David Kurt is back on the mic this week to discuss the elephant in the room...the RBC report and the Bank of Canada's 'historic correction'. Tune in to listen to the full breakdown of this week's market activity/forecast on where the market will go from here! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury, Ontario. Please, hit the subscribe button to keep up to date with new episodes. Or, connect with David directly:

📧 david@lakecityrealty.ca

📲 705-677-5272

David Kurt is back on the mic this week to discuss everything from average Sudbury house prices this week to recessions and what this could mean for Canada and the US. Tune in to listen to the full breakdown of this week's market activity/forecast on where the market will go from here! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury, Ontario. Please, hit the subscribe button to keep up to date with new episodes. Or, connect with David directly:

📧 david@lakecityrealty.ca

📲 705-677-5272

This week on The Sudbury Real Estate Podcast, David Kurt is catching up on the real estate market after his two-week vacation out East! Take a listen as he goes over interest rate increases and some Lake City agents' takeaways on the market this week. Tune in to listen to the full breakdown of this week's market activity/forecast on where the market will go from here! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury, Ontario. Please, hit the subscribe button to keep up to date with new episodes. Or, connect with David directly:

📧 david@lakecityrealty.ca

📲 705-677-5272

Hey Sudbury! 👋

I hope you’ve had an amazing week since we last checked in. I found myself solo-parenting in the last 7 days as my superstar wife was with a friend doing the La Cloche hike in Killarney. The 100k loop of mountain climbing/bushwhacking that her and a friend tackled; while I was on the home front trying to maintain my sanity with the 3 boys. The boys got up to fishing, saunas, slip-and-slides and some of our best home-made pizzas.

On a national level it is another week of rate hikes. We still have a few weeks before the Bank of Canada meets again, but our best foreshadowing what happens in Canada follows what happens to our friends South of the Border; and it was a .75% increase this week. That’s the first time since 1994 that the US Fed have acted that aggressively with interest rates. From what I hear, it’s an 80% chance that Canada follows suit with a similar rate increase; which would push up the variable rate and any home-equity line of credits as well. You may be wondering, what about the fixed rate? Well this has been quite the week for those too! With the continued increases in the bond market; the 5-year fixed rate has topped 5% for the first time since I’ve been in real estate (15 years at least). Across the board we are seeing the cost of money rising. This is all in an effort to dampen the inflation in the current marketplace; something that just doesn’t seem to slow down. People have money and they are happy to spend it, which in turn increases prices on everything from groceries to cars; trips and renovations.

Back to Real Estate in our local market though. The sales dropped slightly week-over week but the number of ‘pending/conditional’ deals jumped considerably. With lots of the deals that are being accepted having financing or home inspection condition; that’s understandable. The other number that jumps out to me is the total listings dropped pretty sharply from 212 last week to 205 this week.

Take a peak at our real estate stats from the last few weeks!

Sales 💰
This Week > 54
Last Week > 50

Pending Deals 🤝
This Week > 20
Last Week > 17

Multiple Offers 👊
This Week > 43
Last Week > 43

New Listings 🏡
This Week > 88
Last Week > 82  

Total Listings 📍
This Week > 237
Last Week > 205

Tune in to listen to the full episode where I break down my 5 biggest takeaways on the market in Sudbury for the week! 🎧  

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly: 📧david@lakecityrealty.ca 📲705-677-5272

