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Canada’s Money Supply Growth Is Slowing, and That’s Bad For Economic Activity

Near record low interest rates may still be too high for highly indebted Canadian households. Bank of Canada (BoC) numbers show the growth of the M1+ money supply fell to a multi-year low in March. The decline of this measure is typically indicative of slowing future economic activity. The M1+ The M1+ is a narrow […]

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Your Fabulous New Dream Home is Now Available

Over the last several years, many “baby boomers” have undergone a metamorphosis. Their children have finally moved out and they can now dream about their own future. For many, a change in lifestyle might necessitate a change in the type of home they live in.

That two-story, four-bedroom colonial with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. When they decide to travel to be with friends and family, locking up the house is too time-consuming and worrisome.

Instead, a nice ranch home with 2-3 bedrooms and two baths might better fulfill their new needs and lifestyle. The challenge many “boomers” have faced when trying to downsize to the perfect new home has been a lack of inventory.

The average number of years a family stays in their home has increased by fifty percent since 2008, causing fewer houses to come to the market. During the same time, new home builders were concentrating most of their efforts on large, luxury, expensive houses.

However, that is starting to change.

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 692,000 units in March. The great news is that more of those homes were sold at the lower end of the price range.

In a press release last week, the National Association of Home Builders (NAHB) explained that:

“The median sales price was $302,700, with strong gains in homes sold at lower price points. The median price of a new home sale a year earlier was $335,400.”

NAHB Chief Economist Robert Dietz offered further detail:

“We saw a large gain at lower price points where demand is strong. In March of 2019, 50% of new home sales were priced below $300,000, compared to 39% in March of 2018.”

Bottom Line

If you are a “boomer” thinking of selling your old house in order to buy a new home that better fits your current lifestyle, now may be the perfect time!

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Canadian Household Credit Sees Slowest March Growth Since 1983

Canadian households hit a new all-time high for debt, but the level of growth is slowing. Bank of Canada (BoC) numbers show the balance of household debt reached a new high in March. Despite breaking a new record, Canada’s credit growth is at recession low levels of growth. This can present a major kink in […]

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2 Trends Helping Keep Housing Affordable

Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades!

These two factors have helped keep housing affordable despite low supply of houses for sale driving up prices. First American’s Chief Economist, Mark Fleming, explains the impact,

“Ongoing supply shortages remain the main driver of the performance gap as the housing market continues to face an inventory impasse – you can’t buy what’s not for sale.

 However, an unexpected affordability surge, driven primarily by lower-than-anticipated mortgage rates, rising wages and favorable demographics, has boosted housing demand.”

Mortgage interest rates had been on the rise for most of 2018 before reaching their peak in November at 4.94%. According to Freddie Mac’s Primary Mortgage Market Survey, interest rates last week came in at 4.20%.

Average hourly earnings grew at an annual rate of 3.2% in March, up substantially from the 2.3% average pace seen over the last 10 years.

These two factors contributed nearly $6,000 worth of additional house-buying power for median households from February to March 2019, according to First American’s research. Fleming is positive about the prolonged impact of lower rates and higher wages.

“We expect rising wages and lower mortgage rates to continue through the spring, boosting housing demand and spurring home sales.”

Bottom Line

Low mortgage interest rates have kept housing affordable throughout the country. If you plan on purchasing a home this year, act now while rates are still low!

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The Agency Celebrates Earth Day with Santa Monica Beach Cleanup

In honor of Earth Day, members of The Agency family stepped away from their desks and showings to clean up the Santa Monica shoreline. Sporting their Agency swag, the cleanup crew kicked off the day at the famed Santa Monica Pier and covered 2.6 miles of coastline, removing a staggering 127 pounds of trash from the beach.While Earth Day is a great excuse to break out the gloves and trash bags, The Agency is committed to extending its efforts throughout the year, and we look forward to hosting more beach cleanups and community outreach initiatives in the months ahead.View more photos from the cleanup below.     The Agency Celebrates Earth Day with Santa Monica Beach Cleanup published first on https://real-estate-sg.weebly.com/

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The Agency Agenda Orange County: What to Do + Where to Go This May

