Archive for the 'Real Estate Predictions' Category

Real estate professionals, the Teranet Market Insights Forum on February 12, 2019 is almost full. Don’t miss your chance to attend and receive exclusive insights into the Canadian housing market.

Details:
Tuesday, February 12, 2019
8:30 a.m. to 11:30 a.m.
MaRS Discovery District
101 College Street, Toronto, Ontario

Speakers

Stéfane Marion
Chief Economist and Strategist at National Bank

Stéfane Marion is Chief Economist and Strategist for National Bank of Canada and National Bank Financial, a position he has held since November 2008. Mr. Marion is a sought-after speaker on economic trends and their financial implications and is ranked among the leading economists in Canada, according to Brendan Wood International.

National Bank Financial’s Economics and Strategy team is regularly ranked among the top Canadian forecasters and has won recognition for the accuracy of its projections.

In 2012, the C.D. Howe Institute appointed Mr. Marion to its Monetary Policy Council and to the newly established Business Cycle Council. He also sits on the National Bank Pension Committee.

Mr. Marion joined NBF’s Economic Group in 1999. Previously Mr. Marion worked for several years in the federal departments of Finance and Industry in Ottawa, where, in addition to economic analysis and forecasting, he also worked on microeconomic policy impact studies. In particular, he participated in the development of forecasting models and the analysis of the FTA and NAFTA free-trade agreements with the United States and Mexico.

Mr. Marion holds a bachelor’s degree and a master’s degree in economics from the Université de Montréal.

Roger Vandomme
Chief Data Scientist at SMC

Roger’s career has been built on the fundamentals of data analysis, predictive modeling and related decision-making. With 20 years in the credit bureau industry, creating credit scores all around the world, Roger has an outstanding unmatched skill-set in the field of predictive modeling. He has completed numerous studies and research on decision heuristics and biases, developing reasoning methods and processes around systemic design and game theory.

Roger created and manages a decision science boutique, SMC, that helps companies and institutions to optimize their strategic decision-making process through the application of mathematical models, machine learning, and artificial intelligence.

Roger teaches business analytics and machine learning at University of Toronto, as well as operational planning at the Canadian Forces College.

Roger holds a master’s degree in applied mathematics from Paris University, an MBA from Queen’s University, and a Master in Defense Studies with the Royal Military College.

Mark Huttram
Director of Business Development and Marketing at Teranet

Mr. Huttram will reveal exclusive market insights and updates from Teranet.

Don’t miss this opportunity. Register for the February 12, 2019 Market Insights Forum here: http://ci23.actonsoftware.com/acton/media/2216/teranets-market-insight-forum

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Attention leaders in the financial and real estate industries – this is an event you will not want to miss. On February 12, 2019, Teranet is hosting our first Market Insights Forum of the year and the lineup is excellent!

Being that the housing market and real estate economy is on the top of everyone’s minds, we thought what better topic to cover and have invited amongst others, Stéfane Marion, Chief Economist and Strategist at the National Bank to speak on the subject.

Also on the agenda is Roger Vandomme, Chief Data Scientist at SMC. Predictive analytics, machine learning, and artificial intelligence can all help with strategic decision making – especially in an uncertain market. Mr. Vandomme is an expert on how to put raw data to good use for your real estate business.

You can view full event details here: http://ci23.actonsoftware.com/acton/media/2216/teranets-market-insight-forum

The event is almost full so if you plan to register please do so as soon as possible.

The February 12, 2019 Teranet Market Insights Forum runs from 8:30 a.m. to 11:30 a.m. at the MaRS Discover District, 101 College Street, Toronto, Ontario.

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On February 12, 2019 Teranet is hosting another insightful Market Insights Forum.

While in the past this has been an invite-only event, we have decided to open up the February 2019 Market Insights Forum to senior leadership within all major financial institutions, real estate companies, associations, and partner organizations (as capacity permits).

One of the keynote speakers is Stéfane Marion, Chief Economist and Strategist at the National Bank. He will provide a look back at what happened in 2018 and a discussion on how the changing economic and regulatory conditions could impact Canada’s housing market in 2019.

Joining Mr. Marion on the speakers’ list are Roger Vandomme and Mark Huttram.

Mr. Vandomme is the Chief Data Scientist at SMC and an instructor at the University of Toronto. He is speaking about artificial intelligence and what it has to do with human decision making. In his presentation, Mr. Vandomme will define big data, machine learning, and AI, and demystify buzz words often associated with those concepts. He will discuss algorithms associated with predictive modelling and machine learning, as well as how new technical frontiers such as image and language recognition can be applied to the real estate industry.

Mr. Huttram is the Director of Business Development and Marketing at Teranet. He is revealing exclusive market insights and update from Teranet.

For a full agenda and speaker bios, please click here: http://ci23.actonsoftware.com/acton/media/2216/teranets-market-insight-forum

The February 12, 2019 Teranet Market Insights Forum runs from 8:30 a.m. to 11:30 a.m. at the MaRS Discover District, 101 College Street, Toronto, Ontario.