Hey Sudbury!🙌

I always get charged up for an election night.  I still remember the first time my mom brought me with her to vote, and I do my best to involve and explain what was happening with my 3 kids at home.  We have been driving around looking for what ‘team’ signs they see in people's yards for the last few weeks, and it wasn’t surprising to see that the ‘orange team’ was winning, both in Nickel Belt and in Sudbury proper.  It takes guts, hard work and a desire to see your community be better to put your name on the ballot, so I give full props to everyone who was running in this election. Congrats to Jamie West and France Gelinas for the wins last night.  Starting at 9 PM I had my local coverage tuned into watch the polls start rolling in and I was shocked to see how quickly they were able to call a Ford Majority government (I believe my watch had it at 9:19 PM). The other takeaway from last night's politics was the low % of voter turnout which came in at just 33%.  Clearly, Ontario-ins are feeling political fatigue, or feel like they couldn’t make a difference with their ballot (still no excuse not to vote in my opinion).  Both defeated party leaders stepped down last night after the results of the election.  I guess the Liberal leader Steven Del Duca after losing his riding for the second straight election realized that he isn’t inspiring the turnout in the Liberals that they need.  I was more surprised by Andrea Horwath from the NDP’s stepping down after 13 years as the head of the NDP’s on the provincial level.  The ‘Orange Team’ (as my kids would call them) have made some serious gains under her leadership, but just failed to break through to the next level, and after the most recent PC Majority I think she sees that the party needs new leadership and a fresh face to try to get them there.

Back to Real Estate and the economy around it though.  We had the Bank of Canada increase the overnight rate again this week by another .5% a move that wasn’t unexpected but one that should have some continued cooling off of the entire economy.  The scariest part of the raises is that it doesn’t have seemed to slow consumer spending yet, the money consumers were used to living on and the lifestyles they grew comfortable with over COVID years most likely have been continued through credit cards and Lines of Credit which is a path that could put us into a consumer credit bubble.  I’m not an economist, so don’t rely on my insights on the slippery slope we find ourselves on. It's something I’ve been doing a ton of reading on and giving thought to what that would look like and how it would affect the housing market locally.

Take a peak at our real estate stats from the last two weeks!

Sales 💰
This Week > 57
Last Week > 45

Pending Deals 🤝
This Week > 8
Last Week > 11

Multiple Offers 👊
This Week > 45
Last Week > 35

New Listings 🏡
This Week > 83
Last Week > 69

Total Listings 📍
This Week > 212
Last Week > 181

Tune in to listen to the full episode where I break down my 5 biggest takeaways on the market in Sudbury for the week! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272

Hey Sudbury!🙌

Sorry to take last week off, I was so excited to be going down to Toronto to see the Raptors play a big game 6 in front of their home crowd, a game that didn’t have the exciting end that I would have hoped for.  With the Raptors being eliminated it looks like we can turn our collective cheers to the Leafs as we hope to break through the first round of the playoffs, which would be the first in a long time!  🏀🏒

On a national level it's been a roller coaster week for the markets. With the Fed’s move to bump interest rates by .5% in the US it actually took a lot of the uncertainty out of the markets and had the stock markets reacted extremely positively pushing the markets to massive increases.  That was followed one day later by the markets giving back all of the gains on Thursday.  It feels like in these crazy times truly no one knows what is happening, we know the cost of money will continue to rise (in US and in Canada), it looks like we are far from the end of the global unrest, and it cost me almost $200 to pump my tank at the gas station this week.  Uncertainty is the best way to sum up what everyone is feeling. ⛽

On the local side of real estate, it was an interesting week! We saw a large bump in # of sales but an even larger bump in # of listings. This was the most listings we have seen since May of 2021 (almost exactly one year ago). This has caused the total listings to skyrocket to almost 150 listings, a number we haven’t seen in 32 weeks!📈

Take a peak at our real estate stats from the last two weeks!

Sales 💰
This Week > 59
Last Week > 43

Pending Deals 🤝
This Week > 15
Last Week > 8

Multiple Offers 👊
This Week > 57
Last Week > 42

New Listings 🏡
This Week > 78
Last Week > 67

Total Listings 📍
This Week > 143
Last Week > 112

Tune in to listen to the full episode! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272

Hey Sudbury! 

It’s been quite a week. We had all of our kids snow pants and mitts and hats put away, waking up to the blizzard on Tuesday morning it felt like a rude awakening! I don’t know how the Easter Bunny would have faired if that snow came a few days earlier!

