Gerry’s Blog
The conventional wisdom has been that if you want to save on housing, you would leave the big city and move to small towns and rural communities where you can potentially find a single-family home within your budget. This traditional concept has been pushed aside with recent shifts in the Canadian real estate market. With…
British Columbia continues to be one of the most sought-after places to live, work, study and retire, from the metropolitan vibes of Vancouver to the rural communities in the north. The western province has it all, including some of the most expensive real estate in Canada. The Victoria housing market is one region that’s experiencing…
Located on the shores of Southern Georgian Bay, Collingwood is a thriving town that provides four seasons of adventure. It’s a popular choice for families and retirees looking to get outside while also experiencing a modern downtown with shops, restaurants and boutiques. Like many towns across Canada, Collingwood real estate has seen rising demand and…
The Canadian real estate market is showing signs of stabilizing. With interest rates rising and the frenzy of demand beginning to subside, the pandemic-era meteoric price growth appears to be easing, allowing hopeful homebuyers who were previously priced out of the housing market a chance to get their foot in the door. Over the last…
In recent months, officials at all three levels of government have been scrambling to increase affordability in the Canadian real estate market, with municipal, provincial and federal housing proposals ranging from new or higher tax rates to more tax credits. During the last general election, all of the federal party leaders put forward their ideas…
Is it possible to have a down payment strategy in today’s sizzling Canadian real estate market? From the Prairies to Atlantic Canada, it is clear that all kinds of residential properties are rising in value. And while there are obvious advantages of putting 20% down on your home, current conditions are posing challenges to many…
Enough promises. It’s time for action. That’s the message from RE/MAX Canada President Christopher Alexander in response to the housing supply crisis and resulting affordability challenges plaguing the Ontario real estate market. The housing supply shortage has been making national and Ontario real estate news headlines, driven by the 2021 federal election and more recently, the…
Of all the rooms in your home, you are probably spending the most time in the kitchen. Whether as the place where you prepare meals each day or as an entertaining space, a lot can be done to improve it and to get the most out of this space. The good news is there are…
The condominium market is on fire, especially in the major urban centres in the Canadian real estate market. After a deep decline in the first year of the coronavirus pandemic, driven by evolving consumer trends, the condo market has enjoyed an exceptional turnaround. Some housing market analysts think that 2022 could even be a record-breaking…
The Bank of Canada (BoC) has said it will be use its monetary policy to tamp down inflation, which currently sits at a 30-year high, joining the chorus of central banks worldwide trying to grapple with the rapidly escalating cost of living. So far this year, the BoC has already moved forward with rising interest…
Owning a home is a keystone of wealth… both financial affluence and emotional security.