Condominium Market Share Continues to Climb in Major Canadian Real Estate Markets, as More Buyers Seek Affordable Housing Options

Double-Digit Increases to Rental Rates Spark New Wave of Condo Buyers in Alberta

  • Buyers from British Columbia and Ontario continue to be active in Alberta’s condominium market.
  • The lion’s share of condominium activity is occurring at lower price points. In Toronto, for example, the bulk of condominium apartment sales now hovers in the $500,000–$700,000 range, down from $600,000–$800,000 earlier in the year.
  • Condominium markets are losing inventory to an attractive rental market, as would-be sellers simply opt to lease their units long-term.
  • Competing offers are still occurring in areas such as…

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RE/MAX Canada Network expects Canadian housing market prices to decrease 2.2 per cent this fall

  • RE/MAX brokers and agents anticipate prices in the Canadian housing market to ease by 2.2 per cent this fall, due to high inflation, rising interest rates and economic uncertainty
  • Rising interest rates have prompted 44 per cent of Canadians to temporarily shelf their home-buying aspirations, while 34 per cent say they won’t hold on purchasing a home for the foreseeable future
  • Recession worries have impelled 41 per cent of Canadians to wait to purchase/sell their home in fall 2022

Toronto, ON and Kelowna, BC, September 28, 2022 – RE/MAX brokers and agents are anticipating the national average residential sale price in the Canadian housing…

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The newly released RE/MAX Canada report found that inventory levels in major Canadian real estate markets have been dwindling over the past decade, with active listings in July running below the 10-year average in almost all markets surveyed based on Canadian Real Estate Association data and insights from the RE/MAX network. This, despite softer overall real estate activity, according to a report released today by RE/MAX Canada. Read the full report to learn more, and share with your clients to keep them informed.

 Key Findings

  • In analyzing the 10-year July average in the decade spanning 2003 and 2012, several Canada real estate markets experienced more active listings than in the most…

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Halloween is right around the corner, and with that, several exciting and spooky events in the Muskoka area to celebrate the festivities, perfect for bringing the entire family or even friends out to enjoy. 

Since the Muskoka area sets the perfect stage for the Halloween holiday, including the beautiful fall setting the area has to offer with a sea of orange, yellow, and red trees, why not take the perfect opportunity to enjoy the picturesque views and the Halloween season?

Muskoka is brimming with countless charming towns and gorgeous lakes, this makes the area perfect for endless opportunities to show off what the region has to offer in its autumn festivities, which is what this list we've come up with is going to be made up of. 

Deerhurst…

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Winter is coming, and with it, harsh weather conditions and all the more possibility of your cabin facing rough conditions which could impact the overall quality of the cabin itself or even damage it. 

Either way, you'll want to find your cabin in as great of a quality as possible for the upcoming spring season. That way, you won't have to do nearly as much upkeep as you normally would if you didn't take the necessary precautions before winter hits. 

Taking extra steps to ensure your cabin is foolproof for the harsh Canadian winters is a great idea towards taking those weekends off, or coming back to a gorgeous cabin in the spring almost exactly the way you left it. 

We've come up with a list of steps that are crucial to the maintenance of your…

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