canada housing market: Slowdown and recovery for Guelph housing market in 2018 - 01/31/18 12:42 PM
With a solid 2017 real estate market in Guelph, the city heads into 2018 with a respectable momentum. However, we can expect speed bumps during the first half of 2018, due to the mortgage rules implemented in January.
December was a pretty hectic month in the Guelph real estate marketAccording to the Guelph & District Association of REALTORS, there were 156 homes sold in December 2017, which is a 4.7% increase over December of 2016. There were about 3,213 units sold in 2017, which is a 6.5% decline from 2016. These changes are not exactly a bad thing, considering 2017 still had … (0 comments)

canada housing market: Ottawa housing market will be stable in 2018 - 01/31/18 12:17 PM
Following the major trends in the rest of the country, the Ottawa real estate market had a strong finish in 2017 due to a significant increase in sales during December of 2017. According to Ralph Shaw, the president of the Ottawa Real Estate Board, “December saw an increase of 8.4% in the number of units sold in residential sales and 25% in condo sales. This could very well be attributed to the changes in the mortgage qualification rules implemented January 1, 2018.”
What caused the rush of buyers in December 2017?There was a noticeable increase in sales at the end of 2017, … (0 comments)

canada housing market: Cautious optimism for 2018 in Regina, SK housing market - 01/31/18 10:19 AM
The 2017 Regina real estate market performed lower than hoped due to a combination of government policies, a sluggish job market and a lower purchasing power from home buyers. On the other hand, an increase in housing inventory and a downward trend in home prices should benefit homebuyers in the second half of 2018.
No getting around it — 2017 wasn’t the best for ReginaLast year was a slow year for the Regina residential market. According to the Association of Regina REALTORS and CREA, the reported number of sales reported in the Regina area was lower in December 2017 compared to December … (0 comments)

canada housing market: Saskatoon's market faces declining activity for 3rd year in a row - 01/31/18 10:07 AM
The 2017 Saskatoon real estate market had a slower market overall compared to 2016 making it the third year, in a row, of sales activity declines. As a result, the average number of days a listing sat on the market in Saskatoon was 61, as of December 2017 — a substantial increase from 51 days in December of 2016. Not surprisingly, if we study Saskatoon’s market throughout 2017, we see a lower number of transactions, on a year-to-year basis.
Yet, the news isn’t totally bleak. Despite the decreased activity, there was an 11%  increase in Saskatoon’s home sales in December 2017 compared … (0 comments)

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Mustafa Abbasi

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