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Market Pulse & Trends 2017 vs 2018

What was the impact of low inventory, stress tests and the rise of interest rates on the Huntsville/Lake of Bays Real Estate Market?   Buyer Demand Compared to 2017, we experienced lower inventory in both the Residential Market and the Waterfront Market. Buyer demand in both markets remained evident, despite the introduction of the nationwide 'stress test' in January 2018 and the forecasted interest rate increase. Steady buyer demand resulted in the continued high list to sale ratio and fewer days on the market.  Differences in List to Sale Ratio and Days on Market (DOM) for 2017 vs 2018 were nominal. Annually we saw an increase in average sale…

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Great house, but does it have a backyard for my dog?

Pets Influence Buying Decisions If you are among the 35% of Canadians who have a dog, or the 38%* who have a cat, then I am sure you can appreciate the influence they have in buying and selling your home. (Canada Wellness Report*) When I was looking for my home in Huntsville, a backyard was a must have for Harley (my pup), along with a friendly neighbourhood for walks. If a house did not have either of these things, then I wasn’t interested.  Next!     Buying a Pet-Friendly Home Several "must-haves" come up during the buying process for a…

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