Gerry’s Blog
Are you looking to cash in the enormous equity you have built up in the Vancouver real estate market in the last few years? Pricing your home for sale in Vancouver requires a proper and well-thought-out strategy. Residential property prices can make or break a sales agreement as it is the first thing that most…
Should Canada’s banking regulators abandon the mortgage stress test? In 2016, the Canadian government introduced the mortgage stress test as a vital tool to curb risks associated with mortgage lending, especially when the Canadian real estate market experiences higher prices and lower interest rates. It was also amended in 2021 to require borrowers to prove…
A carbon-neutral home is designed to produce as much renewable energy as it consumes, eliminating carbon emissions. These homes are not only a boon for the environment but also offer financial benefits by significantly reducing or even eliminating the need for external electricity, gas, and other utilities. While the initial cost of building a carbon-neutral…
Do you remember the 2020-2021 cottage boom? Well, if not, then it is likely because the entire Canadian real estate market was booming during the coronavirus pandemic amid a historically low interest rate environment. However, during this period, the cottage industry was enjoying tremendous growth as many households were exploring many residential possibilities. Since families…
Has the weight of higher interest rates impacted the Toronto condo market? Anyone who has taken a stroll in the city will observe cranes at nearly every major intersection, whether in midtown or near the lake. While construction activity looks healthy, demand has been less active, and price growth has not been stellar compared to…
A new era of inclusivity and empowerment in sports sponsorships RE/MAX Canada is thrilled to announce a partnership with the Professional Women’s Hockey League (PWHL) for their inaugural 2024 season, which runs from January 1-May 5, 2024. This collaboration marks a significant step in the continued commitment to promoting inclusivity and supporting women in professional sports….
Higher interest rates have been impacting prospective homebuyers and even sellers who are interested in listing their homes for sale to acquire another residential property. With the Bank of Canada (BoC) potentially finished raising rates, resulting in six per cent fixed-rate mortgages across the country, elevated borrowing costs have slowed sales activity nationwide. However, some…
New Brunswick is attracting more people looking for a new home, and it’s easy to see why. It’s a place where you can enjoy a high quality of life without the high cost. The province is one of Canada’s safest, and its close-knit community vibe makes it easy to settle in and feel part of…
In today’s Canadian real estate market, is it possible to maximize your investment returns? Gone are the days of easy money floating throughout the national economy thanks to the Bank of Canada’s (BoC) historically low interest rates, fuelling the 2020-2021 housing boom that led to exorbitant residential property valuations. Now that conditions have normalized, investors…
In Canada, Homeowners’ Associations (HOAs) are not as widespread as in some other countries, like the United States, but they do exist, particularly in certain types of residential developments. HOAs are more commonly found in planned communities, condominiums, and townhouse complexes. Properties within an HOA enjoy added benefits like enhanced amenities and community management. HOAs…
Owning a home is a keystone of wealth… both financial affluence and emotional security.