Gerry’s Blog
The Windsor housing market has been an impressive specimen to watch throughout the coronavirus pandemic. For years, Windsor real estate had been in a rough patch, with a stagnating economy, high unemployment and many young people abandoning the border town for the glitz and glamour of Toronto. However, since the early days of the COVID-19…
Renovating your home is an enormous undertaking, no matter how lavish or understated your vision. It takes plenty of time and money to bring your dreams to life when it comes to home remodelling. To get the most out of your project, we’ve compiled a list of the key home renovation mistakes to avoid. 7…
Bank of Canada Raises Interest Rate to 0.5% on March 2 The Bank of Canada has raised its key interest by 25 basis points in this morning’s announcement, to 0.5 per cent. This is the first in an expected series of increases slated for 2022, as Canada comes out of the pandemic and the economy…
The cost of living has skyrocketed in the post-pandemic economy. In recent months, several surveys have revealed that consumers and businesses find inflation the most critical issue at hand today. Nearly everything has become more expensive in Canada, from food to real estate. Like the rest of Atlantic Canada, Prince Edward Island has not been…
Kitchener Waterloo housing market to favour sellers in 2022, prices expected to rise 6% The Kitchener Waterloo housing market is currently a seller’s market, which is anticipated to continue in 2022, with rising demand for homes and a lack of supply continuing to exert pressure on the market. By the end of 2021, townhomes had…
Is the Canadian real estate market a mountain to climb? For a lot of young professionals who are first-time homebuyers, getting into the housing market can be a challenge, whether it’s saving up enough money for a down payment, finding the right home or securing a mortgage in order to buy it. From tighter mortgage…
The 2021 RE/MAX Award winners in Canada have officially been crowned at the Canadian Awards Celebration that took place in Las Vegas on Sunday February 25, 2022 as part of the larger RE/MAX R4 event. In what was a competitive and record-breaking year for real estate, RE/MAX Canada is thrilled to recognize such a deserving…
The Calgary housing market miraculously succeeded in balancing affordability with conservative growth throughout the course of the pandemic. But the city might be joining its other major urban counterparts, as Calgary’s housing sector sizzles. It was no secret that Calgary was late to the red-hot pandemic-era nationwide real estate boom. The coronavirus public health crisis…
RE/MAX Canada analyzed population trends and their impact on the GTA real estate market over the last 25 years. Spoiler alert: the rapid rise of people who call the Greater Toronto Area (GTA) “home” is just one factor that’s putting immense pressure on the local housing market. You can read about the other “pressure points”…
Exceptional gains in Greater Toronto housing market fuelled by rapid population growth, land scarcity and low interest rates Average price increased more than 450 per cent, while unit sales have doubled since 1996 Residential unit sales in the Greater Toronto housing market have doubled and average price has increased more than 450 per cent since…
Owning a home is a keystone of wealth… both financial affluence and emotional security.