The small municipality about two hours outside the city of Toronto has shown impressive performance over the last couple of years. According to the Kingston and Area Real Estate Association, residential property sales tumbled 11.3 per cent year-over-year in February, totalling 267 units. The real estate association’s data found that the MLS® Home Price Index […]
Is buying a home becoming less affordable in the province of Alberta? Throughout most of the pandemic, price growth has been subdued in the likes of Edmonton and Calgary. However, the Alberta housing market started the new year on an upswing that has continued in recent months, with a revival in prices and sales activity. […]
While the rest of the country have been experiencing a boom in sales activity and prices since the early days of the pandemic, Calgary and the broader Alberta real estate market continued to lay low, mainly due to the crash in crude oil prices and the economic downturn. The monthly report confirmed that the months […]
Experts say that the local economy is built for the ever-intensifying work-from-home trend, largely comprised of public sector workers and IT, which are perfect occupations for remote work. High demand and ultra-low borrowing costs have triggered a tsunami of home-buying, which drained inventories across this local market. It was a perfect storm for the Ottawa […]
What’s more, the gravity-defying growth has been consistent across virtually every segment of the market, with urban condominiums bouncing back after experiencing a lull in 2020, to the spike in single-detached activity in suburban and rural communities. It is no secret that investors have become more active within the Canadian real estate market over the […]
Despite a tepid slowdown in the first couple of months of the COVID-19 public health crisis, both cities have been soaring ever since. If the HPEI is between 0.95 and 1.00, a bubble will potentially form and appear in yellow. Before the pandemic, the Toronto housing market’s HPEI was above 1.00, in the red zone, […]
From the major urban centres to small towns and rural communities, the Canadian real estate market has witnessed impressive growth since the early days of the coronavirus pandemic. Compared to the rest of the country, Saskatchewan real estate is relatively affordable, whether buyers are looking to make a move to Regina, Saskatoon, Moose Jaw, Prince […]
The sizzling conditions have become more pronounced during the COVID-19 public health crisis, with stellar price growth and exceptional sales activity occurring in Ajax, Oshawa, Whitby and other Durham municipalities. According to the Durham Region Association of REALTORS® , residential property sales tumbled 33.7 per cent month-over-month in December, totalling 671 units. Despite the tepid […]
Considered a market to watch in 2022, the city of Calgary has largely benefited from an influx of prospective out-of-province buyers over the last two calendar years. “Concerns over inflation and rising lending rates likely created more urgency with buyers over the past few months. “Overall, the 2021 benchmark price rose by more than eight […]
“The currency of home ownership has clearly taken on a new dimension in 2021,” says Christopher Alexander, President, RE/MAX Canada. The RE/MAX 2022 Luxury Market Report examined Canadian luxury real estate trends and developments in freehold and condominium sales over $3 million in Metro Vancouver and the Greater Toronto Area , and tracked sales over […]
The shift in lifestyle expectations resulting from the global pandemic has been a boon to many real estate markets across Canada, which saw rising interest by those seeking to trade big city living for more square-footage, ample outdoor living space and perhaps a slight break in price. However, this trend has taken its toll on […]
The pandemic housing boom has made it increasingly difficult to find balance in the Canadian real estate market, with healthy activity on both the demand and supply sides. Calgary and the broader Alberta real estate markets were slow to catch up to the rest of the country after the first wave of the COVID-19 crisis. […]
Toronto, ON and Kelowna, BC, December 1, 2021 – RE/MAX is anticipating steady price growth across the Canadian real estate market in 2022, with inter-provincial migration continuing to be a key driver of housing activity in many regions, based on surveys of RE/MAX brokers and agents, as reflected in the 2022 Canadian Housing Market Outlook […]