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...

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...

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....

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...

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 Ever scrolled through a listing and been bemused by photos including outdated furniture, empty rooms or wild wall colors?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...

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...

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...

Canadian real estate market sees higher share of condos in 2021, in wake of rising detached housing values; affordability shifts demand for condominiums into high gear in 2021. Staggering gains in detached housing values have sent condominium sales soaring throughout the first eight months of 2021 in major Canadian real estate markets, according to a new report by RE/MAX Canada The RE/MAX...

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...

Canadian housing market expected to remain strong this fall, despite Delta variant, say RE/MAX brokers and realtors Young families driving demand for single-detached homes in cities across the country Canadian housing market prices are anticipated to increase by 5% in the remaining months of 2021, according to RE/MAX brokers and agents. 26/29 major Canadian housing markets analyzed are...