Mortgagesandbox.com All real estate

Plan the Sale of Your Home — Mortgage Sandbox

Details: Advice, guides and checklists for first time home buyers on the first stage of homebuying - set a budget. Learn how to set a budget that includes all of the costs of a home purchase. Find out what the ongoing costs of ownership are.

› Verified 8 days ago

› Url: https://www.mortgagesandbox.com/plan-the-sale-of-your-home Go Now

› Get more:  Real EstateGo Now

Real Estate Cycles — Mortgage Sandbox

Details: Rental Rate – The cost of renting a unit. Absorption – The rate at which homes for sale are purchased. Recession – 9 consecutive months of negative economic growth. Buyer’s Market – A real estate market where there are enough homes for sale that it would take 9 or more months to sell everything available. In this situation, the

› Verified 4 days ago

› Url: https://www.mortgagesandbox.com/news/real-estate-cycle Go Now

› Get more:  Real estateGo Now

How do the two home price cycles affect home prices

Details: Absorption Rate – The rate at which homes listed for sale are purchased. Recession – A recession is declared when the economy shrinks for two consecutive quarters (6 months). Buyer’s Market – A real estate market in which it would take 9 or more months to absorb all of the available homes on the market. In this market, prices tend to

› Verified 8 days ago

› Url: https://www.mortgagesandbox.com/news/how-do-the-two-home-price-cycles-affect-home-prices Go Now

› Get more:  Real estateGo Now

Two Decades of Vancouver Housing Crisis — Mortgage Sandbox

Details: That 10% of new homes will be bought and left empty or occupied as short-term rentals. A 3% rental vacancy rate is necessary for a healthy real estate market. This article will focus on the ramifications of our Unmet Housing Demand chart below. In the best case scenario, by 2021 there will be a housing shortfall of 5,000.

› Verified 4 days ago

› Url: https://www.mortgagesandbox.com/news/metro-vancouver-housing-supply-crisis Go Now

› Get more:  Real estateGo Now

What does a federal government led by the Liberals mean

Details: Ensure total price transparency on the history of recent house sale prices (the buyer real estate agent should be providing this, but sometimes people get poor service). Require real estate agents to disclose if they represent the buyer and the sellers and are in a conflict of interest (This is already the case in B.C., where realtors are

› Verified 4 days ago

› Url: https://www.mortgagesandbox.com/news/what-does-a-federal-government-led-by-the-liberals-mean-for-housing Go Now

› Get more:  Real estateGo Now

How is Real Estate Agent Compensation Calculated

Details: The Pros And Cons Of Flat Fee Service Vs. Real Estate Agent (Toronto Storeys) 2. Fee from a Developer. With developers, the real estate agent commission is set by the developer of the new homes. Even though the standard commission shown above may be common, a developer who wants to sell their homes quickly can offer agents a higher fee.

› Verified 5 days ago

› Url: https://www.mortgagesandbox.com/news/how-is-real-estate-agent-compensation-calculated Go Now

› Get more:  Real estateGo Now

Metro Vancouver housing supply crisis is much worse than

Details: 10% of new homes will be bought and left "empty" or occupied as short-term rentals. A 3% rental vacancy rate is necessary for a healthy real estate market. This article will focus on the ramifications of our Unmet Housing Demand chart below (for which we have provided the data to be downloaded and cross-examined).

› Verified 2 days ago

› Url: https://www.mortgagesandbox.com/news/vancouver-supply-shortage Go Now

› Get more:  Real estateGo Now

Does COVID Wave 2 mean I should sell my home now

Details: More often, short-term rentals are being converted to long-term rentals or listed for sale. Summary All of these factors have the potential to reverse course once the pandemic is over however a double-dip recession could cause long term economic damage that means it …

› Verified Just Now

› Url: https://www.mortgagesandbox.com/news/should-i-sell-my-home-today-swwbm Go Now

› Get more:  Real EstateGo Now

Is Today the Best Time to Buy a Home

Details: The long-term real estate cycle is linked to the economic cycle and periodic recessions. This long-term cycle typically takes around a decade to complete and has a significant effect on the price of homes. The other cycle is the annual real estate cycle, which is the effect that Candian winters and school vacations have on the market. The

› Verified 3 days ago

› Url: https://www.mortgagesandbox.com/news/is-today-the-best-time-to-buy-a-home Go Now

› Get more:  Real estateGo Now

Metro Montreal Home Price Forecast — Mortgage Sandbox

Details: 2021 Metro Montreal House Price Forecast. At the beginning of 2019, Royal LePage predicted Montreal homes prices would rise 6%, and the Quebec Federation of Real Estate Boards (QFREB) predicted house prices would rise only 3 to 4%. In the end, a benchmark Metro Montreal house gained 9%, and condo apartments rose 11%.

