Nilufer Mama's blog

1. Experts expect average home prices to decrease by 25% by the end of 2023 to reach a balanced market. 

2. Soaring immigration will put more pressure on housing supply.

3. Wood will be the hot new building material on the block. 

4. Bigger, denser, taller buildings will transform Canadian cities.

5. House prices may fall, but rents will rise.

When thinking of selling your home, think of the process like a business transaction. Because the market has shifted, the power has suddenly shifted into a potential buyer's hands. 

Shift your expectations

It's important to anticipate the customer's wants, needs and desires and market your product accordingly.

The value of a home inspection

With financial markets roiling and house prices tumbling, investors in countries around the globe appear to have a diminished zeal for buying real estate outside of their own borders.

Even so, Canadian real estate mavens are brushing up on the temporary foreign buyers’ ban, which is set to come into effect on Jan. 1.

Experts don't expect rates to hit 4 by year-end but they see another 50 basis points coming. Bringing the BoC rate to a resting place of 3.75% till end of 2022. A fixed rate as high as 6% is likely on the table. Also, experts believe the BoC pause rate hikes in Q1 2023. 

The overall inventory of homes on the market is well up from the rock-bottom levels seen earlier in the year, which is good news for anyone looking to purchase. Market for sellers has surged, demand was more than supply. Supply made a steady gain, signalig movement towards a more balanced market. Inventory increased by 68.1% compared to last year. 

Market continues to adjust

As borrowing costs climb