Tag Archive for "Housing Market" | Team Berkhout Bosse RE/MAX Niagara Realty Ltd

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…

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…

Home sales have continued to be strong throughout July

Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totalled 715 units in July 2019. This was an increase of 21.6 per cent from July 2018 and an increase of 1.9 per cent from June 2019. The dollar value of all home sales in July 2019 was $320.4…

Niagara June Market Report

Residential home sales activity recorded through the MLS® system for The Niagara Association of REALTORS® (NAR) totaled 702 units in June 2019. This was an increase of 4.8 per cent from June 2018 and a decrease of 5.3 per cent from May 2019. On a year-to-date basis, a total of 3,673 homes have sold over…

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…

Cannabis Legalization and Real Estate Disclosure Requirements

What happens with real estate transactions involving a home that has had this number of cannabis plants grown within it? On October 17, 2018, it became legal to purchase small amounts of marijuana and grow up to four plants per residence (not per person) in Ontario. Nonetheless, the prospect of purchasing a home that has…

New Year’s Look Back at 2007-2017 Housing Cycle

The calendar is a wonderful thing. When December ends and the new year begins, it feels like a fresh start. You have a whole year ahead of you to accomplish whatever goals you’ve set. Can you believe that it has been 10 long years since the global Financial Crisis of 2007-2008 and what a ride it's been!…

Niagara Association of REALTORS® April Market Report May 4th, 2017, Niagara - The Niagara Association of REALTORS® (NAR) reported 852 property sales processed through the NAR Multiple Listing Service (MLS®) system in April. This represents a 4.9% decrease in sales compared to April of last year. The residential average sale price of $418,950 was 37.8%…

Niagara Sales UP 15.8% in 2016 (Welland +20.5%, Pelham +14.8% )

It was a Happy New Year indeed for our local real estate market. By year-end 2016 the Niagara 12-Month average sale price reached $321,395 up 13.92% from $280,221 recorded at the end of December 2105. The Niagara Association of REALTORS® (NAR) reported 8,441 residentail sales processed through the NAR Multiple Listing Service (MLS®) system during…

A HOT First Quarter in the Local Market!

Unit sales of residential properties in Pelham jumped 34.6% during the First Quarter of this year compared to the same time frame last year. According to MLS® system reports of the Niagara Association of REALTORS® there were 70 sales in Pelham so far this year up from the total of 52 sales reported during January-March…

It was a banner year for residential home sales in Niagara. The year-end MLS® sales reports of the Niagara Association of REALTORS® indicate that sales activity in the Region jumped 16.8% in 2015. Across Niagara (excluding the Town of Grimsby) there were 7370 homes sold during 2015 compared to 6309 in 2014. The current level…

Niagara Association of REALTORS® – December Market Report

January 6th, 2016, Niagara - The Niagara Association of REALTORS® (NAR) reported 402 property sales processed through the NAR Multiple Listing Service (MLS®) system in December. This represents an 11.7% increase in sales over December of last year. The residential average sale price of $279,852 was 16.2% higher than last December. The average days on…

Niagara Home Sales UP 7% – Average Price UP 5.6%

February 2015 Market Report The Spring Market has arrived early in Niagara this year. Local homebuyers did not let the cold weather slow down their house shopping plans. Home sales in January and February were up 7% across the Niagara Region. The Niagara Association of REALTORS® (NAR) reported 772 residential sales processed through the NAR…

Niagara House Prices up 5%! …Pelham Jumps 9.5% Welland 6.2%

As of the end of January the 12-month average selling price of a home in Pelham stood at $380,733 up 1.2% over the $376,069 12 month average price reported at the end of December 2014. Last year at this time the figure was $347,774 representing a staggering annual average price increase of 9.5%. The current…

October home sales in Pelham jumped significantly over last year’s results with 15 units reported sold – more than double the total of 7 transactions recorded in October 2013. Year-to-date totals continue to outpace our 2013 level and remain well ahead of Pelham’s 5-year average. According to the MLS statistics of the Niagara Association of…

It has been an active summer for real estate sales across the Niagara Region with 702 unit sales reported during the month of July in the communities serviced by the Niagara Association of REALTORS®. This figure represents an impressive gain of 23% over last July’s total of 570 transactions. In Pelham, local home sales jumped…

Preventing the spread of municipal land transfer taxes (MLTT) is the focus of a new advocacy campaign at the Ontario Real Estate Association. The association launched the issue-based campaign in April to demonstrate the negative economic impact of the MLTT, based on the findings of new research studies. Currently allowed only in Toronto, this tax…

First Quarter Home Sales Edge Down in Pelham

Unit sales of residential properties in Pelham dropped 14% during the First Quarter of this year compared to the same time frame last year. According to MLS® system reports of the Niagara Association of REALTORS® there were 43 sales in Pelham so far this year down from the total of 50 sales reported during January-March…

Average Price in Pelham Jumps 8.4% in 2013

The Pelham housing market is entering into the new year in solid shape, with predictions of another positive year of growth on the horizon. During 2013 residential sales in Pelham reached a total of 215 transactions, a healthy 2.87% increase over the total of 209 recorded in 2012. It is the surging average price growth…

Be clear about rental items in real estate contracts

Author: Mark Weisleder When you sell your home, if you expect the buyer to take over any of your rental obligations, be clear, or you will end up paying for it yourself later. Here's why: Aidong Gu sold his home at 4082 Robin Ave. in Niagara Falls to Anna Carnovale on July 19, 2012. The…

As we head into the home stretch of the year we thought it would be a good time to do a quick pulse check of local market stats: Total NIAGARA Residential Sales January 1 - November 30th, 2013: 5,935 Total NIAGARA Residential Sales January 1 - November 30th, 2012: 5,958 % CHANGE: -0.4% NIAGARA AVERAGE…

Local Third Quarter Results in a Nutshell

Pelham Home Sales DOWN 27% in Third Quarter The Pelham local market is showing signs of deceleration following a banner first half of the year. According to the MLS statistics of the Niagara Association of Realtors there were 44 residential sales reported in Pelham during the Third Quarter - down 27% from the 60 transactions…

Tag Archives: Housing Market

Housing Measures Announced in 2023 Fall Economic Statement

Market Trending Towards Balanced Conditions

Home sales have continued to be strong throughout July

Niagara June Market Report

Niagara Region launches comprehensive review of housing landscape

Cannabis Legalization and Real Estate Disclosure Requirements

New Year’s Look Back at 2007-2017 Housing Cycle

Home Sales Slow Down in April

Niagara Sales UP 15.8% in 2016 (Welland +20.5%, Pelham +14.8% )

A HOT First Quarter in the Local Market!

Niagara Home Sales Skyrocket in 2015!

Niagara Association of REALTORS® – December Market Report

Niagara Home Sales UP 7% – Average Price UP 5.6%

Niagara House Prices up 5%! …Pelham Jumps 9.5% Welland 6.2%

Local Home Sales UP Year-to-Date

Niagara Market on the Rise

Say NO to Another Home Owner TAX!

First Quarter Home Sales Edge Down in Pelham

Average Price in Pelham Jumps 8.4% in 2013

Be clear about rental items in real estate contracts

A CLOSE-UP LOOK at Niagara Home Sales

Local Third Quarter Results in a Nutshell

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