Our picks of places to go and things to do to make the most of your month in Orange County.SNACK & SHOP HERE - Inspired by the lively night bazaars of Asia, OC Night Market brings more than 180 local food, merchandise, games and art vendors to OC Fair & Event Center for its sixth year during the months of May, June and August. Billed as the only large-scale night market festival in OC, innovative street food staples, including unicorn elotes and pho tacos, are served alongside a revolving program of dance competitions, live music, eating contests and a vibrant Art Walk.GET YOUR LOBSTER ON HERE - The only thing better than all-you-can-eat lobster? All-you-can-eat lobster for a good cause. Now in its 10th year, Tustin Lobsterfest brings an endless supply of fresh Maine lobster, tri-tip and all the fixins to Peppertree Park on April 18th for an afternoon of family fun, with 100 of net proceeds going to support the Tustin/Santa Ana Rotary Club Foundation projects and charities.CELEBRATE SUMMER HERE - May 19th marks the start of Balboa Island’s summer season, highlighted by the 25th annual Balboa Island Artwalk, featuring 90 local artists exhibiting original paintings, jewelry, sculpture and more along the beloved South Bayfront Promenade. Grab a famous frozen banana and enjoy a spring afternoon by the bay, accompanied by live performances by Gary Gould, Tracy Longstreth, The Retros and more.DON YOUR KILT HERE - Celebrate your Scottish heritage—or just play pretend—at Scottish Fest, billed as the oldest and largest Scottish and Celtic festival in Southern California. Taking place May 25th & 26th at the 150-acre OC Fair & Event Center, the fest celebrates everything Scottish; from world-class Celtic bands, including 400+ bagpipers and drummers, to Irish Step dancing and sheep herding. Explore your heritage with over 60 Scottish clans on “Scottish Clan Row” or pick up a kilt as gift for friends back home.GET JAZZED HERE - Pack a picnic blanket and head over to the Hyatt Regency Newport Beach for Newport Beach Jazz Festival. The weekend kicks off Friday evening, with a performance by Sax to the Max at The Back Bay Amphitheater, followed by a full weekend of live jazz on the golf course, featuring sets by  Morris Day & The Time, George Benson and more, all against a breathtaking backdrop of Newport Beach Back Bay.CATCH A FILM HERE - Now in its 20th year, Newport Beach Film Fest has been celebrated as one of the leading lifestyle film festivals in the country, bringing Orange County film buffs the best contemporary filmmaking from over 50 countries around the globe, including 100 narrative and documentary feature films, 200 short films and a host of innovative music videos. 65 culinary partners from some of the OC’s best restaurants will be dishing out delicacies at 12 lively festival parties throughout the eight-day event, making it one of the largest culinary events in SoCal. April 25th-May 2nd. The Agency Agenda Orange County: What to Do + Where to Go This May published first on https://real-estate-sg.weebly.com/

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The Agency Agenda Pasadena: What to Do + Where to Go This May

Our picks of places to go and things to do to make the most of your month in Pasadena.PLAN YOUR NEXT GETAWAY HERE - Whether you’re looking to liven up your honeymoon itinerary or plan the perfect solo adventure, you’ll find all the inspiration you need—and then some—at The Travel Expo. Taking place May 11th at Pasadena Convention Center, the expo will bring leaders, influencers, travelers, tour operators and representatives from around the world together for a day of panel discussions, roundtables and more, all designed to inspire and elevate your next travel experience.REVISIT THE PAST HERE - Presented by The Monrovia Historic Preservation Group, the 37th Historic Homes Tour on May 5th will showcase six of the first homes built in the neighborhood— predating the end of 1887. In keeping with the tour’s throwback theme, vintage “horseless carriages” will roam the streets for the day, while knowledgeable docents will be stationed inside each home, ready to share stories, anecdotes and architectural details with curious attendees. AND HERE: One of Pasadena’s most historically and architecturally significant neighborhoods, Madison Heights is home to an impressive assemblage of famed designer homes by the likes of Greene & Greene, Frederick Louis Roehrig, Sylvanus Marston, Reginald Johnson, Heineman & Heineman, Hunt & Grey, and Louis B. Easton. Pasadena Heritage is offering a guided walking tour of the neighborhood on May 11th.GET YOUR CYCLE ON HERE - The Amgen Tour of California, which kicks off May 12th in Sacramento, wraps up May 18th right here in Pasadena. The Tour de France-style cycling road race brings the world’s top professional cycling teams together for a heated race along California’s iconic highways and coastlines. The Lifestyle Festival, held on May 18th at Rose Bowl Stadium, offers fans an opportunity to interact with exhibitors and enjoy music, live streams, a kids’ race and adult refreshments before cheering on their favorite teams as they cross the finish line.SHOP HERE - Held every second Sunday of the month, Rose Bowl Flea Market draws treasure hunters from around the country to Pasadena’s world-famous Rosebowl Stadium in search of collectable midcentury furniture, vintage clothing, rare vinyl records and more. Since this month’s flea happens to fall on Mother’s Day, why not bring mom along for some Sunday shopping and let her pick her own surprise? If you’re feeling extra generous, treat her to early entry so she can have her first pick of the best goods—just be sure to set your alarm, as gates open at 7AM sharp     The Agency Agenda Pasadena: What to Do + Where to Go This May published first on https://real-estate-sg.weebly.com/

