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,…

The Vancouver and Toronto housing market has been sizzling during the pandemic housing boom. Despite a tepid slowdown in the first couple of months of the COVID-19 public health crisis, both cities have been soaring ever since. The word “bubble” has been widely used by the media when reporting on the red-hot Canadian real estate…

The Canadian housing market ended 2021 on a high note. How has it been performing a month into 2022? Canada’s sizzling housing sector has been resilient throughout the coronavirus pandemic. Despite the economic downturn and global health crisis, Canadian real estate markets from coast to coast have enjoyed unprecedented growth in sales activity and home…

Upon deciding to upgrade your home, whether you’re planning to stay there or sell, the topic of money arises quickly. It’s well known that home renovations can be costly. Sure, some small upgrades such as new light fixtures, faucets and paint don’t typically cost a whole lot of money, but remodels are known to snowball…

It was a record-breaking 2020 in the BC housing market. It was a record-breaking 2021 in the province’s real estate industry. Will this trend persist in 2022? From Chilliwack to Victoria, British Columbia has enjoyed exceptional growth throughout the COVID-19 public health crisis, in terms of home sales and prices. Much of this is a…

In 2022, financial experts have been homing in on mortgage rates. Market analysts believe the Bank of Canada (BoC) will raise interest rates. The debate among housing observers, economists and investors is by how much. And with all this talk of fixed vs variable rate mortgages, what is the difference between the two products anyway?…

From the major urban centres to small towns and rural communities, the Canadian real estate market has witnessed impressive growth since the early days of the coronavirus pandemic. But this unprecedented activity in the face of a wide-spread housing supply shortage are thought to be the cause of a nationwide housing affordability crisis, leaving many…

TVO.org has obtained a draft of 58 much-anticipated, sorely needed suggestions from the newly formed Ontario Housing Affordability Task Force, aimed at increasing housing supply and improving affordability in the Ontario real estate market. Slated for official release on Monday, January 31, the report is said to include some “radical” recommendations that would make it…

The common forecast for 2022 is that the Canadian real estate market and the Ontario housing sector could experience somewhat of a cooling down phase. From homebuyer fatigue to rising interest rates, there are a few factors that some industry observers believe could result in either a slowdown in growth. Does the same prognostication apply…