On a national level the Bank of Canada’s interest rate increases continue to have some pretty significant impact on slowing down the # of sales, pretty significantly in Southern Ontario where a lot of Realtors I’m chatting with feel like someone turned a tap off.  I saw one chart that had showings booked on listings in the entire city of Mississauga, a number that trends around 35,000 showings/week (they really love real estate down South), had showings drop to 7K showings/week in the last week. That was fewer than over the Christmas break! We also had some additional regulation come out to the act that regulates Realtors (previously REBBA now TRESSA) it looks like in April 2022 sellers will have the choice to run an auction (getting permission to disclose the contents of a buyers offer to all other buyers).  It’s interesting in a marketplace that has a line up of buyers waiting to bid, but in a marketplace that has homes sell in weeks and not days I wonder, if it will be as useful.

On a local side of real estate side of things, it was an interesting week, the market is showing a lot of strength and we had an uptick in the % of multiple offers this week. The big number to watch is the growing gap between # of new listings and # of sales.

Take a peak at our real estate stats from the last two weeks!

Sales 💰
This Week > 43
Last Week > 53

Pending Deals 🤝
This Week > 9
Last Week > 9

Multiple Offers 👊
This Week > 41
Last Week > 45

New Listings 🏡
This Week > 63
Last Week > 59

Total Listings 📍
This Week > 110
Last Week > 103

Tune in to listen to the full episode! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272

Hey Sudbury, we are in the heart of ‘April Showers bring May Flower’ season, and I hope you are staying dry. With Easter weekend upon us I hope you are able to spend some time with your family and be spoiled from the easter bunny who should be hopping by your homes.

The Bank of Canada finally made the splash that I’ve been predicting they would make for the last few weeks. Interest rate on the Bank of Canada lending rate doubled on Wednesday going from .5% to 1%. This is the biggest increase in 22 years, and the first time the rate has ever doubled (seeing as rates were hovering around historic lows this is understandable).

On a local side of real estate side of things, it was an interesting week; the market is still strong; but we are seeing a lot fewer investors, which impacts that 300-550k price point marketplace. The number of listings that see their offer date come and go without a serious buyer seem to be at an all time high!

Sales 💰
This Week > 53
Last Week > 48

Pending Deals 🤝
This Week > 9
Last Week > 7

Multiple Offers 👊
This Week > 45
Last Week > 46

New Listings 🏡
This Week > 59
Last Week > 63

Total Listings 📍
This Week > 103
Last Week > 110

Tune in to listen to the full episode! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272

Are you enjoying what I hope is the last dusting of snow we are going to see for 2022? I know I’ve been barraged with snowballs any chance my kids get with how perfect this spring snowfall has been for snowman building and more importantly snowball making. This latest blanket of winter covering makes us realize that the spring market may not be officially here yet, at least from the perspective of buyers jumping on deals. ⛄️

It has been a truly interesting week, one that sees global crisis continue between Ukraine and Russia. A week that saw nickel future prices on the London Metal Exchange, top the 100k mark, tripling in value in a few short days. With just one ‘influential’ Chinese investor with enough power to shut down the entire future exchange. Within our borders, it was also politically a significant last few days. We have a coalition government between the liberals and the NDP, one that is forcing party members to vote along party lines until 2025. This coalition government was struck on a few principals, universal dental care being one of the bigger ones, but one that will have the most impact in my world will be the housing changes being implemented on a federal level. As one of my favourite bloggers (Garth Turner) put it “The LNDPers have vowed to “tackle the financialization of the housing market by 2023,”.  On one side, the NDP especially wants to see anyone who wants to own a house have the ability to do so, I’m sure they will introduce incentives to aid getting first time buyers into the market and we will see a surge of first time buyers jumping into real estate. On the down side they want to stand up for the ‘commodiation or financialization of the housing market. They will do this by looking to increase downpayment for investment real estate (currently at 20% down with talk of the new govenerment aiming for 35%). This will make it more difficult to use existing equity in the form of Home Equity Line of Credits (HELOC’s) to dump back into down payments. All the while creating a “Housing Bill of Rights”. Still a lot of uncertainty about what the new Lib-NDP’ers will actually do, but the power is clearly in their hands to shape the next few years of Canadian Real Estate. 🏡

