real estate market trends: Moncton, NB will see momentum into 2018 - 01/31/18 12:30 PM
At the end of 2017, we saw a nationwide increase in home sales as well as in housing inventory. Moncton, however, saw a spectacular, never-seen-before growth. If we take a look at national trends, it’s easy to see why there was such a significant increase in sales during December of 2017.
Why did we see such a substantial increase in sales during December?A much-advertised change in mortgage regulations, particularly a new stress test that buyers have to meet, caused a large number of home buyers and seller to rush into the market. According to Jesus Machado, President of the Greater Moncton … (0 comments)

real estate market trends: 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)

real estate market trends: 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)

real estate market trends: 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

Zolo Realty: Popular real estate marketplace

Vancouver, BC

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