Found 17 blog entries tagged as real estate.

Photo by Phil Hearing on Unsplash

When a loved one passes, you may find yourself the inheritor of their property. Whether you intend to keep the home or sell it, the process of handling someone else’s real estate can feel like a huge responsibility, especially on top of the other emotions you’re processing. 

Jason Heath, managing director and Certified Financial Planner (CFP) at Objective Financial Partners Inc., says more people are opting to keep their inherited home due to climbing real estate prices. Often their biggest question about inheritance centres around what to do with the property once it’s in their possession.

“I find a lot of times people inherit a home and [some] of the considerations [are] ‘Do I keep it? Do I rent it out? Do I…

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How Much Can a Renovation Add to Home Value

Spring is right around the corner, and you may be thinking about making some home improvements. You love your home, but perhaps you want something a little bigger, or a little nicer. A renovation can get you there. At the same time, remodelling certain areas of your current home may lead to a higher value when you’re ready to sell.

While certain renovations can add to the value of your home, this is not always the case. That’s why it is essential to consider how much time and money the remodel will cost, and if the return on investment (ROI) will be worthwhile.

How much can a renovation add to home value? That depends on a number of factors, but here are a few of the best home renovations to consider.

Interior…

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The housing market is highly seasonal. I’m writing this in the dead of winter. There aren’t typically a lot of listings at this time of year so, by extension, not a lot of sales, even if everything that becomes available is still selling. For that reason, many people don’t seem to pay as much attention to housing between, roughly, the start of a new school year and the following spring.

Over the last couple of years, I’ve noticed  many observers of the real estate market seem surprised in March, that the market has continued to evolve over the six or so months they hadn’t been paying attention to it.

As we head into what might be the most headline-grabbing housing year ever, this blog post is to provide an update for those who may have been…

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Canadian employers are struggling to find labor but this isn’t just reopening pains. Statistics Canada (Stat Can) data shows over one million vacant jobs in September. The common take is, this hiring boom is reopening pains as the economy grows. Further analysis of the same data set shows that might not be the case last month. Rising vacancies were met by a drop in people on payrolls, with little net change to employment. In the most recent month of data, people were just leaving the workforce faster than others could be hired.

Employers Need To Fill Over 1 Million Jobs

Canadian job vacancies have been soaring over the past few months. There were 1,014,560 vacant jobs in September, an increase of 16.4% from a month before. That’s roughly 143,560…

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RE:MAX Real Estate Agents voted #1 Most Trusted in Canada

According to Canadian consumers, RE/MAX is the brand with the #1 Most Trusted Real Estate Agents in Canada*. The results of the 2022 BrandSpark® Canadian Trust Study are based on a survey of 7,857 Canadians – one of the largest studies of its kind – to gauge their honest opinions of what brands they trust most and why. BrandSpark analyzed brands in 64 different categories, spanning Finance & Insurance, Health & Fitness, Retail & Restaurants, Telecom & Home, Travel, and Apps & Websites.

“We’re honoured to be the real estate brand that is most trusted by Canadians,” says Christopher Alexander, Senior Vice President at RE/MAX Canada. “Behind every successful real estate transaction is a foundation built on trust.”

Adds Elton Ash, Executive Vice…

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When it comes to investment properties, there’s a lot to take into consideration. Aside from the financial and tax responsibilities, finding an investment property that makes sense for your situation requires some serious soul-searching. 

It’s best to take a look at some of the pros and cons before getting into the market, as each type comes with its own set. However, there are some pros and cons that apply to every type of investment property. One pro, of course, is you’ll have a second income—always a plus. The biggest con for any investment property is you’re not guaranteed to have tenants at all times, which means that second income may not be consistent. As the landlord you’re also on the hook for any repairs or issues that need to be dealt…

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OCTOBER 22, 2021

The whole world is undergoing a housing shortage, but vacant homes are barely budging. The OECD‘s latest data drop shows 42 million of its 426 million homes are vacant. Yes, roughly one in ten homes in advanced economies are empty. There are literally years of housing supply being used as an alternative to gold.

Rather than pondering why it’s so attractive to have vacant homes, many countries doubled down on reasons to hoard. If we only build more homes and give the investors cheap money, there can be enough to hoard too, right? I mean, you almost tried, so partial points. Let’s take a look at how bad the issue has become.

Canada Has Over 1.3 Million Vacant Homes, About 6 Years Of Supply

Canada has one of the highest…

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Canadian real estate and vaccine passports

Canadian real estate experienced a spike in interest and activity during the last 18 months, despite COVID-19 – or, as some might have it, due to it. The moratorium on travel, the rise in remote working and learning, lockdowns and general economic uncertainty have prompted many Canadians to set their sights on the Canadian housing market as a safe place to spend their time and invest their money. As with most social and many transactional activities, home hunting took a digital turn, with virtual tours and digital paperwork allowing for safe, “touchless” transactions. Now, as life slowly returns to some version of its formal self, you may have noticed “open house” signs popping up again, leaving many wondering about…

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Congratulations! You’re moving into your first place and it’s time to start loading up on essentials. Figuring out the essentials for every room can be a bit overwhelming, so it’s best to take things one room at a time. The kitchen is a great place to start, since you’ll need to be nourished as you get settled in your new place.

From brûlée torches to dish drying racks, what exactly is considered “essential” in the kitchen? With hundreds of gadgets, tools, and appliances on the market it can be hard to make those decisions. Things like dishes and drinkware are the obvious choices, but there are plenty of others you’ll want to have on hand. 

Whether you’re a student moving into residence, or a young adult moving into your first apartment, this…

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Image via RE/MAX Ontario-Atlantic Canada Inc.

Real estate deals should continue through the fall and prices should increase an average five per cent across the country, according to a market survey by RE/MAX.

“As our brokers and agents predict, the fall market activity is expected to remain steady, which is promising, despite the ongoing challenges presented by the Delta variant,” says Christopher Alexander, senior vice -president, RE/MAX Canada. 

Single-detached homes experienced the biggest price gains when comparing 2021* to 2020 data, rising between 6.8 and 27.3 per cent across 26 markets surveyed in the report. RE/MAX brokers and agents expect this trend to continue into the fall, driven by strong demand by young families.

“This is…

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