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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Tuesday, December 15, 2015

Continued high demand expected to boost value of Canadian homes

Throughout 2015, high demand and low supply pushed prices higher and higher in Canada’s hottest market. That’s a trend that will continue in 2016, according to projections by RE/MAX.

High demand is expected to push prices up by 5% in Vancouver in 2016 and 5% in the Greater Toronto area. Canada as a whole will also see further price gains, RE/MAX predicted.

“Based on projections for Canada’s key housing markets, RE/MAX expects the average home price in Canada to increase 2.5% in 2016,” said Gurinder Sandhu, executive vice president, RE/MAX INTEGRA Ontario-Atlantic Canada Region. “While we expect to see some price decreases, particularly in regions that rely on oil and natural resource sectors, strong demand in Canada’s urban centres is expected to continue throughout next year.”

RE/MAX also found that regions outside the nation’s highest-priced cities reported a “spillover effect” from price increases in the cities themselves. “There were significant year-over-year price increases in Victoria (13%), Fraser Valley (10%), Hamilton-Burlington(12%) and Barrie (8%),” RE/MAX reported.

The company also studied the possible effect of an increased minimum down payment on homes above $500,000 – a scheme the Department of Finance is reportedly considering. If it is implemented, RE/MAX predicted that the effect on first-time buyers in most Canadian markets would be minimal. In expensive markets like Toronto and Vancouver, however, a higher minimum down payment could discourage some buyers. According to a RE/MAX survey, more than two thirds of Canadians agree that 10% or more is a sufficient down payment for a home.

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