November Preferred Client Update

November 4th, 2019
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Huge Federal Reserve Study of Americans Proves Homeowners have a 36% Higher Net Worth than Renters

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups.

The study revealed that in 2018, the median net worth of a homeowner was $194,000. At the same time, the median net worth of renters wa ...

Homes under $500,000 moving to more balanced conditions (CREB report)

November 4th, 2019

Sales activity in October improved by nearly 10 per cent compared to last year, driven mostly by improvements for apartment and attached product.

New listings also eased, which helped reduce inventory levels and the oversupply in the market. Despite the move to more balanced conditions, the market remains oversupplied and prices continue to remain below last year's levels.

"Employment has ...