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Why January is a great time to list your home!

You’ve been pondering the idea of listing your home “next year”, but aren’t entirely sure when is the best time to list. You’re friends tell you Spring because that’s when the market picks up. BUT, I’m going to give you 3 reasons to list your home in JANUARY!!

  1. There are fewer houses on the market – which means less competition and greater chance at receiving an offer
  2. People that are looking at houses in January are serious buyers!
  3. Corporate relocation – One of the biggest months for employee relocation is January, you might just sell to a newcomer to your town!

Okay, now that you’ve decided to list in January, here are some helpful tips for winter showings:

  1. Bake cookies for the potential buyers – the smell, the thought, and the taste will leave an imprint in their memory with the house.
  2. Have summer photos of the house, yard, and neighborhood.
  3. Keep driveway and sidewalk clear of snow and ice at all times!
  4. Turn the heat up a notch or two prior to showings, and if you have a fireplace, turn it on for extra ambiance.

Listing your property in January may just ensure you get the right price and beat the spring saturation!

Call Joan Wolf today if you want results, passion, and perseverance!

C- 778-231-0308

E- [email protected]

Market Moderation

Canada Mortgage and Housing Corp. says the country’s real estate market is expected to moderate over the next two years as the growth in housing prices is expected to slow to more in line with economic fundamentals.

In its 2018 housing market outlook released today, the national housing agency projects housing starts and sales are both expected to decline in 2019 and 2020.

CMHC says it expects economic indicators like income and employment to continue to help support demand for housing starts, but these fundamentals are anticipated to slow down to a more sustainable pace.

Rising mortgage rates are also expected to affect housing demand and the resale market.

By 2020, CMHC anticipates demand will continue to shift towards relatively less expensive housing options like apartment condominiums versus higher-end single-detached homes.

“Over our forecast horizon, housing starts are projected to decline from elevated levels recorded recently. Resales should also moderate while house prices are expected to reach levels that are more in line with the fundamentals,” Bob Dugan, chief economist at the CMHC, said in a statement.

Zillow is coming to Canada

U.S. real estate website Zillow is expanding to offer listings for homes in Canada for sale.

Zillow says it has agreements to receive more than 50,000 listings from Canadian brokerages and franchisers.

Users will be able to use the popular U.S. site and mobile app to search for Canadian for-sale properties by postal code, city or province.

The Canadian listings will display the home’s list price, a description of the property, photos and available home facts.

The listings will also include the listing agent’s contact information as well as link to the brokerage or franchise website.

Real Estate Report – June Edition

Here are the June Stats. Numbers are showing that the market has changed and we are back to 2014 numbers of sales, so a much more balanced market instead of the 2017 “sellers market” which makes it an ideal time to buy.

Prices are still strong which makes it great for sellers.
If you are thinking about listing call me for a Free Market Evaluation and lets get you listed.