Gerry’s Blog
When purchasing a house, most people need a loan be able to afford the home. These loans are called mortgages. A mortgage is a legal agreement where a bank or other lender loans money and charges interest in exchange for taking the title of the borrower’s property. Upon repayment of the debt, the borrower owns…
A common goal for many Canadians upon completing their education and gaining employment is purchasing their first home. Home ownership is, after all, the Canadian dream. While it’s general knowledge that saving money for a down payment is the first step to eventually purchasing a home, many are not aware of the mortgage stress test….
We can all agree that the Ontario housing market is suffering a critical supply shortage. In fact, the trend has spread across Canada, from coast to coast. This is the root of our affordability crisis that threatens to derail one of our country’s key economic drivers and the futures of many Canadians who, even if…
Partnership Marks First in New Category for the NBA in Canada, Will Engage Network of 20,000 Canadian Brokers and Agents TORONTO, Feb. 16, 2022 – The National Basketball Association (NBA) and RE/MAX, Canada’s largest network of real estate agents, today announced a multiyear agreement that makes RE/MAX and its realtors the Official Real Estate Agents…
Seller’s market to persist in Kelowna housing market in 2022, prices expected to rise 9% Seller’s market conditions are expected to persist in the Kelowna housing market in 2022, conditions prompted by tight housing supply. Low interest rates could also play a role for buyers in 2022, specifically there’s a possibility that the market may…
Typically, when tapping into your home’s equity, one uses a home equity line of credit (HELOC) or refinances their mortgage. What if we told you this was not the only way to free up home equity for other purposes? While a traditional mortgage is a loan secured by a home or property, the borrower must…
The Vancouver real estate market was hot before the coronavirus pandemic shut down the global economy, and it has undoubtedly continued to sizzle since. Is there anything that can slow down the Vancouver housing market? Vancouver is going through an ebullient and frustrating period for homebuyers and sellers. Ebullient for sellers and frustrating for buyers,…
Toronto housing market could see prices rise 10% this year Limited housing supply and strong demand will likely keep the Toronto housing market in strong seller’s territory through 2022. Move-up and move-over buyers continue to drive demand in the region, with single-detached home experiencing the greatest year-over-year price appreciation last year on a year-over-year basis,…
Although the red-hot Canadian real estate market has ostensibly taken a breather in recent months, the latest trends developing across Canada suggest that the boom still has room for growth this year. From strengthening demand to lacklustre new housing construction, many factors are pointing to an upward trajectory for Canadian real estate markets over the…
The Ontario housing market is in dire need of supply. With rising residential prices far outpacing incomes, and not enough homes on the market for everyone who wants to buy one, the supply issue is the root of the Ontario’s—and Canada’s—housing affordability crisis. It’s been long said by RE/MAX Canada executives and other industry insiders,…
Owning a home is a keystone of wealth… both financial affluence and emotional security.