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Canada is on Track to have a Strong Fall Housing Market

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Restraining with seasonal patterns, Canada is on track to have a strong fall real estate market, with activity poised to remain steady and typical sale prices set to increase even more by the end of 2021. High real estate costs, driven by low supply and high demand, have created difficult conditions for lots of homebuyers across Canada, especially in Toronto and Vancouver. However, this has likewise produced favourable conditions for sellers in most significant markets, according to a new fall real estate outlook from RE/MAX. According to the report, the average list price for all home key ins Canada might increase by 5% in between now till completion of the year-- driven by the sale of single-detached houses. This real estate sector has already experienced the most significant cost gains when comparing 2021 to 2020, increasing in between 6.8 and 27.3% throughout 26 housing markets surveyed in the report-- a trend expected to continue well into the fall, moved by strong demand by you...
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“Marry the house, date the rate.” You can always refinance when rates go down and leverage your negotiation power in this buyers’ market.” * Here are the top reasons to purchase a home now: - Hedge against inflation. By renting instead of buying, you risk potentially paying more for housing every year instead of keeping your payments stable for a few years when you purchase a home. - One important thing to remember is that when you make your monthly or bi-weekly mortgage payments, a portion of your payment pays down the loan’s principal. In other words, you are building your EQUITY. When you are renting, you are helping the landlord build their equity. - Historically, housing prices trend upwards. Therefore, you will realize an increased value in your home and build long-term appreciation for you and your family. - I’m happy to meet virtually or in-person to discuss your real estate needs. I can set you up to receive listings that suit your requirements and locations. P...
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