Pack your bags, cottage country is calling! Bancroft in Ontario was recently crowned the best place to buy real estate in Canada and it’s not hard to see why.
Bancroft, which is located halfway between Toronto and Ottawa, was awarded the prestigious title by Zoocasa in a new report.
The real estate company found that the region is Canada’s best housing market right now thanks to its affordability, location and potential for growth.
Despite its location beside Algonquin Provincial Park and the Ontario cottage country, the average price of a property in Bancroft is 47% cheaper than the national average.
Here’s a look at what’s on the market there right now:
Address: 58 Maple St, Bancroft, ON
Description: This bright and modern home comes with three bedrooms and two bathrooms and has been recently fully renovated. With an open concept design, stone fireplace, private patio and giant hot tub, what’s not to love? Oh — and it’s located in the “heart of Bancroft,” too.
Address: 6 Easton Ave, Bancroft, ON
Description: While the interior needs a little TLC, this property is pretty affordable at just $340,000. It has three bedrooms and two bathrooms and comes with plenty of outdoor space.
Address: 253 Faradale Dr, Faraday, ON
Description: Just minutes from Bancroft, this gorgeous home has sunny southern exposure and seemingly endless lake views, with 100 ft of crystal clear shoreline. Available as a year round home, this spot is described in the listing as a “naturalists paradise.”
Address: 20 Harley Rd, Bancroft, ON
Description: Described in the listing as a “little oasis,” this sizable Bancroft property features four bedrooms and two bathrooms. It’s been renovated recently and is ready for somebody to move in ASAP.
Address: 182 Hastings St, Bancroft, ON
Description: This super cute, two-bedroom cottage comes with over 500 ft of gorgeous frontage on the York river. Described as an “outdoorsy business person’s dream,” this home is dripping with potential and is pretty affordable, too.
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FCQ Launches Global Blockchain Real Estate Platform – GlobeNewswire
LUBLIN, Poland, Aug. 05, 2021 (GLOBE NEWSWIRE) — FCQPlatform.com – Investing in Spanish, Dominican, Cyprus, or any other country’s real estate has become as simple as ABC.
FCQ is a Blockchain-based platform that allows purchasing property either partially or at once. All the transactions on the platform are backed by smart contracts; thus, the assets of buyers and sellers are safe and sound.
The team’s idea is that their users should manage the FCQ platform with their help, as well as benefit from the development of their platform. For this purpose, the native FCQn token has been created. It will be available on the DEX exchanges and in the first phase it will be listed on the Uniswap exchange. The token will be deflationary. 1% of the sale of real estate and 50% of revenues from the secondary market will be allocated to the purchase of the token from the market and its burning. The token will debut in September on UNISWAP
Currently, the platform is in Beta; nonetheless, a wide variety of real estate objects from all other the globe is soon to be added.
To start investing, users do not need to possess tremendous capital. 500 USDT is enough. The minimum investment in real estate on their platform is only 500 USDT.
Each individual property is accompanied by a description of its main characteristics:
– Price of the object’s token
– Total Value
– Minimum Investment
– Annual Rate of Return
– Dividend Payment Date
– Fundraising end date
– The number of tokens available for purchase
Initially, commercial real estate that brings income without maintenance will be presented on the platform. A wide variety of objects will be introduced later on.
The platform provides opportunities for investments, and furthermore, for the subsequent resale of real estate tokens and income generation.
Take a look at the property available for investment here: https://fcqplatform.com/investments/list?page=1
Company: FCQ sp z o.o.
SOURCE: FCQ sp z o.o.
Number of Sarnia-area real estate listings drops in July – Woodstock Sentinel Review
Many homes were still selling above asking prices in the Sarnia area in July but that statistic eased slightly from the previous month, according to the Sarnia-Lambton Real Estate Board.
Many homes were still selling above their asking prices in the Sarnia area in July, but that statistic eased slightly from the previous month, according to the Sarnia-Lambton Real Estate Board.
The local market’s sales-to-list-price ratio was 104 per cent in July, compared to 108 per cent in June, the board said in its monthly release of local market statistics
“We’re definitely starting to see it shift a little bit,” said board president Rob Longo. “Not monumental shifts, just nice and steady.”
The Sarnia-area market has been seeing homes sell above the list price for some time now, and the median selling price has also been growing.
But the year-to-date median house price in the market remained at $435,000 in July, the same level as June.
“I think we’re going to start to see prices stabilize themselves rather than the huge gains we’ve had over the last couple of years,” Longo said.
“We’re still seeing a busy market.”
There has been a total of 1,223 home sales locally since the beginning of the year, for a total year-to-date sales volume of nearly $606.8 million.
But the year-to-date number of homes listed for sale dropped to 136 in July, which is a record low for that month, Longo said.
The number sat at 217 in July 2020.
The number of active listings had been moving up earlier this year, “but we’ve seen that taper off,” he said.
The easing of pandemic restrictions may be one reason, Longo said.
“People are getting out more. They can travel, they can do different things. … Maybe their focus has shifted a little bit towards that after being cooped for so long,” he said.
But the lack of homes on the market is “a complex problem to solve,” Longo added.
“It really comes down to supply. It is not enough housing supply.”
That is a widespread issue across Ontario and not just in the Sarnia area, Longo noted.
“We’re not seeing enough new housing coming on to meet the demand, which creates a domino effect,” he said.
Issues include “red tape” required for housing projects and the high cost of construction materials, Longo said.
“Sarnia-Lambton specifically, we could easily handle a significant bump in the number of new homes or new units per year,” he said.
As of July, Sarnia had issued 68 single-family home building permits for 2021. That’s already better than the total of 65 issued for all of last year.
Currently, there is just a 24-day inventory of homes listed for sale locally.
“Typically, we would like to see a 30 to 60-day inventory … and we’re just nowhere near that now,” Longo said.
Those higher levels would indicate the Sarnia area was returning to a more traditional and balanced market, he said.
The median number of days listings are on the local market sat at eight in July, compared to 14 days in July 2019.
Metro Vancouver real estate market levelling out, demand remains high – News 1130
VANCOUVER (NEWS 1130) — It’s been a hot stretch for home sales in Metro Vancouver during the pandemic but the latest numbers point to a more moderate market.
Sales in July dropped off 12 percent compared with June, according to the Real Estate Board of Greater Vancouver (REBGV)
“Moderation was the name of the game in July. Home sales and listings fell in line with typical seasonal patterns as summer got going in earnest in July. On top of moderating market activity, price growth has leveled off in most areas and home types,” says Keith Stewart, REBGV economist in a statement.
It was by no means a slow month, however, with more than 3000 sales — which is well above the 10-year average.
“Low housing supply remains a fundamental factor in Metro Vancouver’s housing market,” Stewart continues.
“Home sales remain above average and we’re starting to see price increases relent as well. Going forward, the supply of homes for sale will be among the most critical factors to watch. This will determine the next direction for house price trends.”
The composite benchmark price for residential properties in the region was $1,175,500, which was up 13.8 per cent compared to July 2020 but the same as in June of 2021. Townhouses sold the swiftest, with properties being on the market for an average of 20 days. For detached homes, the average was 30.
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