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The Agency Agenda Palm Springs: What to Do + Where to Go This May

Our picks of places to go and things to do to make the most of your month in Palm Springs.EAT TACOS & SIP TEQUILA HERE - Tequila & Tacos Fiesta in Old Town La Quinta brings together two of The Agency’s favorite pastimes (tacos and tequila, of course) for an evening of family fun on May 4th. Enjoy tastings from local restaurants in Old Town along with live mariachi music and plenty of frothy margaritas to make it feel like a party.DO DINNER & A MOVIE HERE - Street Food Cinema returns to La Quinta Park this summer season, pairing some of the best pop culture film screenings under the stars with gourmet street food trucks and live music. Don’t miss the next screening on May 25th, featuring Selena with special guest, Grammy Award-winning artist Chris Perez (the lead guitarist for his wife Selena’s band).SCOPE OUT THE ART SCENE HERE - A long-standing tradition on Palm Desert’s El Paseo, often referred to as “The Rodeo Drive of the Desert,” El Paseo Art Walk is held on the First Friday of every month, November through May. The street comes alive with gallery openings, artist receptions and more, with courtesy carts dropping gallery hoppers off at all the top spots along the way. Be sure to catch the last Art Walk of the season on May 3rdCELEBRATE MUSIC HERE - Now in its 17th year, Joshua Tree Music Festival brings a family-friendly global music experience to Joshua Tree Lake RV & Campground May 16th to 19th. While the focus is live music, the weekend-long event features everything from sunrise yoga sessions to a bodywork oasis, art installations, world food market and more.VEG OUT HERE - Coachella Valley’s first vegan festival, Desert VegFest takes to CSUSB’s Palm Desert Campus on May 11th for a day celebrating all things vegan. Enjoy vegan food vendors, cooking demos, speakers and live music.SHOP & SNACK HERE - Every Thursday night, world-famous Palm Canyon Drive in Palm Springs transforms into Village Fest, a bustling, pedestrian (and dog-) friendly street fair featuring a wide array of artists, artisans, entertainers, food stands and more.   The Agency Agenda Palm Springs: What to Do + Where to Go This May published first on https://real-estate-sg.weebly.com/

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The Agency Agenda Park City: What to Do + Where to Go This May

Our picks of places to go and things to do to make the most of your month in Park City.SPIN YOUR WHEELS HERE - The Soldier Hollow Bike Fest, now in its third year, spins May 2nd - 5th, featuring races for all ages and abilities, from juniors to amateurs to elite cyclists. The Time Trial kicks off the four-day event, which will feature Short Track, Cross Country and Marathon races, as well as Junior Skills and Biathlon events. The bike fest isn’t just for the racers; spectators can enter for free and enjoy a range of vendors, exhibitors, activities and food trucks at the event, which takes place less than a half-hour from Park City at Soldier Hollow in Midway, the site of the nordic events during the 2002 Winter Olympics.STOP AND SMELL THE FLOWERS HERE - There’s still time to catch Bulbs & Bloom at Red Butte Garden, one of the great botanical gardens in the west, located just 25 minutes from Park City. The spectacular spring Daffodil Display continues in early May, featuring a colorful array of more than 460,000 blooming bulbs, 230,000 of which are daffodils. The Red Butte Garden volunteers and staff plant additional bulbs each fall, including Allium, Camassia, Iris and more. Spring is also a great time to view other blossoming trees, shrubs and vines, such as Magnolia, Crabapple, Wisteria and Lilac.GET YOUR LAUGHS HERE -  There’s still time to catch the annual Park City Follies, “a lampoon of all things Park City,” at the Egyptian Theatre. The show continues from May 1st - 5th, with the local cast sharing their hilarity, wit, sarcasm and spoof, geared for the 17 and older crowd. Tickets sell out early, but you can try your luck for the last performances.KEEP ON SKIING HERE - If you just can’t get enough of spring skiing, head over to Snowbird Resort, which hosts the longest season in Utah. The slopes are open through May 12th, including Peruvian, Peruvian Tunnel, Little Cloud and Mineral Basin. Soak up the sun while cruising the corduroy trails, located less than an hour from Park City, then head over to the Plaza Deck for live music and après fun.KICK OFF SUMMER HERE - Memorial Day Weekend is the official start of summer in Park City, when visitors can enjoy a world of adventure in Park City Mountain Resort, including the Alpine Coaster and the Adventure Zone, while the Payday Express lift opens for early-season hiking and biking access. Check out the trail map for an update on conditions and open trails, or our recent guide to favorite local trails.  The picturesque, 18-hole, par-70 Canyons Golf Course also opens for the season on May 24th, capturing far-reaching mountain views. And of course the restaurants, shops, craft breweries and museums of Historic Main Street are open year-round, offering a little something for everyone. The Agency Agenda Park City: What to Do + Where to Go This May published first on https://real-estate-sg.weebly.com/