Don’t miss the opportunity to connect with peers and learn about what’s trending in our industry. Register for the February 12, 2019 Market Insights Forum here: http://ci23.actonsoftware.com/acton/media/2216/teranets-market-insight-forum

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January 28, 2019

Last year in 2018 we saw many changes to the Canadian housing market. Now that 2019 is here, what will this year bring?

We’re breaking down real estate predictions for the year ahead. Here’s what’s on our radar:

1. Interest Rate Increases

In 2018, we saw Canadian interest rates rise from 1% to 1.75% and more hikes are on the horizon for 2019. Economists speculate we may see interest rates reach 2.25% by 2020.

This may seem small, but it could have a big impact on Canadian household debt. It may change what kinds of houses Canadians are able to afford and how well they can keep up with expenses, like utility payments.

2. Housing Prices

Overall, in 2018, house prices in Canada rose at a slow rate — the slowest since 2009 in some months. The Teranet-National Bank House Price Index has captured all of the data from the past year. Toronto and Vancouver have struggled, but other markets, like Montreal and Ottawa-Gatineau, have recorded larger increases over the past few months.

In 2019, we may see more stabilization, but it will likely take more time before we return to where we were.

3. Dwelling Shifts

With increased interest rates and mortgage stress tests, homebuyers are gravitating towards different dwelling types — in particular condos and multi-family units. Supply for single-family residential homes is tight in major cities.

This may mean that multi-family units continue to rise in popularity. It could also mean that more families seek out different areas to reside in — for example, opting for an affordable small town instead of a bigger urban centre.

4. More Affordable Housing

In 2018, the Ontario Real Estate Association (OREA) joined forces with other agencies to lobby the provincial government for more affordable housing options for millennials. Particularly in Toronto, OREA has said there is a housing crisis.

This conversation is taking place across the country about how to create more affordable housing, especially with home prices on the rise. We expect these talks will continue into 2019.

5. Insurance Premiums May Rise

As of January 1, 2019, new MICAT (mortgage insurer capital adequacy test) guidelines are in effect, which could see default insurance premiums rise.

6. Technology

Digital transformation has been a buzzword for a while, but in 2019 we are entering a new age of real estate technology. On the residential front, this will look like more smart devices in homes — such as voice technology using Amazon’s Alexa or the Google Home

systems. Home buyers may also want to control lighting and other utilities from mobile devices and the like.

On the real estate sales front, more technology also amounts to more opportunities for sales professionals. We may see a surge in paperless real estate, or more automation being included in property evaluation, like aerial imagery from drones or viewing a home through virtual reality (VR).

No matter what changes affect the real estate market in 2019, GeoWarehouse can help you adapt. Our tools are accurate, up-to-date, and easy to access, meaning you’ll be able to stay agile and competitive.

Learn more by calling 1-866-237-5937 or visit www.geowarehouse.ca.

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If real estate signs are any indication, Toronto and Vancouver continue to be two of Canada’s hottest real estate markets. According to recent reports from the Teranet-National Bank House Price Index, home prices have risen steadily over the past few months, with the biggest 12-month rises ever for Toronto and Hamilton. According to a recent Financial Post, Vancouver went up for the first time in five months by 0.7 percent! Both provinces introduced “foreign buyer tax” regulation in an effort to control rising prices, but it appears nothing can stop a hot market these days.

So, where is the next hot market? What can you do to discover the next great untapped area for real estate? Are there real estate signs you can look for?

Maybe you recently drove by the construction of a mini-mall in the middle of nowhere. That’s a sign of pending development. Or did you recently read about a new school being built? Chances are it’s being built in a growing neighbourhood. For years, the Mount Pleasant GO train station between Toronto and Guelph seemed like an odd place to build a commuter train stop – it was the only structure for miles in the middle of a field. Today it has to be one of the busiest commuter stops on the Kitchener line with residential properties surrounding it as far as the eye can see.

New up-and-coming areas don’t necessarily have to be new developments. Some of the best real estate markets are dirt-cheap compared to Toronto and Vancouver, but that certainly doesn’t mean they’re going up in value.

So, how can you tell if an existing area is destined for growth? Here are some common real estate signs that point towards a future hot market in established communities:

  • They are usually second- or third-tier cities in terms of population.
  • There are cultural and postsecondary institutions nearby.
  • The area has a long history and diverse economy.
  • The prices are low, but the demand is starting to grow.

Another way to find a new hot market is to look outside of existing hot markets. In places like Toronto and Vancouver, as home prices steadily rise, more buyers will continue to choose the suburbs for affordable housing. People like to live close to urban hot spots with handy amenities and lively neighbourhoods, but there is often not enough affordable property for most homebuyers. As a result, many people have to look further out from cities to find homes in the right price range.

With GeoWarehouse, you can access detailed neighbourhood reports to help you predict the next hot market.

Visit www.geowarehouse.ca today to learn more about what this powerful program can do for you!

Sources:

https://housepriceindex.ca/2017/05/april2017/

http://business.financialpost.com/personal-finance/mortgages-real-estate/yep-still-going-up-canada-new-housing-prices-rise-on-vancouver-toronto-strength

 

 

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