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Real Estate In the Time of Covid: It's still happening: March 2021 hits an all time high for monthly sales!

April 9th, 2021

Real Estate In the Time of Covid:  It's still happening: March 2021 hits an all time high for monthly sales!

Home buyers continued to buy homes at unprecedented rates last month.  We saw the highest recorded monthly sales in history, despite daily media reports of impending market collapse.

In 2008, after a crazy flurry of activity similar to what we are seeing now, the media reports kill ...

BREAKING NEWS: Real Estate Market likely impacted if this goes ahead.

April 9th, 2021

As many of you know, in the past the implementation of the "mortgage stress test" had a significant negative impact on the real estate market. The stress test reduced the amount buyers could spend on homes and took some buyers out of the market altogether.

This was just announced today https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/b20-nr.aspx

A few hours ago, the Superintenden ...

Real Estate In the Time of Covid: Another Record Crushing Month!

March 4th, 2021

It can't last forever but it has lasted another month. February 2021 exceeded all expectations: the market has continued to be extremely hot due to low interest rates, lack of homes to meet buyer demand and strong desire on the part of buyers to get into or move up in the market. This buyer desire TO move during Covid seems to be colliding with a seller desire NOT TO move until after Covid. W ...

It's that time again: Property Assessments are in your mailbox!

January 19th, 2021

The calls have started to come in: People have received their annual property assessments. Every year people ask what their property assessments mean. The key thing to note: Assessed values are not a reflection of market value.  Market value is what a buyer will pay; assessed value determines your taxes.  Assessed vs. Market values are often like apples vs. oranges...totally different things. ...

Real Estate In the Time of Covid: December 2020; 2020 Recap; and What Now?

January 6th, 2021

Well 2020 is over and I have to say I am not sure why people are so excited. We still have Covid; numbers are still not good; sadly people are still dying.... so 2021 has hope but so far it doesn't seem a lot better than 2020!

On the real estate front, there have been a lot of predictions about what 2021 will hold for the market. Most of the "reputable" sources seem to think that we could see ...

Multiple Offers: the Lottery Win for Home Sellers

August 31st, 2020

Lately we have been receiving multiple offers on a number of properties in all price points. This happens when there are more buyers for a property than there are comparable properties to buy. The best thing about multiple offers is that they pretty much guarantee that sellers receive MORE than what the market value of their home should be AND fewer subjects: The Lottery Win. 

In multi ...

Re: Real Estate in the time of Covid: Unusually great July... could we see a busy August?

August 11th, 2020
We have seen the market rebounding strongly the last few months and July continued that trend.
 
The supply/demand equation continues to favour sellers with buyers still wanting to buy, but the supply being much lower than buyers would like to see. We have continued to receive multiple offers on many properties-although in a lot of cases (unexpectedly) the offers still came in under asking ...

RE in the Time of Covid: May Flowers

June 3rd, 2020
After the worst April we have seen in the past 38 years, May was a lot better for sellers and buyers. While we are still at very low sales levels, there were a huge number of buyers looking for homes-there just wasn't enough available for them to buy. I think if more people had put their homes on the market, we would have had a much higher sales levels for May.
 
In May 2020 we had 37% less ...

Real Estate in the Time of Covid: April sales hit 38 year low

May 11th, 2020

If you have been following the news, you have likely heard the doom and gloom regarding our current "Covid Market". It is true that our Spring Market is gone and has been replaced with a much less cheery Covid Market. However the numbers at first glance do not tell the whole story.

The numbers show that:

-sales in April 2020 were down almost 40% (39.4% to be exact) when compared ...

Re: To Video or Not to Video, that is the question...

April 24th, 2020

Over the past 2 weeks I have had 2 people ask me whether we should be posting videos for our properties now that Covid-19 is restricting showings to a certain extent. This is a great question and I assume if 2 people are asking it, 200 are likely wondering! So here is the answer.

I used to do videos for all of my listings...for years.....That was until I attended a course at the annual USA ...

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