Sales 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 Ever scrolled through a listing and been bemused by photos including outdated furniture, empty rooms or wild wall colors?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…
DetailsIt should come as no surprise that affordability in the Canadian housing market has become a key issue in the upcoming federal election. According to a recent RE/MAX report, 42 per cent of Canadians said the high cost of housing was preventing them from entering the housing market, and 48 per cent shared concerns over their ability to…
DetailsMaintaining a property requires a certain amount of care. Without it, the structure may sustain damage, even if the exterior looks like it is in good general condition. There are many reasons that homeowners may have a second property. Many people deliberately choose to make the purchase, for use as a vacation home or investment…
DetailsWhen it comes to navigating an overwhelming, complicated or unpredictable housing market (hello, 2021!), hiring a RE/MAX real estate agent is a good first step. Here’s why. No one ever said real estate was easy. In fact, especially since March 2020, most homebuyers and sellers have probably muttered a much different sentiment under their breath. …
DetailsWith interest rates reaching historic lows in a persistent seller’s market, the new-home construction industry is facing a test of successfully balancing supply and demand. In the premiere episode of the interactive series “Keepin’ It Real with Nick Bailey,” RE/MAX President Nick Bailey and two guests explore all sides of the new-home construction market.…
DetailsThere are so many people (who do not work in real estate) who have advice for a new homebuyer trying to find the right place. And, unfortunately, so many of those people advise against having a real estate agent, whether it’s because they have had an unpleasant experience themselves or because they think they’re saving…
DetailsCanadians opt for more affordability and new lifestyle, flocking to recreational property market 57 per cent of markets offer properties below $500K, according to RE/MAX brokers and agents Average sale price anticipated to rise up to 30% in some recreational property markets, according to RE/MAX brokers and agents. 44 per cent of recreational property buyers…
DetailsStakes in Canadian real estate have never been higher. Industry professionalism needed to restore buyer and seller confidence. Particularly for buyers engaged in the Canadian real estate market, the transaction is filled with mounting complexities and undeniable frustrations – most specifically, the lack of transparency in under-market-value listing strategies within an already expensive market, and…
DetailsCanadians invest in home renovations to improve quality of life, not to add value in current Canadian real estate market Challenging Canadian housing market conditions put additional importance to home renovations since the start of COVID-19, both for those looking to stay and those selling More than half of Canadians renovated their home in 2020…
DetailsAs construction season kicks off, those looking to renovate this spring and summer might be stunned by the price of lumber. “It was a big shock to find out it was going to be that much more this year,” Andra McLachlan said. She’s on her second year of home and backyard renovations and is kicking…
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