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/news/metro-montreal-home-price-forecast Go Now

› Get more:  Real estateGo Now

Plan the Sale of Your Home — Mortgage Sandbox

Details: Find a local real estate agent. There are three types of agents. FSBO (For Sale By Owner) agents who provide a minimum service. In essence, you are selling the home yourself but paying them a fee to work under their real estate license. 1% or 2% realtors are agent services for budget-conscious Canadians. Regular full-service real estate agents

› Verified 7 days ago

› Url: https://www.mortgagesandbox.com/news/planning-the-sale-of-your-home Go Now

› Get more:  Real estateGo Now

Metro Vancouver Home Price Forecast

Details: At the end of October 2020, roughly 2,600 houses were listed for sale at asking prices over $2 million’s nearly 40% of all houses listed for sale in the Lower Mainland. House price growth in Vancouver has been very high. Overall, according to the CMHC, there is a moderate risk of a price correction in Vancouver.

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/news/metro-vancouver-home-price-forecast-oct-2020 Go Now

› Get more:  Real EstateGo Now

Pre-sale Home Buying Guide — Mortgage Sandbox

Details: A pre-sale (pre-construction) home can be the perfect fit for many homebuyers. Many homebuyers prefer a brand new ‘move-in-ready’ home with personalized interior design accents. There’s the added bonus of having a house warranty and fewer restrictions on rentals, too. However, buying a pre-constru

› Verified 8 days ago

› Url: https://www.mortgagesandbox.com/pre-sale-home-buying-guide Go Now

› Get more:  Real EstateGo Now

The Two Canadian Real Estate Cycles — Mortgage Sandbox

Details: Absorption Rate – The rate at which homes listed for sale are purchased. Recession – A recession is declared when the economy shrinks for two consecutive quarters (6 months). Buyer’s Market – A real estate market in which it would take 9 or more months to absorb all available homes on the market. In this market, prices tend to stagnate

› Verified 7 days ago

› Url: https://www.mortgagesandbox.com/the-two-canadian-real-estate-cycles Go Now

› Get more:  Real estateGo Now

Montreal Home Price Forecast 2020 and 2021 — Mortgage Sandbox

Details: House price growth in Metro Montreal is beginning to fizzle. Prices aren’t rising as quickly as before. We believe politicians are hoping to guide the market toward a typical annual real estate cycle with price growth in the range of 1 to 3% annually – in line with income growth.. The recent aggressive and accelerating price growth across Canada has triggered government intervention.

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/montreal-real-estate-forecast Go Now

› Get more:  Real estateGo Now

Metro Victoria Home Price Forecast — Mortgage Sandbox

Details: The B.C. Real Estate Association has cancelled all open houses to comply with the pandemic containment laws and Spring is typically the busy season for real estate activity. This year, it will be more challenging to buy homes during a pandemic so only motivated sellers will sell.

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/news/metro-victoria-home-price-forecast Go Now

› Get more:  Real estateGo Now

Metro Hamilton Home Price Forecast — Mortgage Sandbox

Details: 2021 Metro Hamilton House Price Forecast. At the beginning of 2019, the Canadian Real Estate Association predicted house prices in Ontario would rise only 3%. In the end, the benchmark Hamilton-Burlington house price rose by 9%!!! For 2020, the average of the forecasts used in our analysis predicts a modest rise of 6% in 2020 and 3% in 2021.

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/news/metro-hamilton-home-price-forecast Go Now

› Get more:  Real estateGo Now

Metro Victoria Real Estate Forecast

Details: We recently received a pre-sale ad that offered homes for sale with only a 5% deposit when normally a 20% deposit is required for pre-sales! Data on Victoria pre-sales is hard to find but since the Victoria and Vancouver markets share common characteristics, the chart below gives you an idea of what is likely happening in Victoria.