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The Agency Agenda Mexico: What to Do + Where to Go This May

Our picks of places to go and things to do to make the most of your month in Puerto Vallarta, Riviera Nayarit and Los Cabos.TEE OFF HERE - Punta Mita Golf Club will host its Aimpoint Green Reading Clinic May 2nd, offering golf aficionados a chance to enhance their green reading skills using the method Adam Scott and Justin Rose incorporate on the PGA Tour. The creator of Aimpoint, Mark Sweeney, will be sharing the secrets of the pros with clinic participants. Participants, who are offered accommodations at Four Seasons Resort Punta Mita or The St. Regis Punta Mita, will enjoy the three-hour clinic, 18 holes of golf, lunch and analysis with their stay.GAME, SET, MATCH HERE - The Puerto Vallarta Open continues through May 5th, as professional tennis makes its return to the area for the second year. The 2018 inaugural ATP Challenger Tour event earned Tournament of the Year honors. This year’s event is being held at Parque Parota, featuring singles and doubles matches and players from Mexico, the U.S. and all over the world.CATCH SOME WIND HERE - Bright sails will rise above the waters off the Pacific Coast for this year’s Riviera Nayarit Wind Festival, blowing in May 17th - 19th. Among the region’s best events of the year, the exhilarating competition draws the world’s top kite surfers to Bucerias, the Wind Capital of Riviera Nayarit. Three main events include a long distance race from La Cruz de Huanacaxtle to Bucerias, a freestyle competition and a big air contest. It’s an incredible spectacle to behold and worth the stroll up the beach from Nuevo Vallarta or drive from Puerto Vallarta.SPIN YOUR WHEELS HERE - The bicycle event of the year returns with more adrenaline than ever. In its third year, Down Puerto Vallarta 2019 is an urban downhill event featuring some of the world’s most daring and skilled bikers who take over the city’s downtown streets on May 18th and 19th. An event for the whole family, the race heads from the mountains to the sea, with riders showcasing their best tricks and maximum speeds with the ocean as their backdrop.OR HERE - Just up the coast, hundreds of cyclists will spin their wheels for this year’s Riviera Mountain Bike event hosted by Velo-Bike on May 25th. The ride will span from the beach at Litibú to the mountain at Higuera Blanca with cyclists 18 years and older welcome to join.EAT HERE - The culinary event of the year, Puerto Vallarta and Riviera Nayarit’s Restaurant Week, kicks off May 15th, running through June 10th. Participating restaurants will offer innovative, locally inspired three-course menus for diners to enjoy. The event, which is now in its 14th year, welcomes locals and gourmet foodies from all over the world, many who plan their vacation around the festival. For a full list of participating restaurants, click here.SAVOR HERE - If your travels bring you to the Los Cabos area, head to the GastroVino Baja Food & Wine Festival, held in Todos Santos from May 17th to 18th. Todos Santos, located on the Pacific Coast just north of Cabo San Lucas, is a melting pot of cultures and nationalities, surrounded by pristine beaches, abundant fishing and rich agricultural land. Hence, its vibrant and flavorful culinary scene. The three-day festival and charitable event recognizes the region’s inventive chefs and delicious Mexican wines.   GET YOUR CULTURE HERE - The San Jose del Cabo Art Walk, a popular weekly event that transforms the streets of San Jose into a festive street party and celebration of the arts, is nearly finished for the season. From November to June, the art walk is held every Thursday from 5pm - 9pm, drawing art lovers and tourists to the color-filled streets and main square to visit the historic town’s incredible art galleries, exhibitions and restaurants, many offering live music to go with the spirit of the evening The Agency Agenda Mexico: What to Do + Where to Go This May published first on https://real-estate-sg.weebly.com/

