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Is Toronto real estate cheaper than Vancouver? This is the million-dollar question. As conditions shift in the current housing landscape, this has become a common question in today’s Canadian real estate market. While some places shift into a buyer’s market and others maintain their seller’s market status, prospective homeowners, investors, and analysts are attempting to…

Housing affordability has become a top priority for all three levels of government, with public policymakers exploring a broad array of measures to ensure more Canadians have the opportunity to purchase a single-family home, townhouse, or condominium. Since the start of the pandemic-era housing boom, which experienced a modest correction after the Bank of Canada…

Despite the Bank of Canada (BoC) raising interest rates to their highest level since before the global financial crisis in 2008, the impact on the Canadian real estate market has not been equal. Some areas of the country are performing well, while others are struggling to revive sales activity. In July, the Canadian housing market…

After a year of rising interest rates, the Bank of Canada (BoC) slammed the brakes to kick off the second quarter, leaving its benchmark policy rate at 4.5 per cent. Officials wanted to take a break, assess the economy, and see how rate hikes were impacting the broader economic landscape. But while there was some…

When the coronavirus pandemic shut down the country, the federal government responded by unleashing the mother of all stimulus and relief programs, and the Bank of Canada (BoC) answered by slashing interest rates to nearly zero, injecting enormous amounts of liquidity into the economy and financial markets. This resulted in employed households flush with cash…

Compared to many other major urban centres in the Canadian real estate market, such as Toronto or Vancouver, Winnipeg enjoys one of the most affordable housing markets in the country. According to the Winnipeg Regional Real Estate Board (WRREB), residential property prices remain well below the national average, even when Toronto and Vancouver are removed…

One of Canada’s most prosperous provinces, has become a hotspot for real estate, attracting an influx of people moving to Alberta . Alberta offers a unique blend of opportunity and affordability that is attractive to homebuyers and investors. Let’s take a closer look to learn why people are increasingly choosing Alberta as their preferred destination…

Property taxes play an integral role in Canadian real estate, providing a significant source of revenue for municipal and provincial governments. These taxes fund crucial public services like infrastructure, public safety, education, and health care. As an essential consideration for homeowners and real estate investors, understanding the nuances of property taxes is fundamental to navigating…

Bank of Canada’s Interest Rate Announcement: Rate Holds Steady at 5% The Bank of Canada held its overnight rate at 5% in this morning’s interest rate announcement, which was widely expected as the economy shows signs of slowing down. The Bank did leave the door open to the possibility of further interest rate hikes in…

. . About the RE/MAX 2023 Fall Canadian Housing Market Outlook ReportThe RE/MAX 2023 Fall Canadian Housing Market Outlook Report leverages data provided by RE/MAX brokers and agents and sourced from CREA and local real estate boards, and consumer insights gleaned from a Leger online online survey of 1,517 Canadians aged 18+ was completed between…