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/news/victoria-real-estate-forecast-2021 Go Now

› Get more:  Homes for saleGo Now

Metro Montreal Home Price Forecast

Details: 2021 Metro Montreal House Price Forecast. At the beginning of 2019, Royal LePage predicted Montreal homes prices would rise 6%, and the Quebec Federation of Real Estate Boards (QFREB) predicted house prices would rise only 3 to 4%. In the end, a benchmark Metro Montreal house gained 9%, and condo apartments rose 11%.

› Verified 5 days ago

› Url: https://www.mortgagesandbox.com/news/montreal-home-price-forecast-july-2020 Go Now

› Get more:  Real estateGo Now

Metro Victoria Home Price Forecast

Details: In the end, these forecasters were right, a benchmark Metro Victoria house value barely budged in 2019, but condo prices rose 3%. For 2020, the average of the forecasts used in our analysis predicted a modest rise of 2% each of the next two years. CMHC provides a range and their best-case scenario resulted in a price rise of 15% in 2020, but

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/news/metro-victoria-home-price-forecast-july-2020 Go Now

› Get more:  Real EstateGo Now

Okanagan Valley Home Price Forecast

Details: The B.C. Real Estate Association (BCREA) economist predicts Okanagan prices will rise 3% in 2021. BCREA is a provincial real estate industry advocacy group. The highest forecast for Canadian home prices in a September Reuters poll of 16 economists was price growth of 10% in 2021, while the lowest prediction called for a 10% drop.

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/news/okanagan-valley-home-price-forecast-oct-2020 Go Now

› Get more:  Real estateGo Now

Today’s Common Trends in Canadian Real Estate — Mortgage

Details: There is an almost alarming rise in the number of condos for sale. We believe people are selling condos because: 1. Home is too small – Two adults can’t work from home and home school their children in an average-sized condo. 2. Short-term rental challenges – …

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/news/todays-common-trends-in-canadian-real-estate Go Now

› Get more:  Real EstateGo Now

Metro Calgary Home Price Forecast — Mortgage Sandbox

Details: 2021 Metro Calgary House Price Forecast. At the beginning of 2019, Royal LePage predicted house prices in Metro Calgary would drop 2.4% in 2019 while the Calgary Real Estate Board forecast a 3.7% drop. In the end, these forecasters were too pessimistic about the house market and too optimistic about the condo apartment market, a benchmark Metro

› Verified Just Now

› Url: https://www.mortgagesandbox.com/news/metro-calgary-home-price-forecast Go Now

› Get more:  Real estateGo Now

Five Forces Driving BC Home Prices — Mortgage Sandbox

Details: They are homes owned by individuals who sell them to upgrade, move for work, or for some other reason. The B.C. Real Estate association only reports existing home sales and listings. Pre-Sales and Construction Completions: Most new homes are sold via pre-sales before the construction has started. These are predominantly apartments and townhomes.

› Verified Just Now

› Url: https://www.mortgagesandbox.com/five-forces-driving-british-columbia-real-estate Go Now

› Get more:  Real estateGo Now

Metro Vancouver Home Price Forecast — Mortgage Sandbox

Details: However, the median price of homes sold has been dropping significantly in most major sub-markets and this is a leading indicator that prices will fall. Here is a sampling of median house price changes between March and April 2020: Westside Vancouver: $245,000. North Vancouver: $120,000. Richmond: $120,000.

› Verified 2 days ago

› Url: https://www.mortgagesandbox.com/news/metro-vancouver-home-price-forecast Go Now

› Get more:  Real EstateGo Now

Metro Edmonton Home Price Forecast

Details: Edmonton’s home prices are very affordable. A first-time homebuyer household earning $94,000 ( the median Metro Edmonton household before-tax income) can get a $390,000 mortgage. That’s more than enough for a first-time homebuyer to buy a …

› Verified Just Now

› Url: https://www.mortgagesandbox.com/news/metro-edmonton-home-price-forecast-oct-2020 Go Now

› Get more:  Real EstateGo Now

Okanagan Home Price Forecast

Details: We surveyed over 50 Canadian real estate agents and 50% had observed a majority of short-term rentals being listed as long-term furnished apartment rentals and 25% expected Airbnbs owners would sell their homes to cash in the capital gains.

› Verified 5 days ago

› Url: https://www.mortgagesandbox.com/news/okanagan-home-price-forecast-july-2020 Go Now

› Get more:  Real estateGo Now

Surrey Real Estate Update — Mortgage Sandbox

Details: In the real estate industry, there are metrics used to indicate when buyers and sellers have more negotiating power. As a rule-of-thumb, less than 5 months of inventory (i.e., homes for sale) means it is a “Sellers Market” and the seller has the upper hand in a price negotiation.

