The coronavirus pandemic is driving rents down in San Francisco and across the region, reshaping a housing market that for the past decade has generated enormous profits for residential developers while displacing tens of thousands of workers from the inner Bay Area. Rents are down 9% from a year ago in San Francisco and over 15% in […]
Chinese investors are aggressively starting to purchase international properties once again. The rising demand for real estate from buyers in Asia may catalyze a prolonged housing market rally as seen at the start of 2001. Residential and luxury properties across many countries including Singapore, Australia, the Philippines, and South Korea are reportedly being bought up. Wealthy […]
Oakville, with picturesque Lake Ontario waterfront and countless pockets of luxury homes, has boasted a strong housing market over the past few years. This suburban market was primed for balanced conditions coming into the new year, with an expected five-per-cent increases in prices, according to the RE/MAX 2020 Housing Market Outlook Report. Oakville is a hot […]
According to the CoreLogic Home Price Index Report, national home prices saw a year-over-year increase of 5.4% in May — up from a 3.6% gain in April 2019. CoreLogic attributes the growth to a decrease in housing supply because of the pandemic. “Tight supply and pent-up demand, particularly among millennials, provides optimism for a bounce-back in […]
