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, [...]
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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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RE/MAX® Canada is pleased to announce the expansion of its long-standing Quest For Excellence scholarship program, both in reach and in funding. Starting in 2023, the scholarship will be offered across Canada (except for Quebec), with a total of $40,000 being awarded to 40 eligible students. The Quest for Excellence scholarship program recognizes the [...]
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Have you seen the price of homes in Northern BC, Fraser Valley, Victoria and Vancouver lately? The British Columbia housing market has been one of the hottest housing sectors before and during the coronavirus pandemic, and once the COVID-19 public health crisis is in our rear-view mirror, this western province could maintain its juggernaut [...]
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Is the rebound in the Alberta housing market complete? While many regions in Canada experienced a boom following the first wave of the coronavirus pandemic, the Alberta real estate market took some time to see growth in sales activity and prices. From the collapse in energy prices to the economic impacts of the lockdowns, [...]
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For a long time, it was a common ideology that a variable rate mortgage was ideal when purchasing a home. The thought process was based on the theory that if the rate drops, you’ll be able to reap the benefits of lower interest payments as opposed to someone who is in a fixed-rate mortgage. [...]
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Saving a down payment for a house can be a daunting task. In this day and age, it can take years to save up enough money to afford a home, depending on various personal and economic factors. However, the Canadian government has created a Home Buyers’ Plan program, which allows first-time homebuyers to withdraw [...]
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It is no secret that the Fraser Valley housing market has been one of British Columbia’s hottest for the last couple of years. But did this area, which consists of Abbotsford and Chilliwack, really break a century-old record? The pandemic housing boom in this western province and across the entire country highlights how hot [...]
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Well, it happened. The Bank of Canada (BoC) finally raised interest rates. The question now is what impact higher rates will have on the sizzling Canadian real estate sector. Many market analysts anticipate the central bank will raise rates several more times in 2022 to help combat swelling inflation, which could lead to a [...]
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