Category: Market Updates
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Rasha’s Remarks – Is there an Upside to Inflation?: Navigating the Housing Market Post-Pandemic
The COVID-19 pandemic has caused big changes in the world economy. To help stabilize things, banks like the Bank of Canada made some important decisions. One of these decisions was to lower interest rates to the lowest they’ve ever been. The idea was to encourage people to borrow, invest, and…
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Canadas Amendments to the Foreign Homebuyer Ban – Here We Go…
A discussion of Canada’s amendments to the foreign homebuyer ban, including exceptions for development purposes, the lifting of the ban on vacant land, and more eligibility for work permit holders to purchase homes.
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90 Second Market Update: March 2023
What’s going on in the Real Estate Market right now? Are the interest rates dropping? Is it a good time to buy or invest? Well, it’s getting interesting to be sure, but let’s discuss a few quick things off the top. According to industry reports, in a nutshell, Canadians are…
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Can AI Predict the Future of Real Estate?
Is AI the future of Real Estate? I put ChatGPT from OpenAI to the test by asking it to discuss the current Real Estate market and seeing how accurate it is, or isn’t?
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New Legislation: Listen Up Investors, Flippers, and Non-Canadian Purchasers
As of January 1, 2023, Canada has implemented new legislation that affects how homes are purchased in Canada. Let’s get one thing straight right away, the objective of these new pieces of legislation is simple: make homes more affordable to Canadians. It’s a work in progress, and some of these…
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The State of The Market – Fall 2022
There’s so much to be said about the Real Estate market in 2022, especially as we get into the last season of the year. What’s happened in the last few months? What’s going to happen? What does it mean for buyers and sellers? How do I make sense of it…
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Listing Prices: How a Change in Strategy Effects How We View Offers
We all remember the Sellers Market of the pandemic, and we know the strategies that were used to list homes on has changed since we have moved to a balanced market as of late. The days of listing very low are gone – with some exceptions as described below. But…
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Has the Housing Market Really Changed?
So it’s August 2022 in Windsor Essex, and people want to know “What’s my house worth now? Can I get a good deal as a buyer? Should I wait for a ‘crash’ to happen? Is waiting better than acting now? Is it a good time to buy or sell a…
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Is This a Good Time to Buy or Sell a House in Windsor Essex County?
Is This a Good Time to Buy or Sell a House in Windsor Essex County? Excellent question – not an easy answer. Let’s call it the “great filter” at the moment – where homes that are desirable are acting as they should (multiple offers and selling on time mostly), and…
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Understanding The Windsor-Essex Housing Market: Vol. 2
The reality is there are less buyers, less competition, more houses due to the time of year, and expectations of sellers are still very high. The idea where you can pick any Realtor off the street and sell your home in 7 days may be coming to an end in…
Tom Scully, Real Estate Agent 