On a local side of real estate, we are seeing inventory continue its rise, from a low of 48 homes available 2 months ago to a current volume of 115 available homes on realtor.ca. The majority of sales are still happening in multiple offers, (95%+) but we are seeing bigger gaps between # of sales and # of new listings every week. 📈

Sales 💰
This Week > 44
Last Week > 47

Pending Deals 🤝
This Week > 11
Last Week > 8

Multiple Offers 👊
This Week > 44
Last Week > 42

New Listings 🏡
This Week > 64
Last Week > 63

Total Listings 📍
This Week > 104
Last Week > 115

Tune in to listen to the full episode! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272

Hey Sudbury, I feel like I keep apologizing for a hiatus and this week is no exception. We had our first out of town hockey tournament with our oldest, and we brought the entire family to the Sault for a truly incredible time. I think it's a right of passage for kids to play mini-sticks in the hallways of a hotel, and have absolute chaos going down in the pool and hot tub while the parents look on with adult-pop’s in their Yeti mugs. This was no exception, it was a truly amazing time and so fun to get away with the family.

On the real estate side of things it’s been a truly interesting last 2 weeks. Probably the most interesting time we have seen in a long while. With Ukraine being attacked, interest rates rising and local buyers feeling fatigue like they haven’t experienced in a long while, its making for some interesting developments in the local marketplace.

Sales 💰
This Week > 46
Last Week > 40

Pending Deals 🤝
This Week > 13
Last Week > 10

Multiple Offers 👊
This Week > 44
Last Week > 37

New Listings 🏡
This Week > 63
Last Week > 62

Total Listings 📍
This Week > 96
Last Week > 94

Tune in to listen to the full episode! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272

This week on The Sudbury Real Estate Podcast, David Kurt is on the mic to review Sudbury's real estate market trends and activity. Tune in to listen to the full breakdown of this week's market activity/ forecast on where the market will go from here! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272

This week on The Sudbury Real Estate Podcast, David Kurt is on the mic to review Sudbury's real estate market trends and activity. Tune in to listen to the full breakdown of this week's market activity/ forecast on where the market will go from here! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272

This week on The Sudbury Real Estate Podcast, David Kurt is checking in from his house after a long week of self isolating. Despite the market feeling like there is no homes available...New listings outpaced Sales again this week. Here are the numbers:

Sales 💰
This Week > 23
Last Week > 28

Pending Deals 🤝
This Week > 12
Last Week > 9

Multiple Offers 👊
This Week > 21
Last Week > 24

New Listings 🏡
This Week > 31
Last Week >36

Total Listings 📍
This Week > 55
Last Week > 69

Tune in to listen to the full breakdown of this week's market activity/ forecast on where the market will go from here! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272

David Kurt is joined with special guest, Vince Mirabelli, a Real Estate Broker in Thunder Bay!⁣ Vince is 𝘵𝘩𝘦 realtor to look up to when it comes to giving back. He truly is the guru of real estate fundraising in Canada! 🇨🇦⁣ He is known for his radiant nature and drive to make an impact in the communities that surround him and has successfully woven himself into the fabric of Thunder Bay!⁣

In this episode, Vince chats about...
🚀Life experiences that sparked his journey organizing a fundraising event which later snowballed into his involvement with more charities⁣
🚀How to align yourself with charities that move you
🚀Defining his community building 𝘸𝘩𝘺 statement and how this has naturally translated into referrals (offline, and in online groups)⁣
🚀Staying motivated and finding a healthy work-life balance⁣
🚀What will 2022 bring - personal, passion projects, charities, business and real estate?⁣

Tune in to listen to the full episode! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272

This week on The Sudbury Real Estate Podcast, David reviews the stats: number of sales, pending deals, multiple offers, new listings and total listings. 

Sales 💰
This Week > 29
Last Week > 28

Pending Deals 🤝
This Week > 5
Last Week > 9

Multiple Offers 👊
This Week > 25
Last Week > 24

New Listings 🏡
This Week > 31
Last Week >34

Total Listings 📍
This Week > 65
Last Week > 69

After chatting with agents in other markets as well as with internal agents on our team, it seems that there is some serious pent up demand playing into some massive increases. Buyers are willing to pay premiums for properties. Another big takeaway Dave touches on this week is the change in conversations that agents are having with first time home buyers. The idea of saving up for the right home might be a strategy of the past - at least that is the case in Southern Ontario. The conversations now are pushing buyers to buy the best they can afford...just to get them into the market. That way, in a few years from now when they are ready to upgrade, they can be more picky and will have some equity built up.

