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CMHC: House Prices will Grow but Remain Elevated in 2022

Despite rising interest rates, Canada’s national housing agency says it expects that House Prices will Grow but Remain Elevated in 2022 for both home sales and prices.  However, it does see the pace of growth pulling back to more moderate levels from historic highs, according to its recently released Housing Market Outlook. “We expect the […]

What’s in the Federal Budget for Homebuyers?

Anne Martin Visit My Website  |  Email Me  |  Call Me What’s in the Federal Budget for Homebuyers? The federal government has earmarked more than $10 billion in new spending for housing-related initiatives, much of which is focused on increasing supply. In terms of housing initiatives, the federal budget delivers on a number of Liberal Party campaign promises made […]

How parents can help their children purchase a home.

Parents can help their children purchase a home in a number of ways.  They can act as a guarantor on the loan, co-sign for the mortgage or by gifting all or some of the down payment funds. Home Price increases Home prices in Canada have skyrocketed.   In 2021, prices in Canada have increased by 26.6% […]

What to expect from Canada’s housing market in 2022

What to expect from Canada’s housing market in 2022 The unanticipated extent of Canada’s 2021 housing market performance ended the year with both home sales and average prices up over 20%.  Comparing this to the previous year, it was driven largely by historically tight housing supply and low interest rates. So, what can homeowners and […]

The Bank of Canada updated its Economic Outlook

The Bank of Canada and updated its economic outlook in its meeting for the last time in 2021.  They made no change to its projection that its rate will rise in the middle of 2022.  It said that they are watching the inflation issues closely and they would hold the benchmark rate at .25% until […]

Barrie housing market is showing signs of overheating.

The City of Barrie’s housing market is showing signs of overheating, again! This could be good news for home sellers who may not be immediately buying another home or those buying in a lower priced location. It may not be favourable for those who are planning to stay within the city or First Time Buyers. […]

Proposed changes to cool the crazy housing market.

As expected, the federal government is looking at ways to cool the crazy housing market by making changes to the mortgage stress test. Among other reasons, low interest rates have helped to fuel the current state of the housing market which now at one of the fastest paces its ever been.  Prices have increased exponentially […]

Home prices in the City of Barrie are skyrocketing!

Home prices in the City of Barrie are skyrocketing. Fueled by many factors including people working from home who want larger spaces and better affordability, supply and demand issues and low interest rates, home prices have skyrocketed.  Real estate agents are reporting multiple offer situations on most properties offered for sale. Properties sold According to […]

Tremendous housing market gains in Barrie in January 2021

The statistics are in for January 2021 and in spite of Covid 19 lockdowns and business closures, Barrie and District Real Estate Board had tremendous gains in housing market activity as compared to January 2020. Its important to note that we are comparing pandemic numbers to pre-pandemic numbers. City of Barrie In the first month […]

2020: A Surprisingly Good Year in Housing

Surprisingly, 2020 turned out to be a banner year for home sales as the number of new listings lagged, causing prices to soar. According to the Canadian Real Estate Association, December data showed that, nationally, home sales surged 7.2% month over month during the Fall (a time when home sales are usually slower). A new […]

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