The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points once again today, marking the third rate hike this year. The two back-to-back half-point increases are without precedent, but so were the dramatic pandemic rate cuts in the spring of 2020. Indeed, with the surge in…
DetailsAccording to a RE/MAX agent and interior design specialist, a home’s color palette can make a significant impact on prospective buyers. Here’s why. Using color throughout a home can be expressive, creative and hold cultural significance. But what happens to that level of personalization when it’s time to sell? According to Jeannie Do, homeowners preparing…
DetailsVANCOUVER, BC – May 2022 – Home buyer demand in Metro Vancouver* returned to more historically typical levels in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,232 in April 2022, a 34.1 per cent decrease from the 4,908 sales recorded in April 2021, and…
DetailsIn line with seasonal trends, home sales increased over 30% month-over-month. As anticipated from the housing data presented so far in 2022, the busy spring season got off to another strong start this year. According to the most recent RE/MAX National Housing Report, March 2022 set report records for highest Median Sales Price ($360,000) and lowest Months Supply…
DetailsHarsh winter weather can take a toll on a house – especially outside. Here’s how to prepare for warmer days ahead. 3min read Snow is melting, temps are rising, and grass is growing (though the ground still may freeze from time to time). In locales that experience the four seasons, these are a few tell-tale…
DetailsAs announced at the 2022 RE/MAX R4 convention, agent productivity hits a new high for the network – and the entire real estate industry. RE/MAX agents closed more than 2 million total transaction sides last year, a milestone no other real estate brand has ever reached, President and CEO Nick Bailey announced at the rousing…
DetailsWhen purchasing a house, most people need a loan be able to afford the home. These loans are called mortgages. A mortgage is a legal agreement where a bank or other lender loans money and charges interest in exchange for taking the title of the borrower’s property. Upon repayment of the debt, the borrower owns…
DetailsRE/MAX agents share time-tested tips and tricks for buyers to stay motivated during their real estate journeys amid a fickle seller’s market. In many U.S. locales, the housing market is roaring. It’s great news for sellers, but perhaps less-welcomed news for buyers, who may be feeling the ups and downs of a competitive market. Angelica…
DetailsBuying a house is a huge step in life and involves a lot of work and money. A down payment is an integral part of the process and will affect what type of house you can afford, your mortgage, and more. So how much do you need for a down payment on a house in…
DetailsSales are expected to slow next year, but only because there will be fewer homes available. An aerial view of residential buildings in downtown Toronto. People have been calling Canadian real estate’s upward trajectory “unsustainable” for almost a decade now. But if a global pandemic, followed by a recession, followed by more pandemic hasn’t been…
DetailsFor prospective buyers, visualization is key in determining if a house feels like home. RE/MAX agents weigh in on why staging could be a make-or-break factor in sellers receiving top dollar value. Ever scrolled through a listing and been bemused by photos including outdated furniture, empty rooms or wild wall colors? It’s the house and…
DetailsConfidence continues in Canadian real estate market, with the inter-provincial relocation trend likely to remain strong in 2022 Migration between provinces expected to continue in 2022, potentially impacting local Canadian real estate conditions, according to 53 per cent of RE/MAX brokers (20 out of 38) 49 per cent of Canadians believe the housing market will…
DetailsThe idea of a customized, new residential construction house is enticing to some prospective homeowners, but the process to get there can be grueling. Working with a buyer’s agent along the way can help ensure you negotiate the best price possible and avoid setbacks. Traditional selling points like historic charm in existing homes may not…
DetailsCanadian real estate market sees higher share of condos in 2021, in wake of rising detached housing values; affordability shifts demand for condominiums into high gear in 2021. Staggering gains in detached housing values have sent condominium sales soaring throughout the first eight months of 2021 in major Canadian real estate markets, according to a…
DetailsRE/MAX agents share time-tested tips and tricks for buyers to stay motivated during their real estate journeys amid a fickle seller’s market. In many U.S. locales, the housing market is roaring. It’s great news for sellers, but perhaps less-welcomed news for buyers, who may be feeling the ups and downs of a competitive market. Angelica…
DetailsCanadian housing market expected to remain strong this fall, despite Delta variant, say RE/MAX brokers and realtors Young families driving demand for single-detached homes in cities across the country Canadian housing market prices are anticipated to increase by 5% in the remaining months of 2021, according to RE/MAX brokers and agents. 26/29 major…
DetailsThree experts share their tips for turning a home back into a peaceful retreat and calm hub of relaxation. “When returning home after a busy day, you really need to be in a space where you can center your mind and release stress,” says Melissa Carrington, Broker/Owner of RE/MAX Elite in New York, who also…
DetailsDarcy Elliott, shipping supervisor at Spray Lake Sawmills, inspects lumber at the company’s facility in Cochrane, Alta. in May. (Jeff McIntosh/The Canadian Press) 821 comments Homeowners who resisted the urge to renovate during the first 18 months of the pandemic may find now is their chance, as lumber prices that soared to dizzying heights in the…
DetailsIn recent months, the consensus has been that the Canadian real estate market may have reached its peak. Some markets continue to enjoy record-breaking gains. Still, the broad-based trends spotlight a crucial development: the sector may be returning to some semblance of normalcy during these uncertain times. Will this finally give young Canadians hope that they can attain the…
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