Q3 Real Estate Trends Report
The Q3 Real Estate Trends Report provides an informative overview of the real estate market in Canada, Ontario during the third quarter of the year. This report highlights various outside factors that have impacted the industry during this period, such as the housing market and the resulting economic uncertainty. As a result, the report shows that investors and renters have been impacted significantly.
2023 - Ontario
64,991
Our daily duties include the management and execution of construction projects of various sizes.
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$14,426,000
We have bought, sold, refinanced and leased a substantial volume of properties and only continue to expand.
Worth of property saved
1,938+
… this is probably an understatement.
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Meet the team
From business partners to husband and wife team, we’ve got all the bases covered.
Both being Hamilton locals, we have a deep-rooted love and admiration for being part of our generation’s renaissance and contributing towards the gentrification of towns all across North America. We have a sincere passion for real estate investing and an even greater desire to help other people feel what financial freedom can do for them and their families.
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Real estate investors are referring to 2023 as the “hangover” year. The Bank of Canada has raised its benchmark interest rate seven times to tackle inflation impacting investors' monthly revenue and purchasing ability.
Rental prices have seen record-high increases during the first quarter of 2023. Meanwhile, Southern cities such as St. Catherines & Hamilton continue to offer affordable pricing.
Buyers are expected to emerge back into the housing market. After waiting on the sidelines for added certainty around mortgage payments and property value, 72% of our circle is looking to invest in multi-family properties.
Key Insights
Regions Overview
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Central - Oakville-Milton, Greater Toronto
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Eastern - Cornwall, Kingston and Area, Ottawa, Renfrew County, Rideau-St. Lawrence
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Northeastern - Bancroft & District, Barrie & District, Kawartha Lakes, Lakelands, Northumberland Hills, Peterborough and the Kawarthas, Quinte & District
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Northern - North Bay, Saul Ste. Marie, Sudbury, Thunder Bay, Timmins, Cochrane & Timiskaming Districts
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Southern - Brantford Region, Cambridge, Guelph & District, Hamilton-Burlington, Kitchener-Waterloo, Niagara Region, Simcoe
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Western - Chatham-Kent, Grey Bruce Owen Sound, Huron Perth, London & St. Thomas, Sarnia-Lambton, Tillsonburg District, Windsor-Essex, Woodstock-Ingersoll
Real Estate Trends Report
About the Report
Pal Property Solutions conducted research in October, 2023. During this time, the company also heard back from its inner circle of investors to achieve further information on future behaviour.
The research was obtained from top publications such as The Canadian Real Estate Association (CREA), RAHB, Financial Post, and CBC News. Meanwhile, the "inner circle" included over 20 investors with ages variating between 30 and 55. Respondents were asked questions about their investment behaviours since the beginning of 2023, and investment plans for the rest of the year.
About the Report
Pal Property Solutions is a real estate investment firm that specializes in Joint Venture Partnerships and private lending in Ontario and Ohio. We are a team of experienced professionals who are dedicated to providing our clients with exceptional investment opportunities and personalized services.
Our firm is also specialized in the BRRRR strategy, which allows us to maximize returns for our investors while minimizing risks. With a portfolio worth over $22M, Pal Property Solutions has a proven track record of success in the real estate industry. We are committed to helping our clients achieve their financial goals through strategic investments and sound advice.
About Pal Property Solutions
Using the Data
We invite you to explore Pal Property Solution’s Q3 2023 Real Estate Trends Report and to share, reference, and publish the findings with attribution to “Pal Property Solutions” and a link to this page. For more information, specific data requests or media assets, or to reach the report’s authors, please contact us at info@palpropertysolutions.com.