As always, Dave ends this episode with the question..."Where does the market go from here?". Will we see the death of the first time home buyer in Sudbury Ontario?
Tune in to listen to the full episode! 🎧

If this podcast has brought any value to you, we would love to be your real estate resource of choice here in Sudbury Ontario. Please, hit the subscribe button to keep up to date with new episodes. We release a Friday Market Wrap up episode every week! Or, connect with David directly:
📧david@lakecityrealty.ca
📲705-677-5272

🥶 BRRRRR. We have a cold few days ahead of us here in Sudbury Ontario! This week, Dave looks at how this years numbers stack up to last years numbers. The number of sales and listings was almost right on par. The big difference was in the total of New Listings. Take a look!
January 8th - 14th 2021
Sales: 29
Pending Deals: 9
Multiple Offers: 12
New Listings: 31
Total Listings: 122

January 7th - 13th 2022
Sales: 29
Pending Deals: 5
Multiple Offers: 25
New Listings: 34
Total Listings: 65

Dave also reflects on how the business of real estate has changed with emerging technologies and how we are constantly challenged to embrace change in our approach to building relationships with clients.

As for where Sudbury's market will go from here, dave points to Chuck Charlton's (An amazing realtor out of Milton) Global House Price Index. Chart. Housing prices around the world have been rising at levels we have never seen. There has been a massive increase in property values in Canada and we have only ranked 10th place nationally. Despite our growth, there is a lot of room for continued growth.

Tune in to listen to the full episode! 🎧

Do you want to keep up with Sudbury's Real Estate Market, trends and transactions? Hit that follow button so that you can be the most educated buyer, seller or investor possible! 🏡


Connect with Dave:
📧david@lakecityrealty.ca
📲705-677-5272

Welcome to 2022!🎉

After a few weeks off with the family, David is back on the mic to give you the breakdown of Sudbury's Real Estate market activity! It was slow over the holidays, which is to be expected. The last week of December we actually dropped down to under 50 listings total in the residential Sudbury market. Buyers and sellers were still equal over the break with 10 sales and 11 new listings, typically people shopping and listing at this time are extremely motivated. Showings will be down significantly, but the buyers and sellers who are active at this time aren’t kicking tires.

Starting out 2022 we see listings outpacing sales by 3:1. This isn’t surprising as the buyers are still in holiday mode until about mid-January, while the sellers hitting the market this week is the pent up demand that would have typically listed last week but held off because of Christmas and New Years.

If you didn't get a chance to tune into our predictions podcast with Tristan and I from a few weeks ago go back and take a listen! Its one of my favourite episodes we do every year. One of my predictions that didn’t make the cut is for the area in Sudbury that I think will see the biggest $ growth in 2022. Reflecting on the last 12 months I put together a chart of the average sale price broken down by area and the % increase.

New Sudbury
2020 Avg. Price > $367,000
2021 Avg. Price > $404,000
Percentage Increase > 110%

Minnow Lake
2020 Avg. Price > $335,000
Avg. Price > $378,000
Percentage Increase > 113%

West End
2020 Avg. Price > $292,000
Avg. Price > $348,000
Percentage Increase > 119%

Hospital Area
2020 Avg. Price > $335,000
Avg. Price > $399,000  
Percentage Increase > 119%

South End
2020 Avg. Price > $507,000
Avg. Price > $602,000  
Percentage Increase > 119%

Broader (Long Lake/ Estaire)
2020 Avg. Price > $412,000
Avg. Price > $544,000  
Percentage Increase > 132%

Copper Cliff
2020 Avg. Price > $238,000
Avg. Price > $312,000  
Percentage Increase > 131%

