We've seen a lot of changes in the Hamilton housing market over the last few years. The impact of the pandemic-induced low interest rates pushed demand through the roof. Now, a near tripling of mortgage rates has contributed to falling home prices.
Why is the Toronto property market dropping so quickly?
The combination of higher borrowing costs, economic uncertainty, rising supply of active listings, and government policies aimed at cooling the housing market have all contributed to the rapid drop in property values in Toronto. However, it's important to keep in mind that the real estate market is complex and that the impact of these factors can vary from area to area.
Uncertain Vancouver Property Market Outlook
The outlook for the Vancouver property market can be considered uncertain in the short term, with several variables that could potentially impact the market. It is essential to stay informed and seek professional advice before making any investment decisions.
Canadian Boomers are Quitting the Workforce
As far back as 2008, CNN reported on the expected effects of Baby Boomers (the largest generational cohort) retiring from the workforce. The pandemic has accelerated the process.
Confidence in Real Estate Shattered
Canadian consumer confidence is negative and has not started to improve yet.
How will the Federal Budget Help/Hinder?
A summary of housing-related goodies in the Canadian federal budget, and their likely impact on the market.
How To Install A Pool That Adds Value To Your Home
Increase a property's market value by adding specialized pool devices
B.C. Population Growth Back on Trend
Vancouver Island is growing by nearly 5%.