Canada Real Estate: The return of trading margins to the purchasers
Cooling-off period won't ease B.C.'s real estate affordability crunch, says expert
VICTORIA — The British Columbia government says people buying homes in the province's hot real estate market could soon be protected by a cooling-off period that gives them time to back out of an agreement. Finance Minister Selina Robinson says the Property Law Amendment Act introduced in the legislature today will help build the framework for a protection period for homebuyers to properly assess, finance and inspect the home they want to buy. Robinson says the length of the cooling-off period and potential financial costs of leaving a purchase agreement have yet to be determined.
While sales slow down on the real estate market, the purchasers return a few trading margins at the time of purchase, according to a study of the ORPI network, published by. Thus, the difference between the selling price offered by the sellers and the purchase price of goods is on average of -2.5% in the first quarter in France.
But according to the cities, this gap is hollow. For example, in Antibes, the margin displayed is 5.4% at the beginning of the year, compared with 1.9% the previous quarter. "Here, sellers too greedy are now forced to adjust their purchasing power of buyers," says the study.A favorable evolution at Reims
A Vannes, theincreased from 0.1% to 3.7% between the fourth semester 2021 and the first quarter 2022. A REIMS, the margin is now 4.3 % compared to 1.2% late 2021. In Nantes, the bargaining rate increased from 1.9% to 3.2% while in Lille, it is 3.7% compared to 1.9% in the fourth quarter.
Real Estate Award in Angers in March 2022: The Indices for Purchase and Rental
© AltitudeDrone / Adobe Stock Real Estate Award in Angers in March 2022: Indices for the purchase and the Rental Price from the square meter, rents, local market trend: Our complete point in the real estate market in Angers on March 1, 2022. on the basis of the information of The FNAIM and Clameur , analyze in detail the level Prices and rents found in Angers if you intend to buy or rent a home.
However, in other cities, trading margins are almost nil for purchasers. This is the case in Montpellier (0.2%), in La Rochelle (0.9%) or Dax (1%). Finally, in other sectors, the margin is stable between the two quarters. Thus, in Limoges, the negotiation rate remains unchanged between the fourth quarter 2021 and the first quarter 2022. It is 2.1%. At Pau, the margin has passed only 3.3% to 3.4%.
Articleappeared first on .
Should you rent or buy a home? Why that calculation might be changing .
Some Canadians have been questioning whether they can — or should — take the plunge from renting a home to buying one. Here's what the experts say. A home for sale in Guelph, Ont., went viral on TikTok this month when a user walked their audience through the property. It had a massive hole in the ceiling, was coated in filth and had burn marks on the front door.