By Natalia Vega February 6, 2023 6:17am The new year saw a lot of homes changing hands in Sarnia-Lambton, as 86 sales were made in January, for the highest January recorded in three years. “We were a little bit surprised to see such a busy month in January but at…
Tag: real estate news florida
Okanagan real estate feeling the impact of higher interest rates – Okanagan
The Okanagan single-family home market appears to be feeling the impact of higher interest rates. The Association of Interior Realtors released data for January, showing that benchmark home prices were down in January throughout the region. Read more: The Okanagan real estate market heads into a dramatic winter cool-down Read…
Toronto mortgage brokers report rise in power of sales
There are early signs of rough times ahead in the GTA real estate market, with some Toronto mortgage brokers reporting a rise in the forced sale of homes by private and alternative lenders. “It’s happening at breakneck speed,” said Toronto broker Ron Butler. “It’s just a strange set of events…
Korea Unveils Steps to Speed Up Real Estate Debt Restructuring
(Bloomberg) — South Korea is taking steps to accelerate the restructuring of troubled real estate projects involving project financing, to prevent another debt crisis after last year’s turmoil. A group of about 3,000 financial companies involved in project financing signed an agreement that will enable them to swiftly discuss extending…
Quebec real estate sales down and listings up
Real estate brokers in Quebec are expecting “For Sale” signs to increase on lawns across the province after this week’s key interest rate hike. The increase to 5 per cent is the 10th increase since March 2022, and it is now the highest it’s been since 2001. …
Frenzy to buy vacation properties across Canada eases amid rising rates, economic uncertainty
Open this photo in gallery: Many of those who already own a cottage, cabin or waterfront home are not rushing to part with them, so supply remains tight.Royal LePage Atlantic Relaxing on a dock is an even more laid-back activity than usual in many idyllic locations across the country this…
Aspen Real Estate Market Is Returning to Pre-Pandemic ‘Normalcy’
(Bloomberg) — The Aspen, Colorado, market for mansions has contracted from the levels seen during the pandemic; year-to-date dollar volume is down by 40% compared to last year’s. But don’t expect sale prices to drop because inventory is still tight. “The market has returned to what’s being referred to as…
Great Canadian Housing Bailout: How high prices are being propped up
Breadcrumb Trail Links NP Comments News Canada A latticework of government demand-side policies are seemingly tailor-made to hold the line on unaffordably high housing prices Published June 11, 2023 • Last updated 2 days ago • 6 minute read Real estate signs in Calgary. Photo by AZIN GHAFFARI/POSTMEDIA Article content…
Trends Reveal Record Demand for Student Accommodation
The shortfalls in student accommodation have been especially detrimental to international students – those coming from countries with a weaker currency have found accommodation increasingly unaffordable, for example. Yet in 2022 – the UK issued nearly 500,000 study visa grants for international students – this marks an impressive 81% rise…
$8.4 million mansion for sale on one of Mississauga’s most exclusive streets
Located on one of Mississauga’s most expensive streets, this sprawling family home at 2438 Doulton Drive is nestled right along the Credit River in an open park-like setting. Doulton Drive, Doulton Place, and Blythe Road comprise the area better known as the Doulton Estates, and it’s exactly where you’ll find…