Gerry’s Blog
Since housing prices in the Winnipeg real estate market hit high in early 2022, they have since stabilized and eased to levels appealing for cost-conscious households. Unlike other major urban centres, the Winnipeg housing sector now offers prospective homeowners the chance to take advantage of its affordability attractiveness. Is it any reason why Winnipeg’s population…
Landlords have a number of options to choose from when it comes to the commercial lease types they can utilize for full-building or multi-tenant commercial real estate rentals. In order to better budget annual expenses, ensure lease provisions don’t put undue restrictions on your business growth, and so you’ll be able to negotiate where you…
What Is Commercial Real Estate (CRE)? No commercial real estate 101 guide worth its salt would skip getting everyone on the same page by ensuring the basics are covered, including defining CRE. At its simplest, commercial real estate is property used to house businesses or professional services. Everything from land zoned for development to the…
It can be a humbling experience for first-time homebuyers in today’s Canadian real estate market. Whether putting together sizable down payments or navigating the challenging mortgage market, first-time homebuyers have many hurdles to overcome. That said, despite what could be a daunting endeavour for many households, it is also an exciting time because you are…
Investors looking to find commercial real estate rental properties with healthy cash flows have a variety of ways of evaluating opportunities within the market. One of the simplest, back-of-the-envelope calculations that can be used is known as the cap rate. Although not the only metric that should be considered before committing to a transaction, it…
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…
Owning a home is a keystone of wealth… both financial affluence and emotional security.