Toronto Canadian housing market

Has the pendulum in the Canadian housing market tilted toward homebuyers? This is the current debate unfolding among market analysts, real estate agents, homebuyers and sellers.

The research arm of Goldman Sachs recently dropped a bombshell of a forecast: Canadian real estate will witness the sharpest drop in the global economic downturn.

“The pandemic-induced housing boom appears to be cooling off,” the Wall Street titan wrote. “From Toronto to Auckland, a slowdown in the housing market is underway as interest rates in developed economies are set to climb rapidly.”

Indeed, it is a reasonable conversation to have after seeing some of the latest numbers being reported in the Canadian housing market, as the central…

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If you suffer from allergies, you know how a runny nose, watery eyes, and sneezing can wreak some serious havoc on your daily life, especially during the summer months when pollen, grass, and ragweed are at their peak. According to the Canadian Allergy, Asthma and Immunology Foundation, 20% to 25% of Canadians suffer from allergic rhinitis (sometimes referred to as “hay fever”). But some allergens aren’t seasonal and can cause you irritation throughout the entire year if you don’t address them at the source.

From pet dander to mould and dust, there are many indoor sources of allergens that can leave you sneezing and wheezing. The good news is an allergen-reduced home is possible, you just need to know how to minimize the most common household…

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First-Time Home Buyer Incentive

Over the last two years, a new trend has formed in many parts of the Canadian real estate market: investors accounting for a considerable portion of the broader housing sector.

Indeed, with many investors purchasing single-family homes, acquiring townhomes and scooping up condominium suites, a chance at home ownership has become a challenge for many first-time homebuyers. Moreover, in an environment with little supply, the competition for residential properties was exacerbated by individuals or corporations adding to their vast inventory of homes.

Public policymakers have tried to intervene, but industry experts maintain that the only real solution is to build more housing. Until then, it seems that the Bank of Canada’s…

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In the span of a century, no room in the average home has undergone such change as the kitchen. Once a utilitarian room tasked only with food preparation and clean-up, expanding floor space led to the introduction of the kitchen table for both work space and a place to eat informal meals. 

Today, it’s far more likely your kitchen is the central hub for social activity and transition between home and the outside world. Open-concept homes remove one or two walls from the traditional idea of a kitchen, using instead islands, pass-throughs, or breakfast bars to bring the food factory out of isolation. 

Today, the smart home concept brings the streaming world into all corners, and the kitchen is no exception. Today we look at the newest and niftiest…

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Regardless of where you’re buying or the market conditions, there’s one thing every homebuyer has in common: you have to make an offer to purchase a home. Whether you’re still in the browsing stages or have started to put your plan into action, as a prospective buyer, it is wise to do some legwork and gain insight into the process of making an offer. While your real estate agent is there to guide you, the more you know about the home-buying process, the smoother it will be. A smooth process is especially pivotal in a seller’s market, where you’ll need to act fast and take quick and decisive action when you find a property that interests you. This makes understanding how to make an offer on a house essential.

How to Make an…

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Canadian housing market questions Googled

After two years of remarkable growth in the Canadian real estate market, the housing industry is experiencing a change. Perhaps it is a path to normalization, or maybe it is a sharp correction. Whatever the case may be, it is unlikely that Canada’s housing market will continue the meteoric growth it has enjoyed since the early days of the coronavirus pandemic.

Indeed, many trends are forming in Canada: interest rates are rising, mortgage rates are going up, sales activity is slowing down, prices remain high, and supplies fail to meet strong demand. Because of this, many market participants – buyers and sellers – have questions. As a result, they are turning to Google to have their questions answered. But what exactly are…

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Canada is home to 10 provinces and 3 territories. So, why move to Newfoundland? This province is among the top options for anyone moving from within or outside Canada because of the quality of living and the exciting opportunities that await. If you’re moving to Newfoundland, this guide will help you prepare and make the transition as smooth as possible. 

Why Move to Newfoundland?

Why Newfoundland? Canada is considered one of the best places to live in the world. Therefore, you could pick any city or region in Canada and you will be able to enjoy the benefits of calling this country home. However, there are many advantages to living in Newfoundland that you should consider when planning your move.

First off, the quality of life in…

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What Are the Monthly Expenses of Carrying a Home

When prospective homebuyers are exploring the Canadian real estate market and searching for a residential property, many typically only concentrate on the sale price, monthly mortgage payments and interest rates. But this doesn’t tell the whole story. To get a more-accurate picture, and create a realistic budget, homebuyers should find out what are the monthly expenses of carrying a home.

In recent weeks, many reports have surfaced suggesting that some buyers regret their decision to buy at the height of the market, which peaked during the pandemic. While the primary concern is that housing prices have started to come down and borrowing costs have begun climbing, potentially eating away at equity, families are also worried…

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Summer is a great time to buy a home. Plants and flowers are at the height of their bloom, upping a home’s curb appeal, and the sunshine makes every property look warm and inviting. 

But let’s not forget we live in Canada and the beautiful summer weather you might experience when you first visit a home won’t last year-round. 

When visiting potential homes during the summer, be sure to keep an eye out for issues that could become problematic in the winter, as some might be easy to fix, while others may not. 

If you’re planning on taking advantage of the summer real estate market, here are some things to consider.

Photo by Dimitry Anikin on Unsplash

Benefits of buying in the summer

Aman Singh, a REALTOR® and salesperson with RE/MAX…

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Are you moving to Canada? There are many options available for your new home and the province of Newfoundland and Labrador is among the top options. This province is notable for its affordability and quality of life – something that is rare in most provinces in Canada. This guide will provide you with an insight into the cost of living in Newfoundland to help you decide if this is the ideal place to live. 

Cost of Living in Newfoundland: Overview

Newfoundland is the easternmost province of Canada. This province is considered one of the best places to live in Canada due to its affordability. The cities in Newfoundland are cheaper than living in major cities like Toronto. 

The most expensive city in Newfoundland in terms of cost of living is…

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