It’s official: the current real estate market is one for the record books! 🏅 Wondering if 2022 will keep the pace? Here’s a look at 5️⃣ factors that illustrate where the housing market is headed next year: 📈 Mortgage rates are on the rise 💰 Home prices level off 📉 Home sales slowing 🏠 Lack of inventory 🏗️ Increased construction The exact mix of conditions we have today creates opportunities for both buyers and sellers. In a July release, the Canadian Real Estate Associa

An estimated 682,900 homes are expected to be sold in Canada by the end of 2021. That’s an increase of 23.8% from 2020! 😮 But thanks to rising prices and a shortage of available properties, home sales volume is steadily dropping 📉 And experts predict total home sales to decline by 13% in 2022, to just 594,000 properties 🔮 #realestate #realestateagent #homeowner #realestatemarket #marketstats #homevalues #mortgagerates #mortgage #realestatetrends #realestatetips #buyer #hom

Housing inventory is lower than low… 🏚️😟 We’re down compared to this time last year, and we already had a housing shortage back then. But, good news is on the horizon! Construction is up and expected to ease the strain on demand by 2023 🏘️🔨 And more newly built homes = more opportunity for buyers. #realestate #realestateagent #homeowner #realestatemarket #marketstats #homevalues #mortgagerates #mortgage #realestatetrends #realestatetips #buyer #homebuyer #seller #housingm

It’s official: the current real estate market is one for the record books! 🏅 Wondering if 2022 will keep the pace? Here’s a look at 5️⃣ factors that illustrate where the housing market is headed next year: 📈 Mortgage rates are on the rise 💰 Home prices level off 📉 Home sales slowing 🏠 Lack of inventory 🏗️ Increased construction The exact mix of conditions we have today creates opportunities for both buyers and sellers. #realestate #realestateagent #homeowner #realestate

Do you actually NEED an appraisal? ⚠️ With all the drama surrounding appraisals these days, you may be wondering if you can skip the process altogether. The short answer: maybe. Here are 3️⃣ scenarios where a formal appraisal may be waived ⬇ 🏠 A buyer purchases mortgage insurance 💰 A buyer makes a large down payment 💻 A lender uses an automated valuation model (AVM) Want to learn more about the appraisal process requirements? Contact us, Laurie at 514-575-7984, Shapoor at

Think buyers will pay whatever you want to set your list price for? 💸 You may be surprised! 😲 Don’t forget the bank will send an appraiser to determine the fair value for your house and will not lend more to the buyer than what it’s worth. Which can result in a strong offer fizzling out quickly. Whether you’re buying or selling, the appraisal is a major hurdle in a rapidly appreciating market. But it’s important to remember: you don’t need to manage this process by yourself

Buyer demand is at an all-time high due to a combination of record-low interest rates and limited housing inventory. Here’s what that means for sellers… 💥 You have gained equity 💥 You’ll likely earn a great ROI 💥 You won’t have a lot of competition 💥 You’re in a strong position to negotiate terms It’s important to remember that real estate is LOCAL, not national. If you want to know what home appreciation 📈 is looking like for a specific area, message our team! 📩 #reale

A good portion of every family’s 👪 wealth comes from the equity in the home 🏡 they live in. As the value of their home (an asset) increases, so does their equity. Today, we’re seeing home values appreciate 📈 at a rapid pace due to a lack of inventory ⬇ and pent-up demand ⬆, giving an unexpected financial boost 💸 to many homeowners. To learn more about how rising home prices have impacted your net worth and bottom line, head to our latest blog. #realestate #realestateagent