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Gerry’s Blog

Real Estate Definition: Assignment Sale

When a buyer enters into a purchase agreement for a pre-constructed or newly built property, they may find themselves in a situation where they no longer wish to proceed with the purchase. In such cases, the buyer can assign their rights and obligations under the agreement to a new buyer – and this is where…

RE/MAX Reviews: Famous Movie Houses

If you ever find yourself watching a movie, but paying more attention to the setting than the plot line, join us as we review some famous, award-worthy movie houses gracing the silver screen. Parasite 5 / 5 . When it comes to the property Parasite, honestly, anyone would also kill to live there…or work with…

Time for 30-Year Mortgages in Canada? One Homebuilders Group Says Yes

The Canadian real estate market needs to have 30-year amortization periods for mortgages to grapple with the nation’s housing affordability challenges and facilitate more construction activity, says an industry group representing the country’s residential home builders. Speaking at a February news conference, Canadian Home Builders’ Association CEO Kevin Lee encouraged the federal government to allow…

Understanding the Real Estate Market When Selling Your Home

After sitting on the sidelines waiting out the market, you have decided on selling your home. You are not alone. This past fall, a NerdWallet study found that a fifth of homeowners plan to sell their homes in the next three years, and 41 per cent intend to list their homes in the next five…

5 Reasons Your House Isn’t Selling

Home sellers have two main objectives: to sell quickly and for the highest price. This hasn’t been very difficult to achieve over the last few years, with market conditions favouring of sellers due to high demand, low interest rates, and an ongoing housing supply shortage in many Canadian cities. Despite this perfect storm, some houses…

Are Taxes Worsening Canada’s Housing Affordability?

In recent years, all three levels of government have attempted to use the tax code and other public policy instruments to help address Canada’s housing affordability challenges. However, while Canadian officials are trying to encourage home-buying and incentivize more supply, industry experts argue that plenty of measures are still in place that stifle supply and…

House for Sale with Pool: Are You Ready For It?

While searching for properties for sale, you come across a house with a pool. It seems like a dream come true and an opportunity you don’t want to miss! Having your own private swimming pool can provide endless hours of fun and relaxation, but it also comes with responsibilities and additional expenses. Now, before making…