Zev Mandelbaum

If the October market is any indication, we could see an even livelier market in the Spring. In this week’s Residential Market Commentary, we examine The Canadian Real Estate Association’s October sales and pricing data and what it foretells for Spring.    #realestate #housingmarket #CREA https://lnkd.in/gEy7NScx

21

Multifamily / apartment residents want larger suites, and will make sacrifices to get them. This and more from the simplydbs 2024 Canadian Multi-Residential Satisfaction Study, in Sarah Segal's new CRE Data Deep Dive column. #cre #crecanada #realestate #housing #leasing #buyandsell #multifamily #apartments

15

Unlock the secrets of smart real estate investing with Mike Bolger's Ultimate Guide! Dive into strategies that elevate your investment game. Whether you're a newbie or a pro, this guide is your key to making informed decisions. Don't wait, transform your investment journey today! https://lnkd.in/gr6Kit7B #RealEstateInvesting #StrategicInvestment #MikeBolger #InvestmentGuide #RealEstateWisdom

6

The MLS rules are changing as of December 2 and here is a review of some of the rules to know. The rules will help to unify the requirements applicable to realtors using the MLS PropTx system and will also help clarify the requirements to support you when listing properties. Stay tuned for further videos with additional rule highlights and if you have any questions, make sure to speak with your broker of record to ensure you are always in compliance.

11

Halifax Real Estate Market Update: October Overview and Trends As we close out October, it’s clear that Halifax’s real estate market is in an interesting phase, marked by notable shifts in home sales, pricing trends, and buyer behavior. September’s low sales numbers set a cautionary tone, and October followed with similar market dynamics. Below, we’ll explore the data in detail, highlighting key shifts, pricing trends, and what this might mean for Halifax home sellers and buyers alike. Halifax Home Sales: October Shows Slight Recovery After September’s Decline The real estate market in Halifax took a noticeable dip in September, with only 386 single-family homes sold, the lowest number since March, which saw 296 transactions. October saw a small recovery, with 386 homes sold, slightly up from September yet lower than the 394 units sold in August. This consistent decrease may signal a cooling trend in the market, especially as we enter the colder months, traditionally a slower period for real estate. The fall in sales volume is raising eyebrows, particularly as Halifax’s housing market has previously demonstrated robust activity even during slower times. Interest rates and the stress testing likely play a role in this shift, making mortgages less accessible and reducing purchasing power for many potential buyers.

The Halifax Regional Municipality is contemplating introducing incentives to prompt developers to convert unused spaces, like offices, into apartments in response to the housing crisis. With a notable 18% vacancy rate for offices in Downtown Halifax due to the shift towards remote work during the pandemic, repurposing these spaces for housing could significantly impact the housing shortage. This strategic move could help address the pressing need for more available housing options in the area. #HalifaxHousing #UrbanDevelopment.

18

1 Comment

Ottawa Housing Market Update: Sales Soar 46% as New Listings Climb This Fall. As the spooky season wraps up, one thing’s clear—the Ottawa housing market is on fire! Sales activity surged by an impressive 45.9% year-over-year, with all four housing sectors seeing significant growth. While the overall benchmark price has increased, apartment prices continue to trend downward. Meanwhile, new listings rose by 10.4% from last October, setting up for a busier-than-usual end to the year—a time that’s typically quieter in Ottawa’s market. Curious about how this impacts you? Reach out anytime—we’d be thrilled to assist in navigating these changes and exploring what they mean for your unique goals. #marketstats #thinkrealtygroup #emonbehjati #saeedchezanisharai #ottawarealestate #torontorealestate

1

Sotheby's International Realty Canada’s latest Top-Tier Real Estate Report revealed that Canada’s luxury housing market held steady through the third quarter, navigating the combined effects of population growth, easing mortgage rates, and ongoing global uncertainties. Notably, Toronto and Vancouver’s luxury condominium markets have shifted to favour buyers, with stabilized prices and increased inventory providing rare opportunities in two of Canada’s most in-demand cities. While the luxury condo segment tilts towards buyers, demand for single-family luxury homes remains resilient, reflecting buyer preference for premium craftsmanship, distinctive features, and prime locations across the country. This report offers valuable insights for those considering high-end property investments this season. Want to know more? Explore the full report for an in-depth look at how market dynamics are shaping luxury real estate across Canada. Read the report: https://lnkd.in/gKd6kUq9 #SothebysCanada #LuxuryRealEstate #MarketTrends #Fall2024 #TorontoRealEstate #VancouverRealEstate #LuxuryLiving #PrimeLocation #TopTierMarket #InvestmentOpportunities #ExclusiveProperties #BuyersMarket #LuxuryHomes #RealEstateCanada #PopulationGrowth #CanadianHousing #EngelbrechtAssociates

10

2 Comments

Not everyone understands but ... While Toronto lots may cost more, waived DCs and comparable construction costs can balance out your investment. But perhaps most importantly, higher cap rates and property values often mean bigger gains ahead! #TorontoRenovations #ValueAddReturns #RealEstateInvesting #LanewaySuites #GardenSuites #PropertyUpgrades #ROIInRealEstate #InvestmentReturns #SecondarySuites #BasementApartments

1

🔥 Discover why Surrey is the hottest market for real estate investment in May 2024. Want the inside scoop on Surrey's real estate? Dive into market trends, explore top properties, and catch our special community event highlight. Don't miss out—watch our latest video on Sunny In Van! 🌟 https://lnkd.in/gpFwfD-D ✅Don't Forget to LIKE 👍 SUBSCRIBE 🔔️SHARE ↗️ Contact Sunny In Van now! 📱 604-283-7610 📧 [email protected] 🌐 Check out www.sunnyinvan.com for more details ***The information included is for educational purposes only. This is not financial or professional advice.*** ⭐ Explore our social media profiles! ⭐ IG: https://bit.ly/3En1xtv Twitter: https://bit.ly/3EotuRG Facebook: https://bit.ly/3sHkDrG TikTok: https://bit.ly/3LtLYED #help #education #mortgage #mortgagebroker #property #vancouver #surrey #burnaby #sunnyinvan #realtor #realestate #socialmedia #marketing #website #entrepreneur #house #property #forsale #branding #bitcoin #training #goals #sold #dreamhome #realtorlife #listing #investment #business #metaverse #NFT #blockchain #crypto #VancouverRealEstate #BusinessTrends #RealEstateBoardUpdate #PropertyNews #VancouverRealEstate #StrategicInvestment #MarketInsights #HousingPolicy #ProfessionalNetwork #MarketAnalysis #BCRealEstate #FlippingTax #BusinessGrowth

3

BREAKING #CRE NEWS: CAPREIT acquires $387M in new apartment buildings in Halifax, Vancouver, Ottawa, Edmonton areas. Part of $477M in Q2 transactions, including sales in Toronto, Burnaby, Maple Ridge. Details... #realestate #crecanada #transactions #acquisition #apartments #rentals #vancouver #ottawa #edmonton #halifax #toronto #breakingnews

96

The Canadian #office market is turning a corner toward greater stability and a rise in suburban office activity, according to Colliers' Q3 2024 National Market Snapshot – via Real Estate News Exchange (RENX)

1