Residential sales up 15.8% in February 2016 compared to a year earlier. New listings in Ontario numbered 25,384 units in February 2016, an increase of 3.8% compared to last year. The provincial average price of homes in February 2016 rises 12.7% compared to a year earlier. There were 2.8 months of inventory at the end of February 2016.
by Scott Carter Green business is alive at The University of Guelph’s College of Business and Economics. The college’s mission – to develop and be ‘leaders for a sustainable world’ – runs through its students, researchers, and alumni. In 1993, the College introduced a unique undergraduate program focusing on the real estate and housing market. … Continue reading Helping Grow Greener Communities: Sustainable Real Estate at the University of Guelph
Georgina Home Sales Overview Click to view/download the full report: February 2016 Market Report Keswick South continued to lead the pack in home sales in Georgina, claiming 20 of the 70 home sales. The big, striking movement in the market came from Sutton & Jackson’s Point, which lagged behind the leader by only 4 home … Continue reading February 2016 Georgina Real Estate Market Report
This report describes all home sales and real estate market activity in Georgina in January, 2016.
Late in 2015 I wrote this article about why neighbourhood walkability is going to play a large role in the development of Georgina. Neighbourhood walkability is a major demand amongst the three most prominent real estate buyer groups in Georgina’s market in 2016: First time homebuyers in Keswick First time home buyers demand walkability for … Continue reading Walkable Neighbourhoods in Georgina: Uptown Keswick
The new federal legislature requiring a 10% downpayment for homes over $500,000 will cause several positive economic externalities for Georgina's real estate market.
Everyone hates tax. And even more so, everyone hates substantial increases in tax. It's no secret that real estate professionals are not supporters of excessive land transfer tax. It costs our clients more money, and it redirects the natural course of the market. Currently, Toronto is the only municipality in Ontario that has a municipal … Continue reading What Wynne’s new land transfer tax means for the real estate market.
In the aftermath of one of the most controversial elections in Canadian history, it's no surprise that we've all been inundated with biased critiques of the policy and individuals involved. I'll be the first to admit that I don't understand every aspect of policy that's been changed, but I do understand a part of it. … Continue reading What Trudeau’s new RRSP policy means for the real estate market.