All Posts in Category

Purchasing a home in the Canadian real estate market will be one of the most significant decisions of your life. Therefore, you need to know what you are paying for as you find a home to budget the home-buying process accurately. One of the expenses associated with buying or selling a detached house, a townhome,…

During the 2020-2021 housing boom, nearly the entire Canadian real estate market was a seller’s market. The buying frenzy was intense amid historically low interest rates, minimal housing inventory levels, and enormous competition among prospective homebuyers flush with cash. Over the last year, the historic growth has subsided. With the Bank of Canada (BoC) aggressively…

Did the coronavirus pandemic permanently change the Canadian real estate market? Undoubtedly, many aspects of the Canadian economy have been altered, triggering a cascade of challenges and opportunities! Of course, this can weigh on consumer sentiment. But how much is it altering how Canadians purchase residential properties, whether single-family detached homes or condominium suites? Now…

A great real estate agent can make your house-hunting experience much less stressful and confusing, lending you their expertise as well as a listening ear. But how does one identify a good agent? In this article, we will discuss the key characteristics Canadians look for in a real estate agent today. Market and Industry Knowledge…

Let’s face it: The mortgage market is notably volatile right now. And Canadians are noticing. The 2023 RE/MAX Housing Market Outlook report revealed that nearly half (45 percent) of Canadians are concerned that additional interest rate increases will affect their ability to purchase or sell a home this year. After the Bank of Canada (BoC)…

Canada has made great progress in its inflation fight, peaking at an annual rate of 8.1 percent in June and slowing to 5.9 percent in January, according to fresh data from Statistics Canada. The disinflation process has been a welcomed surprise for monetary policymakers as the Bank of Canada (BoC) decided to hit the pause…

Home inspections are an essential part of the home-buying process in Canada. They provide buyers with a comprehensive assessment of a property’s condition, identifying any issues or defects that may not be immediately apparent. The COVID-19 pandemic impacted the frequency of home inspections in Canada, with physical distancing measures and safety concerns leading to declining…

A laneway suite, also known as a garden suite, accessory dwelling unit (ADU), or coach house, is a small, self-contained living unit built on an existing home’s property. These units can be used for a variety of purposes, including generating extra income and expanding your useable living space. If you’re considering building a laneway apartment,…

Over the next three years, nearly 900,000 Baby Boomers are expected to retire in Canada. In tandem, the long anticipated $1-trillion intergenerational transfer of wealth from Boomers to Generation X (which is already underway) will continue. With inherited properties included in this wealth transfer, major shifts pertaining to ownership are coming to the real estate…

Talking about real estate can be stressful for some people. Rents continue to rise, and buying can be a painstaking process. Purchasing a house is one of the most significant financial choices you will make in your lifetime. It entails a large investment as well as long-term responsibilities. On the other hand, sellers want to…