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CMHC Housing Market Outlook 2015

[vc_row][vc_column][vc_single_image image=”2389″ border_color=”grey” img_link_target=”_self” img_size=”full” alignment=”center”][vc_text_separator title=”First Quarter 2015 Overview: housing starts will moderate slightly in 2015″ title_align=”separator_align_center” color=”black”][vc_column_text]   This report provides an update to CMHC’s 2014 Q4 Housing Market Outlook, reflecting the evolution of risks since our last forecast through revisions to forecast ranges. Broadly speaking, the evolution of risks since the final quarter of 2014 has mainly been on the downside. Evolving risks include the impacts of declining oil prices and further potential decreases in interest rates on economic and housing activity. Under the base case scenario, housing starts are expected to decline by 1.0 per cent
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November 2014 Statistics

Christmas Came early for the Niagara Real Estate Market! The November sales volume in the region for residential properties exceeded last years unit sales by more than 20%. St Catharines saw a 60% increase in the monthly sales this November over the sales reported for the same period last year. Year to date the market is up 8% in unit sales and the average sale price rose 5.3% Overall, the real estate market in the Niagara Region is balanced, however, Grimsby, Stoney Creek & Smithville are experiencing a stronger sellers market due to a lack of inventory.
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6 Things to Ask When Buying a Cottage

Things to ask when buying a cottage – Buying a house in the city or suburbs can be complicated enough, but buying a cottage or vacation property outside of town requires even more due diligence. In town, you probably wouldn’t ask if the water coming out of the tap is drinkable. Nor would you wonder if the plumbing was hooked up to the sanitary sewer.  But these are exactly the sorts of questions you should ask when buying a cottage, plus a few more. Click here to read the article online 6 Things to Ask When Buying a Cottage
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Thank You Niagara!

Your Business is our Pleasure Thank you to all our loyal customers! We are grateful  for the opportunity to serve you in all your real estate needs. We value your patronage and appreciate your confidence in us. Client satisfaction is our consistent focus and also what separates us from the competition. Royal LePage Niagara is a team of over 400 sales representatives spanning several offices across the region. We are dedicated to providing the highest level of service in the real estate industry. We also have a reputation for expert advice as one of Canada’s leading real estate companies for
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Royal LePage Review Summer Newsletter

The Royal LePage Review is a quarterly publication by Royal LePage Niagara featuring real estate market updates and statistics for regional areas, as well as helpful tips for your home.
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Spring Market Still Booming In Niagara!

The Spring Market is Still Alive and Well in Niagara! The real estate market for the month of June was steady with sales exceeding last June by more than 9%. Year to date the market is up 2% overall with Port Colborne showing a 33% increase.  The year to date average of a single family home in the region now stands at $250,217 up 5.5% over last year.  Inventory levels in St. Catharines are less than 3 months which is low for this time of year. Grimsby & Stoney Creek inventory levels are less than 2 months. Based on a
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Price Surges in Canada’s Biggest Cities Mask an Otherwise Temperate National Market

Royal LePage forecasts steady price gains for the full year, inventory shortages in large cities continue TORONTO, July 9, 2014 – With the harsh winter now a fading memory, the average price of a home in Canada increased between 3.9 and 5.2 per cent in the second quarter of 2014. Prices are expected to increase steadily for the balance of the year, according to the Royal LePage House Price SurveY and Market Survey Forecast released today. According to the survey, price increases were posted across housing types, with detached bungalows seeing the highest year-over-year gains, rising 5.2 per cent to an
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Big Savings for First-Time Home Buyers!

Cost Savings Programs for First-Time Home Buyers The real estate market is at its prime across the country, and there has never been a better time to be a first-time home buyer in Canada. With both federal and provincial governments offering a number of resources, grants, and rebates to the first-time home buyer, now may be the time to purchase your dream home. Here are five programs that can help you afford to purchase your own home without breaking the bank: Home Buyer’s Plan GST/HST New Housing Rebate First-Time Home buyer’s Tax Credit Energy Efficient Housing Home Buyer Privileges
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Meet the Team from Royal LePage

[vc_row][vc_column][vc_column_text] The Royal LePage Shelter Foundation is thrilled to announce the team from Royal LePage offices across Canada who will be trekking to Machu Picchu in 2015 to raise funds and awareness for the Royal LePage Shelter Foundation. For eight days, this group of enthusiastic supporters will be trekking at high altitude, camping in tents, and forgoing running water, electricity and cell service to help restore hope for women and children escaping violence. Four representatives from Royal LePage Niagara will be part of this group. We’re thrilled that Henny Didreksen-Cowherd and Mia Kennedy from the Maywood Office in St. Catharines, Emma Csak from
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Team Royal LePage Niagara at the Dragon Boat Festival 2014

Royal LePage Niagara participated in the Dragon Boat Festival 2014 in aid of the Wellspring Niagara Cancer Support Foundation on Saturday June 14th at the Royal Henley in Port Dalhousie. Our paddlers raised money to donate to the Foundation, and raced well placing third in their first race and second in their following two races. Thank you to all our donors and participants. Way to go Team Royal LePage!
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Royal LePage Niagara Reports the Highest Sales in May since 2007!

