According to the new RE/MAX 2021 Condominium Report, condominium sales are firing on all cylinders in the Ottawa real estate market, as strong demand and tight inventory levels characterize current market conditions in the region. The rapid escalation of freehold property values over the past year – up almost 28 per cent – has been…
After bearing the brunt of the impact of the pandemic on the Greater Toronto real estate market, condominium sales and prices have roared back to life in both the city and suburbs in 2021. Year-to-date sales of condominium apartments and townhomes (January 1 to August 31) have climbed 71 per cent year-over year, to 30,383…
According to the new RE/MAX 2021 Condominium Report, condominium apartment sales in the Calgary real estate market have soared year-to-date as buyers seek to achieve home ownership while interest rates remain low. In the first eight months of the year, almost 2,800 apartment units have changed hands in the city, an increase of 82.6 per…
According to the new RE/MAX 2021 Condominium Report, strong demand has contributed to a significant uptick in condominium apartment sales in the Greater Vancouver real estate market, more moderate gains have been reported in terms of price in 2021. According to the Real Estate Board of Greater Vancouver (REBGV), the average price of a condominium apartment…
The story seems to be on repeat: record-breaking prices across the Canadian housing market. From coast to coast, unit sales, sales volume and prices have been setting records practically every month. While some markets remain well below the national average in terms of average property prices, they are still increasing at the quickest pace on…
The GTA real estate market has been surging since early 2020. Month after month, record numbers of homes are being sold across the metropolitan area at record-setting prices. In particular, the Mississauga housing market continued to burn hot as summer came to a close. Sitting just east of the city of Toronto, Mississauga is one…
Even before the COVID-19 public health crisis, the Vancouver housing market was one of the world’s most expensive. Throughout the coronavirus pandemic, it remained one of the hottest housing sectors on the planet. Now that the country is emerging from the global health crisis, one of Canada’s largest cities continues to burn red-hot, which may…
The St. John’s, Newfoundland housing market has made price and sales gains in 2021, with seller’s market conditions expected to continue through the end of the year. This largely echoes activity in the rest of Canada, where seller’s market conditions have been identified in 26 of 30 regions analyzed in the RE/MAX Fall 2021 Housing…
The Edmonton housing market experienced a 60% increase in sales across all home types, propelled by growing families, the work-from-home trend, and the desire for more outdoor space. Edmonton is currently experiencing balanced market conditions, in contrast to the seller’s market conditions that are characterizing 26 of 29 regions analyzed in the RE/MAX Fall 2021…
The Calgary housing market experienced a slow-down in activity during the summer, following a spike driven by the remote work trend early in the year. The market appears to be now stabilizing and is back on par with 2020 activity, according to Lowell Martens, broker at RE/MAX Real Estate (Mountain View). Average sales have increased…
Owning a home is a keystone of wealth… both financial affluence and emotional security.