Found 62 blog entries tagged as Canadian real estate.

Welcome to a new year in Canadian real estate, where the landscape is as diverse and dynamic as the nation itself. As we embark on this journey together, we'll explore the latest trends, share invaluable tips, and celebrate the triumphs that await in 2024.

Overview of the Real Estate Market

The real estate market continues to evolve, influenced by a myriad of factors. From economic shifts to demographic changes, understanding the broader context sets the stage for informed decision-making. In 2024, we anticipate continued growth in certain regions, presenting unique opportunities for both buyers and sellers.

In the easternmost province of Newfoundland, the real estate market boasts maritime charm and coastal allure. With picturesque…

201 Views, 0 Comments

Read Full Post

Selling a home is often a complex process, especially when it comes to assessing the offers you receive. Every offer carries its own set of components, conditions, and terms, making it crucial for sellers to effectively evaluate each proposal. Properly assessing these offers ensures that sellers make informed decisions that align with their financial goals and needs. Understanding the various aspects of an offer is paramount in making the right choice.

Evaluate the financial aspects

Assess the Offer Price

The cornerstone of any offer is the proposed price. When evaluating this, it's essential to compare the offer against the market value of your property. Conduct thorough research on recent comparable sales in your area. Is the offer…

164 Views, 0 Comments

Read Full Post

The journey of buying a home is an exciting but often challenging process. While it can be a rewarding experience, it's not without its fair share of obstacles along the way. At RE/MAX Infinity, we understand that these hurdles can be discouraging, but with the right guidance and a comforting hand to hold, you can overcome them. In this article, we'll discuss some of the common issues that arise during the home buying process and offer insightful tips to help you tackle them head-on.

Rejected Offers

It's not uncommon for potential buyers to face rejection when making an offer on a house. This rejection can leave you feeling disheartened, but remember that it's a part of the process. The key is to stay patient and persistent.

Tip: Before…

262 Views, 0 Comments

Read Full Post

In the world of Real estate, understanding property values is crucial whether you're a homeowner looking to sell, a buyer eager to make a smart investment, or a real estate professional guiding clients through the process. Two essential tools that come into play when assessing property values are home appraisals and current market assessments (CMAs). While they may seem similar on the surface, these two approaches have distinct purposes and methodologies, each serving a unique role in the real estate landscape in Canada.

In this blog post, we'll delve into the intricacies of home appraisals and current market assessments, shedding light on their differences, how they are conducted, and why they matter to both buyers and sellers in the real estate…

391 Views, 0 Comments

Read Full Post


When it comes to purchasing a home, understanding the ins and outs of mortgages is paramount. In Canada, the mortgage landscape is influenced by various factors, including regulations set by the Canada Mortgage and Housing Corporation (CMHC). In this guide, we'll take you through the steps to kickstart your mortgage journey, how to prepare in advance, and how to ensure you're financially poised for success.

Starting Your Mortgage Journey

Educate Yourself

Begin by familiarizing yourself with the basics of mortgages, interest rates, and terms. Understanding different types of mortgages, such as fixed-rate and variable-rate, empowers you to make informed decisions.

Calculate Affordability

Use online calculators to estimate how much you…

326 Views, 0 Comments

Read Full Post

Selling a home is a significant decision that involves various complexities. In recent years, some homeowners have considered listing their properties "For Sale By Owner" (FSBO) as an alternative to traditional real estate methods. While this approach may seem enticing due to potential cost savings, it comes with its share of challenges and risks. In this blog post, we will explore the pros and cons of choosing FSBO in the real estate market, highlighting the importance of understanding the intricacies involved in selling a property independently.

The Pros of FSBO

Cost Savings:

One of the primary reasons homeowners opt for FSBO is to avoid paying real estate agent commissions. By handling the sale themselves, sellers believe they can save a…

435 Views, 0 Comments

Read Full Post

selling in a balanced market

Here is something you may not have heard in a while: the Canadian real estate market is inching closer to balanced market conditions.

That’s right. After the buying frenzy in 2020 and 2021, Canada’s housing sector significantly cooled off in 2022, driven by the Bank of Canada (BoC) raising interest rates, which resulted in market uncertainty and many prospective buyers sitting on the sidelines. This allowed for overheating real estate market to get doused by eliminating the easy money era of the last few years.

Of course, one of the primary developments in all of this has been the shift away from the red-hot seller’s market.

According to the RE/MAX Canadian Real Estate Outlook 2023 report, 60 per cent of regions in the…

390 Views, 0 Comments

Read Full Post

Real estate experts have been predicting how the Canadian housing market will fare in 2023 since the beginning of 2021. With current trends pointing towards a steady increase in home sales, it’s no wonder that many are eager to know what the future holds. With new trends and economic shifts, the landscape of home sales can be difficult to predict. In this blog post, we'll take a closer look at why home sales are expected to continue to rise over the next few years, and what buyers and sellers can expect from the markets in 2023. 

How We Got Here 

Before we can look into the future, it’s important to understand how we got here. The Canadian housing market has seen an unprecedented surge over the past year due to both COVID-19 safety measures and…

525 Views, 0 Comments

Read Full Post

Canada's most affordable housing markets

For the first time since the early days of the COVID-19 public health crisis, residential property prices are coming down in the Canadian real estate market. Whether you call it a correction or a downturn, prospective homeowners might be finding housing affordability options across the country.

According to the Canadian Real Estate Association (CREA), national home sales tumbled 3.3 per cent month-over-month in November, and average prices declined 4.4 per cent year-over-year to $632,802. When the Greater Toronto Area and the Greater Vancouver Area are removed from the equation, the national average price is slightly more than $500,000. This is way down from the peak of more than $800,000 earlier this year.

But while…

574 Views, 0 Comments

Read Full Post

how to make a low ball offer

Could the Canadian housing market be in store for the return of the low-ball offer? While this buying strategy became all but extinct given the heated housing market in the last couple of years, rising interest rates have caused many markets to cool, and shift from strong seller’s markets to more balances, or even tilted in favour of buyers.

What is a Low-Ball Offer?

A low-ball offer is when a prospective homebuyer makes an offer to purchase a home that is below the asking price.

When Should You Make a Low-Ball offer?

Low-ball offers are more common in a buyer’s market, when there are more listings than there are buyers, and competition is not a factor. Another common scenario for low-ball offers is when looking to…

536 Views, 0 Comments

Read Full Post