Gerry’s Blog
Over the last year, plenty of discussions have concerned the repurposing of commercial office space into residential units. Although costly and technically challenging, this strategy makes sense for many as it kills two birds with one stone: addressing housing affordability and shortages and preventing a meltdown in the commercial real estate market. The office sector…
Edmonton, often called the “Gateway to the North,” is more than just a catchy nickname. It’s a bustling hub connected to every corner of Canada through planes, trains, and highways. As the capital of Alberta and its northernmost big city, it’s home to over 1.1 million people. While other Canadian cities felt the pinch from…
Whether you’re taking your business from your basement to the streets, moving an already-successful enterprise to a new location or getting ready to buy commercial real estate (CRE) to rent to prospective tenants, when you’re finally willing to take the plunge, zoning could turn out to be your best friend or your worst enemy. Ultimately,…
As Canada’s largest city, Toronto offers many opportunities for newcomers, from its booming tech industry and financial services to a rich cultural scene. Buying a home here is a long-term investment that can offer significant financial rewards over time. The Toronto real estate market is a bustling and competitive landscape that has proven both lucrative…
The level of uncertainty in the early days of the coronavirus pandemic negatively impacted housing inventory and prices, including in the Fraser Valley real estate market. It might seem surprising today, but residential property sales had slumped in the first several months of the once-in-a-century public health crisis. They did not pick up steam until…
In the first year of the COVID-19 public health crisis – specifically April 2020 – there was speculation that the Canadian real estate market would crash, giving many young families the opportunity of a lifetime, especially in major urban centres, like Toronto and Vancouver. Indeed, home sales activity did decline by about 39 per cent in…
Despite sky-high prices in Canada’s two largest markets, is there still an opportunity in the GTA and Vancouver real estate? This is indeed the million-dollar question for prospective homebuyers. Although there was a tepid decrease in sales activity and home valuations in the Toronto and Vancouver real estate markets, conditions have been revived, even in…
What’s the difference between buying vs. renting in Toronto? Rental pricing is through the roof, and tenants might not see any relief in sight, whether rising mortgage rates or the supply-demand imbalance. According to the September 2023 Rentals.com report, the average asking rent in Canada climbed nearly two per cent on a month-over-month basis and skyrocketed…
. 2022 Condominium Report Condominium Market Share Continues to Climb in Major Canadian Real Estate Markets, as More Buyers Seek Affordable Housing Options Double-Digit Increases to Rental Rates Spark New Wave of Condo Buyers in Alberta Buyers from British Columbia and Ontario continue to be active in Alberta’s condominium market. The lion’s share of condominium…
The Canadian real estate market is facing new realities. The Bank of Canada’s (BoC) rising interest rates have made purchasing a residential property more expensive. Higher immigration levels will likely exacerbate the supply-demand imbalance. Rising inflation, higher borrowing costs, and growing labour shortages have made housing construction activity a bit more subdued. As a result of these…
Owning a home is a keystone of wealth… both financial affluence and emotional security.