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…
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,…
Owning a home is a keystone of wealth… both financial affluence and emotional security.