Scott  Bennett

Scott Bennett

REALTOR®

RE/MAX RISE EXECUTIVES, BROKERAGE*

Mobile:
(613) 217-8881
Office:
613-546-4208
Email Me

Scott Bennett's blog

First Time Buyer Incentive

Demystifying Canada’s First Time Home Buyer Incentive (2021)

May 3rd, 2021

Is your extra equity working for you?

How are Canadians Using Their Home Equity?

April 1st, 2022

Canada Housing Market Outlook to 2027

Canada Housing Market Outlook to 2027

March 29th, 2022

Fixer Upper vs Turn Key

Buying a Fixer Upper Versus a Renovated Home

February 1st, 2018

2021 - QTR#4 Market Report

QTR#4 KAREA Market Report is in for 2021, and the numbers don't lie. As suspected the two main standouts on this report are the Avg Sale Price percentages, and the Total Number of Sales. Averagre sale prices are up a staggering +23.51% over 2020, which is incredible growth compoared to the annual 3-5% that we have gotten used to seeing in the last 10 years. Total number of Sales is down -6.57% to an already down year in 2020. Essentially this points to what we all know as a "Sellers Market", where demand far exceeds supply.

Entering an Adjustment Phase

Homeowners in the Ontario real estate market have witnessed incredible gains over the last 20 months. After a modest slowdown in the first two months of the global health crisis, many aspects of the Ontario housing sector – particularly detached and semi-detached homes – soared and recorded record highs, from sales activity to price growth. But but has an adjustment phase commenced?

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