Valley
2020 Avg. Price > $317,000
Avg. Price > $402,000  
Percentage Increase > 127%

Rayside
2020 Avg. Price > $324,000
Avg. Price > $391,000

Walden
2020 Avg. Price > $311,000
Avg. Price > $410,000  
Percentage Increase > 132%

Nickle Centre
2020 Avg. Price > $302,000
Avg. Price > $373,000  
Percentage Increase > 124%

Greater Sudbury
2020 Avg. Price > $333,000
Avg. Price > $399,000  
Percentage Increase > 120%

Do you want to keep up with Sudbury's Real Estate Market, trends and transactions? Hit that follow button so that you can be the most educated buyer, seller or investor possible! 🏡

📧david@lakecityrealty.ca
📲705-677-5272

This week David and Tristan sit down together to share their three big BOLD predictions for Sudbury's 2022 real estate market.

Dave’s Predictions:
💰1. Sudbury will see 100 million dollar home sales in 2022
🗺2. Sudbury population will increase to 200,000
📈3. Capital Gains Inclusion rate will go to 75% by the end of 2022. We will also see an increase in the bank of Canada rate. Overnight lending rate is .25%. I think we are going to see a full 1% jump in 2022.

Tristan’s Predictions:
🏘1. Grow to Avg. Sale Price of $480,000 in Sudbury
🗺2. Sudbury population will increase to 200,000
🌇3. Condo market in Sudbury will level up + we will start to see big developers come to Sudbury.

So, what do you think? Are you on board with any of these big bold predictions?? Tune in for the extra bonus prediction! 😉

Get in touch with us!

David Kurt - Broker of Record
Email: david@lakecityrealty.ca
Phone: 705-677-5272
Instagram | Youtube | Facebook

Tristan Ritchie - Team Leader Ritchie Natale Group
Email: tristan@lakecityrealty.ca
Phone: 705-920-6109
Instagram | Facebook | Youtube

If you have a question or topic you'd like to hear us discuss send us an email at:
lindsay@lakecityrealty.ca or leave us a comment below!

This week David and Tristan sit down together to revisit their three big BOLD predictions from this time last year! 👀

Dave’s Predictions:
💰1. Sudbury will see an Avg. Sale Price of $400,000 by the end of 2021
🌇2. We will start to see a condo market in Sudbury
📍3. Gen Z (ages 8-23) – Work/Life Balance will be the next push to make Sudbury an
Attractive place to relocate to. Gen Z Buyers will make a big impression over the next decade and will play a big role in increasing house prices and increasing the footprint on Sudbury.

Tristan’s Predictions:
💰1. Grow to Avg. Sale Price of $380,000 in Sudbury
📆2. Avg. Days on Market will be a Lot lower (40 days on market)
🏀3. Los Angeles Lakers will win the Playoffs Again + Sudbury will see way more buyers, way more sales, way more Listings due to the Huge amounts of equity in homes and lower interest rates. (4000ish Listings & 2700 sales +)

So, what do you think? Did we see any of the predictions play out this year? Tune in to find out!

Get in touch with us!

David Kurt - Broker of Record
Email: david@lakecityrealty.ca
Phone: 705-677-5272
Instagram | Youtube | Facebook

Tristan Ritchie - Team Leader Ritchie Natale Group
Email: tristan@lakecityrealty.ca
Phone: 705-920-6109
Instagram | Facebook | Youtube

If you have a question or topic you'd like to hear us discuss send us an email at:
lindsay@lakecityrealty.ca or leave us a comment below!

On a real estate front we are ticking down the time to Christmas. The market is basically in a lul between early December until early Janaury, and we saw that play out in the numbers this week. On a national level the Bank of Canada held off with the December rate increase, keeping the benchmark rate (which controls variable interest rates) unchanged. Although the writing is on the wall that there is some significant increases coming in 2022.

