Monthly Archives November 2018

Residential Statistics – October 2018 Check out this October’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales are down, but average sale prices are up. With 3.7 months of supply in Niagara + Dunnville, and 3.0 months of supply in Hamilton, Stoney Creek and Ancaster, we are heading into a Buyer’s market.   St Catharines average sale price rose 6.3% and unit sales fell 12.3%. Niagara on the Lake saw a 32.8% drop in unit sales and a 5.2% decrease in average sale price. Niagara Falls’ average sale price increased 3.8% and unit sales fell 15%. Fort
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              ROYAL LEPAGE NRC REALTY REAL ESTATE INVESTOR UPDATE   New Ontario Standardized Lease Agreement (Ontario) Most private residential leases in the province must use the standard lease template provided for all new leases.  Landlord and Tenant rights remain the same under the Residential Tenancies Act (2006) The Standardized Lease Agreement Can Be Found Here: https://bit.ly/2EaVDef Landlords must also provide the Brochure, “Information For New Tenants”. This Brochure Can Be Found Here: https://bit.ly/2Fiq7yN Rental Increase Guideline 2019 The Rental Increase Guideline for 2019 is 1.8% and applies to most private residential rentals covered under the Residential Tenancies Act. More Information
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