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Gerry’s Blog

Building Credit History with Rent Payments

It only takes a few bad decisions or a few months of hard times before your credit score plummets, and once it’s low, it can be very difficult to build it back up. Sometimes it isn’t enough to just make payments on time, and you might need a little help with building your credit history….

3.5 Million More Homes Needed by 2030 to Tackle Affordability Crisis

Is Canada’s housing affordability crisis as bad as it was a year ago? No. Is Canada’s housing affordability crisis still ongoing? Yes. The talk of affordability has dissipated in recent months as prices continue slipping from their peak earlier this year. Many financial institutions are anticipating declining prices heading into the new year, with projections…

Treat Accessibly Returns for 2022 Halloween Season

RE/MAX Canada, Canadian Tire and Kinder have joined with Treat Accessibly to recruit the participation of 400,000 homes by 2025 – one home for each of the 400,000 Canadian children who lives with a disability Trick-or-treating is a Hallowe’en tradition that children, parents and homeowners anticipate each year, but the seemingly simple task of accessing…

Sought-After Neighbourhoods Keep Vancouver and Toronto Housing Market Hot

Softer detached housing values prompt new round of home-buying activity in hot pockets of Greater Vancouver and Greater Toronto housing markets Q2 detached home sales up in 40% of GTA pockets, 31% of GVA, compared to Q1 While detached housing values show substantial year-over-year gains in the first half of 2022, successive increases to the…

Canadian Real Estate Trends: Putting the Headlines into Context

We’ve all heard the hype: Canadian real estate is facing the deepest market correction in the last 40 years. But this isn’t the first time that experts have forecast corrections or crashes, none of which have materialized in recent history. So, let’s read between the headlines and examine some facts. “Canadian real estate prices are…

Moncton Named Best Place to Buy Canadian Real Estate

Is Moncton, New Brunswick, the best place to buy a home in today’s Canadian real estate market? Money Sense, a Canadian publication, named the Greater Moncton Area the best location for prospective homeowners in the country. The authors assessed the benchmark price for detached homes, attached residential properties, townhouses and apartments. Last year, the typical…

A Look at the Niagara Real Estate Market

The Niagara real estate market has been one of the hottest in the Ontario housing market since the early days of the coronavirus pandemic. Indeed, the Niagara region experienced price growth of +27 per cent between 2020 and 2021, according to a RE/MAX report. But now that rising interest rates and broader uncertainty are causing…

A Beginner’s Guide to Flipping a House

The Canadian government has set its sights on the house-flipping industry to cool housing prices. Ottawa held that slapping an anti-flipping tax would help bring down home valuations, allowing a greater number of prospective homebuyers to purchase a property. Indeed, flipping a house in the Canadian real estate market can be wealth-generator for individuals and…

Can You Afford a Cottage?

You want to buy a cottage, but can you afford a cottage? At the height of the coronavirus pandemic, cottages became hot commodities across the country and prices skyrocketed. Traditionally, these properties were considered recreational by nature, visited on weekends during the summer or for seasonal maintenance by winter. But why can’t you live in…

How To Make an Offer in Cooling Canadian Housing Market

Has the pendulum in the Canadian housing market tilted toward homebuyers? This is the current debate unfolding among market analysts, real estate agents, homebuyers and sellers. The research arm of Goldman Sachs recently dropped a bombshell of a forecast: Canadian real estate will witness the sharpest drop in the global economic downturn. “The pandemic-induced housing…