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Gerry’s Blog

5.8M Homes Needed by 2030 To Tackle Affordability Crisis

The Canadian real estate market is experiencing a correction period. While many industry observers are stopping short of calling this downturn a crash, it is clear that the once-sizzling housing sector is being doused by rising interest rates and broader uncertainty surrounding market conditions. So, are we still experiencing an affordability crisis? In September, the…

What Happens If I Can’t Pay My Mortgage?

While you might have felt perfectly capable of making mortgage payments when you bought your house, sometimes financial situations arise that affect your ability to make regular mortgage payments. This can have a huge negative impact on your credit score and can put your home in danger of being repossessed if you don’t take immediate…

Sustainable Architecture: Designing an Eco-Friendly Home

In recent years, environmental impact has been a topic on many people’s minds, and you might be searching for ways to live more sustainably. Over time, sustainable architecture strategies can positively affect air quality and resources, and even save you money. Sustainable architecture isn’t just for people who are constructing a new home. Anyone can…

How To Sell a Haunted House – And How To Avoid Buying One!

Superstitions, stigmas and the supernatural – whether you believe in them or not, they can have a very real impact on how long it takes to sell your home and the price you’ll get for it. As a homebuyer, even the mere thought of a haunted house can have you running for your life. With…

What You Should Know About Toronto Real Estate

Is the Toronto real estate market still one of the most expensive housing segments in Canada and the world? Yes. Is the Toronto real estate market coming down from its record highs achieved during the coronavirus pandemic? Yes. Before the once-in-a-century event, the Toronto housing market recorded exceptional gains, from single-detached residential properties to condominium…

Interest Rate Announcement: BoC Raises Rate Another 50 Basis Points

Bank of Canada Interest Rate Announcement: Up 50 Basis Points on October 26 in Sixth Consecutive Increase The Bank of Canada has announced a 50-basis-point increase to its trendsetting interest rate, bringing its target for the overnight rate up to 3.75 per cent. The year started with the bank rate at 0.25 per cent, following…

RE/MAX Agents and Brokers Sold on Giving to CMN

RE/MAX has proudly supported Children’s Miracle Network (CMN) and their member hospitals since 1992, raising over $89 million and counting. With donations through the Miracle Home program and fundraising that takes place throughout the year, our affiliates continue to show their generosity. Recently, RE/MAX® affiliates participated in fundraising events at the 2022 Activate Canadian Conference…

What’s Happening in the Atlantic Canada Housing Market?

The Atlantic Canada housing market has been sizzling since the early days of the coronavirus pandemic. But what differentiates the real estate markets in New Brunswick, Prince Edward Island, Nova Scotia, and Newfoundland and Labrador is how they have held steady, even as the broader Canadian real estate market experiences a correction. Although there have…

A Spotlight on Newfoundland Real Estate

Since the beginning of the coronavirus pandemic, the Newfoundland and Labrador real estate market has seen the best of times and the most modest of times. In other words, the Atlantic Canada housing market has enjoyed a pandemic boom, but prices have not mirrored what was taking place in British Columbia or Ontario. Despite climbing…