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Exploring South Florida’s Most Historic Hotspots

From a mysterious coral castle to expansive (and haunted) seaside estates, South Florida is home to countless historic hotspots worthy of visiting and photographic. Below is a look at some of The Agency’s favorite historic, must-see destinations.CORAL CASTLE - Legend has it, one man, Edward Leedskalnin, built the Coral Castle sculpture garden in Miami from 1923 to 1951. He claimed to have single-handedly and secretly carved more than 1,100 tons of coral rock to create one of the world’s most mysterious accomplishments without the conveniences of modern construction. He attributes his method to knowing “the secret of the pyramids,” a topic that garners much debate among scientists. Open daily, the Coral Castle Museum welcomes visitors from around the world who enter through a 9-ton gate that moves with a touch of a finger.DEERING ESTATE - Situated along the coast in South Dade, the Deering Estate preserves the 1920s-era estate of Charles Deering, Chicago industrialist, early preservationist, art collector and philanthropist. The cultural site is listed on the National Registery of Historic Places, housing Deering’s extensive art collection and hosting a variety of events, concerts, classes, bay cruises, and guided trail, kayak and canoe tours. But beware, the mansion has long-been rumored to be among Miami’s most haunted properties, even offering ghost tours, paranormal investigations and overnight experiences. (Don’t say we didn’t warn you.)VIZCAYA MUSEUM AND GARDENS - Vizcaya was the winter home of Charles Deering’s half brother James during the 1910s. Today, the national Historic Landmark and accredited museum showcases a fascinating history of the beautifully serene estate. Once described as “the finest private house ever built in America,” Vizcaya showcases the lavish waterfront villa, tranquil, European-inspired gardens and exquisite interiors filled with artistic treasures. Tour the villa, gardens and village to experience the incredible juxtaposition between nature and architecture.THE KAMPONG - Located on Biscayne Bay in Coconut Grove, The Kampong is the former estate of Dr. David Fairchild, a famed botanical explorer who traveled the world’s tropical regions collecting exotic plants. The gardens feature exotic fruits, numerous species of palms, cycads and flowering trees, with collections from Southeast Asia, Central and South America and the Caribbean. One of the highlights is the 80-year-old Baobab tree from Tanzania, weighing almost 50 tons. Enjoy a guided tour, then head over to the museum, which was once Fairchild’s study and laboratory.ERNEST HEMINGWAY HOME - Worth a drive down the coast to Old Town Key West, the Ernest Hemingway Home and Museum once served as the abode of one of America’s most celebrated authors, who lived and wrote here for more than a decade. It was here, Hemingway found a mix of peace and adventure, surrounded by the island’s turquoise waters. Visit the Spanish Colonial-style home, built in 1851, take in the extraordinary pool, the first in-ground pool in Key West, and wander the lush grounds, visiting with the more than 40 six-toed cats who famously live onsite. The cats are said to be the descendants of Hemingway’s own white six-toed cat, Snow White, gifted to him by a ship’s captain.FREEDOM TOWER - Built in 1925 to house The Miami News, the Freedom Tower is located at Miami Dade College and was modeled after the Giralda Cathedral Bell Tower in Seville, Spain. A designated National Historic Landmark, the iconic structure, once called the “Ellis Island of the South,” served as the U.S. government’s reception center for Cuban Refugees from 1961 to 1974. It remains an important part of Cuban-American culture and a symbol of the generosity of the American people. BILTMORE HOTEL - The Biltmore Hotel made its spectacular debut in 1926 as the centerpiece of George Merrick’s vision for Coral Gables, an elegant, stately community he called “The City Beautiful.” The hotel combined his love of Italian, Moorish and Spanish architecture and a deep affection for the lush South Florida landscape. The Biltmore interiors showcased hand-painted frescos, barrel-vaulted ceilings, brilliant travertine floors, fine marble columns and lavish gardens. After undergoing a $40 million, ten-year renovation in the 1990s, the hotel was restored to its world-class excellence. Today, The Biltmore is as elegant as the day it opened and a preeminent historic landmark. Exploring South Florida’s Most Historic Hotspots published first on https://real-estate-sg.weebly.com/

