Canadian Real Estate Trends: Putting the Headlines into Context
We’ve all heard the hype: Canadian real estate is facing the deepest market correction in the last 40 years. But this isn’t the first time that experts have forecast corrections or crashes, none of which have materialized in recent history. So, let’s read between the headlines and examine some facts.
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10 most-viewed homes in Canada, July 2022
From a palatial Vancouver estate to a modest Halifax home, Canadians eyed a variety of properties last month as the real estate market shifted.
THE TWO VALUES
Think about your assets and investments for a moment. Chances are, you assign them two types of values…
A financial value and a lifestyle value.
Consider a simple savings account, for example. You might have $5,000 in it. That’s its financial value. But, on the other hand, to you, that balance represents your savings for a family vacation. That’s its lifestyle value.
Most investment advisors recommend that you review your investments once a year. As a real estate professional, I agree, especially when it comes to what is probably your most important investment — your home.
So, when reviewing that investment, be sure to consider both its financial and lifestyle value. Find out what your condo is currently worth, but also consider how well it’s supporting the lifestyle you want.
I can help. In fact, I offer a free Annual Checkup to all my valued clients, like you.
AMAZING LOCATION in this quiet, Strathcona Community - only one block to the Ravine! Substantial improvements can be found in this character home including: Brand NEW FURNACE & AIR CONDITIONER w/ Ecobee; 100 AMP Electrical, newer Roof, NEW STOVE w/ air fry feature, HUNTER DOUGLAS BLINDS, new DECK w/ Gazebo plus VINYL FLOORING & Fresh Paint throughout.
August Housing Statistics:"Residential Listings and Sales Cool Off for August"
- Single-family homes averaged $469,757, a 1.8% year-over-year increase. Condominiums sold for an average of $220,051, seeing a small decrease of 3.3% year-over-year.
Brokerage: Re/Max River City
BUY - SELL - INVEST with PURPOSE
TOP 5% MEMBER REALTORS® Association of Edmonton 2017 - Present
*Based on qualifying volume and/or units
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