It predicts, however, that real estate will cool as the pandemic recedes and discretionary spending picks up and interest rates and inflation rise.
Taylor said he expects the housing market will return to pre-pandemic conditions. “People are ultimately going to want to live downtown again because restaurants and live music — the culture that existed there before — will continue,” he said.
“There will be some remote work, which will keep some of the values in the more rural places buoyed. But I wouldn’t be surprised to see a little bit of additional activity return to the very urban areas and a cooling in the (suburbs),” said Taylor.
The report says Canadians accumulated $184 billion in savings between the first quarters of 2020 and 2021. Much of that money has been poured into their homes.
Oxford Economics anticipates the Bank of Canada overnight rate will hit 1.25 per cent by the end of the year and there will be multiple increases through 2024. It says most Canadians can handle the impact to their mortgage from rate hikes.
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Taylor said he expects the housing market will return to pre-pandemic conditions. “People are ultimately going to want to live downtown again because restaurants and live music — the culture that existed there before — will continue,” he said.
“There will be some remote work, which will keep some of the values in the more rural places buoyed. But I wouldn’t be surprised to see a little bit of additional activity return to the very urban areas and a cooling in the (suburbs),” said Taylor.
The report says Canadians accumulated $184 billion in savings between the first quarters of 2020 and 2021. Much of that money has been poured into their homes.
Oxford Economics anticipates the Bank of Canada overnight rate will hit 1.25 per cent by the end of the year and there will be multiple increases through 2024. It says most Canadians can handle the impact to their mortgage from rate hikes.
.
نظرسنجی نشان می‌دهد که قیمت‌های بالا امید مالکان بالقوه کانادایی را از بین می‌برد
گزارشی از وام‌های حرفه‌ای کانادا نشان می‌دهد که با شروع دوباره مردم به خرج کردن و افزایش نرخ‌های بهره، بخشی از گرمای بازار مسکن باید پراکنده شود.
کانادایی های خسته از بیماری همه گیر هرگز بیش از این در خانه های خود سرمایه گذاری نکرده اند. اما گزارشی که توسط وام‌های حرفه‌ای کانادا منتشر شد، نشان می‌دهد که افزایش قیمت مسکن، خوش‌بینی آنها را درباره مالکیت خانه از بین می‌برد.
تنها ۲۹ درصد از ۲۰۰۳ کانادایی که در ژانویه و فوریه مورد بررسی قرار گرفتند، گفتند که این زمان خوبی برای خرید خانه است. پل هانتر، مدیرعامل MPC، گفت که این کمترین سهم در تاریخ ۱۲ ساله این نظرسنجی است. در سال ۲۰۱۷، آخرین باری که قیمت مسکن به اوج خود رسید، ۴۹ درصد بدبینی مشابهی را ابراز کردند.
گزارش وضعیت بازار مسکن توسط شرکت پیش‌بینی جهانی آکسفورد اکونومیکس اشاره می‌کند که قیمت خانه‌های انتاریو ۲۲/۵ برابر میانگین درآمد قابل تصرف است.
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گزارشی از وام‌های حرفه‌ای کانادا نشان می‌دهد که با شروع دوباره مردم به خرج کردن و افزایش نرخ‌های بهره، بخشی از گرمای بازار مسکن باید پراکنده شود.
کانادایی های خسته از بیماری همه گیر هرگز بیش از این در خانه های خود سرمایه گذاری نکرده اند. اما گزارشی که توسط وام‌های حرفه‌ای کانادا منتشر شد، نشان می‌دهد که افزایش قیمت مسکن، خوش‌بینی آنها را درباره مالکیت خانه از بین می‌برد.
تنها ۲۹ درصد از ۲۰۰۳ کانادایی که در ژانویه و فوریه مورد بررسی قرار گرفتند، گفتند که این زمان خوبی برای خرید خانه است. پل هانتر، مدیرعامل MPC، گفت که این کمترین سهم در تاریخ ۱۲ ساله این نظرسنجی است. در سال ۲۰۱۷، آخرین باری که قیمت مسکن به اوج خود رسید، ۴۹ درصد بدبینی مشابهی را ابراز کردند.
گزارش وضعیت بازار مسکن توسط شرکت پیش‌بینی جهانی آکسفورد اکونومیکس اشاره می‌کند که قیمت خانه‌های انتاریو ۲۲/۵ برابر میانگین درآمد قابل تصرف است.
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با این حال، پیش‌بینی می‌کند که با کاهش همه‌گیری و افزایش هزینه‌های اختیاری و افزایش نرخ‌های بهره و تورم، املاک و مستغلات سرد می‌شوند.
