainly affordable for foreign investors. Housing Shortages. Similar to the housing bust in the United States in 2008, the housing bust in Canada came as a result of predatory mortgage practices. Thus, there are more people that want to buy houses than there are houses available. Some Areas in Canada Are Experiencing a Boom — Especially Ottawa! Yes, Toronto and Vancouver are ridiculously expensive, but many other areas of Canada have seen a price decrease over the past year, and this trend will continue into 2017. In addition, Ottawa is experiencing a record high in terms of growth — almost 2000 sales of homes & condos took place in the month of June alone, and the number of sales promise to steadily increase into 2017. Downsizing As the so-called baby boomers move toward retirement, they’re no longer interested in owning huge homes with sizable mortgages. Therefore, they’re more likely to sell their family home and rent a small apartment or townhouse. City Exodus The combination of the housing shortage and the staggeringly high prices means that people are moving out of the city and into the suburbs. Senior or Assisted Living Housing There will be an increased demand in assisted living housing as baby boomers retire. Banks Will Be Less Likely to Lend Money After the mortgage crisis of 2008, banks are less likely to give loans, even to seemingly well-qualified applicants. Like what you see? Subscribe to our Blog. [/mp_row_inn] The post Housing Trends We are Seeing in the Canadian Real Estate Market appeared first on Team Realty. Source: Blog
Archives for Ottawa
Looking for tips in Design and Real Estate enjoy my article in Oh My That’s Haute Emagazine for the April/May issue with the collaboration of many wonderful writers https://issuu.com/ohmythatshaute/docs/_oh_my-_that_s_haute__april-may_201/1?e=22438994/34755780
Moving soon? What to do? How to do it? Here are a few packing tips to help in my article from the magazine Power2DoIt – Just click on the link below for more! Packing Tips for a clever move
Did you know a Realtor can help you find a rental property? In most cases at no cost to you! Read my article in Power2doit to know more or contact me to discuss your options 613-612-HOME (4663) – Click on the link below for the article! Realtors can help you find a rental property, really?
Buying a home that is not your forever home but perfect for now! Read my article in Power2DoIt by clicking on the link below for some valuable tips on how to proceed for a profitable investment. Buying a Home and Planning on Moving Sooner than Later
Relocating to a new area, moving to a different province or country, take a moment to read my article in “Power 2 Do It” E-magazine by following this link below http://www.power2doit.com/2015/10/01/relocating-tips/
Feel good day today, I joined a great group of ladies this morning who worked hard at delivering purses and bags full of basic necessities to establishments helping women in needs, you can do it too any time you want just ask me how. It is fun and so helpful…
Wishing you all a wonderful Thanksgiving weekend Have a relax time, enjoy the great company and treat yourself to yummy food!
Rented property to returning clients It is always a pleasure to work with the same families again, fantastic feeling to be trusted, thank you very much to my clients and congratulations on renting your new home, wishing you a smooth transition!
Pumpkins delivery to my clients and families who referred me, thank you so much for your trust, I truly appreciate it, lots of them to go will take a few days!
Real Estate Referrals and Relocation Services between Canadian Provinces and International Countries!
Relocations in Real Estate are quite frequent and families are often in need of someone they can trust to assist in their new adventure. I have personally lived this experience 4 times and understand the needs and challenges revolving around this transition. If you are in the Military, Retail, Government or any field leading you to Ottawa, I would be privileged to assist with your Real Estate needs in this life changing experience. I am honoured to collaborate with Realtors with referrals in order to offer personalised attention to their clients. I have the pleasure to provide services in English and French. If a relocation is in your future, I would gladly inform you on some of the beauty and benefits this region has to offer and guide you towards a gentle transition to or from Ottawa.
Half Moon Bay property in Barrhaven just SOLD, Congratulations to the seller, I am very happy for you – such a nice experience to work with you! All the best in your new life!
Services in… English If you are looking to buy, sell, rent, find a tenant, relocate, invest or get informed in Real Estate. Contact me for a personalised service 613-612-HOME (4663) and French Si vous etes a la recherche d’une maison ou si vous voulez vendre, louer, trouver un locataire, si vous devez etre re-localiser pour votre emploi ou si vous etes un investeur en immobilier. Contactez moi pour un service personalisé 613-612-HOME (4663)
Tips when you are moving with your furry or non furry friends Follow the link below for my latest article in Power 2 Do It about moving with pets, enjoy! http://www.power2doit.com/2015/09/01/moving-with-pets/
I am very proud to contribute and be part of such an elite team. Follow this link to read all the fabulous articles in the new Emagazine “Oh My: That’s haute” http://ohmythatshaute.com/2016/01/15/oh-my-thats-haute-january-2016-2/
Wishing you a fantastic year 2016 filled with health, happiness & tons of success! Je vous souhaite une année fantastique remplie de santé, joie et succes!
Real Estate & Home Staging – Follow the link below for my article in Power 2 do it about Real Estate & Home Staging a winning partnership http://www.power2doit.com/…/real-estate-home-staging-a-win…/
Tip of the day: Are you moving? Here is a great way to pack your wine glasses or tall fragile objects. Obtain empty wine boxes at the liquor store with dividers and slide the glasses in the box instead of the wine bottles, no tissue or wrapping required safe easy and voila moving in style!