Mortgage Interest Rates – 2020 in Review
It goes without saying that 2020 was an unprecedented year. Covid 19 changed all that we knew to be true. In reaction to the close of businesses, government stimulus and the affect lockdowns had on the economy, mortgage interest rates generally went down. The goal was to prevent an economic collapse. Housing markets held their […]
Record High Home Sales & Prices in September
There were record high home sales and prices in September! As the weather turned colder, home sales heated up by 0.9% month over month, giving mortgage brokers throughout Canada plenty to do. Given the unique circumstances of this past year, this change in sales can be at least partially attributed to a delayed demand from […]
Canadian real estate gains in May 2020.
There was good news in the real estate and housing markets. Home sales surged by 56.9% in May from Aprils collapse. The Canadian Real Estate Association’s data showed that national home sales recovered by about one third of its Covid related loss between February and April. Year over year activity was down almost 40%. There […]
Sigh of relief as Decembers job numbers improve over November
Welcome Rebound in Labour Markets in December Dr. Sherry Cooper, chief economist for Dominion Lending Centres, states that the job market has rebounded in December and we can breathe a sigh of relief. The unemployment rate has reversed itself and erased almost half of the decline in November. This ended the second best year of […]
Report on affordable neighbourhoods in Barrie
On Thursday April 25th, 2019 the Barrie Advance published the results of a report written by Zoocasa comparing home prices in the City of Barrie to Toronto. An average home in Barrie sold for$494,488 in March while the average home in Toronto sold for $830,043. This provides proof of the affordability of Barrie as compared […]
Barrie and area real estate sales perk up in June 2018.
The Canadian Real Estate Association released its statistics for the month of June. All statistics are of interest but one has to take into account the inflated nature of 2016 and 2017 which artificially inflated numbers, only to create large gaps in sales levels, which can be defined as a moderate change back to normal […]
Barrie residential real estate sales for February 2018
The number of residential real estate sales recorded by the Barrie & District Association of Realtors, Inc for the month of February 2018 was 263 units which is down 43.2% from the record set in February 2017. Year to date sales were 482 units in the first 2 months of the year creating a decrease […]
Barrie and area real estate price update for May 2017
As someone who is directly involved with the Barrie mortgage and Barrie and area real estate industry, it is important that I consistently check in with where the industry is at both as a whole and regarding the Barrie region. According to the Barrie & District Association of REALTORS Inc.’s prices in Barrie and district have […]
Barrie and district home sales have set a new all time record in March 2017
Barrie and district home sales have set a new all time record in March 2017. Unbelievable and no wonder many home buyers are experiencing bidding wars with most homes selling significantly above the asking price. This proves most problematic for First Time Buyers who are the most vulnerable to issues of affordability and inexperience in […]
Housing activity down nationally for November.
Home Sales Cool in November, While Prices Still Rise as per the Canadian Real Estate Association. November produced the largest national monthly decline in activity since 2012. The number of home resales stands at its lowest level since September 2015. This may be in part because of the new mortgage measures instituted by the […]