تیلور گفمیت که انتظار دارد بازار مسکن به شرایط قبل از همه گیری بازگردد. او گفت: "مردم در نهایت خواهند دوباره در مرکز شهر زندگی کنند، زیرا رستوران ها و موسیقی زنده - فرهنگی که قبلا در آنجا وجود داشت - ادامه خواهد داشت."
کار از راه دور وجود خواهد داشت که برخی از ارزش ها را در مناطق روستایی تر حفظ می کند. اما من تعجب نخواهم کرد اگر شاهد بازگشت کمی فعالیت اضافی به مناطق بسیار شهری و خنک شدن در (حومه شهر) باشم.»
این گزارش می گوید که کانادایی ها ۱۸۴ میلیارد دلار در سه ماهه اول ۲۰۲۰ تا ۲۰۲۱ پس انداز کرده اند. بیشتر این پول به خانه های آنها سرازیر شده است.
آکسفورد اکونومیکس پیش‌بینی می‌کند که نرخ یک‌شبه بانک مرکزی کانادا تا پایان سال به ۱/۲۵ درصد خواهد رسید و تا سال ۲۰۲۴ چندین افزایش خواهد داشت. این موسسه می‌گوید اکثر کانادایی‌ها می‌توانند تاثیر افزایش نرخ‌ها را بر وام‌های مسکن خود تحمل کنند.
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تیلور گفمیت که انتظار دارد بازار مسکن به شرایط قبل از همه گیری بازگردد. او گفت: "مردم در نهایت خواهند دوباره در مرکز شهر زندگی کنند، زیرا رستوران ها و موسیقی زنده - فرهنگی که قبلا در آنجا وجود داشت - ادامه خواهد داشت."
کار از راه دور وجود خواهد داشت که برخی از ارزش ها را در مناطق روستایی تر حفظ می کند. اما من تعجب نخواهم کرد اگر شاهد بازگشت کمی فعالیت اضافی به مناطق بسیار شهری و خنک شدن در (حومه شهر) باشم.»
این گزارش می گوید که کانادایی ها ۱۸۴ میلیارد دلار در سه ماهه اول ۲۰۲۰ تا ۲۰۲۱ پس انداز کرده اند. بیشتر این پول به خانه های آنها سرازیر شده است.
آکسفورد اکونومیکس پیش‌بینی می‌کند که نرخ یک‌شبه بانک مرکزی کانادا تا پایان سال به ۱/۲۵ درصد خواهد رسید و تا سال ۲۰۲۴ چندین افزایش خواهد داشت. این موسسه می‌گوید اکثر کانادایی‌ها می‌توانند تاثیر افزایش نرخ‌ها را بر وام‌های مسکن خود تحمل کنند.
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Are Canadian homeowners finally willing to sell? Maybe.
Early signs are indicating that more home sellers are jumping into Canada’s housing market, welcome news for buyers who have been facing persistent supply shortages.
A newly-published RBC Thought Leadership report by senior economist Robert Hogue says that while one month doesn’t necessarily make a trend, February’s market stats are signalling that more home sellers may be entering the market.
Early results from real estate boards across the country have shown month-to-month increases in new listings.
Purchasers are still facing a lack of home supply, a factor that continues to drive prices upward, especially in areas like the Fraser Valley, Toronto and Vancouver where values have continued to rise.
Sellers will play a central role in shaping up this year’s spring season.
Hogue mentioned that should the quantity of home sellers fail to increase, recent price trends are “likely to persist,” until significant interest rate hikes curb demand.
.
Early signs are indicating that more home sellers are jumping into Canada’s housing market, welcome news for buyers who have been facing persistent supply shortages.
A newly-published RBC Thought Leadership report by senior economist Robert Hogue says that while one month doesn’t necessarily make a trend, February’s market stats are signalling that more home sellers may be entering the market.
Early results from real estate boards across the country have shown month-to-month increases in new listings.
Purchasers are still facing a lack of home supply, a factor that continues to drive prices upward, especially in areas like the Fraser Valley, Toronto and Vancouver where values have continued to rise.
Sellers will play a central role in shaping up this year’s spring season.
Hogue mentioned that should the quantity of home sellers fail to increase, recent price trends are “likely to persist,” until significant interest rate hikes curb demand.
.
Housing Market Snapshot - February 2022
قابل توجه خريداران و فروشندگان محترم خانه:
با يك تيم حرفه ای در زمينه فروش و خريد منزل رویایی شما از ابتدا تا انتها همراه شما هستيم.
