We just read an interesting article just published on Workopolis: How much you need to earn to buy a house in every major Canadian city? Click here to read full article Using the same criteria outlined in the Workopolis analysis… Read More ›
National statistics
Average Price in Pelham Jumps 8.4% in 2013
The Pelham housing market is entering into the new year in solid shape, with predictions of another positive year of growth on the horizon. During 2013 residential sales in Pelham reached a total of 215 transactions, a healthy 2.87% increase… Read More ›
Why rising mortgage rates won’t tank the housing market
Jun 13, 2013 by Larry MacDonald as posted at CanadianBusiness.com http://www.canadianbusiness.com/economy/why-rising-mortgage-rates-wont-tank-the-housing-market/ (Photo: Fry Design/Getty Images) Earlier this week, some Canadian banks hiked the fixed rate on their five-year mortgage term by 20 basis points to 3.29%. Not surprisingly, housing bears… Read More ›
Has the Real Estate Bubble Burst?
Unit sales of residential properties dropped off 26% in August compared to last year’s August results. According to MLS® system reports of the Niagara Association of REALTORS® there were 14 sales in Pelham during the month of August 2012 down… Read More ›
Active Summer for Home Sales
Local home sales continued on an upswing during the month of July. The Niagara Association of REALTORS® reported 21 sold listings in Pelham during the past month– compared to 19 in July 2011 and 18 recorded in July 2010. Total… Read More ›
Spring Market Starts Early
An early burst in Spring Market activity has boosted local market results and is starting to offset the unusually slow sales tally posted during January and February of this year. According to preliminaryMLSstatistics of the Niagara Association of Realtors there… Read More ›
Canadian Housing Activity Slowing Down
According to statistics[1] released this past month by The Canadian Real Estate Association (CREA), national resale housing activity retreated in January 2012 from the strong finish reported for December 2011. Highlights: Home sales were down 4.5% from December to January. Actual… Read More ›
Average Price Growth Edging Down
The local housing market started the year at the same pace as January 2011. With 6 residential sales on the books so far this year in Pelham, the month end result is identical to last year. Traditionally, the 7-year average… Read More ›
Slow but Steady Housing Outlook
New listings in Pelham surged during the month of October with 31 single family homes listed for sale compared to 22 placed on the market during the same month last year. Year-to-date, new listings in Pelham have jumped 10%, according… Read More ›
