The residential real estate doomsday-ers are certainly having their moment in the limelight right now, aren’t they? Certainly no shortage of hyperbolic statements bemoaning the recent ‘crash’ in prices.
What are people doing right now? OK, do the opposite. Read More »
Do unto others as you’d have them do unto you. Ah, the Golden Rule. Treat others as you would like to be treated. A thread common to all the world’s religions. Tough to argue with it, then. … or so you’d think. And yet, people are greedy. Some sellers cling on to their properties and
I’m not trying to be glib or minimize the hardship suffered by many when the economy retracts and job losses abound; rather, I’m attempting to provide a helpful reminder of a (harsh) reality; if you can afford to buy a property between now and over the near future (a year?!), it is my opinion that
Recessions Are When Fortunes Are Made Read More »
In case you’ve been living under a rock – or are just back from a year’s unplugged trip around the world – residential real estate prices have fallen precipitously from their peak in February. We’re now looking at a price correction somewhere in the region of 15-20% from where they were at their apogee.
Be the change you want to see…what are buyers waiting for?! Read More »
The word is out. There’s a price correction going on in residential real estate; with mortgage rates rising (although still lower than the rate of inflation… just want to point that out) and lots more supply coming to market (in roughly a 5:1 ratio of new listings to sales), there is considerable downward pressure on
There is always opportunity Read More »
I don’t wish to sound like a euphoric clown, spouting sunshine-and-rainbows while the rest of the world is focusing on the troubling news of higher inflation and rising mortgage rates, but at the risk of swimming against the current, I wanted to highlight that there are still opportunities. If you’re willing to keep an
Window of Opportunity Read More »
The streets are lined with gold for anyone willing to work and take a long-term perspective. With prices coming down in residential real estate both locally and across the province, prospective buyers are being granted the opportunity they’ve been awaiting. With more inventory coming to market and available from which to choose, and properties taking
Turn That Frown Upside Down – There Are Always Opportunities Read More »
Yes, we’re in a bit of a transition; the residential real estate market is shifting. Locally, the average price came down in April from its high (over $800k) the month prior and, unsurprisingly, inventory of homes available for sale is increasing notably (and, as a corollary, so too is the average number of days it
What’s Going On These Days?! Read More »
Interest Rates Are Rising Well, it was bound to happen, wasn’t it?! Despite the recent increase and the Bank of Canada’s signaling that there will continue to be more of the same in the near future, mortgage rates remain at near record lows (historically speaking) and still no higher than recent inflation numbers. Heck, there’s
Merits Of The Hobo Lifestyle; Write Yourself Up A Sexy Spreadsheet Read More »
After a taxing week of Realtor reality, biting my tongue and playing monkey-in-the-middle, I feel the need to share an insight or two and, perhaps, a little wisdom. I acknowledge this may be interpreted as being paternalistic – and if so, so be it. Moreover, I recognize that writing this is, at least partially, cathartic
Get your $h!t together and figure it out, already! Read More »
