Market Updates Archives - Thomas Scully, Realtor

April 12, 2023

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.

March 22, 2023

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...

January 23, 2023

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?

January 11, 2023

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:...

November 28, 2022

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?...

October 14, 2022

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...

August 2, 2022

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...

June 8, 2022

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...

May 5, 2022

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...

April 13, 2022

Understanding Blind Bidding in Ontario

Blind Bidding is the practice which involves buyers placing their offer on a property receiving multiple offers not knowing what the other potential buyers are offering. They are “blind” to the information. With that said,...