Some housing predictions for 2021. CIBC issued their weekly market update with some very interesting observations and predictions. The pandemic has resulted in job loss in the lower end of the job sector including services which is a major factor. The higher end job sector has for the most part not been impacted, people spent less hence they saved money plus interest rates are very low. They need and want more space and have created demand in the higher end market. On the other hand, the... [read more]

Holidays are approaching and we will have to deal with a different holiday where families can’t always be together. Kids will be off school, what will they do and mothers are trying to figure out how their kids will survive the holidays in a safe way. We all need people - community is important now more than ever. "The Garage” has become an important piece of real estate. Garages all over are being converted to gyms and places to have small gatherings -a friend termed it... [read more]

How will real estate fair during the lockdown. We are heading into the holiday season which will be very different this year. Interest rates are low, inventory is low and I believe demand is still there. People are somewhat bored - there is nowhere to go and no one to see. As real estate is deemed an essential service - it may just be a good time to move. The next number of weeks may be quiet but we could see a surge of activity early in the year. With a vaccine coming and hope in the air -... [read more]

Interest rates are low, stock market is up, certain sectors of the economy are down and certain ones are up. We have a new president, and it looks like a vaccine is coming. People want space and they want to get back to living. How does all this net out in real estate. It’s tough to tell. Demand is still high and supply is low in the housing market. Hence we anticipate the housing market to continue to be strong but there appear to be too many condos for the demand so the condo market... [read more]

As we head into the second wave of pandemic along with fall and winter living space is becoming all the more important. We will be spending way more time at home than ever, hence the real estate market continues to thrive as people look for more comfortable living space for their families. Construction is booming as many are making improvements to current space. Supplies of certain building products are low or out of stock. Home gyms have become very popular. Very few are travelling so... [read more]