Municipal governments are starting to put green standards in place for developers and builders to follow to help protect the planet. But will it really work?
The expectation of disruption to the US housing market caused by the coronavirus crisis may open up a window of opportunity for Canadian real estate investors.
That’s according to Cotton & Company, a Florida-based international sales and marketing firm specializing in luxury residential properties, which says that the strong market fundamentals are likely to mean a short-lived opportunity for buyers – due to sellers’ anxiety - followed by a rebound.
“We’ve taken this ride before,” said Stephann Cotton, the firm’s president. “In June 2005, we raised a red flag at the beginning of the last cycle. We witnessed a significant drop in new web visitors and website registrations across the board for dozens of new home communities. Our online analytics were the early indicators of a substantial shift in the marketplace, and it occurred six months prior to national economists recognizing a market shift.”
Good time to buy With 30-year mortgage rates at a historic low following the Fed’s recent cuts, Cotton believes now is the right time to buy.
“In the short term, homebuyers are distracted by the day-to-day changes that have resulted from our new normal,” said Cotton. “But for the savvy homebuyer, now may be the right moment to get out of the stock market volatility, and back into a more stable real estate market.”
The survey shows that buying a home in a major city centre has risen 5% since last year.
The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.
Coming to Toronto May 14-15 is an in-person event discussing multifamily investing and the benefits it can have for new and experienced investors.
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