Archives for Real Estate News

November 2018 Residential Market Statistics

November 2018 Residential Statistics are in! On average, unit sales are down across the Niagara and Hamilton regions, but prices have risen ever-so slightly. With 3.3 months of inventory, we are nearing a balanced market. St Catharines had a 10.9% decrease in unit sales and a 6.3% increase in average sale price. Niagara on the Lake, Niagara Falls, Thorold, Pelham, Welland, Port Colborne, Lincoln, West Lincoln, Dunnville, Hamilton, Ancaster and Stoney Creek all had a decrease in unit sales, but increase in average sale price. Fort Erie and Grimsby saw an increase in both unit sales and average sale price
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Carriage Trade Luxury Market Report

                                                ROYAL LEPAGE NRC REALTY CARRIAGE TRADE UPDATE   The Luxury Carriage Trade Real Estate Market In 2018 Carriage Trade Luxury transactions ($750,000+) dropped 22% year over year across the 14 area real estate markets.  The Non-Resident speculation tax, tougher mortgage/financing regulations, and overall slowdown in most markets have had a direct impact.  An increase in inventory has also provided luxury home buyers with more options in 2018. As we enter 2019 we expect this trend to continue in a balanced to buyers market. Carriage Trade Luxury
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Residential Statistics – October 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

              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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September 2018 Residential Statistics

Check out this September Residential Market Statistics, and 12 Month Trend by Market. Regional sales are down, but average sale prices are up. With 3.6 months of supply in Niagara + Dunnville, and 2.8 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a Seller’s Market.     St Catharines average sale price rose 8.0% and unit sales fell 14.5%. Niagara on the Lake saw a 34.4% drop in unit sales and a 5.2% decrease in average sale price. Niagara Falls’ average sale price increased 2.8% and unit sales fell 15.4%. Fort Erie had a 0.6%
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July 2018 Residential Statistics

July 2018 Residential Statistics Check out this June’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 3.6 months of supply in Niagara + Dunnville, and 2.8 months of supply in Hamilton, Stoney Creek and Ancaster, we are heading towards a Balanced Market. St Catharines average sale price rose 7.7% and unit sales fell 17.4%. Niagara on the Lake saw a 42.8% drop in unit sales, and a -3.8% increase in average sale price. Niagara Falls’ average sale price rose 0.9% and unit sales fell 19.9%. Fort Erie had a
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June 2018 Residential Statistics

June 2018 Residential Statistics Check out this June’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 2.9 months of supply in Niagara + Dunnville, and 2.4 months of supply in Hamilton, Stoney Creek and Ancaster, we are heading towards a Balanced Market. St Catharines average sale price rose 5.1% and unit sales fell 19.6%. Niagara on the Lake saw a 47.1% drop in unit sales, and a 0.2 % increase in average sale price. Niagara Falls’ average sale price decreased 0.1% and unit sales fell 19.3%. Fort Erie had
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May 2018 Residential Statistics

May 2018 Residential Statistics Check out this May’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 3.6 months of supply in Niagara + Dunnville, and 2.8 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a Seller’s Market. St Catharines average sale price rose 5.1% and unit sales fell 21.3%. Niagara on the Lake saw a 52.2% drop in unit sales, and a 3.2% decrease in average sale price. Niagara Falls’ average sale price decreased 0.6% and unit sales fell 20.1%. Fort Erie had a
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April 2018 Residential Statistics

April 2018 Residential Statistics Check out this April’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 3.2 months of supply in Niagara + Dunnville, and 2.6 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a Seller’s Market. St Catharines average sale price rose 5.5% and unit sales fell 23.5%. Niagara on theLake saw a 51.5% drop in unit sales, and a 1.2% decrease in average sale price. Niagara Falls’ average sale price increased 1.2% and unit sales fell 26.3%. Fort Erie had a 26.3%
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