Gerry’s Blog
About the report This report includes data and insights about the Canadian housing market, provided by RE/MAX brokerages. RE/MAX brokers and agents are surveyed on market activity, local developments and trends. About Leger Leger is the largest Canadian-owned full-service market research firm. An online survey of 1,522 Canadians was completed between January 19 and January 22, 2024, using…
The Calgary real estate market is one of the most thriving aspects of the Canadian housing sector. Over the last year, the Calgary real estate industry has witnessed impressive gains, from growth in the condominium market to sufficient inventory levels to a high sales-to-new-listing ratio (SNLR). Indeed, the western Canada city has become one of…
Living in the mountains is a much-needed escape from the stressful city life. Imagine waking up and witnessing breathtaking mountain views and feeling the gentle breeze on your cheeks. If you take pleasure in outdoor activities like hiking, angling, mountain cycling, snowboarding or skiing, living among the mountains is an ideal choice. Canada offers majestic…
The rise of multi-generational living, where families of different generations live under one roof, is becoming a notable trend. Driven by both necessity and choice, this living arrangement is reemerging as a popular option. It’s not just about the practical benefits of shared expenses and combined caregiving for the young and old. Living with extended…
The Prairies continue to offer Canadian homebuyers something they have been craving for a long time: Housing affordability. The Saskatchewan and Manitoba real estate markets are still enjoying low-priced residential properties, especially compared to other places in the Canadian housing industry. In Manitoba, for example, the average sales price for a home in November was…
Are Canadian homeowners and prospective buyers beginning to take climate change more seriously in the real estate market? A recent survey for Rates.ca and BNN Bloomberg found that 60 percent of young homeowners were thinking about the possible effects of climate change on the area where they were purchasing their residential property. By comparison, this…
The Moncton real estate market is forecast to have another stellar performance, according to a new RE/MAX report looking at the Canadian housing industry in the year ahead. In 2024, the average sales price in Moncton is projected to rise five percent to $350,171, with sales anticipated to climb three percent. After years of being…
The Ottawa housing industry is projected to remain in balanced territory while prices rise at a modest pace and sales activity slows, according to the 2024 RE/MAX Housing Market Outlook (HMO) report. This year, the Ottawa real estate market is forecast to see the average sales price rise two percent to $737,968, the report stated….
At a time when mortgage rates are hovering between five and six per cent and home prices remain above their pre-pandemic levels, discussions surrounding the mortgage stress test have been prevalent across the Canadian real estate market. The mortgage stress test is a federal government mandate requiring that borrowers prove they can afford higher payments…
A mortgage calculator is a versatile and powerful tool that empowers prospective and current homeowners to better understand their mortgage obligations. It offers insights into various aspects of a mortgage, such as monthly payments, amortization schedules, and the impact of lump sum payments. Understanding how a mortgage calculator works and what it can reveal is…
Owning a home is a keystone of wealth… both financial affluence and emotional security.