OSV4VH0The average price of Canadian homes inched down in July by .3%. This is the first dop in price since 2013. Not a huge drop but another sign that the housing market is slowing. CREA also reported that sales where down 12% for the same period. 

Are you starting to feel the pinch? If so, contact us to see how we can help.

Read the full CBC article here: Average price of Canadian home sold in July inched down 0.3% to $478,696 in past year

04According to the HuffPost, home sales are falling across Ontario, particullary west of Ottawa. The new mortgage rules and the new foreign speculator's tax appear to be to blame. Real Estate boards are reporting sales are down in most of the major Ontario cities. Toronto's July sales were down a wopping 40 percent! 

Can you handle a slowdown? Is it time to explore your options? If so, contact us to see how we can help.

Read the full article: Home Sales Falling ‘In Most Large Cities West Of Ottawa’

04The CBC reports that the number of realtors in Canada surged by 77 percent since 2008 and now with the looming slow down in the housing market, many will need to consider their options. Finding buyers and sellers in a good market is difficult, but it's even harder to close deals in a poor one. As independent contractors, realtors are faced with all kinds of financial challanges, including no steady income, high brokerage and association fees, advertising costs and more.

If the slowing Canadian Real Estate market is causing you to consider your options, one option is to park your license with Karma Realty until the market recovers. You can still earn referral fees and keep your license active, without many of the costs associated with other options. Contact us to see how we can help.

Read the full CBC article: "Canadian realtors brace for the end of the boom as housing market tightens".

 

 

Becoming a Real Estate agent offers many benefits to those of us who want to be self-employed. We can set our own hours and manage all areas of our business from marketing to accounting. Really, we don’t answer to anybody. Yes, many benefits... maternity leave is not one of them.

When Andrea Y. found out she was expecting she was ecstatic. The one thing that did bother her was the cost of her Real Estate fees during her maternity leave.