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News, Real Estate

Canada’s Drop In GDP Made The Economy Even More Dependent On Real Estate

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Canada’s real estate industry has seen a smaller impact than the general economy during the pandemic.

Residential investment is residential real estate’s direct contribution to the economy.

It includes the construction of new houses, major renovation, and ownership transfers.

Drops in residential investment are considered red flags for the economy.

Residential investment as a percent of GDP in Q2 increased to 7.48% This is up from 7.25% last year.

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News, Real Estate

Wednesday August 26, 2020 Kitchener Waterloo Real Estate News

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In the world of real estate, we always talk about average this and that. We talk about the market as a whole (which is doing very well in every Canadian market). Link. But in most major markets, rental rates are down and the number of condos listed for sale last month are up. The entry level market is hot, but the number of families moving into the region is a little flat.

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News, Real Estate

Very competitive, especially at entry level!

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In this instalment of “How’s the market?” we witness the spring market arriving late. Buyer’s have not postponed or delayed their searches as they’ve headed out of town for the summer. They are here and out shopping in droves, especially at the entry level of the market.
In the “move up” market, there are lots of listing and sales are strong, but here buyers have a little more room for conditional offers.
Will we next go through the traditional summer slow down that usually happens between the middle of July till the middle of August? It does not seem so.

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