Gerry’s Blog
Are laneway suites in Toronto a solution to the housing affordability crisis? From the length of time it takes to save a down payment, to the housing supply shortage driving up prices, many prospective homebuyers are being priced out of North America’s fourth-largest city. In recent years, many public policymakers, industry professionals and community activists…
RE/MAX® Canada is pleased to announce the expansion of its long-standing Quest For Excellence scholarship program, both in reach and in funding. Starting in 2023, the scholarship will be offered across Canada (except for Quebec), with a total of $40,000 being awarded to 40 eligible students. The Quest for Excellence scholarship program recognizes the success…
Have you seen the price of homes in Northern BC, Fraser Valley, Victoria and Vancouver lately? The British Columbia housing market has been one of the hottest housing sectors before and during the coronavirus pandemic, and once the COVID-19 public health crisis is in our rear-view mirror, this western province could maintain its juggernaut status…
Is the rebound in the Alberta housing market complete? While many regions in Canada experienced a boom following the first wave of the coronavirus pandemic, the Alberta real estate market took some time to see growth in sales activity and prices. From the collapse in energy prices to the economic impacts of the lockdowns, the…
For a long time, it was a common ideology that a variable rate mortgage was ideal when purchasing a home. The thought process was based on the theory that if the rate drops, you’ll be able to reap the benefits of lower interest payments as opposed to someone who is in a fixed-rate mortgage. Before…
Saving a down payment for a house can be a daunting task. In this day and age, it can take years to save up enough money to afford a home, depending on various personal and economic factors. However, the Canadian government has created a Home Buyers’ Plan program, which allows first-time homebuyers to withdraw up…
It is no secret that the Fraser Valley housing market has been one of British Columbia’s hottest for the last couple of years. But did this area, which consists of Abbotsford and Chilliwack, really break a century-old record? The pandemic housing boom in this western province and across the entire country highlights how hot the…
Well, it happened. The Bank of Canada (BoC) finally raised interest rates. The question now is what impact higher rates will have on the sizzling Canadian real estate sector. Many market analysts anticipate the central bank will raise rates several more times in 2022 to help combat swelling inflation, which could lead to a myriad…
Is the Sault Ste. Marie housing market one of the hottest in the broader Ontario real estate sector? While sales activity has simmered down to kick off 2022, prices have skyrocketed to an all-time high. It makes sense, considering that, according to a recent study by U-Haul in January, Sault Ste. Marie is one of…
Spring is right around the corner, and you may be thinking about making some home improvements. You love your home, but perhaps you want something a little bigger, or a little nicer. A renovation can get you there. At the same time, remodelling certain areas of your current home may lead to a higher value…
Owning a home is a keystone of wealth… both financial affluence and emotional security.