Buying a home for the first time is an exciting experience. While the process can be stressful at times, there are ways to limit unnecessary anxiety, and one of the most significant ways is to get pre-approved for a mortgage before you begin your house-hunting adventure. To put it simply, being pre-approved for a [...]
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Something interesting happened during the coronavirus pandemic. Many Canadian housing markets are reporting an average sales price of more than $1 million, even if the homes themselves do not look like something you’d typically expect in the luxury home market. Is it time to update the term “luxury real estate”? Perhaps. But the trend [...]
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In early April, the Canadian government is set to reveal the 2022 federal budget, with government sources telling reporters that it will be a “back to basics” document. In other words, it is a post-pandemic budget that addresses the broad array of fresh economic challenges on the other side of the public health crisis [...]
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Over the last few years, investors have played a significant role in the housing boom that has taken place in the Canadian real estate market, especially in the major markets such as Toronto and Vancouver. Late last year, there was a lot of buzz when it was reported that more than one-quarter of the [...]
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The Winnipeg real estate market has hopped on the pandemic-era housing boom bandwagon. And while growth has been notable, it has not triggered an affordability crisis in this major urban centre. Many young families and professionals have been migrating within Canada, with hopes of purchasing residential property at a budget-friendly price. Winnipeg and other [...]
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A home renovation can be pretty exciting, especially if you’re finally in a position to make long-awaited changes. If you have pets, a home renovation is an excellent opportunity to make life easier for both you and them, with a few extra additions. Taking your pets’ habits, age and patterns into account as you [...]
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For the first time in decades, the Maritime provinces are booming in every key performance indicator. While the coronavirus pandemic lockdowns and restrictions were a hit to the economy, Atlantic Canada benefited from changing consumer patterns that led to a significant population boom. With more people working remotely and young families seeing an opportunity [...]
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With more and more Canadians working from home, there has never been as much flexibility to live wherever you want. No longer shackled to a desk in a big (and expensive) city, millennials are moving to a small town in search of greater housing affordability. Every decision has its pros and cons. Here are [...]
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Just when you thought the price of Canadian real estate couldn’t get any higher, the latest data show the market continues to defy expectations – and gravity. Industry experts see no end to rising prices, in the face of growing demand and the ongoing housing supply shortage. Many young Canadians have been priced out, [...]
The post Canadian Real Estate Prices Hit a New High in February appeared first on RE/MAX Canada.
Are laneway suites in Toronto a solution to the housing affordability crisis? From the length of time it takes to save a down payment, to the housing supply shortage driving up prices, many prospective homebuyers are being priced out of North America’s fourth-largest city. In recent years, many public policymakers, industry professionals and community [...]
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