خدمات ارائه شده:
- ارائه وام با کمترین نرخ بهره موجود در بازار
First, Second, Third Mortgages
- ارزیابی رایگان منزل شما Home Evaluation
- یافتن منزل رویایی شما با توجه به محل و بودجه
- دستیابی به اطلاعات کامل بازار جهت تصمیم گیری صحیح در هنگام خرید و یا فروش خانه
- خدمات ویژه برای خریداران بار اولی First Time Home Buyer
- خرید خانه برای سرمایه گذاری Investment Property
- تازه واردین به کانادا Newcomers
- غیر ساکنین کانادا Non-Resident
- خدمات بازسازی Renovation
☎️راههای ارتباطی با ما از طریق تلفن، ایمیل، واتس اپ، فیس بوک، اینستاگرام و تلگرام:
+1 (647) 772-9502
hoizady@yahoo.com
وب سایت:
https://www.homelifecimerman.com/Hojjatollah-Izady
فیسبوک:
https://www.facebook.com/Hojjatollah.Izady
اینستاگرام:
https://www.instagram.com/ihoizady/
واتس آپ:
https://wa.me/message/72TR24AJCPDPJ1
لینک تلگرام:
https://t.me/Buy_and_Sell_Property_in_Toront
.
قابل توجه خريداران و فروشندگان محترم خانه:
با يك تيم حرفه ای در زمينه فروش و خريد منزل رویایی شما از ابتدا تا انتها همراه شما هستيم.
خدمات ارائه شده:
- ارائه وام با کمترین نرخ بهره موجود در بازار
First, Second, Third Mortgages
- ارزیابی رایگان منزل شما Home Evaluation
- یافتن منزل رویایی شما با توجه به محل و بودجه
- دستیابی به اطلاعات کامل بازار جهت تصمیم گیری صحیح در هنگام خرید و یا فروش خانه
- خدمات ویژه برای خریداران بار اولی First Time Home Buyer
- خرید خانه برای سرمایه گذاری Investment Property
- تازه واردین به کانادا Newcomers
- غیر ساکنین کانادا Non-Resident
- خدمات بازسازی Renovation
☎️راههای ارتباطی با ما از طریق تلفن، ایمیل، واتس اپ، فیس بوک، اینستاگرام و تلگرام:
+1 (647) 772-9502
hoizady@yahoo.com
وب سایت:
https://www.homelifecimerman.com/Hojjatollah-Izady
فیسبوک:
https://www.facebook.com/Hojjatollah.Izady
اینستاگرام:
https://www.instagram.com/ihoizady/
واتس آپ:
https://wa.me/message/72TR24AJCPDPJ1
لینک تلگرام:
https://t.me/Buy_and_Sell_Property_in_Toront
.
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نوروز ۱۴۰۱ بر شما مبارک
Happy Noorouz 1401
Happy First Day of Spring!
Happy Noorouz 1401
Happy First Day of Spring!
Average Canadian Home Price Passes $800K for First Time on Record
The average Canadian home price has hit yet another new record, broaching the $800,000-mark for the first time in February. Home buyers across the nation can now expect to shell out $816,720 — up 20.6% from the same time last year, according to the latest data from the Canadian Real Estate Association.
That’s a 3.5% uptick from January, and reflects a record 29.2% year-over-year increase in the Home Price Index benchmark. Of course, that’s heavily influenced by the nation’s largest markets; stripping Toronto and Vancouver out of the equation would reduce the average by $178,000, to $638,720.
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The average Canadian home price has hit yet another new record, broaching the $800,000-mark for the first time in February. Home buyers across the nation can now expect to shell out $816,720 — up 20.6% from the same time last year, according to the latest data from the Canadian Real Estate Association.
That’s a 3.5% uptick from January, and reflects a record 29.2% year-over-year increase in the Home Price Index benchmark. Of course, that’s heavily influenced by the nation’s largest markets; stripping Toronto and Vancouver out of the equation would reduce the average by $178,000, to $638,720.
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Could Steep New Mortgage Rules Be On the Way for Real Estate Investors?
Speculative real estate activity has long been vilified as a leading contributor to skyrocketing home prices and lack of supply in Canada’s biggest markets; could new restrictions, that will actually effectively curb investor demand, be coming down the pipe?
Recent chatter in the mortgage space posits Canada’s finance policy makers could be mulling over significant changes for borrowing criteria on investment properties:
- A minimum down payment of 35% (up from the current 20% for non-owner occupied properties)
- Banning the use of a Home Equity Line of Credit as a down payment source, in addition to borrowed or gifted funds, on an investment property
.
Speculative real estate activity has long been vilified as a leading contributor to skyrocketing home prices and lack of supply in Canada’s biggest markets; could new restrictions, that will actually effectively curb investor demand, be coming down the pipe?
