If you are interested in purchasing a residential property in 2021, expect that it may be slightly harder to achieve the Canadian Dream. Housing supply continues to tighten in the face of strong demand. With low interest rates, evolving consumer trends, normalizing immigration, and a recovering Canadian economy, many expect home prices to continue rising in the […]
Whether you’re purchasing a new home or want to complete a refinance of your current mortgage, it’s important to understand the role of the home appraisal and how it can impact the outcome of your mortgage application. After you submit an application, your lender may require an appraisal, which is simply an unbiased determination by an accredited […]
Home appraisals are a vital part of most real estate transactions — and it doesn’t matter if you’re planning on selling your home or purchasing one first. Either way, you’re going to encounter a home appraisal contingency at some point. And, given the importance of the home appraisal process, you should know what to expect ahead […]
If you’re on the hunt for a first home, or even settling in, you’re likely bracing for the inevitability of paying property taxes. You probably saw the annual property taxes displayed on property listings, and might be wondering who sets these rates, what purpose property taxes serve, and how tax rates are determined. Fortunately, you’re in the […]
Everyone knows not to leave cash on the kitchen counter or jewelry sitting on your nightstand before a showing but there are other things besides valuables you should think about stashing away. Thankfully, with a bit of due diligence, it’s unlikely you’ll run into any issues. With lots of visitors coming and going, you still […]
If you’ve ever visited Ottawa, you know that there are numerous world-class museums and historic landmarks to discover, including Parliament Hill and the Rideau Canal. But our nation’s capital is more than a tourist attraction. The Ottawa housing market also has a lot to offer. With a population of nearly a million people, Ottawa is […]
Now that Prime Minister Justin Trudeau and the Liberals have secured a minority government after the 44th general election, will the Grits move ahead with their plan to ban blind bidding? With the state of the House of Commons essentially unchanged from before the election, the public policy pursuit might prove to be a challenging feat for the Trudeau […]
Canadian real estate is at a critical point. Declining housing affordability due to supply shortages continues to be the biggest challenge facing Canadian homebuyers, particularly first-time buyers. To improve these challenging market conditions and help more Canadians enter into home ownership, RE/MAX Canada is calling for the newly appointed federal government to lead a collaborative national housing strategy, […]
Autumn is the golden season – the sun, the foliage, and a great time to sell your home. There are also some fall real estate market myths floating among the leaves. If you’re thinking about listing your home for sale, we dispel some common fall real estate myths and offer useful tips to help turn […]
Canadian real estate experienced a spike in interest and activity during the last 18 months, despite COVID-19 – or, as some might have it, due to it. The moratorium on travel, the rise in remote working and learning, lockdowns and general economic uncertainty have prompted many Canadians to set their sights on the Canadian housing […]