Real Estate

These Are the 5 Things That Make Your Home Hard To Sell

23/09/2023

If you’re planning to sell your home, you’re more than likely concerned about how long it will take. In August, homes were on the market for an average of 46 days before they sold, according to Realtor.com data. That’s a time period that’s five days longer than a year ago but an average of 13 fewer days than what was common before the COVID-19 pandemic.

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While the possibility of having your home under contract within roughly a month-and-a-half may seem encouraging, it’s important to note that not all homes sell so quickly. Unfortunately, some may linger on the market due to easily avoidable mistakes made by sellers.

To help, here are five things that make your home hard to

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Real Estate

This Week’s Top Stories: Canadian Real Estate & Labor Markets Are Weakening

22/09/2023

Time for your cheat sheet on this week’s top stories.

Canadian Real Estate

Canadian Real Estate Balancing In A “Meaningful” Way, Pause Unlikely To Boost Market: BMO

The Canadian real estate market is back to cooling after a brief jump in activity post-rate pause. Existing home sales fell, and new listings have been climbing to the point the market is now considered  “balanced.” Despite getting another rate pause a few days ago, BMO says it’s unlikely to reignite the market the way the January pause did. The economy is much weaker, record building will supply even more inventory, and most importantly—the mortgage market is much tighter, and won’t provide any relief. 

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If Canadian Unemployment Is So Low, Why All The Long Job Lines?

Canada’s unemployment is just off the record low, and by all technical measures—means we’re facing a very robust market. Yet social media is filled with

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Real Estate

The Growing Commercial Real Estate Threat Facing Our Economy

21/09/2023

I attended a fascinating real estate investors’ conference for hedge funds, lenders and owners. The talk of the conference was the almost complete inability of landlords (other than owners of tier 1 properties), to get any financing at all, except at exorbitant rates around 15% which is more than double the current financing that these buildings have in place.

This underscores what may be the greatest threat to the otherwise resilient American economy. We know that major banks and technology firms have recently been mandating return to office for three days or more. We’re waiting for post-Labor Day figures for some meaningful employee attendance numbers, but the national and New York attendance rates remain mired slightly below 50% for the summer. If current trends continue defaults will increase, and the treacherous triangle of

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Real Estate

Robert Kiyosaki Says Real Estate Market Crash to Start With Airbnb

20/09/2023
  • The next crash in real estate could be set in motion by Airbnb, according to Robert Kiyosaki.
  • The “Rich Dad Poor Dad” guru has sounded the alarm for months of a coming market crash.
  • But data shows that the rental market is fairly healthy, with just a small decline in profits.

“Rich Dad Poor Dad” author Robert Kiyosaki is worried that a downturn in the short-term rental market could set the stage for a real estate crash. 

The markets guru warned of turbulence ahead for the real estate sector in a recent post on X, formerly known as Twitter.

“AIR B&B to lead real market crash. If you want a new home your happy days are around the corner. Same for rental property. The best time

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Real Estate

Feds remove GST on rental builds and more Canadian real estate news for September 16

19/09/2023

Here are The Globe and Mail’s top housing and real estate stories this week, with the lowest mortgage rates available in Canada today, commentary from our mortgage expert and one home worth a look.

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Canada needs 3.45 million more homes by 2030 to cut housing costs as population grows, CMHC predicts

A new report from the Canada Mortgage and Housing Corp. says Canada needs 3.45 million more homes to bring housing costs down as the population increases, reports Rachelle Younglai. That’s in addition to the 1.68 million that are expected to be built by 2030 if the pace of construction remains the same. If Canada continues to admit record levels of about half-a-million new permanent residents per year, the CMHC predicts the number of new homes required will raise to 4 million.

Ottawa will remove GST from new rental construction in response

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