A survey conducted by the RE/MAX Québec real estate firm suggests that 46 per cent of respondents — particularly those with young children — could see themselves buying a home in the suburbs.
The poll, carried out just as the effects of the COVID-19 outbreak were beginning to be felt across Quebec, found that 28 per cent would like to settle in the city while 21 per cent preferred the country.
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Among potential sellers, the Léger poll found 58 per cent would put their homes on the block to move somewhere with more land, while 55 per cent would do so for a larger home.
A large proportion of respondents ages 55-64 would sell in order to move to a less expensive home.
RE/MAX Québec vice-president Sylvain Dansereau said the polling dates were not changed despite the health crisis, adding that a second phase of the survey will be carried out this autumn to measure the effects of the outbreak on the real estate buying and selling preferences of Quebecers.
Quebec’s real estate industry received government authorization to resume operations on May 11.
The poll was conducted March 17-29 with 1,400 respondents in six regions of Quebec and has a 2.6-per-cent margin of error 19 times out of 20.
Real estate listings up in June 2020 over last year, housing report says | CTV News – CTV News
While more homes were sold last month, total sales figures are still off from last year and COVID-19 has a lot to do with it, again.
The Calgary Real Estate Board (CREB) says monthly sales were down by two per cent in June compared to 2019.
Experts say price declines, easing mortgage rates and fewer social restrictions have helped.
“However, the market remains far from normal. Challenges, such as double-digit unemployment rates, will continue to weigh on the market for months to come,” said Anne-Marie Lurie, chief economist for CREB.
The report shows six per cent more homes were listed last month over June 2019, but the benchmark price of a home in Calgary is still down from last year.
The benchmark price is $411,300 while the average home price in the city of Calgary is $460,442.
Sales in other regions outside of Calgary weren’t much better, CREB says. Airdrie’s sales activity was eight per cent lower than last year and sales in Okotoks are well below the 2019 levels and long-term trends.
The housing market in the town of Cochrane fared a bit better, but the increased sales (76) did little to offset inventory, considering 136 new listings were added in the month.
Mississauga man accused of using real estate transactions to commit sexual assaults in Hamilton – Global News
Hamilton police have made an arrest in what they say is a string of sexual assaults that were allegedly committed under a ruse involving real estate transactions.
Detectives say the investigation started last November after reports of two sexual assaults at homes in the area of Pearl and Peter streets.
On Monday, there was a similar complaint about an incident in the same area.
No one was physically injured in any of the incidents.
The investigation led to a Mississauga man being identified and arrested without incident at his home.
Mordecai Berlad, 58, has been charged with three counts of sexual assault and one count of forcible confinement.
Officers think there may be other victims and are urging anyone with more information to contact Det. Const. Buszkowski of the HPS sexual assault unit at 905-540-5543 or anonymously contact Crime Stoppers online or by calling 1-800-222-8477 (TIPS).
© 2020 Global News, a division of Corus Entertainment Inc.
Guelph, Ont., is the best place to buy real estate in Canada: MoneySense – Globalnews.ca
Guelph, Ont., has been named the best place to buy real estate in Canada by MoneySense magazine.
The southwestern Ontario city has topped MoneySense’s Where to Buy Top 35 ranking after coming in second place last year.
MoneySense says current Royal City residents won’t be surprised at this victory, as the average price of a house is listed below $530,000, but added that the real reason is because of strong economic fundamentals.
Some of those fundamentals include Guelph’s 2.1 per cent unemployment rate before the novel coronavirus pandemic and its GDP of 1.9 per cent, higher than the national average of 1.7 per cent in 2019.
“Strong employment and decent average annual incomes give Guelph residents a chance to pay off their mortgage faster,” MoneySense said.
It added that Guelph’s home-to-income ratio is significantly lower than Toronto and Vancouver, where it takes much more time to pay off a mortgage debt.
COVID-19 impacts Canada’s real estate markets
MoneySense also said Guelph’s high buyer demand and strong employment heading into the pandemic will mean the market should eventually rebound once life returns to normal.
According to the magazine, housing prices dropped five per cent between February and March.
The article also noted Guelph’s proximity to Toronto, which is less than an hour’s drive.
London, Ont., came in second place, while Victoria, B.C., Ottawa and Kingston, Ont., rounded out the top five. Waterloo Region came in eighth place.
© 2020 Global News, a division of Corus Entertainment Inc.
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