Author: homegoal.ca
Calgary’s short-term rental (STR) market has grown steadily over the years, so the City has initiated a two-year study, conducted by the University of Calgary, to assess the regulation of this key market and gain input on it. The study aimed to learn more about this market and how it impacts housing, neighbourhoods, and the city’s economy. The findings, which included input from surveys and public consultations, will be used to guide potential updates to Calgary’s short-term rental regulations. Calgary’s STR market, which includes platforms like Airbnb and VRBO, has been steadily expanding since 2017. As of September 2023, there…
The Vancouver office market is not what it once was. Save for a few notable ones such as Oxford Properties’ sale of 401 W Georgia and 402 Dunsmuir and TD Greystone selling a 20% stake in Telus Garden to Morguard, transactions have been few and far between this past year, making each one that occurs noteworthy. In mid-December, however, Casey Pollard, Senior Vice President at CBRE Vancouver, announced that he had sold the office building at 1190 Melville Street in downtown Vancouver, at the intersection with Bute Street near Coal Harbour, on behalf of Vancouver-based real estate developer Reliance Properties.…
Canadian real estate isn’t getting much of a boost despite lower rates and billions in stimulus. Canadian Real Estate Association (CREA) data shows the price of a typical home (composite benchmark) slipped lower in December. Despite plunging rates, most provinces saw prices grind lower and all but one remained lower than the record high. Meanwhile, provinces like Ontario are seeing home prices fall further into correction territory. Canadian Real Estate Prices Slipped Lower In Most Provinces Canadian real estate prices generally slipped last month. The benchmark composite fell 0.2% ($1,500) to $705,600 in December. Prices are now down 17.2% (-$146,400)…
Fulfilling a lifelong dream of becoming a homeowner is exciting and rewarding. For many of us, this dream revolves around owning our forever home. While it’s good to stay focused on your goal, it may be necessary to take smaller steps to reach that goal by looking for a starter home instead. If this is your first home, it’s important to think about what type of house you should look for. Should you save longer to buy your forever home or invest now in a starter home? Here’s a few suggestions that you can consider while making your decisions. Breaking…
The home in Owen Sound will be flipped and sold, with profits going to local charities, source: flippedgreybruce.ca/ You never know when inspiration will strike. Mike Seiler was watching a home renovation show while he and his wife were on holiday when had an idea. With the size of his brokerage, his realtor base and his ties to the community, he wondered: why couldn’t a home be flipped and the proceeds donated to local charities? Indeed, why not? An energetic, excited Seiler, broker/owner of Century 21 In-Studio Realty Inc. in Owen Sound, Ont., got to work. The realtor, who has…
Welcome to Meet the Agent, an ongoing series profiling real estate agents from across Canada. With more than 150,000 agents, brokers, and salespeople working in 75 different boards and associations across the country, we thought it was about time they had a place to properly introduce themselves. If you or someone you know deserves the same chance, email agents@storeys.com to apply.THE DETAILSName: Randa SalibAreas of Focus: Ottawa and surrounding areasPersonal Channels: Instagram | LinkedIn | WebsiteYears of Experience: 10THE INSIGHTSWhere did you grow up?I grew up in the GTA and moved to Ottawa about 14 years ago.Where do you live…
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Canada’s Population Grew Fast, But It Was Massively Overstated Canada’s fast-growing population isn’t moving nearly as fast it led people to believe. Due to the difficulty of tracking people leaving the country, the number of remaining immigrants is significantly inflated. The national statistics agency took a crack at estimating the “probability” of people that have left, and believes 1 in 6 immigrants leave within 20 years of arriving. This isn’t a new trend, but one that goes back to the 80s—accidentally compounding and overinflating growth. Continue Reading……
Moving out of your home can be both exciting and stressful, given the significant change it brings. However, selling your home can often be the most challenging aspect of the process. There are numerous costs and considerations involved in selling, all of which can impact the final outcome. From negotiations to ensuring your home is presented well for prospective buyers, it all feels quite overwhelming. To help you navigate this process, we’ve compiled a list of key points to prepare you for selling your first home. 1. Emotional Attachment To Your First Home Selling your first home can be an…
On January 29, the Bank of Canada (BoC) will announce its first interest rate decision of 2025. But after a year of no-brainer rate reductions amid inflation edging down, a number of external forces are muddying what Tiff Macklem has in store for the Wednesday announcement. In recent weeks, unemployment unexpectedly improved, but the Consumer Price Index (CPI) ticked up year over year and US President Donald Trump continued to threaten a 25% tariff on all Canadian goods, and we could see this implemented as soon as February 1st. Due to these economic headwinds and tailwinds, there’s some debate over…
Moving can be one of the most emotional and stressful experiences in life, and it’s perfectly normal to feel challenged by it. Letting go of the memories you’ve created in one place and adjusting to a new environment can be difficult. This process requires both a healthy mindset and careful preparation. Not all of your possessions will transition to your new home, which can be one of the more challenging aspects of the moving process. However, it’s important to remember that sometimes, letting go of certain items is necessary to move forward. Need help deciding what to do with sentimental…