REAL ESTATE NEWS
The real estate market continues churn for the Kingston & Area markets, but at volumes significantly less then normal!MONTH to MONTHUnits sold were up by 67% over April 2020 from 177 Units to 295 for Kingston & Area. To put this into perspective… May of 2019 saw 464 sales.YEAR over YEARKingston and area started off … Read more Kingston & Area Statistics – YTD May 2020
Kingston and area real estate statistics has been very positive news so far this year. As of the end of May 2016 we have seen a 4% increase in price. This makes the average selling price of a home just over $301,000. So far this year we have seen strong residential home sales for … Read more Kingston and Area Statistics Ending May 2016
When we look at the sales information for the first three quarters of 2014 vs 2015, Kingston saw an increase in single family home sales of 7.7%. This is considerably better than last year which saw a decrease over 2013 sales of nearly 6%. We don’t see this changing much by years end. There were … Read more Kingston and area home sales ending 3rd Quarter 2015
Home sales recorded through the MLS® System of the Kingston and Area Real Estate Association posted a double digit year-over-year increase in August 2015. Residential property sales numbered 297 units in August, up 13.4 per cent from the same month a year earlier. On a year-to-date basis home sales are currently running almost seven per … Read more Kingston and Area home sales pop up in August
Currently, as a home buyer you will pay a Provincial Land Transfer Tax. This adds thousands to the home purchase. This may change in the future if the province grants Municipalities the authority to collect additional tax revenues by way of a Municipal Land Transfer Tax. Toronto buyers currently pay a Provincial and a Municipal … Read more Have you heard about the Municipal Land Transfer Tax?
Home sales recorded through the MLS® System of the Kingston and Area Real Estate Association were up on a year-over-year basis in October 2014. Residential property sales numbered 250 units in October, rising 16.3 per cent from the same month last year. “The 250 homes that changed hands in October 2014 made for the strongest … Read more Kingston and Area home sales, new listings rise in October
Home sales recorded through the MLS® System of the Kingston and Area Real Estate Association was little changed on a year-over-year basis in September 2014. Residential property sales numbered 251 units in September, edging p 1.6 per cent from the same month last year. “September turned in another solid performance, with home sales running roughly … Read more Kingston and Area home sales edge up year-over-year in September
Choosing the length of your amortization period, which means the number of years you will need to pay the full balance of your mortgage, is an important decision that can affect how much interest you pay over the life of your mortgage. Historically, the banking industry’s standard amortization period has been 25 years, … Read more Longer or shorter? Your amortization affects how much your mortgage really costs.
Home sales recorded through the MLS® System of the Kingston and Area Real Estate Association numbered 334 units in July, down five per cent from a year earlier. “Home sales in July were down slightly from strong levels in the same month last year, but came in above the five-year average for the month and … Read more Kingston and Area home sales remain solid in July
The Bank of Canada announced on July 16th, 2014 that it was keeping its trend-setting overnight lending rate at 1 per cent. The overnight rate has not moved in almost four years, and the Bank’s July announcement and accompanying Monetary Policy Report (MPR) suggest the most likely scenario right now is that the overnight … Read more Bank of Canada signals low rates for longer