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First-time homebuyers see new opportunities, challenges in pandemic economy | iNFOnews


Anita Balakrishnan
A real estate sold sign is shown in Oakville, Ont., on Sunday, Dec.20, 2020. A topsy-turvy real estate market has opened up new opportunities for first-time homebuyers this year — but those seeking to take advantage still face major hurdles. THE CANADIAN PRESS/Richard Buchan
December 30, 2020 - 11:04 AM
TORONTO - With mortgage rates at historic lows and price growth tapering in certain markets, the COVID-19 pandemic has presented both opportunities and challenges for first-time homebuyers.
New buyers are seeing condo prices come within reach in downtown areas awash with vacant high rises. But young families are also being priced out of starter homes in suburbs at a faster rate. ....

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2020 resale market: A new record of 110,000 residential transactions


The Quebec Professional Association of Real Estate Brokers (QPAREB) presents its review of 2020 following the impact of COVID-19, highlights of a new survey on buying and selling intentions, and its 2021 forecasts for the residential real estate market in the Montreal Census Metropolitan Area (CMA), the Quebec City CMA and the province of Quebec.
Highlights: Review of the 2020 resale market
Record-setting sales in 2020, with 110,000 projected transactions;
A 15 per cent increase in sales and a 29 per cent decrease in listings, all property categories combined;
Significant increase in single-family home sales (+17 per cent) from January to November;
Sales in non-CMAs increased by 28 per cent from January to November while sales in CMAs increased by 10 per cent, which demonstrates an acceleration in movement to areas outside the main cities; ....

Province Of Quebec , Charles Brant , Quebec Professional Association Of Real Estate Brokers , Quebec Professional Association , Real Estate Brokers , Montreal Census Metropolitan Area , Quebec City , Real Estate , மாகாணம் ஆஃப் க்வீபெக் , சார்லஸ் பிராண்ட் , க்வீபெக் ப்ரொஃபெஶநல் சங்கம் ஆஃப் ரியல் எஸ்டேட் தரகர்கள் , க்வீபெக் ப்ரொஃபெஶநல் சங்கம் , ரியல் எஸ்டேட் தரகர்கள் , மான்ட்ரியல் மக்கள் தொகை கணக்கெடுப்பு பெருநகர பரப்பளவு , க்வீபெக் நகரம் , ரியல் எஸ்டேட் ,