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Cottage prices have increased in 83 per cent of Western Canada’s recreational markets, according to RE/MAX Canada’s 2024 Cottage Trends Report. Year-over-year gains were noted in Whistler (+7.5 per cent, from $1,633,855 in Q1 of 2023 to $1,756,473 in  Q1 of 2024); Tofino (+100 per cent from $0 in Q1 in 2023 due to no…

The price of Ontario cottages fell in the first quarter of 2024 in 54 per cent of markets analyzed, according to the 2024 RE/MAX Cottage Trends Report. Year-over-year declines range between five and 28.7 per cent. Among these markets are Muskoka (down five per cent, from $1,487,265 Q1  2023 to $1,412,237 in Q1 2024); Kenora…

Sellers are in control of the Atlantic Canada cottage market, with 80 per cent of regions favouring sellers, according to the 2024 Cottage Trends Report released by RE/MAX Canada. The trend is notable in St. John’s, NL, as well as Nova Scotia’s Annapolis Valley, Cape Breton and northern regions. This has remained consistent since 2023….

Archives 2023 – Cabin and Cottage Trends Across Canada Click HERE to view the interactive digital report 2022 – Cabin and Cottage Trends Across Canada Cabin and Cottage Trends Across Canada (2022) Cabin and Cottage Trends Across Canada Indicate Recreational Markets a Magnet of Affordability and Lifestyle to Both Leisure and Permanent Homeowners and Seekers…

With Alberta’s population increasing at a rapid pace, housing inventories are tightening up, resulting in affordability challenges across the province. So, it is no surprise that rent prices are growing faster in the Western province than in any other place in the country. According to the latest figures from Rentals.ca, the average rent for a…

Whenever the Canadian real estate market topic comes up in conversation, it typically surrounds how first-time homebuyers are struggling to get their feet in the door. Whether the challenges of putting together a down payment or qualifying for a mortgage, aspiring homeowners have many hurdles to overcome. But while these labours of Hercules are undoubtedly…

In the face of an ever-challenging housing market, Canadians are getting creative with how they acquire their first homes. Recognizing the hurdles of high property prices and the complexities of securing a mortgage individually, many first-time homebuyers are now exploring the prospect of buying homes with friends. This trend represents an inventive approach to homeownership,…

Canadian homebuyers were taken by surprise after it was reported that the Canada Mortgage and Housing Corporation (CMHC) terminated the First-Time Home Buyer Incentive, also known as the FTHBI. As of March 31, the CMHC announced that “no new approvals will be granted.” While a chorus of industry experts asserted that the program possessed its…

The federal government will not apply the controversial capital gains tax hike to primary residences, Ottawa announced on April 16 when unveiling the 2024 budget. For weeks, there had been speculation that Prime Minister Justin Trudeau and his Liberal government would introduce a levy on homeowners. Ottawa released the $450.8 billion federal budget for 2024,…

RE/MAX is honoured to have been named Canada’s Children’s Hospital Foundations 2023 Canadian Corporate Partner of the Year. “In neighbourhoods across Canada, RE/MAX agents are active in their local communities in many ways, including the RE/MAX Miracle Home Program,” says Adam Starkman, President and CEO of Canada’s Children’s Hospital Foundations, official manager of CMN partners…