Why Buying a Home in Winter is Actually Awesome

It might seem counter-intuitive, but buying a home in winter – from house-hunting, to getting all your worldly belongings from point A to point B – can actually be easier, cheaper and more convenient than any other time of the year. Here’s why the colder, darker months of the year could actually be a bright […]

Bank of Canada Makes Interest Rate Announcement

Bank of Canada’s Overnight Rate On December 9, the Bank of Canada maintained its target for the overnight benchmark rate at 0.25% As was widely expected, the Bank of Canada has maintained its key interest rate target at 0.25% after aggressively cutting it earlier this year in response to the global pandemic and its economic aftershocks. While a COVID-19 […]

Will Canadian Real Estate Prices Cool This Winter?

The COVID-19 pandemic shook the Canadian (and global) economy, causing business closures and job losses across many industries. But the public health crisis has failed to drive a stake through the Canadian real estate market – so far. Despite a slowdown at the height of the pandemic earlier this year, the nation’s housing sector has […]

Toronto Real Estate: Rental Prices Continue to Go Down

The Toronto real estate market has a reputation for being hot! Jam-packed with amenities, there are so many reasons why homebuyers and renters flock to this dynamic, metropolitan city. Yet, the COVID-19 pandemic has caused shifts for some parts of the market. For instance, no longer are certain segments eager to rent in the Toronto market, leading […]

5 Reasons Your House Is Not Selling

If you’re shopping the housing market, scrolling the daily real estate listings becomes second nature. Wake up, now what? Check the listings. Lunch break at work, check the listings. Email notification from your real estate agent? Check the listings. LISTINGS ARE LIFE. The new ones immediately catch your eye and ignite a flicker of excitement […]

Is it a Good Time to Buy a House for the First Time?

There’s no doubt that 2020 has been a challenging year for many Canadians. While health and safety parameters such as social distancing have affected the economy, real estate has continued to operate as an essential service, and appears to have weathered the storm – at least for now. Depending on your financial situation and the […]

Real Estate Terms: RE/MAX Homebuyer’s Glossary

Buying a home is a huge commitment and one of the biggest financial investments you’ll ever make. If you’ve never done this before, you can expect to get hit with a barrage of real estate terms and jargon that might leave your head spinning. Your RE/MAX agent is there to guide you through the process, but for the keeners […]

Mortgage Stress Test Changes Won’t Fix Affordability Problem

The federal government has announced changes to the OSFI mortgage stress test in 2020, which will make qualifying for a mortgage easier. However, experts expect that the changes will have little impact on housing affordability in Canada’s most-active and expensive markets. Starting on April 6, the Department of Finance will employ a new method of calculating a borrower’s qualification […]