Tag Archives: real estate trends

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2018 RE/MAX Spring Market Trends Report

A recent RE/MAX survey conducted by Leger found more than one in four Canadian homebuyers report feeling pinched by the stress test, which came into effect in January of this year. However, projections for the spring market show optimism with most markets expected to remain stable or improve.

Despite all of the factors involved, the spring market across most of the country is forecasted to strengthen as we head into the warmer months. Supply is still low in many markets, and while the prices may not reach the same levels as this time last year, we are expected to see continued healthy price appreciation from the earlier months of this year across many regions in the country.

The average residential sale price in the Greater Toronto Area dropped to $753,747, down almost 10 per cent from $834,144 in January and February of 2017. With move-up buyers driving the market — many of whom are making their second or third transition — alongside a booming condominium market, prices are forecasted to soften throughout the year. Not all regions in Ontario are being affected like the GTA. In Ottawa, the average residential sale price in January and February was $388,289, up four per cent from the same period in 2017, and Kitchener-Waterloo saw a five per cent price increase year-over-year.

Activity in Hamilton-Burlington was driven by first-time homebuyers, primarily single Millennials and young families.

Buyers looking to downsize have also contributed to some of the activity in the condominium market. Millennial demand and immigration growth have all contributed to a strong detached home market in January and February.

RE/MAX Report Hamilton-Burlington

Click here to read the full report

Looking to sell your home? Or buy a first time home, or move up, or downsize? Let Lori VanDinther, RE/MAX Sales Representative guide you through the process and help you make the right moves. With over 23+ years of successfully selling real estate in Burlington/Hamilton area, Lori has the experience and market knowledge. Contact Lori today.

The 2017 Profile of Home Buyers and Sellers

The following infographic based on an annual survey, put together by the National Association of REALTORS®, shows some interesting statistics about home buyers and home sellers.

  • 34% of all home buyers are First-time home buyers
  • 54 is the age of repeat home buyers, which has been increasing
  • There is a decline in married couples buying homes
  • There is an increase in single females buying homes
  • 8% homes are sold by the owner
  • 87% use an agent when buying a home
  • 89% use an agent when selling a home
  • Home are 3 weeks on market
2017 profile of home buyers and sellers

Click here to view size

Looking for a professional and dedicated Burlington Real Estate Agent? Let Lori VanDinther and her team help you sell your home for more money or help you find buy an ideal home with ease. Or both!

Canadian Farmland Market 2014

Interested in seeing how farm property values are across Ontario in 2014? Look no further!

Canadian Farm Report 2014 REMAX

WINDSOR-ESSEX
– Prices in Windsor-Essex remained steady in 2014
– Area factory closure has motivated owners to shift from tomato crops to corn, beans and wheat productions.
– Stable demands and limited supply has meant properties do not last long on the market
– price per acre: $6,500 – $11,000

CHATHAM-KENT
– High demand for high quality land has caused prices to rise by as much as 100 per cent in some areas
– Properties of all qualities are selling fast, often between three and six months
– Demand and prices in the area are expected to remain strong
– price per acre: $7,000 – $22,000

HURON COUNTY
– Year-over-year price increases plateaued by mid-2014 amid weaker crop prices
– Many buyers are family-owned operations seeking to expand
– Hobby farms are becoming more difficult to finance
– price per acre: $13,500 – $15,000

LONDON-ST. THOMAS
– Market held strong through the winter and farms continue to sell within one month
– Foreign investors are looking to buy land with development potential
– Lenders have been less enthusiastic about financing hobby farms
– price per acre: $7,000 – $12,000

WOODSTOCK – STRATFORD
– Challenging weather conditions have led to increased days on market, but no significant change in land – prices
– Sales of dairy and feather farms drove price increases, while cash crop properties have leveled off
– Buyers are looking for proximity to highways, processing facilities and existing infrastructure
– price per acre: $14,000 – $20,000

KITCHENER – WATERLOO
– Prices in Kitchener-Waterloo are leveling off as demand drops
– Properties are staying on the market longer due to lack of demand
– Hobby farms lead the way in sales volumes
– price per acre: $14,000 – $18,000

BRUCE COUNTY
– High demand has tapered off as buyers and sellers differ on price
– Unpredictable weather and uncertain harvest is causing buyers to hesitate
– Potential buyers of hobby farms are finding it difficult to secure financing
– price per acre: $6,500 – $10,000

GREY COUNTY
– Average prices have increased by nearly 20 per cent
– Prices for certain types of land have more than doubled in three years
– Farmers migrating to Grey County to get a better price for comparable land quality are driving demand
– price per acre: $3,500 – $8,500

SOUTH SIMCOE
– Demand for agricultural land is strong as farms near the Greater Toronto Area sell to developers
– Many buyers are established farmers seeking to expand existing operations
– Demand and prices expected to increase for the foreseeable future
– price per acre: $10,000 – $25,000

QUINTE
– High quality land at an affordable price provides excellent value amid soft commodity prices
– Many buyers are established farmers seeking to add to existing holdings
– Market is expected to be stable over the next 24 to 36 months
– price per acre: $1,500 – $7,500

STORMONT, DUNDAS AND GLENGARRY COUNTIES
– Prices increased in 2014 due to a shortage of available land
– Highest prices in the area are closest to the Ontario-Quebec border
– Cash crop farmers are expected to continue to grow operations, further driving demand
– price per acre: $7,000 – $17,000

OTTAWA VALLEY
– Tile-drained land is selling briskly despite soft commodity prices
– Area properties provide excellent value with less expensive prices for comparable quality to other parts of Ontario
– Mennonites from southwestern Ontario are relocating to the region and establishing small communities
– price per acre: $8,000 – $10,000

Lori VanDinther, a long time resident of Burlington, has been successfully selling Real Estate in Burlington, Oakville, Carlisle, Kilbride, Waterdown and surrounding areas for over 20 years. If you’re looking to make an investment in real estate get in touch with her today info@loriv.com

For a full RE/MAX Farm 2014 report that includes other Canadian provinces click here.