Gerry’s Blog
Buying a home can be a complex process involving many fees and expenses. One of the most common questions that homebuyers in Canada have been whether they are responsible for paying realtor fees. In general, the property seller pays any real estate commission in Canada. This commission is typically split between the seller’s and buyer’s…
Canada’s mortgage market appears to have stabilized. But do not tell that to the typical Canadians, as recent surveys have revealed that there is still plenty of consternation among homeowners and buyers, be it renewing their mortgages or being approved for a home loan. This is what happens when interest rates rise to their highest…
The Windsor Essex cottage market is currently a seller’s market, with local buyers – predominantly Get X and retirees – driving sales of recreational properties in the region. The most in-demand features include waterfront locations and access to recreational activities, such as water sports. There is not a specific cottage market in Windsor Essex, but…
Similar to many other recreational markets across Ontario, the Rideau Lakes cottage market is currently experiencing balanced conditions. Baby Boomers and Gen X buyers are driving market activity – specifically families and retirees, looking for waterfront properties and/or those in quieter neighbourhoods with proximity to recreational activities, such as water skiing. Average prices in Rideau…
The Peterborough and the Kawarthas cottage market is currently balanced, but expected to transition to a seller’s market in the months ahead as sidelined buyers return in the warmer months. Activity in the region is currently being driven by Gen X and Baby Boomers, primarily from the local region and Greater Toronto Area. The average…
Market conditions in and around the Charlottetown cottage market are currently balanced with no markers to indicate a change in this state for the rest of the year; prices have remained affordable and the amount of inventory in relation to demand is balanced. Over the last year, most buyers were split between local and out-of-province,…
The Canmore cabin and cottage market currently favours sellers due to lack of inventory. These conditions are expected to persist for the remainder of 2023. The majority of buyers in this region are Baby Boomers, Gen Xers and Millennials who are relocating within Alberta from Calgary and Edmonton. The average price in the Canmore cabin…
As many gardeners will attest, there is great joy in transforming your yard and kitchen waste into eco-friendly organic fertilizer that nourishes the earth. It is rewarding to recycle materials into compost that enriches the soil that keeps your veggies, plants, and flowers healthy. If you are a beginner, investing time and energy to learn…
Despite the sky-high residential property prices in the Greater Toronto Area (GTA), the Ontario region remains one of the most desirable places to live. This is why nearly a fifth of Canada’s population lives in the GTA, whether for employment opportunities or the post-secondary education system. Newcomers typically choose the GTA and the Greater Vancouver…
In the first year of the coronavirus pandemic, many developments formed in the Canadian real estate market, from the home-buying frenzy to intense bidding wars to an urban exodus. But there was something else that occurred, too: rampant interprovincial migration. Households had relocated to other areas of the country in search of more affordable housing…
Owning a home is a keystone of wealth… both financial affluence and emotional security.