› Verified 3 days ago

› Url: https://www.mortgagesandbox.com/news/2018831/surrey-real-estate Go Now

› Get more:  Real estateGo Now

Metro Victoria Home Price Forecast

Details: The BC Real Estate Association (BCREA) economist predicts Greater Vancouver prices will rise 7% in 2021. BCREA is a real estate industry advocacy group. The highest forecast for Canadian home prices in a September Reuters poll of 16 economists was price growth of 10% in 2021, while the lowest prediction called for a 10% drop.

› Verified Just Now

› Url: https://www.mortgagesandbox.com/news/metro-victoria-home-price-forecast-oct-2020 Go Now

› Get more:  Real estateGo Now

Hamilton-Burlington Home Price Forecast

Details: 2021 Metro Hamilton House Price Forecast. At the beginning of 2019, the Canadian Real Estate Association predicted house prices in Ontario would rise only 3%. In the end, the benchmark Hamilton-Burlington house price rose by 9%!!! For 2020, the average of the forecasts used in our analysis predicts a modest rise of 6% in 2020 and 3% in 2021.

› Verified 6 days ago

› Url: https://www.mortgagesandbox.com/news/hamilton-burlington-home-price-forecast-july-2020 Go Now

› Get more:  Real estateGo Now

2. Metro Hamilton House Price Forecast

Details: Hamilton's house prices have become much less affordable. A homebuyer household earning $75,500 ( the median Metro Hamilton household before-tax income) can get a $310,000 mortgage. That isn't enough to buy a benchmark condo, and buying a house is out of reach for more than 80% of the locals.

› Verified 2 days ago

› Url: https://www.mortgagesandbox.com/hamilton-burlington-real-estate-forecast Go Now

› Get more:  Real EstateGo Now

Metro Edmonton Home Price Forecast

Details: At the beginning of 2019, Royal LePage predicted house prices in Metro Edmonton would drop 2.4% in 2019 while the Royal Bank forecast a 1.1% rise in Alberta prices. In the end, these forecasters were wide of the mark. House prices dropped 2 to 4% and benchmark apartment prices shed around 4% of their value.

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/news/metro-edmonton-home-price-forecast-july-2020 Go Now

› Get more:  Real EstateGo Now

Metro Toronto Home Price Forecast

Details: We surveyed over 50 Canadian real estate agents, and 50% had observed a majority of short-term rentals being listed as long-term furnished apartment rentals, and 25% expected AirBnBs owners would sell their homes to cash in the capital gains.

› Verified 9 days ago

› Url: https://www.mortgagesandbox.com/news/metro-toronto-home-price-forecast-oct-2020 Go Now

› Get more:  Real estateGo Now

Richmond real estate prices finally succumb to the market

Details: In the real estate industry, there are metrics used to indicate when buyers and sellers have more negotiating power. As a rule-of-thumb, less than 5 months of inventory (i.e., homes for sale) means it is a “Sellers Market” and the seller has the upper hand in a price negotiation.

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/news/2018115/richmond-real-estate-prices-finally-succumb-to-the-market-slowdown Go Now

› Get more:  Real estateGo Now

2019 House Price Forecast

Details: For example, in 2016 Royal LePage (a major real estate brokerage) and the BC Real Estate Association both predicted that house prices would drop 8% in 2017, but instead the benchmark detached home price rose $100,000 from $1.5 million to $1.6 million. In 2017, RE/MAX predicted prices would rise 6% in 2018 but instead they dropped almost 2%.

› Verified 5 days ago

› Url: https://www.mortgagesandbox.com/news/vancouver-home-price-forecast-for-2019 Go Now

› Get more:  Real estateGo Now

2020 Metro Ottawa Forecast — Mortgage Sandbox

Details: These represent short-term investment, long-term investment, and recreational demand (i.e, homes not occupied full-time by the owner). Here is where foreign capital, real estate flippers, and dark money come into play. It also includes short-term rentals, long-term rentals, and recreational property purchases.

› Verified 9 days ago

› Url: https://www.mortgagesandbox.com/news/2020-ottawa-real-estate-forecast Go Now

› Get more:  Real estateGo Now

5 Forces Driving Ontario Home Prices — Mortgage Sandbox

Details: We surveyed over 50 Canadian real estate agents and 50% had observed a majority of short-term rentals being listed as long-term furnished apartment rentals and 25% expected AirBnBs owners would sell their homes to cash in the capital gains.

