The condominium market is on fire, especially in the major urban centres in the Canadian real estate market. After a deep decline in the first year of the coronavirus pandemic, driven by evolving consumer trends, the condo market has enjoyed an exceptional turnaround. Some housing market analysts think that 2022 could even be a [...]
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The Bank of Canada (BoC) has said it will be use its monetary policy to tamp down inflation, which currently sits at a 30-year high, joining the chorus of central banks worldwide trying to grapple with the rapidly escalating cost of living. So far this year, the BoC has already moved forward with rising [...]
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Over the last couple of years, blind bidding has become one of the more controversial practices emanating from the Canadian real estate market. This is a practice where homebuyers bid on a residential property listing without knowing what the competing offers are. While it is most common in the major urban centres, blind bidding [...]
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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 [...]
The post 5 Reasons Why You Should Get Pre-Approved for a Mortgage appeared first on RE/MAX Canada.
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 [...]
The post Canada’s Luxury Home Market is Skyrocketing! appeared first on RE/MAX Canada.
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 [...]
The post New Housing Measures Expected in 2022 Federal Budget appeared first on RE/MAX Canada.
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 [...]
The post Is Investing in Canadian Real Estate Still a Good Idea? appeared first on RE/MAX Canada.
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 [...]
The post Top Tips for Making Your Home Renovation Pet-Friendly appeared first on RE/MAX Canada.
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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