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Fractional Home Buying Makes A Splash in Mexico

  Mexico’s resort destinations boast some of the world’s most coveted homes and resorts, drawing visitors to their pristine ocean shores, blue-water bays, prime surf breaks and innovative cuisine. Aspiring buyers come from around the globe to put down roots and scoop up their own slice of paradise.One method of second-home buying, in which a property is purchased and owned collaboratively, continues to gain steam. We caught up with Joni Ross, one of our Los Cabos real estate experts, to learn more about the rhyme and reason behind fractional ownership—and whether it just might be your ticket to paraíso. What is fractional ownership? The simplest description of Fractional Real Estate Ownership is shared ownership of a deeded property, with usage rights based on time. The purchasers have a stake in an asset without having to pay for the entire property. Because each owner holds an equal part of the Title, the buyer owns partial equity in a valuable asset. As the value of the property appreciates so too, does the purchaser’s equity. Fractional Ownership has grown to become increasingly popular in recent years among people looking to enjoy the benefits of luxurious possessions with shared ownership. Generally, a management company takes care of service and amenities. A popular property for fractional ownership in Los Cabos is Villa La Estancia, a stunning beachfront resort in the heart of Medano Beach, represented by Giovanni Giammarco. The Agency Los Cabos currently represents 11 listings at Villa La Estancia Resort (4-5 of which are fractional ownership). Can U.S. or Canadian citizens buy real estate in Mexico?Yes, citizens from other countries are eligible to buy real estate in Mexico, but it must be done through renewable bank trusts known as fideicomisos. A ‘fideicomiso’ is a 50-year, perpetually renewable and transferable Bank Trust which allows foreigners to acquire irrevocable and absolute ownership rights to property in Mexico. This Trust is the legal equivalent of fee-simple ownership and is provided specifically for non-nationals, allowing them to own coastal and border property.What are the most common types of fractional ownership in Los Cabos?Fractional ownership properties in Los Cabos tend to be ocean-view homes or villas, many of which are part of private residence clubs offering upscale amenities that are shared with neighboring owners. These amenities often include tennis courts, fitness facilities, business centers and concierge services. The most common and best option is ¼ ownership (25), where four owners hold equal ownership percentage.Typically there are three seasons: Winter, Spring and Summer, and each quarter owner would receive one month (30 days) in each season in a rotation each year within a selective lottery process. Each year, each owner will receive a desired month guaranteed. There is also the possibility of trading time with other ¼ fractional owners.The Agency has offices in Mexico located in Los Cabos, Puerto Vallarta and Punta de Mita. All listings pictured are represented by Giovanni Giammarco of The Agency Los Cabos. View available Fractional homes on his agent page. Fractional Home Buying Makes A Splash in Mexico published first on https://real-estate-sg.weebly.com/

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Celebrate Summer with These Five Swoon-Worthy Rooftop Decks

