Found 3 blog entries tagged as Housing Market.

Canadian Housing Market 2023

On Thursday, December 15, the Canadian Real Estate Association (CREA) released its national housing statistics for the month of November. Below, CREA’s Senior Economist Shaun Cathcart provides an update on the current state of housing markets in Canada and explains what the data means for REALTORS®:

Just as one car does not make a parade (at least not a very good one), one month of data does not make a trend. To wit, it looks like that little sales increase we saw in October was something of a head fake, because activity started trending back down again in November.

Sales in November were down 3.3% on a month-over-month basis, rejoining the trend of moderating sales that began back in February.

The Aggregate Composite MLS® Home Price Index…

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It’s interesting to note how so many things have their “season.” Hockey in the winter. Vacations in the summer. Gardening in the spring. Even retirement reportedly occurs more often in the fall than any other time of year.

To some extent, even real estate seems to have a season. The spring is traditionally an active time for home sales. But, does that mean you should wait until spring to list your home?

Here’s the reality...

Properties sell all year round. There are buyers actively looking for homes at all times of the year. In fact, there are bound to be buyers that would be interested in your home if you were to list it this month. While it’s true that the market may fluctuate throughout the year, with some months featuring higher or lower…

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To Renovate or Not? 

It’s difficult to determine whether or not it’ll be worth your time and money to renovate your home or just leave it be and sell it. Both options, depending on the circumstances, have good and bad, pros and cons. With all the options considered, the choice can sometimes be difficult. Below are a few things to consider when making your decision on renovating and/or moving.

First and foremost, what types of changes or upgrades would you like to make? Always make a list of the changes you’d like to see in your home. Be sure to include everything that you would need in order to complete the renovation. It’s important not to concentrate on the cost at this time, but what it is that you truly would like done.

Once you have…

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