News

Canadian Real Estate Prices Hit a New High in February

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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Building Laneway Suites in Toronto: What Homeowners Need to Know

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 Expands Quest For Excellence Scholarship Program in 2023

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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British Columbia Housing Market: What “Cooling Off” Legislation Could Mean

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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Fraser Valley Housing Market Breaks 100-Year Record

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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Can Rising Interest Rates Help Canadian Real Estate Affordability?

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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