Category Archive for "Housing News" | Team Berkhout Bosse RE/MAX Niagara Realty Ltd

Market Trending Towards Balanced Conditions

With inventory levels slowly inching up we are now seeing the average price beginning to stabilize. The number of homes sold through the MLS® System of the Niagara Association of REALTORS® (NAR) totaled 802 units in April 2022. This was a decline of 32% from April 2021. Despite the monthly pullback, it is important to…

Meaning of Home writing contest is back!

The Meaning of Home contest is back for its 15th year on January 3rd! The contest invites students in grades 4, 5, and 6 to submit a poem or essay explaining what home means to them. The Meaning of Home contest, in support of Habitat for Humanity Canada, is a great opportunity for students to…

Interest Rate Holding Steady at 0.25%: Bank of Canada

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…

Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totalled 941 units in May 2021, compared to 483 units in May 2020 and slightly fewer than the 1,082 reported in April 2021. In May, Niagara Association of REALTORS® listed 1,246 residential properties compared to 772 in May 2020…

Will the Ontario Real Estate Market Crash Soon?

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 Niagara Real Estate Trends You Need to See

How could the Niagara real estate market be better off today than it was a year ago? It’s just one more thing to add to the growing list of unprecedented phenomena dotting the 2020 timeline. The Canadian economy may be feeling the sting of pandemic-related business closures and job loses, but the housing sector is…

Canadian housing market expected to remain active for the remainder of 2020 due to pent-up demand and low inventory levels, say RE/MAX brokers and agents Canadians showing more interest in suburban and rural homes for sale, as work and life dynamics shift Canadian housing prices anticipated to increase by 4.6% in the third and fourth…

TUESDAY NEWS DAY: Calculating Months of Supply

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…

JUST SOLD: 87 Abbott St., Fonthill – Current State of the Real Estate Market

We are happy to report the successful (FULL PRICE) sale of 87 Abbott St., Fonthill on Friday April 4th, 2020. (Listed March 8th, 2020 prior to the March 17th, 2020 declaration of a State of Emergency in the Province of Ontario) We have received many questions from community members about the current state of the…

National Writing Contest For Grades 4, 5 And 6 January 6 to February 21, 2020 Grades 4, 5 and 6 students across Canada are invited to submit a poem or essay explaining what home means to them. It’s a great way for students to engage in an interactive and fun way, and it teaches youth…

The buying process is over, and the moving truck has delivered your household goods to your new property. Now it’s time to unpack and turn your new house into a home. Here are five tips to get you through the labour-intensive process a little easier: Divide the work You have friends and family who are…

What You Should Know about the Fall Real Estate Market

The decision on whether to buy or sell a home this Fall has become mired by more than the typical uncertainties that come with a transaction of this magnitude. Housing affordability, interest rates and the mortgage stress test were big newsmakers in 2018 and 2019, and are continuing to make headlines during this Fall's federal…

Niagara Realtors Launch Niagara Open House Portal

Check it out! niagaraopenhouses.ca This newly launched site created by the Niagara Association of Realtors provides an interactive map and a simple search bar that allows users to search for upcoming Open Houses by city, price range, home features and/or MLS® number. Selecting a property opens a new window and contains full details about the…

Niagara Economic Development Releases Economic Update

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…

Niagara Region launches comprehensive review of housing landscape

Niagara Region has embarked on a comprehensive analysis of its housing landscape. This study will help forecast the need for future housing stock and inform strategies that improve access to adequate, suitable and affordable accommodations for residents of Niagara. Called the Niagara Housing Statement, this groundbreaking work establishes a data informed basis for analyzing housing…

NEW! Using MLS® Home Price Index to Predict Your Home’s Value

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…

A brand is more than a name, a logo or a collection of products and services. It’s how people think and feel about an organization as a whole, and it’s the essence of what makes a business unique. A strong brand tells an organization’s story in a unified voice through advertising, on the web, in…

Vacant Unit and Vacant/Excess Land Subclasses Public Engagement Forum

Niagara Region is holding a public engagement forum on May 15th, 2018 at 5:30pm to discuss and recieve feedback on changes being made to the Vacant Unit and Vacant/Excess Land Subclasses Rebate. Since 1998, the Vacant Unit Rebate and Vacant/Excess Land Subclasses have provided tax rebates/reductions to property owners who have vacancies in commercial and industrial buildings or land.…

Longevity Aboded – How Living Longer Impacts our Housing Industry

Pondering the concepts I learned this week at the 1st Meeting of the newly launched 'Business of AGEING Network Niagara' (BANN)- co-project of Ageworks and Niagara College Canada. Our Keynote Speaker: Mark Venning of Change Rangers gave us an eye opening crash course on the opportunities inherent in the LONGEVITY ECONOMY. www.changerangers.com "Age is often…

A recent RE/MAX survey conducted by Leger found more than one in four Canadian homebuyers report feeling pinched by the stress test, which came into effect in January of this year. However, projections for the spring market show optimism with most markets expected to remain stable or improve. The average residential sale price in the…

NWPB Releases the Results of Niagara’s 2018 Employer One Survey

Throughout the early months of 2018, Niagara Workforce Planning Board (NWPB) conducted the Employer One Survey, and as of April 11, 2018, the results are now publicly available. The Employer One Survey is an annual labour market survey for employers throughout the region, intended to gather their perspectives on the state of the local labour…

As we draw closer to the Spring real estate market (it really is just around the corner!) we're encouraged to see that although unit sales numbers are down average prices across Niagara are holding strong. The Niagara Association of REALTORS® (NAR) reported 371 property sales processed through the NAR Multiple Listing Service (MLS®) system in…

Yesterday, (April 20th, 2017) Ontario Premier Kathleen Wynne announced more information regarding the efforts to cool the housing market in Southern Ontario. Some of the key details to be aware of include: 15 per cent tax on property purchases by foreign buyers. This tax is aimed at targeting speculators and excludes foreigners who buy properties…

Category Archives: Housing News

Market Trending Towards Balanced Conditions

Meaning of Home writing contest is back!

Interest Rate Holding Steady at 0.25%: Bank of Canada

Niagara Real Estate Report: May 2021

Will the Ontario Real Estate Market Crash Soon?

The Niagara Real Estate Trends You Need to See

Housing Market Outlook (Fall 2020)

TUESDAY NEWS DAY: Calculating Months of Supply

JUST SOLD: 87 Abbott St., Fonthill – Current State of the Real Estate Market

What does home mean to you?

Five Ways to Feel at Home Fast

What You Should Know about the Fall Real Estate Market

Niagara Realtors Launch Niagara Open House Portal

Niagara Economic Development Releases Economic Update

Niagara Region launches comprehensive review of housing landscape

NEW! Using MLS® Home Price Index to Predict Your Home’s Value

The Biggest Mistake a Seller Makes

Re/Max Named Canada’s Most Trusted Brand in Real Estate

Being Remax – our Brand Identity

Vacant Unit and Vacant/Excess Land Subclasses Public Engagement Forum

Longevity Aboded – How Living Longer Impacts our Housing Industry

RE/MAX 2018 Spring Market Trends Report

NWPB Releases the Results of Niagara’s 2018 Employer One Survey

January Market Update

Ontario Announces ‘Fair Housing Plan’

Contact

Recent Posts