As summer approaches, we’ve got al fresco dinners and starlit gatherings on the mind. From an iconic loft overlooking the L.A. lights to a stunning architectural oasis on the Victoria, B.C. waterfront, these six residences offer incredible rooftop decks primed for enjoying the outdoors from the comfort of home. 1707 GRANT AVE. | SAN FRANCISCO It isn’t often a single-family home comes available in the iconic and coveted Telegraph Hill neighborhood of San Francisco—especially one with such incredible views. Originally built in 1913, this reimagined, three-story residence, represented by Samantha Resnik and Michelle Long, showcases airy, open-concept interiors, abundant natural light and a rooftop terrace that will make you the envy of the neighborhood. Transitioning seamlessly from an incredible penthouse living room, the rooftop space is ideal for summer barbecues and intimate gatherings alike, with views encompassing Coit Tower, St. Peter and Paul Church, Salesforce Tower, the city lights of the San Francisco skyline and the Bay waters beyond. 849 S. BROADWAY |  DOWNTOWN L.A. Situated in the historic and world-renowned Eastern Columbia building in the heart of Downtown L.A., this gorgeous Art Deco building is home to one of the coolest lofts in the city, complete with concrete floors, an open chef’s kitchen, oversized windows and a balcony overlooking the DTLA skyline. Represented by Kevin Dees and Sebastian Spader, the building’s rooftop pool and pleasure deck is one of the most coveted summer hangouts in the city, complete with a spa and outdoor fireplace set against a backdrop of the iconic Eastern Columbia clock tower. 1851 CRESCENT ROAD | VICTORIA, B.C. Situated along Gonzalez Beach in Victoria, this oceanfront oasis, represented by Jason Binab and Sarah Binab, overlooks breathtaking views of the Strait of Georgia and Olympic Mountains throughout three levels of open-concept living space. Masterfully designed by Victoria’s premier architect Peter de Hoog, soaring ceilings, polished concrete surfaces and exposed wood details lend warmth and textural interest to the interiors. South-facing retractable doors foster a seamless connection to an infinity-edged pool and patio fireplace on the main level, while an expansive rooftop deck is primed for entertaining—all while keeping an eye on the vibrant ocean wildlife beyond.   1152 N. LA CIENEGA | WEST HOLLYWOOD Combining the appeal of New York loft-style living with Los Angeles indoor-outdoor entertaining, this sleek, two-bedroom penthouse in the heart of West Hollywood is one of only eight residences in a boutique building. Represented by Michael Druker and Daniel Stevenson, the loft boasts 15-foot ceilings, polished concrete floors, ample natural light and exceptional city views. An automatic, floor-to-ceiling roll-up door leads to a private terrace, while an in-unit elevator opens to an expansive, private roof deck with a barbecue, lounge areas and panoramic views from West Hollywood to Downtown. 2110 HERCULES DR. | LOS ANGELES Soaring atop the summit of Mount Olympus in the Hollywood Hills, this newly built, contemporary home, represented by Jon Grauman, showcases elegant finishes, exquisite craftsmanship, and extraordinary jetliner views from Downtown L.A. to the ocean. Among the home’s many highlights is a massive entertainer’s rooftop deck, complete with a magnificent, enclosed restaurant-caliber bar overlooking the infinity-edge pool below and jaw-dropping city-to-ocean views beyond. Whether you’re hosting an elaborate summer cocktail party or just looking for the perfect place to do some stargazing, this rooftop deck is the ticket. Celebrate Summer with These Five Swoon-Worthy Rooftop Decks published first on https://real-estate-sg.weebly.com/

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New Condo Sales In Vancouver Drop, But Buyer Incentives and Realtor Bonuses Rise

Greater Vancouver condo presale buyers still aren’t interested, even with more incentives. Numbers from MLA Canada, a real estate analytics and marketing firm, show Greater Vancouver condo presales fell in March. An accompanying decline in inventory helped to offset the drop in sales. However, it wasn’t quite enough to change the current trend. Sales of […]

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New Condo Sales In Vancouver Drop, But Buyer Incentives and Realtor Bonuses Rise published first on https://real-estate-sg.weebly.com/

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Toronto New Condo Sales Plummet, While Suburban Detached Homes Sales Rise

Greater Toronto new home sales climbed last month. Numbers from Altus Group show new home sales increased in March, attributed entirely to a rise in the 905. Don’t get too excited though. The only reason new home sales increased, was because the bar was set so low last year. Last month was still the second […]

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Toronto New Condo Sales Plummet, While Suburban Detached Homes Sales Rise published first on https://real-estate-sg.weebly.com/

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What Would Make You Sell Your House?

There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving.

The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53). Relocating for a job was the top reason for those ages 54 to 63 and the second most popular response for those under 53. The chart below shows the breakdown for these two reasons.

For homeowners over the age of 64, wanting to be closer to friends and family served as the top motivator to move. Downsizing to a smaller home or moving due to retirement came in as a close second and third.

Have you outgrown your current house? Are you a homeowner who can relate to wanting to be closer to family and friends? Is your house becoming a burden to clean now that the kids have moved out?

Bottom Line

Contact a local real estate professional who can help set you on the path to selling your current house and finding the home that fits your needs, today!

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Canadian Mortgage Debt Prints Slowest Growth For The Month Since 1983

Canadian mortgage debt printed a record high, but is still growing much slower than usual. Bank of Canada (BoC) numbers show the balance of mortgage debt printed a record high in March. The record debt came with the slowest pace of growth for March since 1983. Canadian Mortgage Debt Now Over $1.55 Trillion The balance […]

The post Canadian Mortgage Debt Prints Slowest Growth For The Month Since 1983 appeared first on Better Dwelling.

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