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Hamilton-Burlington real estate remains active during coronavirus lockdown – Global News

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Despite a provincial lockdown in Ontario due to a surge in COVID-19 cases, real estate agents were still busy in Hamilton and Burlington.

Realtors Association of Hamilton-Burlington (RAHB) president Donna Bacher says they did “not see the effects on the number of sales and new listings” that they did during the spring lockdown.

A total of 913 homes were sold in the region last month, down 25.9 per cent from November, but up 41.6 per cent over December of 2019.

Read more:
‘We haven’t seen anything like this before’ — pandemic boosts Canadian real estate

The average price for a home in Hamilton-Burlington was $729,853 last month, up 1.04 per cent from November, and 25.4 per cent higher compared to December 2019.

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Bacher says the strong monthly statistics “could be the result of continued low interest rates, coupled with increasing consumer confidence due to the approval of the COVID-19 vaccine in Canada.”

New listings were down 47.8 per cent over November 2020 and up 34 per cent over December 2019.

The number of active listings available at the end of 2020 was 52.2 per cent lower compared to the previous year.


Click to play video 'Million-dollar mortgages common now in the GTA'



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Million-dollar mortgages common now in the GTA


Million-dollar mortgages common now in the GTA – Dec 10, 2020

© 2021 Global News, a division of Corus Entertainment Inc.

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Calgary Real Estate Board predicts COVID-19, decreased demand for oil to hamper housing market – Global News

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Calgary’s real estate board is predicting home sales, prices and new listings will be on the rise in 2021, but their growth will be restricted by the continued impacts of COVID-19 and reduced demand for oil.

The Calgary Real Estate Board says in its annual outlook report that overall sales in the Alberta city and its surrounding neighbourhoods will reach 16,928, a five per cent increase from 16,151 in 2020.

Read more:
Calgary’s downtown office vacancy rates hit record levels amid oilpatch woes

CREB is forecasting that prices will edge up by 1.3 per cent to hit $423,307.

While new listings fell by nearly nine per cent last year and resulted in the slowest year for new listings since 2002, CREB is expecting they will rise in 2021 as owners who delayed sales during the early stages of the pandemic put their homes on the market.

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Click to play video 'Calgary home sales see modest growth in December'



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Calgary home sales see modest growth in December


Calgary home sales see modest growth in December – Jan 15, 2021

CREB says the market will be helped along by low lending rates and pent-up demand for homes, but persistently high unemployment could spell trouble for the region.

Read more:
‘Small businesses are struggling to stay alive’: Alberta’s jobless rate remains among highest in country

CREB believes the region’s housing supply would see big gains if layoffs continue and people need to adjust their housing to match their new employment situation.

The board warns that consolidation in the energy sector is expected to continue, which would hamper employment and housing activity in the higher price ranges.

© 2021 The Canadian Press

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What $500,000 buys in today's Canadian real estate market – Regina Leader-Post

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This home is located at 80 Jenkins Drive in Killarney Road, New Brunswick.
This home is located at 80 Jenkins Drive in Killarney Road, New Brunswick. Photo by Courtesy Rebecca Steeves /PNG

Killarney Road, New Brunswick

80 Jenkins Drive ($499,900)

Located a four-minute drive from Fredericton, this New Brunswick home is reminiscent of a New England farmhouse. The five-bedroom, 3.5 bathroom two-storey features red cedar shingles and tiled floors and, in the kitchen, red shaker cabinetry with accent glass doors, stone backsplash, porcelain floors and new appliances. The kitchen opens to a formal dining room with red pine plank floors. A spacious living room and den/potential bedroom complete the main level. The upper level offers a newly refinished bathroom with porcelain floors, tub/shower with white subway tile and three bedrooms. A large master comes with a private ensuite, complete with large vanity, soaker tub, tile shower and porcelain floors. The recently finished lower level includes a generous-sized family room, two more large bedrooms, and a third full bathroom, also with tub/shower with white subway tile. Outside, a back deck and two covered front porches look out on a landscaped yard.

This home is located at 2410 Rue Ste-Catherine E., in Montreal.
This home is located at 2410 Rue Ste-Catherine E., in Montreal. Photo by Courtesy César Balbin /PNG

Montreal

#202-2410 Rue Ste-Catherine E. ($499,700)

This two-bedroom, one-bath Montreal condo offers 1,232 square feet of open space with large bedrooms and a private 20′ x 8′ terrace. It’s located in the Ville Marie neighbourhood, home to Montreal’s central business district.

1420 Dupont St.
This home is located on 1420 Dupont St., in Toronto. Photo by Courtesy Cam Woolfrey /PNG

Toronto

#1112 -1420 Dupont St. ($499,900)

Located in the Junction Triangle in Toronto’s West End, this one-bedroom, one-bathroom condo features exposure to an abundance of natural light. Panoramic views of the city are on display from the bedroom and balcony. Freshly painted with upgraded bedroom storage and glass roller door, the unit is near shops and grocery stores as well as subway and transit. Parking included.

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RESAAS Enters Commercial Real Estate Industry – Canada NewsWire

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VANCOUVER, BC, Jan. 26, 2021 /CNW/ – RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), a technology platform for the real estate industry, is pleased to announce the launch of its dedicated Platform for the Global Commercial Real Estate industry.

  • Global Commercial Real Estate industry valued at $16 Trillion*.
  • RESAAS Platform already proven to collect valuable Residential real estate data.
  • RESAAS will duplicate its data-gathering Platform for the Commercial industry.
  • New business division significantly expands RESAAS’ recurring revenue.
  • RESAAS operates in 161 countries and supports near 500,000 Residential Agents.

“RESAAS’ success within Residential real estate has empowered licensed Agents to collaborate successfully. The RESAAS Platform, the first of its kind, remains unique in its position to enable the entire industry, regardless of location or Brokerage, to share unique real estate data,” said RESAAS CEO, Tom Rossiter.

“RESAAS is revolutionizing the Commercial Real Estate industry, providing Agents, Brokers and Firms with a proven Platform to share unique data. RESAAS’ Microsoft-powered Commercial Platform will unlock an entirely new revenue stream for the Company.”

RESAAS Commercial will be White-Labeled for large Commercial Real Estate Firms and Brokerages. RESAAS Commercial will benefit from RESAAS’ proven experience working with leading Residential real estate firms such as RE/MAX (NYSE: RMAX) and Keller Williams Realty.

* source: https://www.reit.com/data-research/research/nareit-research/estimating-size-commercial-real-estate-market-us

About RESAAS Services Inc.
RESAAS is a technology platform that enables real estate brokerages, franchises and associations to bring real-time communication, new business opportunities and unique data to their agents on a global basis.
Visit www.resaas.com for more information.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from RESAAS Services Inc.’s expectations and projections.

SOURCE RESAAS SERVICES INC.

For further information: Don Mosher, RESAAS Services Inc., Tel: +1 (604) 617-5448, Email: [email protected]

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https://www.resaas.com/

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