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How will higher interest rates impact my mortgage? It’s a question more homebuyers and homeowners are asking, in the wake of the Bank of Canada’s recent interest rate hikes. We consider many variables in life before making any big decision, and one of the most important ones to think about when buying a home is…

They say the “west coast is the best coast.” If that is true, what are some of the best cities to live in BC? As Canada’s most western province, British Columbia attracts plenty of people from other part of Canada who want to be close to the mountains and the fresh ocean air. Sitting just…

Home renovation projects have become quite common throughout the Canadian real estate market. Whether because people are staying home more now or they want to be more environmentally friendly, people are jumping on the renovation bandwagon. Whether indoors or out, there are many things you can do to revitalize your home. In an environment of…

Liveability in small Canadian real estate markets eclipses relative affordability Price growth expected in all small markets analyzed, with average increases ranging from 3% to 20% in some areas Quality of life factors, or “liveability,” are drawing many Canadian homebuyers to small markets (40 per cent); followed by housing affordability (37 per cent) More than…

The Nova Scotia real estate market is leading the Atlantic Canada housing boom. After about three decades of stagnant economic growth, a population exodus and a quiet real estate market, Canada’s eastern seaboard is experiencing enormous growth on many economic fronts. The most notable gain in this part of the country, including Nova Scotia, has…

Canada is, geographically speaking, one of the largest countries on Earth. With a landmass of 9.985 million km², it is the second-largest country in the world. However, Canada is not densely populated due to a relatively low population compared to its landmass. In fact, it is the country with one of the lowest population densities…

Interest rate increases at a reasonable schedule of four times a year would create a stable and more relaxed environment for Canada real estate over the next five years How might the affordability of real estate in Canada be impacted if interest rates continue to climb over the next five years? It could be good…

Bank of Canada Raises Interest Rate Another 0.5% on April 13 The Bank of Canada has raised its key interest by another 50 basis points in this morning’s announcement, bringing it up to one per cent. This is the second in an expected series of rate hikes slated for 2022, and the biggest single increase…

The Calgary real estate market has enjoyed a relatively balanced housing market, with affordability being one of its key attractors as a major urban centre. But could conditions be shifting over the next several months? While the rest of the country have been experiencing a boom in sales activity and prices since the early days…

RE/MAX Canada has selected the recipients for its RE/MAX 2022 Quest for Excellence scholarship program, which awards 16 scholarships to students across Western Canada, valued at $1,000 each. The scholarships will be presented during the students’ school commencement ceremonies. The annual RE/MAX Quest for Excellence program encourages graduating students from British Columbia, Alberta, Saskatchewan, Manitoba,…