Real Estate News

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Has the Canadian Real Estate Market Peaked?

In recent months, the consensus has been that the Canadian real estate market may have reached its peak. Some markets continue to enjoy record-breaking gains. Still, the broad-based trends spotlight a crucial development: the sector may be returning to some semblance of normalcy during these uncertain times. Will this finally give young Canadians hope that they can attain the dream of home...

Canadian Real Estate Prices May Ease in 2021.

Canadian real estate continues to make headlines for its strength and resilience in the face of COVID-19, and increasingly for the obstacles preventing homebuyers from entering or moving up in the market. A question on everyone’s lips right now is, how long can this current rate of price growth continue? In the face of record-low housing inventory and rising demand across the country, it seems there’s...

Crush Real Estate Penticton

RE/MAX Canada releases insights in key global markets amidst the COVID-19 crisis.

Canadian Real Estate Market Sentiment 56 per cent of Canadians who are planning to engage in the real estate market say they expect to do so within less than a yearAlmost half (44 per cent) of Canadians believe that the real estate market will bounce back to the strength it was before COVID-19 by 202129 per cent of Canadians believe that before the end of 2020, the Canadian housing market will return...

Crush Real Estate Penticton

Canadian Real Estate and the New Mortgage Rules.

Canadian real estate has been a tough nut to crack for some homebuyers, and those with less than 20 per cent as a down payment now face another challenge, with Canada Mortgage and Housing Corp.’s (CMHC) tighter qualification rules for borrowers of high-ratio mortgages. This move is in response to the global pandemic that has left many Canadians vulnerable. The changes, which include lower debt...

Crush Real Estate Penticton

Why is Real Estate an Essential Service?

With social distancing advisories and non-essential business closures in place, many people – some realtors included – are scrutinizing whether real estate is an essential service as it has been classified in many regions across Canada and the US. Those who argue against the essential classification are coming from a good place, with hopes that more-stringent lockdowns will stop the spread of...

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