Royal LePage Niagara Reports the Highest Sales in May since 2007!  The spring market has finally arrived and Royal LePage Niagara had a great month of May.  The Niagara Real Estate Board showed a 1% rise in sales activity year over year and a 10% increase in May 2014 over May of 2013. The year to date average of a single family home in the region now stands at $247,979.  That”s up 6.1% over last year.  Prices are expected to remain at current levels with some areas seeing small percentage increases.  Based on a sales-to-new listings ratio of between 40 and
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Warmer Weather Spurs Rise in Recreational Property Sales Across Canada

2014 Recreational Property Report from Royal LePage confirms pent-up demand following harsh winter and delayed spring.     Toronto, ON, June 5, 2014 – After a slow start to the year, sales activity in Canada’s recreational property market is beginning to pick up, according to the 2014 Royal LePage Recreational Report released today. A long and severe winter delayed the traditional spring buying season, but the arrival of waterfront-friendly weather has increased interest, is generating higher inventory levels and is driving sales activity. The Royal LePage Recreational Property Report compiles information from a cross-Canada survey of brokers and agents who specialize in the recreational real
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Niagara Home Prices on the Rise

The Niagara Region reported a 6.9% increase in the average sale price of  a single family residential home for the period ending April 30th. Home sales in the region continue to lag the 2013 market but we are anticipating a robust late spring market. The drop in sales has not affected house prices as the average selling price for the Niagara Region is $246,068 compared to last year when the average price was $230,153.  Niagara Falls, St.Catharines & Fort Erie are reporting a rise in average sale prices of more than 10%.   Homes sales in the $200,000 to $300,000
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Fill a Hamper, Fill a Heart!

The staff and agents at Royal LePage Niagara have been busy filling hampers with household supplies to be donated to mothers and children escaping abuse. There are TWO ways YOU can get involved: RLP baskets of hope 1. Pick up a hamper from one of our 14 Royal LePage Niagara offices, fill it with household goods, and bring it back to one of our offices; or drop it off at the Royal LePage Niagara Maywood office on or before Thursday, May 22nd, and join us on the afternoon of the 22nd at 3pm for a BBQ and drinks ($10 admission).
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Royal Lepage Niagara Launches New Website

    Royal LePage Niagara is pleased to announce the launch of its new website www.homesniagara.com  This website provides the latest in real estate information in Niagara and beyond.  The new site is user friendly, has the most listings in the Niagara region, mobile enabled, and will provide consumers with up to date information via the site, social media, and beyond.  Helping You Is What We Do.  
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Winter newsletter is now available

Our 2012 Winter newsletter is now available. Market information, tips, and resources for buying and selling in Niagara.  Contact one of our Realtors for your copy or download it here: Winter Newletter 2013
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Royal LePage Niagara reports a 20% increase in residential sales units for the month of July

Royal LePage Niagara has exceeded the July 2010 sales activity by 20%.  The Niagara Association of Realtors reported an increase of 6% in home sales over July last year.  On average sales activity is down 9% in the region.   The average sale price of a single family home rose to $228,598 from the $223,099 reported for the same period last year.  This 2.5% rise in sale price is well below other markets which are experiencing increases of 10% or more.   The sales of luxury homes over $400,000 in the Niagara region are robust with sales units up 15%
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House Prices Approaching Pre-Recessionary Levels

House Prices Approaching Pre-Recessionary Levels According to a newly released survey from Royal LePage, home prices in Canada have continued their ascent towards pre-recessionary levels. The move upwards is modest- but sustainable- a good sign that the market, in general, may be returning to reasonable, balanced levels. The average price of a home in Canada increased between 3.5 and 4.3% in Q1 of 2011. Partly credited to continued low interest rates, and momentum generally from a recovering Canadian economy, home prices have continued to rise for the most part across the country, year-over year. According to the survey, “In the
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Niagara Residents Will See A Tax Decrease From Region

NIAGARA REGION, March 4, 2011 – Niagara Region held the line on taxes and residents will see a decrease in Regional taxes this year, after it passed its 2011 net operating budget of $282.8 million and capital budget of $135.2 million. On average a homeowner with a property assessed at $210,000 would pay about $1,320; a decrease of $18.35 from the 2010 tax levy. The budget actually represents a total tax levy increase of 0.10 per cent over 2010, but after assessment growth of 1.47 per cent, residents will see a decrease in property taxes of almost 1.37 per cent.
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Royal LePage Niagara January Press Release

Royal LePage Niagara Real Estate Centre Brokerage ended the year with an over all increase in sales of 5.6% over 2009 which was above the reported increase of 4% for the Niagara Association of Realtors.   The Canadian Real estate Association reported an average year over year drop of 3.9% in sales activity across Canada.   Residential MLS Reported Sales  in Local Markets Area Unit Sales 2010 Increase Over 2009 Fort Erie 476 -.02% Fonthill/Pelham 210 .05% Lincoln 268 13.6% Niagara On The Lake 226 -4.2% Niagara Falls 1070 8.5% Port Colborne 303 -2.6% St. Catharines 1583 0.1% Thorold 281
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Strengthening Economic Recovery and Low Interest Rates Point to a Stronger Than Anticipated 2011

Prospect of rising mortgage rates may prompt heightened buyer activity early in the year, according to Royal LePage forecast TORONTO, January 6, 2011 – The average price of a home in Canada increased between 3.9 and 4.6 per cent in the fourth quarter of 2010, compared to the previous year, as markets shrugged off a lackluster third quarter and returned to a post-recession growth profile. Home values are forecast to continue a moderate and steady climb in many of the country’s key housing markets through 2011 with sales activity skewed to the first half of the year, according to the
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Royal LePage Niagara Unit Sales up for the 3rd Quarter of 2010

Royal LePage Niagara Real Estate Centre reports a 9.8% increase in company sales units as of the 3rd Quarter of 2010 Royal LePage Niagara Real Estate Centre Brokerage has exceeded 2009 sales activity by 9.8% as of September 2010. The Niagara Association of Realtors reported a 9 month increase of 5.1% however the sales activity for the Month of September fell 15% compared to last year. Other major markets saw steeper declines in September with Toronto reporting a drop of 23%, Vancouver down 37.6% and Montreal down 13%. All areas are reporting a more balanced Market with Average sale prices
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