Category Archives: Housing News

The inaugural 2024 Growing Niagara Housing Symposium, hosted by the Niagara Association of Realtors (NAR), was a constructive step in the ongoing effort to address housing challenges across the Niagara Region. With a strong turnout from elected officials, municipal planners, administrative staff, and REALTORS®, the Symposium provided a collaborative platform to discuss issues related to…

Welcome to our latest TeamBB Real Estate Market Report, where we delve into the latest data, trends, and predictions for our local housing market. Residential Home Sales Surge In August 2023, residential home sales in Niagara saw a significant jump, with a total of 523 units sold compared to 457 units sold in August 2022.…

Luxury sales expected to climb in second quarter as pent up demand buoys real estate activity Inventory takes the spotlight once again, as available homes listed for sale fall below tight pandemic levels in key markets Growing demand for residential properties has trickled into the upper-end of the Canadian real estate market, with luxury sales…

Celebrating their new development as the reverse of ‘They paved paradise and put up a parking lot’ Elevate Living Niagara hosted a Grand Opening of their sales office (Off Centre Court) in the Seaway Mall on Saturday September 17, 2022. The new housing project will re-develop the back parking lot at the Seaway Mall into…

What is the Bank of Canada’s current policy interest rate? When does the Bank of Canada announce its overnight rate? When is the next announcement? What factors did Bank of Canada consider in its latest decision Bank of Canada’s Overnight Interest Rate The Bank of Canada announced that it will continue to hold its key…

It might be hard to believe, considering how the province is suffering through the worst public health crisis in its history, but the Ontario real estate market is booming. From the major urban centres of Toronto and Ottawa, to the rural communities of Renfrew County and Prince Edward County, close to every housing market in Ontario has…

The term "months of supply" in real estate tells us the time it would take for all the current inventory to sell, if it all sold, at the current rate without new inventory coming on the market. How do we calculate the months of supply? Months of supply is the number of houses currently for…

Niagara Economic Development has released its annual report that provides an overview of the overall performance of Niagara’s economy. The details of this report are presented strictly at a macroeconomic scale. A few key points of the report include: From 2015 to 2018, nominal GDP in Niagara increased by $1.5 billion or 9.4%. Ontario’s GDP grew by…

As we approach the start of the Spring Market we are excited to have a new statistics analysis tool, 'MLS® HPI', now available to us here in Niagara. Developed using data from the Multiple Listing Service®, the MLS® Home Price Index (or MLS® HPI for short) allows you to see trends in home prices for…

The number one mistake sellers make when listing a home for sale: They overprice it. While you may think you can always lower the asking price if it doesn't sell, you'll actually miss out on buyers, lose opportunities to draw foot traffic, and risk sitting on the market for too long. The easiest fix: Price…

RE/MAX has been named Canada’s #1 most reputable brand in real estate, and ranked #69 overall out of the top 100 companies Canadians admire most. The 2017 study conducted by Leger and National looks at the brand reputations of 234 companies in the country. Only companies with presence in all Canadian regions were considered. The…