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Category: Real Estate

Market Insights from Dan Cooper

2018 has been a year of change for the real estate industry and it’s no surprise there are many questions to be answered.

We recently held a networking event in Oakville to meet clients and business owners in the community so we could do just that, answer all of your questions related to real estate, borrowing money, wills and estate planning, and how to make the most of the current economic climate. A lot of valuable information was shared that evening and we have summarized our top three market insights from Dan Cooper himself.

  1. It is abundantly clear that the 2018 real estate market differs significantly from 2017 and 2016, but how does this year compare to a decade ago? After reviewing the data the findings might surprise you. Averaging out the sales month-over-month, we can project 80,000+ sales in 2018, on par with 10 years ago. I believe we will have a stronger fall market and total sales should land closer to 85,000 by year end.
  2. The Canadian real estate market continues to bring us a lot of the same news and trends as previous months; shrinking sales, increasing months of inventory, talk of further Bank of Canada interest rate hikes and a concern about the real estate market in general. For most of us who have a large part of our wealth tucked away in bricks and mortar there is reason to be optimistic as prices continue to recover.
  3. September statistics show moderate increases compared to 2017 and September 2018 is the fourth consecutive month of increases on a year-over-year comparison due in part to consumer confidence and Buyer’s reappearing into the market. Housing in Oakville and Burlington remains a steady long-term investment. Our market continues to attract Buyers due to our safe communities, excellent schools, proximity to major highways and our small-town sense of community.

“The GTA is emerging from a housing correction that was triggered by a combination of eroding affordability and government intervention,” said Phil Soper, President and CEO, Royal LePage. “The introduction of the mortgage stress test in particular slowed activity in Toronto’s ‘905’, bringing lower prices to the over-heated suburban region. Quarter-over-quarter trends are pointing to the end of this correctional cycle and the beginning of a modest recovery in the region.”

As we return to a more balanced market our concern continues to be the lack of housing inventory to meet the growing demand. If you considered selling over the past year or two, now might just be the right time. Overall real estate looks really, really good!

Nov
01

Juwai.com

Juwai

Juwai.com is the leading Chinese international property portal with access to exclusive high net worth Chinese members interested in purchasing property overseas.

Every month there are millions of Chinese entering the middle-class looking to invest in stable overseas property, however, websites not hosted in China tend to be blocked or experience slow load times for their web pages.

Juwai.com is a smooth, user-friendly experience that has none of these issues taking you behind the Great Firewall and placing you in front of an audience that is able and eager to invest in various types of residential and commercial properties.

Due to its success over the years, Juwai.com is now one of the most popular sites in other regions, including Hong Kong, Taiwan and Singapore.

The Dan Cooper Group lists all their properties on Juwai.com. When you list with us, you also list with the best property portal in Asia exponentially multiplying your property’s exposure. Prospective clients need not be physically present to view and learn how valuable your property is. Our team will make sure they do.

USMCA Deal Has Been Struck

Adding to consumer uneasiness was Canada’s difficult negotiations with the U.S. to renew the North American Free Trade Agreement. After more than a year of intense negotiations, the federal government reached an agreement with the U.S. and Mexico on regional trade. Widely seen as a good outcome for the Canadian economy, the USMCA is expected to be signed into law before year end. It seems many consumers have been patiently waiting on the sidelines in anticipation of a deal being reached.

“Positive economic fundamentals, supported by a new agreement on trade, should bolster consumer confidence across Canada and stoke demand in the nation’s real estate market,” said Phil Soper, President and CEO, Royal LePage. “Dangerously overheated regions have cooled considerably this year, while home prices have remained remarkably resilient. This is the soft landing that policy makers were hoping for.”

What a Difference a Year Can Make

This is the thought on everyone’s mind when it comes to real estate. The exceptionally high sales in the spring of 2017 were an anomaly. At this time last year homes were selling overnight and in bidding wars so our job when representing the seller was to negotiate the best possible selling price and we did just that!

This spring, however, is a completely different story.

With a rise in active listings and higher days on market, selling your home fast and for top dollar will require more. What does this mean for you as a seller? It means it’s important, now more than ever, to work with an experienced realtor with superior industry knowledge, comprehensive marketing campaigns, masterful negotiation skills, first-class service and the unrelenting desire to get the best results.

“While we have recently seen both overshooting and corrections in Canada’s largest markets, on a national basis we believe the Canadian housing market is amidst a long-term expansionary cycle supported by strong economic fundamentals,” said Phil Soper, President and CEO, Royal LePage. “Canada’s stature is rising on a global scale. Our cities continue to be ranked among the most desired places to live in the world. Our economy is strong, our unemployment levels are the lowest they’ve been in four decades and we have one of the fastest-growing populations among advanced economies. These factors combined are incredibly supportive of long-term housing demand and valuations.”

At the Dan Cooper Group, it’s business as usual. We are buying and selling homes for our clients as usual and will continue to deliver on our brand promise. So, we want you to relax in the knowledge that when it comes to real estate, we will take care of you just like we have for the past 27 years.

The Dan Cooper Difference

Our team philosophy is to put our clients first and our goal is to deliver the ultimate real estate experience. We have developed a powerful mix of key strengths over the past 25+ years that give our clients the greatest return on their investment. We remain in constant communication throughout the process and embrace new technology to remain on the cutting edge in today’s rapidly changing world.

We are focused on more than just marketing strategies. Our distinctive brand, broad market coverage, Informative Market Reports, Live Chat, Google Translate, Search Engine Marketing and 100+ Google Reviews are prime examples of our innovative and leading edge approach.

Our team of dedicated professionals brings to the table a unique range of complementary strengths, specialized backgrounds, accreditations and award winning results. We are multilingual and speak six languages. We are passionate about what we do and together we make the experience distinctly better for our clients in every way.

In addition to our team of seasoned realtors, our extended group also consists of an incredible administrative team including our Team Manager, Marketing Specialist and Brand and Business Development Manager, in addition to home staging, painters and general contractors, photographers, lawyers and moving companies. We strive to ensure all our clients enjoy a seamless and stress-free experience!

See for yourself what people have to say about us – we have over 100 Google Reviews with a 5.0 rating.

Knowledge is power when buying or selling a home. The Dan Cooper Group has an unmatched knowledge of housing values and trends, comprehensive marketing campaigns and first-class service. Contact us today and put the power of our experienced, award winning team on your side and receive the Dan Cooper Difference.