RE/MAX PRESIDENT AND CEO: ‘THE MARKET REMAINS VERY ACTIVE RIGHT NOW’.

In line with seasonal trends, home sales increased over 30% month-over-month. As anticipated from the housing data presented so far in 2022, the busy spring season got off to another strong start this year. According to the most recent RE/MAX National Housing Report, March 2022 set report records for highest Median Sales Price ($360,000) and lowest Months Supply of Inventory...

A MAJOR FIRST: RE/MAX AGENTS CLOSE OVER 2 MILLION TRANSACTION SIDES IN 2021.

As announced at the 2022 RE/MAX R4 convention, agent productivity hits a new high for the network – and the entire real estate industry. RE/MAX agents closed more than 2 million total transaction sides last year, a milestone no other real estate brand has ever reached, President and CEO Nick Bailey announced at the rousing Opening General Session of the 2022 RE/MAX R4 Convention...

mortgages

What Size of Mortgage Can I Afford?

When purchasing a house, most people need a loan be able to afford the home. These loans are called mortgages. A mortgage is a legal agreement where a bank or other lender loans money and charges interest in exchange for taking the title of the borrower’s property. Upon repayment of the debt, the borrower owns the property. In Canada, to purchase a home, the buyer must first save up a down...

Crush Real Estate Penticton

EXHAUSTED BUYERS: HERE’S HOW TO REINVIGORATE YOUR HOME SEARCH.

RE/MAX agents share time-tested tips and tricks for buyers to stay motivated during their real estate journeys amid a fickle seller’s market. In many U.S. locales, the housing market is roaring. It’s great news for sellers, but perhaps less-welcomed news for buyers, who may be feeling the ups and downs of a competitive market. Angelica Olmsted, an agent with RE/MAX Professionals, says...

crush real estate penticton

How Much Do I Need for a Down Payment on a House?

Buying a house is a huge step in life and involves a lot of work and money. A down payment is an integral part of the process and will affect what type of house you can afford, your mortgage, and more. So how much do you need for a down payment on a house in Canada? Read on to learn more. What is a down payment? A down payment on a house is a lump sum that you use to purchase a home....

Crush Real Estate Penticton

No relief in 2022: Expert’s predictions for Canada’s housing market.

Sales are expected to slow next year, but only because there will be fewer homes available. An aerial view of residential buildings in downtown Toronto. People have been calling Canadian real estate’s upward trajectory “unsustainable” for almost a decade now. But if a global pandemic, followed by a recession, followed by more pandemic hasn’t been enough to cool the market, it’s...

Crush Real Estate Penticton

DOES STAGING A HOME REALLY ADD VALUE TO THE SALE?

For prospective buyers, visualization is key in determining if a house feels like home. RE/MAX agents weigh in on why staging could be a make-or-break factor in sellers receiving top dollar value. Ever scrolled through a listing and been bemused by photos including outdated furniture, empty rooms or wild wall colors? It’s the house and property that are for sale, but the existing...

Crush Real Estate Penticton

Canadian Real Estate Prices Expected to Rise 9.2% in 2022: RE/MAX.

Confidence continues in Canadian real estate market, with the inter-provincial relocation trend likely to remain strong in 2022 Migration between provinces expected to continue in 2022, potentially impacting local Canadian real estate conditions, according to 53 per cent of RE/MAX brokers (20 out of 38) 49 per cent of Canadians believe the housing market will remain steady in 2022 and view real...

crush real estate penticton

WHY YOU NEED A BUYER’S AGENT TO PURCHASE A NEW CONSTRUCTION HOME.

The idea of a customized, new residential construction house is enticing to some prospective homeowners, but the process to get there can be grueling. Working with a buyer’s agent along the way can help ensure you negotiate the best price possible and avoid setbacks. Traditional selling points like historic charm in existing homes may not seem so charming to everyone – that’s why many people...

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