The ongoing COVID-19 pandemic has been having far-reaching impacts on almost every aspect of our lives, and the financial impact is one of the most prominent.
That’s why, right now, selling and saving with New Era Real Estate makes more sense than ever.
For residents looking to sell their homes right now or who had already made preparations to sell before the pandemic hit, New Era Real Estate has you covered – and their new safety protocols keep clients safe while the process of selling continues smoothly, saving homeowners thousands.
“Real estate is an essential aspect of our lives that is able to adapt to new protocols, which minimizes the stress of having to sell your home during this difficult time,” said founder John Martino.
For those who aren’t already familiar, New Era Real Estate is an established full-service brokerage that services much of the GTA, including Toronto, Mississauga, Brampton, Oakville, Milton, Burlington, Hamilton, Durham, and York.
What sets them apart from other brokerages?
New Era Real Estate works for you and helps you save big by handling everything involved with listing and selling your home, but without the hefty commission fee.
Instead of charging the regular 2.5% commission that other full service brokerages do, they charge a simple flat fee of $5,900, which means more money in your pocket for you to invest in what’s important to you.
On top of that, you don’t pay a cent of that fee until your property has been sold, so you can be confident New Era Real Estate is doing all it can to get your home sold and offer you the best customer satisfaction.
Speaking of customer satisfaction, New Era’s full, high-quality service leaves nothing out. When you sell your home with New Era you’ll get market analysis, professional photography of your property, a variety of selling strategies, home preparation, a robust marketing/advertising campaign, schedule showings and buyer qualification, negotiation, and much more.
New Era’s agents and brokers are all fully licensed, have years of experience, and are paired up with sellers based on the city/area they specialize in, ensuring they can provide the best service possible.
During these tough times, don’t just settle with any old brokerage. When you list with New Era Real Estate you know they’re prepared to be your realtor for life, long after the current pandemic is over.
Contact New Era today for your free (no obligation) listing appointment by visiting newerarealestate.ca, calling 416-508-9929, or emailing info [at] newerarealestate [dot] ca.
Edited by Megan Johnson
Despite the challenges, Edmonton area real estate values 'have held up extraordinarily well' – Edmonton Journal
I have to say the Edmonton area real estate market has surprised me.
When you consider the onslaught we have had in the past five years — oil price crash, more than 100,000 job losses, fires, floods, domestic and international trade disputes and then COVID-19, I would say the Edmonton and area real estate values have held up extraordinarily well.
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Since 2014, we’ve only seen modest declines in prices, with single family homes declining the least. Edmonton remains Canada’s most affordable major city with one of the highest average incomes.
Other Canadian cities have seen significant price gains in the same time period creating a bigger difference in real estate values between regions. We have had clients who can work anywhere and chose Edmonton as they can afford much nicer living quarters here for the same money.
Given the lower prices and interest rates combined with rising rental demand, it is easier for investors to get positive cash flows. We are seeing investors looking at condos for their positive cash flow. This fact will help to support our real estate values.
Toronto and Vancouver Real Estate Inventory May Get A Boost From AirBNB Slowdown – Better Dwelling
Canadian real estate markets may be getting another inventory headwind soon. National Bank of Canada (NBC) research estimates AirBNB hosts may contribute to oversupply later this year. As the slowdown impacts hosts, many may be incentivized to sell. By their estimates, just a quarter of hosts selling would cause inventory in cities like Toronto and Vancouver to swell.
AirBNB and Housing Inventory
AirBNB helps homeowners take existing housing stock and convert it to short-term rentals. Rather than staying in hotels, travelers can now stay in existing non-hotel stock. At first, it wasn’t a big issue when just a few people were doing it. As the platform expanded, people began buying additional housing just to operate short-term rentals. By repurposing housing that would otherwise be long-term units, cities now need additional housing. Basically, short-term rentals lead to an inventory squeeze, pushing rents and prices higher. Temporarily at least, for as long as the squeeze persists. That squeeze could end as quickly as travel did.
The Travel Industry Expects A Big Slowdown
The travel industry doesn’t expect travel to recover quickly from the pandemic. The US has approved some routes cutting plane traffic up to 90% until September. The IATA, the trade association for international airlines, also doesn’t see traffic returning to 2019 levels until at least 2023 – at the earliest. What does this mean? Fewer users of short-term rentals, and more competition from hotels for those travelers. All of this can have a big impact on real estate inventory, according to NBC numbers.
Canada’s Biggest Real Estate Markets May See Inventory Spike
If just a quarter of AirBNB inventory is sold off, NBC sees a lot more real estate listings on the market. In Vancouver, the bank estimates real estate listings would rise 12%. Montreal would see an increase of 27% in resale listings. Toronto is another story though, with inventory forecasted to rise a whopping 34%. That’s with just 25% of AirBNB exiting as hosts.
AirBNB Boost To Canadian Real Estate Inventory
The potential increase in real estate listings if 25% of AirBNB properties were listed for sale.
Source: National Bank of Canada, Better Dwelling.
The boost is another headwind for inventory rising later in the year. Inventory was already expected to rise in the coming few months. NBC economists believe this would be “exacerbating oversupply in the coming months.”
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How Is The Real Estate Market In Muskoka Post COVID19 – Hunters Bay Radio
In a brand new video podcast series, Gerry Lantaigne with Sutton Group – Muskoka Realty discuses the world of real estate in Muskoka during the Coronavirus pandemic.
Join Gerry every month as he updates you on The State of Real Estate
Watch the inaugural episode here:
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