Comment: Homeownership is the key to a better future
The Squamish Chief
A commentary by the chief executive officer of Habitat for Humanity Victoria.
I was recently asked what I thought about Prime Minister Justin Trudeau’s recent comment that “housing needs to retain its value … it’s a huge part of people’s potential for retirement and future nest egg.”
This factually correct response is refreshing, but also puzzling given that his government’s policies actively disregard this reality. Read more…
Home sales in May down from year ago: Canadian Real Estate Association
The Squamish Chief
OTTAWA — Canada’s real estate market softened further in May as sales and prices of existing homes declined and listings rose.
The trend happened both over the previous month and compared with May 2023, but could start to reverse after the Bank of Canada made its first interest rate cut in four years, said the Canadian Real Estate Association on Monday. Read more…
Want to make housing affordable? Real estate needs to become a mediocre investment
The Squamish Chief
Prime ministerial interviews aren’t usually comedic material, but Prime Minister Justin Trudeau’s chat this past month with The Globe and Mail’s City Space podcast did offer up a chuckle or two.
On the one hand, Mr. Trudeau insisted his government was going to make housing more affordable for younger Canadians. On the other hand, he also declared that housing would retain its value for existing homeowners. Read more…
Historic Swiss village in B.C. saved, turned into resort
The Squamish Chief
A group of Swiss-style homes in B.C.’s interior that was on the market for just $2.3 million a couple of years ago has been turned into a resort, and is opening soon.
Edelweiss Village, located near Golden, received global attention in 2022 after a story about it being on the market for more than a year sparked interest. Around the same time, the Swiss Edelweiss Village Foundation (SEVF), a not-for-profit dedicated to saving the homes, was founded. Read more…
Demystifying Canada’s First-Time Home Buyer Incentive
Remax Blog
As Canadian real estate prices continue to climb and interest rates remain at their highest levels in more than two decades, it seems the down payment required to buy a house gets dragged along for the ride, skyrocketing to heights that are difficult or impossible to save. This is a huge challenge for first-time homebuyers who want to have their own little place to call “home.” They cut back and save, only to come to the other end and find that prices have increased yet again, and their dream is just out of reach. Read more…
The Hidden Costs of Buying Your First Home
Remax Blog
Are you buying your first home? If so, congratulations! This is a significant milestone for any family willing to begin the journey to homeownership. Many Canadians understand the benefits of owning a house, townhome, or condominium as you build equity and plant roots. As mortgage rates start to ease as the Bank of Canada (BoC) begins to cut interest rates in the coming months or years, more households are returning to Canada’s real estate market, be it major urban centres or rural communities. Read more…
A Checklist for Finding Your Next Family Home
Remax Blog
Searching for a new family home can be an exciting yet overwhelming task. With so many factors to consider, it’s important to have a clear plan and checklist to assist in navigating you through the process. Here, we’ll provide you with an introductory guide to help you find your next family home with ease and confidence. Read more…
Should I Buy a House First or Sell First?
Remax Blog
If you are a homeowner and you decide to enter the market, you’re faced with a difficult question, especially if you’ve never sold your home before. Do you buy your next home before selling? Or do you sell your current home before buying? Read more…
How to Flip a House
Remax Blog
House flipping was really made popular with several popular house-flipping television shows being broadcast daily across the country. Watch a 30-minute episode and it’s easy to see why it’s so appealing. Read more…
How Taylor Swift is Impacting the Housing Market
Remax Blog
Taylor Swift is not only a powerhouse in the music industry but also a significant cultural influencer whose impact resonates far beyond the stage. Her Eras Tour, which has grossed a record-breaking $1 billion to date, has delighted fans worldwide and significantly impacted the economies of the cities that hosted her performances, including the housing markets. Read more…
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