Real Estate Market News

News and updates from the world of real estate

Real Estate Market News

Real Estate Market in 2013

Even if the real estate market still suffers from the financial recession in 2008, it seems like there are solid signs of revival. In 2008, many real estate agents remained without jobs, and the incomes of those that remained in the business were affected, especially because the smaller values of properties. On the other hand, the financial recession can also be considered as a negative aspect, as all the unprofessional agents disappeared. 2013 is a year of consolidation in the real estate business, a year in which the agent has to prove that they have learned their lessons.

2013 comes with major changes in this industry. First, the majority of states imposed laws and regulations, so today; all the people that want to become real estate agents have to be trained. This is surely a good thing, as this way, only professional and well prepared agents would enter the market.

The real estates still don’t have the values that they had before 2008, but there is still room for improvement. It is harder to make money as a real estate agent in 2008, but this means implication and determination from those agents. In 2013, the clients would not consider agents as being parasites, and they would understand the importance of such support while buying or selling properties.

The goal of agents in 2013 is to avoid the mistakes of the past. The real estate agencies would only hire the well-prepared agents that can meet the demands of clients with professionalism. The clients would realize that it is a lot better to sell or buy a house with the help of agents, even if they need to pay a commission for those services. After all, it is a lot more important to find a good home where you can live for the rest of your life, instead of buying a house alone, just to discover that it has all the disadvantages in the world, just because you wanted to save a few hundreds dollars.

Brooklin Real Estate: What Options Do You Have?

Brooklin is a small community of the Greater Toronto Area, but it is growing as we speak, especially because of the great natural décor. Even if Brooklin is a small town (much smaller than even small city of Oshawa, it is neighbored with Columbus, Greenwood, Whitby and other important cities, which makes it perfect for people that want to live in a nice natural décor, but to work in one of the biggest cities around. The infrastructure is perfect, and even if the cultural activities are not so diverse in Brooklin, there is always a festival or a concert in one of the neighbored cities.

The real estate prices are not smaller or bigger than the ones from the neighbored cities. One of such cities is the community of Richmond Hill to the North. You might think that prices of houses must be smaller, considering the fact that Brooklin is a rural area. On the other hand, the increasing demand of real estates combined with the lack of capacity for developers to build enough homes to cover the demand brings the prices to an average of the Canadian market.

The majority of houses are sold with a mortgage. Even if the banks were a little scared by the financial recession in 2008, Brooklin was not affected too much by this recession, so the prices were only decreased with 10-15%. If you compare this to the Real estate price increase in Brampton, then you'll be really surprised. When the financial recession was over, the prices remained at the same level, and this is why houses are pretty accessible for the average Canadian today.

This does not mean that you will find a house in a day in Brooklin. Any residential project initiated here is sold even since it is only a concept. As soon as a developer announced that it has the approval of municipality to build houses in a certain area, the buyers rush to buy those houses, even if they are not built! This also means that you need to wait for one year or two before you could move into your new house. This method is specially preferred by young families that currently live in condos, but which want to move into bigger houses to raise families.