› Verified 3 days ago

› Url: https://www.mortgagesandbox.com/news/5-forces-driving-ontario-home-prices Go Now

› Get more:  Real estateGo Now

Metro Toronto Home Price Forecast

Details: 2021 Metro Toronto House Price Forecast. At the beginning of 2019, RE/MAX predicted house prices in Metro Toronto would rise only 2% while Royal LePage offered a conservative 1%. In the end, a benchmark Metro Toronto house price rose by 6%!! For 2020, the average of the forecasts used in our analysis predicted a modest rise of 4% in 2020 and 3%

› Verified Just Now

› Url: https://www.mortgagesandbox.com/news/metro-toronto-home-price-forecast-july-2020 Go Now

› Get more:  Real EstateGo Now

Metro Montreal Home Price Forecast

Details: We surveyed over 50 Canadian real estate agents, and 50 percent had observed a majority of short-term rentals being listed as long-term furnished apartment rentals. 25 percent expected AirBnBs owners would sell their homes to cash in the capital gains.

› Verified Just Now

› Url: https://www.mortgagesandbox.com/news/metro-montreal-home-price-forecast-oct-2020 Go Now

› Get more:  Real estateGo Now

5 Forces Driving Alberta Home Prices — Mortgage Sandbox

Details: In order to hide the illegal nature of the funds, it is laundered in the real estate market. Sometimes the true owner of the property is hidden by using a Straw Buyer and other times the property is owned by a shell company. Sometimes a real estate agent or lawyer will accept the illegal cash to help the nefarious individuals hide its true origins.

› Verified 3 days ago

› Url: https://www.mortgagesandbox.com/news/5-forces-driving-alberta-home-prices Go Now

› Get more:  Real estateGo Now

Victoria BC Home Price Forecast to 2021 — Mortgage Sandbox

Details: In other words, people are willing to pay a premium to get a new house today, but they're not willing to buy a pre-sale home that won't be ready for move-in until 2022 or 2023. It seems unlikely that record house prices will be sustained through the next 12 months based on economic fundamentals .

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/victoria-real-estate-forecast Go Now

› Get more:  Real EstateGo Now

Five Forces Driving Ontario Home Prices — Mortgage Sandbox

Details: A survey by Ipsos in Toronto revealed that 40% of short-term rental owners plan to sell their property and another 26% plan to convert their property into a long-term rental. Ottawa, Hamilton, and London investors may feel similar pressures, however short-term rentals in cottage country which cater to Ontarians might be in better shape financially.

› Verified 1 days ago

› Url: https://www.mortgagesandbox.com/five-forces-driving-ontario-real-estate Go Now

› Get more:  Real EstateGo Now

Vancouver Home Price Forecast 2020 and 2021 — Mortgage …

Details: A first-time homebuyer household earning $75,000 ( the median Metro Vancouver household before-tax income) can only get a $300,000 mortgage. To buy a benchmark priced $680,000 condo, a first-time homebuyer needs to save $380,000 cash for a down payment or receive a …

› Verified 2 days ago

› Url: https://www.mortgagesandbox.com/vancouver-real-estate-forecast Go Now

› Get more:  Real EstateGo Now

Toronto Home Price Forecast 2020 and 2021 — Mortgage Sandbox

Details: In a recent Reuters poll, more than 75 percent of analysts (10 of 13) said the risks to their real estate outlook for the coming year are skewed more to the downside.They also said an interest rate hike would significantly tame Canada's housing market activity and prices. Brendan LaCerda, senior economist at Moody's Analytics says, "Canadian households’ high debt loads make them relatively

› Verified Just Now

› Url: https://www.mortgagesandbox.com/toronto-real-estate-forecast Go Now

› Get more:  Real estateGo Now

Kelowna and Central Okanagan BC Home Price Forecast

Details: We always recommend buyers and sellers watch both the local market and the regional Okanagan Valley Report. A sub-market can outperform (or underperform) the region but the saying "a rising tide floats all ships" applies to real estate too. A sub-market can't trend differently from the region for very long. Okanagan Valley Real Estate Forecast.

› Verified Just Now

› Url: https://www.mortgagesandbox.com/kelowna-real-estate-forecast Go Now

› Get more:  Real estateGo Now