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Buying a home is a big investment and a huge commitment, but most homeowners will attest that the long-term pay-off is worth the shorter-term financial pains and strains. Over the last few years, mortgage interest rates have been in the spotlight, and more recently, the culprit behind many of those “pains and strains.” A higher interest…

. . About the RE/MAX Network As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in almost 9,000 offices with a presence in more than 110 countries and territories. RE/MAX Canada refers to RE/MAX of Western Canada (1998), LLC and…

“Is real estate a good investment?” “Is buying a house a good investment, or is investing in a commercial property a better idea?” are just two of the questions that real estate agents get asked often. Long-term real estate investments have historically generated excellent returns. However, how much you pay for the property, how much…

After weeks or months of viewing and bidding on properties, your offer on the house of your dreams has been accepted. Now what? At this point, typically, there is a bit of a waiting period. The closing date in real estate is defined as the day the buyer officially becomes the owner of a property…

How Much Tax Do I Pay When Selling My Home in Canada? https://blog.remax.ca/wp-content/uploads/sites/8/2023/05/ReMax_SEO_4_16x9_091724-mix.mp4 . In today’s economy, real estate is one of the best ways to generate wealth and fund your retirement. But while asset appreciation has been enormous – according to the Canadian Real Estate Association (CREA), the average annual rate of return has…

In Canada, everyone has an opinion about property taxes. Whether city dwellers or rural folk, each side will argue that the other is not paying enough in property taxes, making for a heated and spirited discussion about levies on the residence you worked hard to purchase. That said, aside from discussions over what the property…

Canadian real estate has been a staple in headlines and above-the-fold features for years, but 2024 has been an especially turbulent year, the product of a perfect storm of factors including affordability, inventory, immigration, economy, interest rates, government policy, sidelined homebuyers clamouring to get back into play, and home sellers waiting for just the right…

Canadian real estate pioneer, esteemed business leader and philanthropist Walter Schneider has been appointed to the Order of Canada alongside 87 other outstanding Canadians, in what is considered to be one of Canada’s highest honours recognizing those who have made notable and sustained contributions to the country. Schneider redefined Canadian real estate when he co-founded…

Neighbourhoods evolve. They are a living, breathing thing, growing and changing as people come and go. So, what attracts people to a neighbourhood in the first place? This question was a prevailing theme of RE/MAX’s 2024 Liveability Report, which evaluated Canadians’ most-valued liveability criteria, and based on that, the neighbourhoods that suited them best. From…

Benchmark Rate Now Sits at 3.25% In a widely expected move, the Bank of Canada has continued the downward trajectory with a second consecutive half-point cut to its benchmark interest rate, which now sits at 3.25%. This marks the fifth interest rate cut in a row, despite s slight uptick in inflation, which rose to…