Lee Quaile Broker of Record There’s been a fair amount of contradictory analysis floating around out there this summer concerning whether Canada will follow our American cousins into an economic recession this year. A quick Google search will show you exactly what I mean, with headlines like “Canada’s economy is headed for a recession” and “Here’s why experts say Canada isn’t...
Lee Quaile Broker of Record It’s a fair question. You’d think that after two years’ worth of price increase after price increase, weary and frustrated buyers would now be coming out in droves to take advantage of a cooling market. But while the buyer pool hasn’t necessarily disappeared altogether, the numbers do point (both statistically and anecdotally) to fewer people being ready to pull...
Lee Quaile Broker of Record We all know that nothing lasts forever; a ‘true-ism’ that applies within every realm of our material world. For many months it was the turn of homeowners to watch their property values climb up and up and up, and to cash in on record-breaking sale prices all over Southwestern Ontario. Meanwhile, for anyone else who found themselves on the purchasing side of a real...
Lee Quaile Broker of Record It’s a number that anyone who follows the real estate industry with any degree of regularity could see coming for months now, but somehow seeing it in print doesn’t make its realization any the less shocking: the average single detached home in Kitchener-Waterloo sold for nearly One Million Dollars ($997,654) in October. Some might try to write the million dollar...
Lee Quaile Broker of Record Five weeks of promises and pledges are now behind us – with Canadians having just elected our 44th session of Parliament, we are once again left with a minority government in charge of determining the country’s direction for the next few years. The Liberals managed to eek out the largest proportionate number of seats once more, with the Conservatives firmly in...
What does this campaign promise mean in practice? Lee Quaile & Erik ErwinBroker of Record & Sales Representative,Chestnut Park West With the announcement of this year’s impending Federal Election on September 20th, Canada’s six major political parties have all scrambled into campaign mode. And aside from perennial top-of-the-ticket issues such as health care, unemployment, foreign...
Southern Ontario Homebuilders Face Increasing Obstacles Lee Quaile Broker of Record If there’s one overarching theme to this past year’s real estate market in Southern Ontario, it’s been the inadequacy of supply in keeping pace with surging demand from homebuyers. This most fundamental of economic laws has served as an engine to drive prices ever higher in our region since early last...
Equity firms, REITs, & private investors have long been active in Ontario housing markets. Lee QuaileBroker of Record A Toronto-based developer made headlines in Canada’s business world last month when it announced its intention to pour $1 Billion into residential housing markets across the country. The plan, as laid out by Core Development Group, is to buy up to 4,000 homes in targeted...
Rules for Homebuyers Lee QuaileBroker of Record Admitting failure and backtracking is difficult enough for most people, but when’s the last time you heard of a government-affiliated agency tapping out and issuing a public statement outlining their mistakes? It’s a rare occurrence! But that’s exactly what happened earlier this week when Canada’s federal housing agency (CMHC) came...
Lee Quaile Broker of Record As we round the corner from June into July and the summer holiday season gets well and truly underway, tradition dictates a seasonal slow-down in real estate markets. At least, that’s how things have usually unfolded along historical lines. But with an anything-but-normal past 18 months, are any of us out there really surprised by this point that sale...