Local Market

How’s The Market?

As a REALTOR, it common to be asked how is the market? Did that new company increase house sales? Are prices going up? Where do you see growth? I will try to keep the consumer informed as to what I see are the trends that are happening in the Goderich and Huron County real estate market.

No two real properties are identical, no two buyers are identical. Being an informed consumer about the market that you are involved in can go a long way towards understanding the process of selling and buying real estate.

The Canadian Real Estate Association is one of the single largest organizations with over 100,000 members. On their website, they provide a registrant search service, real estate information as well as news pertaining to the real estate industry. CREA publishes a report each month about sales activity within trading areas acroos Canada. Click to view the most up-to-date information for Huron Perth.

The Real Estate Council of Ontario overseas the education, insurance and standards for its members.

In addition to the previous two organizations, I am also a member of Huron Perth Real Estate Board. HPAR is responsible for maintaining the MLS system. It also provides support to members at the local level.

The Canadian Mortgage and Housing Coproration is an arm of the federal government. It was set up to help Canadians with home ownership. Over the years, they have had various home ownership sponsored programs and also insure higher ratio mortgages through local banks and mortgage agents. They publish Quarterly Reports about certain housing options in regions across the country.