Found 4 blog entries tagged as inventory.

How is the Atlantic Canada real estate market performing in the era of rate normalization? Eastern Canada has been a hotbed of growth for the last two years, from population gains to economic resuscitation. With the coronavirus pandemic turning the housing industry upside down and triggering a change in consumer patterns, the Maritimes region is enjoying a renaissance. But while there is the uncertainty of higher interest rates and a post-crisis national economy reopening, experts are confident that this part of the country will survive the next phase of the economic cycle.

In the meantime, market analysts are combing through the data to determine just how well places like Prince Edward Island and Nova Scotia are doing in this environment. Experts…

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Canadian real estate prices are soaring at the fastest pace ever, yet the national numbers downplay growth. Canadian Real Estate Association (CREA) data shows home prices continued to soar in December. Over just 31 days, a “typical” home added up to $40,000 in one market. Over the past year, prices have increased more than ten times that monthly surge.

A Typical Home Across Canada Increased $16,700 Last Month

Canadian home prices are rising at one of the fastest rates ever. The composite benchmark (a.k.a. a typical home) reached $798,200 in December, up 2.1% ($16,700) compared to a month before. The benchmark is now a whopping 26.6% ($167,500) higher than last year. Both are large gains, but this is the index — many markets outperform even…

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Photo: Spiroview Inc. / Adobe Stock

Home prices in prominent Canadian markets ramped up last month, but the acceleration we’re seeing now is expected to ease off by the second half of next year as these markets become more balanced.

In an RBC Economics Thought Leadership report published this week, senior RBC economist Robert Hogue said that property prices “reaccelerated further” in major markets during November thanks to strong demand and dwindling inventories.

In the Greater Toronto Area, “aggressive” bidding drove the composite MLS Home Price Index (HPI) up 3.9 per cent from October to $1,173,000. Over the past two months, GTA prices have climbed 2.2 per cent and 4.3 percent, resulting in a $114,000 increase over a three-month period.…

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When inventory is low and buyer demand is high, chances are you’ll receive at least one cash offer—a promise to purchase your property that doesn’t depend on the buyer acquiring a mortgage. Buyers figure paying cash might help them stand out among multiple offers, but what’s in it for you as the seller? Here’s what sellers need to know about all-cash offers.

What is a cash offer?

Most offers on residential homes typically include three conditions: financing, an inspection, and a review of documents. When an all-cash offer is submitted, the buyer is telling the seller they have enough cash and investments to purchase the property, says Rochelle Cantor, a REALTOR® and broker with Engel & Völkers in Montreal.

“A cash offer doesn’t mean…

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