On a local real estate front, the market has continued that bit of a slowdown as buyers shift their mind to the Christmas season. We had a small drop in Sales this week as well as a sizeable drop in new listings - keeping the sales and listings almost equal! Want the full breakdown of this week's market trends, transaction and activity? Tune in! 🎧

Hit that follow button to keep up to date and don't hesitate to reach out for real estate advice! I am happy to go over buyer or listing strategies that fit your unique situation and position you for success in terms of your real estate goals! 🏡

📧david@lakecityrealty.ca
📲705-677-5272
www.lakecityrealty.ca
https://www.instagram.com/david_kurt/
https://www.facebook.com/davidkurtrealtor

As we transition to the winter market, it seems like there are more offers than ever before on some of the places that were holding offer nights. 10+ offers seems to be the norm on a lot of these properties, which means that there are a ton of buyers who are out there competing trying to get something without any luck.  Odds are they are buyers who will continue to be motivated and be looking to jump on something in the next few weeks keep an eye on that as a possible trend. The market was equal between sales and new listings...and this is the first time i’ve seen that in almost 2 years of tracking activity. Want the full breakdown of this week's market trends, transaction and activity? Tune in!

Hit that follow button to keep up to date and don't hesitate to reach out for real estate advice! I am happy to go over buyer or listing strategies that fit your unique situation and position you for success in terms of your real estate goals!

📧david@lakecityrealty.ca
📲705-677-5272
www.lakecityrealty.ca
https://www.instagram.com/david_kurt/
https://www.facebook.com/davidkurtrealtor

Sudbury's Real Estate Market continues to be very active! We continue to see the trend playing out where there are fewer sales than new listings and despite that, we see total listings, which is already at historic low’s -  drop even further. 🏡⬇️

With December just around the corner, Sudbury may be seeing a winter market unlike one we have seen in the last few years. If you are a motivated buyer who is trying to jump into a home, you could be finding yourself in a market that is going to be more active than past winter markets.❄️

Want the full breakdown of this week's trends and transactions and classical digital age - real estate showing mishap? Tune in! 🎧

The mission behind this podcast is to bring you as much value as possible, so that you can be the most educated buyer, seller or investor in Sudbury's real estate market. Please hit that follow button to keep up to date and don't hesitate to reach out for real estate advice! I am happy to go over buyer or listing strategies that fit your unique situation and position you for success in terms of your real estate goals!

📧david@lakecityrealty.ca
📲705-677-5272
www.lakecityrealty.ca
https://www.instagram.com/david_kurt/
https://www.facebook.com/davidkurtrealtor

Hello Sudbury! On a real estate front this week, we are seeing the fixed rate increase pretty significantly this week. The federal government has pulled back from their bond buying, which has kept interest rates artificially low. When the Bank of Canada starts their meetings in 2022 I’m almost positive we’ll see some continued bumps in the variable rates as well. The question is, can some rate increases in both the fixed and variable rate, be enough to slow down the real estate marketplace? Only time will tell. ⏳📈

Tune in for the full breakdown on this week's market activity!

Hit that follow button to keep up to date with Sudbury's Real Estate Market, trends and transactions - so that you can be the most educated buyer, seller or investor! 🏡

Sudbury's Real Estate Market saw a complete 180 from last week's stats!🔍 We saw a huge spike in Listings vs. Sold and the multi-family marketplace was flooded with listings that it's been starving for. As we approach the winter market I fully expected to see a few strong weeks of sales before the winter comes. Tune in for the full breakdown on this week's market activity!

Hit that follow button to keep up to date with Sudbury's Real Estate Market, trends and transactions - so that you can be the most educated buyer, seller or investor! 🏡

After lots of brainstorming, goal setting and rebranding of our Podcast, Selling the Rock...we are excited to officially welcome you to The Sudbury Real Estate Podcast, hosted by yours truly, David Kurt. 🎙 Moving forward, hit that follow button to keep up to date with Sudbury's Real Estate Market, trends and transactions - so that you can be the most educated buyer, seller or investor!

This week, on the real estate front we had a huge spike in sales while listings plummeted! What does this mean for buyers and sellers... and where will the market go from here? Tune in and find out!

Lake City Media Productions
Lake City Realty Ltd., Brokerage
David Kurt | Broker of Record

If you have any real estate questions, please please please email me at: david@lakecityrealty.ca 📧