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Category Archives: Housing News

Housing Measures Announced in 2023 Fall Economic Statement

Housing Measures Announced in 2023 Fall Economic Statement
The Canadian Real Estate Association (CREA) is encouraged by the unprecedented emphasis on housing in the 2023 Fall Economic Statement, which announced several measures aimed at enhancing existing housing programs, as well as the government’s commitment to increasing housing supply across the entire housing continuum, through various new programs. On Tuesday, November 21, Deputy Prime…
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August 2023 Real Estate Market Report: Trends and Predictions

August 2023 Real Estate Market Report: Trends and Predictions
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.…
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2023 Spotlight on Luxury Home Sales

2023 Spotlight on Luxury Home Sales
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…
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Warbler Place Urban Village Opens Sales Office at the Seaway Mall

Warbler Place Urban Village Opens Sales Office at the Seaway Mall
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…
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Market Trending Towards Balanced Conditions

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…
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Meaning of Home writing contest is back!

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…
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Interest Rate Holding Steady at 0.25%: Bank of Canada

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…
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Niagara Real Estate Report: May 2021

Niagara Real Estate Report: May 2021
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…
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Will the Ontario Real Estate Market Crash Soon?

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…
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The Niagara Real Estate Trends You Need to See

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…
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Housing Market Outlook (Fall 2020)

Housing Market Outlook (Fall 2020)
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…
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TUESDAY NEWS DAY: Calculating Months of Supply

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…
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What does home mean to you?

What does home mean to you?
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…
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Five Ways to Feel at Home Fast

Five Ways to Feel at Home Fast
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…
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What You Should Know about the Fall Real Estate Market

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…
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Niagara Realtors Launch Niagara Open House Portal

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…
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Niagara Economic Development Releases Economic Update

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…
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Niagara Region launches comprehensive review of housing landscape

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

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…
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The Biggest Mistake a Seller Makes

The Biggest Mistake a Seller Makes
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…
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Re/Max Named Canada’s Most Trusted Brand in Real Estate

Re/Max Named Canada’s Most Trusted Brand in Real Estate
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…
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Being Remax – our Brand Identity

Being Remax – our Brand Identity
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…
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Vacant Unit and Vacant/Excess Land Subclasses Public Engagement Forum

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.…
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Longevity Aboded – How Living Longer Impacts our Housing Industry

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…
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