Gwen  Layton

Gwen Layton

Sales Representative ABR®

Coldwell Banker - R.M.R. Real Estate, Brokerage*

Mobile:
647-991-3276
Office:
905-852-4338
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Gwen Layton's blog

Demographic trends provide a floor to housing correction: RBC

Demographic trends provide a floor to housing correction: RBC

Immigration and smaller households should boost demand and prevent a market spiral, a report says

By: Mark Burgess August 17, 2022

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Rising interest rates are contributing to a steep correction in Canada’s housing market, but demographic trends will likely prevent a prolonged spiral, RBC says.

Two Real Estate Articles Posted Four Hours Apart - Glass Half-empty or Glass Half-full?!

Canada Home Price Index Posts Record Growth in April

Reporting by Julie Gordon in Ottawa; Editing by Chizu Nomiyama - Teranet - 05/18/2022

OTTAWA (Reuters) - Canadian home price growth accelerated again in April, with annual price gains breaking the record set last year, index data showed on Wednesday.

The National Bank Composite House Price Index, which tracks repeat sales of single-family homes in major Canadian markets, rose 2.7% in April, up from a 2.1% gain in March. The data is not seasonally adjusted.

2022's Real Estate News & Views

2021 earned the title “the hottest year in Canadian real estate history,” for some. Let's hear what some say is in store for the coming year. 
In a new report, online realtor Zoocasa makes five market predictions after an extraordinary year that will be remembered for record-breaking sales and price gains of over 20%.

MOST DESIRABLE LUXURY HOME AMENITIES

1. HOME OFFICE/ FLEX SPACES 

2. AU PAIR SUITES 

3. OUTDOOR LIVING SPACES 

4. SUSTAINABILITY/ ECO-FRIENDLY FEATURES 

5. VEHICLE STORAGE

6. HOME AUTOMATION

7. GYM SPACES

 

2020 MOST WANTED HOME FEATURES 

72 % 

PREFER OUTDOOR LIVING SPACES 

81% 

PREFER HOME AUTOMATION 

77% 

PREFER OPEN CONCEPT FLOOR PLANS 

68% 

Current Market Mortgage Trends

Soaring home prices over the past year have forced a majority of today’s homebuyers to use the maximum mortgage amounts they’ve been approved for.
More than 65% of recent buyers bought the maximum amount of house they could afford, according to the Canada Mortgage and Housing Corporation’s (CMHC) latest consumer survey. 

Tougher times have come and gone...

Inspirational stories from quarantine 

Stories, speeches and shares that inspire

The pandemic brings out the best in the best people. Too often, stories of people's positive responses to the situation have been overshadowed by other news. Here's a look at inspiring stories, speeches, and more, from inside Canada's retirement homes.

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