Anwar Pillay’s Post

'The approval of the Affordable Rent Act could potentially reduce rental costs for new tenants, however landlords may choose to sell their properties instead. This will reduce the supply of rental properties and worsen conditions for tenants who cannot afford or are not willing to buy a home, and therefore unintentionally benefit homebuyers with on average a higher income.' Read all about the current state of the Dutch housing market in our newest quarterly update: https://lnkd.in/e24TcfYf . . . #dutchmortgages #dutchhousingmarket #investinginmortgages #dynamiccredit

Curious about the latest developments in the Dutch housing market? Read all about the current state of the Dutch housing market, including updates on the Affordable Rent Act and the housing shortage, in our newest quarterly update: https://lnkd.in/e24TcfYf . . .

🚀 This article by Dynamic Credit, one of the mortgage lenders we use at Mister Mortgage, highlights the promising climate to buy a house in the Netherlands.    With mortgage rates decreasing in Q1 of 2024, they have remained stable throughout February and March.    🏠 Are you interested in exploring your mortgage options? Book a free introductory call with one of our mortgage advisors today to receive tailor-made advice on your mortgage situation.

Over 100 condo projects in the GTA have been delayed, putting even more pressure on an already strained housing market. To find out what impact this will have on homebuyers, read here: https://lnkd.in/g9a-rKP2 #GTA #RealEstate #HousingMarket #Toronto #Rentals #GTAdashHomes #PreConstructionCondos #TorontoRealEstate #RealInsights

"The conclusion, in our view, is that Richmond #Condos are getting smaller when we need them to get bigger to accommodate the families most in need and that a sizeable proportion of the people who purchase them have a strong motive for a rapid rise in purchase prices and eviction of tenants when they do,” John Roston wrote in a letter to #Richmond mayor and council. #RealEstate #Investing #Mortgage #Housing #Realtor #property #REINCanada #Ontario #realestatebrokerage #investmentproperties #propertyinvestment #realestatedevelopment #internationalrealestate #propertyinvestors #RealEstateConstruction #construction https://lnkd.in/gyJrCXMc

“The key to understanding the current version of the ‘housing crisis’ is the fact that #Housing assets are now at the core of the national economy. This drives up house prices and rents, makes access to home ownership difficult, and increases the risk of economic instability. #Canada’s housing system needs serious reform as it is mainly a system for increasing the wealth of some while increasing the housing distress of many,” professor David Hulchanski said. #RealEstate #Investing #Mortgage #Realtor #property #REINCanada #Ontario #realestatebrokerage #investmentproperties #propertyinvestment #realestatedevelopment #internationalrealestate #propertyinvestors

Unlike Statistics Canada | Statistique Canada, the Canada Mortgage and Housing Corporation (CMHC) Société canadienne d'hypothèques et de logement(SCHL) commentary acknowledges investors’ crucial role in funding new #Housing. CMHC notes that “small #Investors provide much of the funding to build #Condo apartments.” Without investors, the bulk of condo supply could disappear, leaving renters with few options! #RealEstate #Investing #Mortgage #Realtor #property #REINCanada #Ontario #CRE #realestatebrokerage #investmentproperties #propertyinvestment #realestatedevelopment #internationalrealestate #propertyinvestors #construction #realestateconstruction

2025 PROPERTY MARKET 🏠📈 As we step into 2025, there’s a noticeable shift in the UK property market that has caught the attention of many in the industry. Analysts are predicting a move toward a buyer’s market, a significant change from the trends of recent years. According to Hamptons, house prices are expected to rise by 3% this year, with continued steady growth forecasted in the years ahead. For many developers, this is both a challenge and an opportunity. For us as developers, this shift demands a recalibration of priorities. Homebuyers today are savvier than ever—they’re not just looking for a home; they’re looking for quality, efficiency, and affordability. This is where the conversation gets exciting because it’s not just about building houses anymore; it’s about crafting spaces that meet the needs of modern living. Looking ahead, I believe there’s a responsibility for all of us in the sector to embrace this evolving market landscape with creativity and resilience. Whether it’s exploring innovative construction methods or working closely with local councils to understand what communities need, this year is shaping up to be a pivotal moment for the industry. https://lnkd.in/eEeV8iiu

No wonder we have a housing affordability crisis. Digest this. 43 per cent of Toronto condos are investor-owned. In Vancouver, it’s 46 per cent. Oh, it gets worse. Keep reading here. https://lnkd.in/g7ESK4R2 #housing #affordablehousing #investors #buyers #sellers #homeownership #condos #toronto #vancouver #shortyermrentals #interestrates #lenders #vacanthomes

As of September 2023, the New York City residential real estate market is showing signs of both resilience and challenges.  According to a few data and market analyses sources as, and not only : StreetEasy Market Reports, Zillow NYC Trends, REALTOR.com Market Overview Market Overview Price Trends: The median sale price for residential properties in NYC has stabilized,(did it reached a bottom?) , with some neighborhoods seeing slight increases while others are experiencing declines( in the median income neighborhoods?) . As of Q3 2023, the median price was approximately $1.1 million, reflecting a year-over-year change of around -2% to +3%, depending on the borough. As we see the market is more active on the upper income valuations while other are stagnating due to high interest rates. Inventory Levels: Inventory remains a significant issue, with lower-than-average listings compared to pre-pandemic levels. As a result of high rates, a majority of sellers are also the buyers in the same time therefore are reserved. The total number of available units has decreased, leading to competition in certain segments, particularly in desirable neighborhoods. Rental Market: The rental market is robust, with average rents in Manhattan surpassing $4,000 per month. High demand and limited supply have pushed prices up, especially for one-bedroom apartments. Interest Rates: Rising mortgage rates, which have surpassed 7%, are impacting buyer affordability, leading to fewer transactions and more renters entering the market. Affordability Crisis: Many New Yorkers face an affordability crisis, as income growth has not kept pace with housing costs. This has resulted in increased demand for affordable housing options. Key Challenges Interest Rates: The ongoing rise in mortgage rates is creating a barrier for first-time homebuyers. Economic Factors: Inflation and economic uncertainty are causing potential buyers to hesitate. Gentrification and Displacement: Some neighborhoods are facing gentrification, leading to displacement of long-time residents. Conclusion While the NYC real estate market is showing resilience, challenges such as high interest rates, affordability issues, and limited inventory are significant hurdles. Buyers are navigating a tough landscape, and the rental market remains competitive.