Cottage Prices Rise in most Western Canada Recreational Markets

Remax Blog

Cottage prices have increased in 83 per cent of Western Canada’s recreational markets, according to RE/MAX Canada’s 2024 Cottage Trends Report. Read more… 

British Columbia’s Proposed Home Flipping Tax

Remax Blog

British Columbia is grappling with housing affordability challenges and the government is facing a record $7.9 billion budget deficit. In order to kill two birds with one stone, the province has introduced a new home-flipping tax that could help alleviate these problems. Read more…

A Look at the Spring Housing Market

Remax Blog

It’s that time of the year: the birds are chirping, the buds are blooming, and the Bank of Canada (BoC) is on the brink of cutting interest rates. This is also the time of the year for a busy Canadian real estate market when prospective homeowners are searching for a new place to call “home.” Will this year’s spring housing market be a repeat of the past? It depends on whom you speak to. Read more…

Cap Rate for Beginners

Remax Blog

Investors looking to find commercial real estate rental properties with healthy cash flows have a variety of ways of evaluating opportunities within the market. One of the simplest, back-of-the-envelope calculations that can be used is known as the cap rate. Although not the only metric that should be considered before committing to a transaction, it is, nevertheless, a valued tool in every investor’s due diligence toolbox. Read more…