If you’re following the headlines related to real estate, you’ve likely about the news release issued by the Canadian Mortgage and Housing Corporation (CMHC) regarding their forecasts for Canadian real estate. CHMC, Canada’s largest provider of mortgage insurance in Canada, estimates an incredible 9-18% decrease in the average home values across the country by 2021.
Headlines around the country speculate on the potential impact of COVID- 19 on the real estate market. Some are calling for an outright crash due to record unemployment rates. Some are saying that when all this dies down, we’ll just go back to where we left off with strong housing prices in Guelph. Who’s right?
This COVID-19 health crisis doesn’t seem to have an end date yet, so aside from adjusting to our “new normal” (a.k.a. self-isolation and staying at home), we also have to prepare for an uncertain future. Besides, you’re probably looking for things to do in Guelph anyways!
Now with just over five weeks of social isolation, many of us are forming new habits. Maybe spending more time on video chats, discovering a new TV show or accepting a new hairstyle. Regardless of what you’re doing, it’s likely a big change from the normal day-to-day. The current state of things Our front-line workers are
The past few weeks have felt pretty surreal. Self Isolation is a word we didn’t even know about in early 2020. Now, here we are with mounting cabin fever and anxiety knowing that there’s probably another 30 days of this- at least. Someone told us that this is likely “an event of the century”, where
Within two weeks, the world has changed dramatically. We’re now in the face of massive closures and shutdowns, cancelled sports seasons, stock market declines and fistfights in the aisles of Costco over toilet paper. COVID-19, or the Coronavirus, has impacted everyone internationally in one way or another. But does the trickle-down of this global virus
You’ve definitely heard how important this is in real estate — and that’s because it’s true! Location is a crucial factor when it comes to the value of your home. Not only does what part of town you are in matter, but what is physically near you can actually help or hinder your property value.
Bidding wars. Buyers are frustrated. Sellers cashing in. These echo the sentiments of the Guelph real estate news headlines in 2017. So far in 2020, we’re almost on an identical path. Sellers, you may want to keep reading. In January 2017, the months of inventory (MOI) was bouncing around the one-month level. This means, that at
A story published this week in Forbes reported that Purplebricks Canada offered employees paid days off for made up 5 Star Reviews on Facebook and Google. In March of 2019, Purple Bricks, formerly known as Comfree, ran a contest within their brokerage to get friends and family members to write glowing reviews of the brokerage “whether
To many, the new year brings on resolutions and new habits. But for investors, in particular investors of student rental properties, the new year brings new opportunity to create, build or expand their real estate portfolio. The student lease cycle typically runs from May 1 to April 30, so many investors begin their search early