RE/MAX Canada Continues Support for Treat Accessibly in 2024
Remax Blog
RE/MAX Canada is proud to announce its continued support of Treat Accessibly in 2024 – a movement that strives to raise awareness and encourage homeowners and communities to celebrate Halloween in a way that is inclusive of people of all abilities. More than 400,000 children and youth in Canada live with disabilities that pose obstacles to everyday activities, like trick-or-treating. These kids are among the 6.2 million Canadians (22 per cent) who identify as mobility, sensory or intellectually disabled. Treat Accessibly promotes inclusivity, by removing barriers to trick-or-treating activities. Read more…
2024 Fall Housing Market Outlook
Remax Blog
With the long-anticipated decline in interest rates finally starting to materialize, early indicators from RE/MAX brokers and agents across Canada suggest steady housing market activity this fall, with average sale prices across all housing types expected to increase between one and six per cent in most regions by year’s end. Read more…
Canadians Shifting Their Post-Crisis Home-Buying Priorities, New Research Finds
Remax Blog
A lot has changed over the last few years, in Canadian real estate and society alike – whether it’s how we work or even where we live. The country has adapted well to these times, though there have been some hiccups along the way to the so-called “new normal.”
What about the Canadian real estate market? The housing industry has witnessed incredible peaks and valleys in recent years. Sales activity exploded across the country, including in rural communities and in the middle of nowhere. Home prices reached all-time highs, even in places where there was little attention in previous years. Mortgage rates tanked, soared, and now moderated. Suffice it to say, a lot has happened. Read more…
What is the Mortgage Stress Test in Canada?
Remax Blog
A common goal for many Canadians upon completing their education and gaining employment is purchasing their first home. Home ownership is, after all, the Canadian dream. While it’s general knowledge that saving money for a down payment is the first step to eventually purchasing a home, many are not aware of the mortgage stress test. So, what is the mortgage stress test in Canada, anyway?
To put it simply, the mortgage stress test is a mortgage qualifier tool used to determine if the borrower would still be able to continue making mortgage payments, should they lose their job, undergo some other type of financial strain, or if interest rates were to rise. Read more…
Where to Find the Cheapest Real Estate in Canada
Remax Blog
Housing affordability continues to be an issue in the Canadian real estate market. From 6 per cent mortgage rates to the difficulty of putting together a 20 per cent down payment, first-time homebuyers are trying to overcome all the hurdles to achieving the homeownership dream.
Despite the long list of obstacles impacting households, they can still find some of the cheapest real estate in Canada. But how? Well, it might not be downtown Toronto or the Greater Vancouver Area, but prospective homebuyers can come across affordable real estate markets nationwide. Read more…
How to Make a Small House Look Bigger
Remax Blog
When it comes to selling a home or preparing to move up to a larger space, your small house has the potential to make a big impression. The exterior and interior aesthetics of your house can play a significant role in capturing the interest of potential buyers. By creating an illusion of greater space, you can make your small house stand out, making it feel larger and more inviting.
There are numerous simple and effective ways to make a small house appear more spacious and open. By implementing a few straightforward strategies, you can transform your home into a more appealing and marketable property, ensuring that it catches the eye of every potential buyer who walks through the door. Let’s learn how to make your house look bigger, outside and inside. Read more…
How to Choose Between a Condo, Townhouse, or Detached Home
Remax Blog
Purchasing your first home is an exciting and monumental step, filled with dreams of finding the perfect place to call your own. Imagine a cozy condo nestled in the heart of the city, where modern amenities and vibrant urban life are just an elevator ride away, a charming townhome offering a balanced blend of community and privacy with shared spaces that foster a sense of belonging, or a spacious detached home where you can relish in the tranquillity of your own yard, free to customize every inch to your heart’s desire. Which is the right choice for you as a first-time homebuyer? Let’s take a closer look. Read more…
A Home Away From Home
Remax Blog
Being away from home can be tough, and even more so when that time away is spent receiving medical treatment. As part of RE/MAX’s annual Month of Miracles campaign that runs throughout August, we worked closely with Children’s Miracle Network (CMN) hospitals in Canada to identify three families whose children are, or have been, frequent visitors to their local children’s hospital – sometimes for extended periods of time. Read more…
How Long Does It Take to Build a House?
Remax Blog
Let’s face it: Building a home is an expensive endeavour. In some Canadian housing markets, the cost can be as high as $1,000 per square foot, while in other locations, it could be a few hundred dollars a square foot. Elevated homebuilding costs have been well documented in the current above-trend inflation environment.
But what about time?
Indeed, the latest roadblock in the Canadian real estate market has been the length of time it takes to construct a single-family home. There are many reasons why it is taking longer, including a shortage of construction workers, supply chain snafus, and costs. Read more…
Downsizing Without Compromise
Remax Blog
Moving from a larger home to a smaller house or condo presents a unique opportunity to reimagine your living space and lifestyle. Determining what you are willing to compromise on and what remains essential is important. Prioritize your comfort by setting clear criteria for your new home. You can consider the option of moving to a luxury condo. Luxury condos often come with high-end finishes, state-of-the-art amenities, and concierge services that can enhance your living experience. With ample-sized living areas, you won’t have to give up so much space. Here are a few tips on downsizing without sacrificing quality of life. Read more…
Fall Real Estate Market Myths
Remax Blog
Don’t get swept up among the leaves and the myths of the fall real estate market. If you’re thinking about listing your home for sale, we dispel some common misconceptions, and share some helpful tips to help turn that “For Sale” sign to “Sold.” Read more…
What Does Title Insurance Cover?
Remax Blog
Title insurance is designed to shield property buyers and lenders from potential losses or legal fees that could arise from disputes over the property title after the purchase has been completed. Unlike other insurance types that offer protection from future events, title insurance provides coverage for risks and discrepancies that already exist but have not yet been discovered. Whether you’re a first-time homebuyer or a seasoned investor, understanding the protections afforded by title insurance can ensure your property rights are secure, providing peace of mind in what is often the largest financial transaction of one’s life. Read more…
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