Recent chatter in the mortgage space posits Canada’s finance policy makers could be mulling over significant changes for borrowing criteria on investment properties:
- A minimum down payment of 35% (up from the current 20% for non-owner occupied properties)
- Banning the use of a Home Equity Line of Credit as a down payment source, in addition to borrowed or gifted funds, on an investment property
.
Yes, Canada Has a Housing Affordability Crisis. Is It the Federal Government’s Fault?
It would be accurate to call Canadians’ struggles with housing an outright crisis. Never before in Canada’s history has housing been as far out of reach for so many people as it is today. And while there are many contributing factors, how much is federal leadership, and their policies, to blame?
Elected in 2015 with a majority mandate, the Liberal Party has since survived two elections to form minority governments. During last summer’s election campaign, housing was front and centre and each party released comprehensive platforms intended to curb runaway home prices — but it seemed previous failures to prioritize new supply and to curb rapid price appreciation were overlooked.
Since then, the affordability crisis has arguably worsened.
.
It would be accurate to call Canadians’ struggles with housing an outright crisis. Never before in Canada’s history has housing been as far out of reach for so many people as it is today. And while there are many contributing factors, how much is federal leadership, and their policies, to blame?
Elected in 2015 with a majority mandate, the Liberal Party has since survived two elections to form minority governments. During last summer’s election campaign, housing was front and centre and each party released comprehensive platforms intended to curb runaway home prices — but it seemed previous failures to prioritize new supply and to curb rapid price appreciation were overlooked.
Since then, the affordability crisis has arguably worsened.
.
Ontario To Raise Penalties for Profiteering Developers Cancelling Pre-Con Sales
The Government of Ontario will crack down on house and condominium developers unjustifiably cancelling or increasing the price of pre-construction sales agreements, Minister of Government and Consumer Services Ross Romano confirmed on Thursday.
Developers found to be breaching these ethics rules will face heftier fines than are currently in place, as well as the possibility of a suspended license.
“Last November, Premier Ford vowed to protect condo buyers from developers trying to make extra money off the backs of hard-working people,” Romano said. “Our government is following through on that promise to crack down on bad actors and defend future homeowners from the unethical and egregious practice of unfairly cancelling pre-construction projects.”
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The Government of Ontario will crack down on house and condominium developers unjustifiably cancelling or increasing the price of pre-construction sales agreements, Minister of Government and Consumer Services Ross Romano confirmed on Thursday.
Developers found to be breaching these ethics rules will face heftier fines than are currently in place, as well as the possibility of a suspended license.
“Last November, Premier Ford vowed to protect condo buyers from developers trying to make extra money off the backs of hard-working people,” Romano said. “Our government is following through on that promise to crack down on bad actors and defend future homeowners from the unethical and egregious practice of unfairly cancelling pre-construction projects.”
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Detached
For Sale Listed for: $2,380,000
4+2 Bedrooms
6 Bathrooms
2 Garage
1 + 1 Kitchens
Tax: $7,118.88/2021
Property Type: Detached, 2-Storey
Building Age: -
Size: 3,000 - 3,500 feet²
Lot Size: 48.79 × 125.15 feet
Total Parking Spaces: 6, Attached 2 Garage, 4 parking
Basement: Finished
Description:
The Beautiful Bright Home Located in Westbrook Top School Zone! Gorgeous Modern Open Concept, Hard Wood Floors at Main Floor and 2nd Floor. Featuring Large Eat-In Kitchen W/Granite Counter, Fin Basement W/3Pc Washroom & Large Walk-In Closet. Mins drive to top Ranking School Richmond H.S. And St. Theresa H.S.
For Booking please call:
Hojjatollah Izady
Realtor
HomeLife/Cimerman Real Estate Ltd., Brokerage
647-772-9502
hoizady@yahoo.com
.
For Sale Listed for: $2,380,000
4+2 Bedrooms
6 Bathrooms
2 Garage
1 + 1 Kitchens
Tax: $7,118.88/2021
Property Type: Detached, 2-Storey
Building Age: -
Size: 3,000 - 3,500 feet²
Lot Size: 48.79 × 125.15 feet
Total Parking Spaces: 6, Attached 2 Garage, 4 parking
Basement: Finished
Description:
The Beautiful Bright Home Located in Westbrook Top School Zone! Gorgeous Modern Open Concept, Hard Wood Floors at Main Floor and 2nd Floor. Featuring Large Eat-In Kitchen W/Granite Counter, Fin Basement W/3Pc Washroom & Large Walk-In Closet. Mins drive to top Ranking School Richmond H.S. And St. Theresa H.S.
For Booking please call:
Hojjatollah Izady
Realtor
HomeLife/Cimerman Real Estate Ltd., Brokerage
647-772-9502
hoizady@yahoo.com
.