With fewer home sales across the 53 U.S. metros measured in the report, home price appreciation continues to slow.

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October 2022 marked the third consecutive month of a decline in Median Sales Price, according to the latest RE/MAX National Housing Report. October also saw 30.7% fewer closings and 36.8% more homes for sale compared to the same time last year. And at 35 days on market, the average home took nearly a week longer to sell than it did in October 2021.


These notable metrics are a proof point of the changing housing market landscape since the onset of the COVID-19 pandemic over two years ago.


Although industry reports are revealing a continued decline in home sales,…

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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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Muskoka, the beloved heart of Ontario's cottage country, continues to captivate generations seeking solace in its serene and picturesque landscapes. Beyond its appeal as a destination for relaxation and recreation, Muskoka's allure extends to investors looking to explore potential opportunities in this vibrant region.

With its enduring popularity, relative affordability compared to the Greater Toronto Area, and the inherent beauty of quiet forest Muskoka cottages and lakeside homes, it makes sense that many people look to Muskoka for potential investment opportunities. 

So, what makes Muskoka a uniquely promising location for buying investment properties? Read on to find out more.

Flexibility and Financial Prospects

Investing in Muskoka's…

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