Commercial real estate trends shifting toward purpose-built rentals: Re/Max report

The Squamish Chief

TORONTO — An analysis of 12 of the largest Canadian commercial real estate markets shows developers have shifted their focus toward purpose-built rental construction, some at the expense of new residential condominiums and commercial buildings.

Re/Max Canada's 2024 Commercial Real Estate Report, which examined the dozen markets during the first quarter of this year, said multi-family and industrial real estate were the top-performing asset classes in all cities. Read more...

Younger homeowners more likely to be financially stressed: survey

Western Investor

Roughly six in 10 Canadians with a mortgage are financially stressed, with younger homeowners more likely to be under pressure.

In a new Leger survey, 68 per cent of respondents between 18 and 34 years of age with a mortgage say they are very or somewhat financially stressed about their mortgages, compared with 62 per cent across all homeowners. Read more...

Top 5 Benefits of Downsizing Your Home After the Kids Move Out

Remax Blog

As your kids grow up and start their own lives, you might find yourself at a crossroads. If you’re a Canadian Baby Boomer, born between 1946 and 1964, now could be the perfect time to think about whether to stay in your current home or move to a smaller place that’s easier to manage. The equity you’ve built up in your home over the years can give you a real financial boost, allowing you to reshape your lifestyle without having to tap into your savings or rack up new debt. Let’s take a closer look at the benefits of downsizing in your retirement years. Read more...

Boosting Your Home’s Curb Appeal for a Summer Sale

Remax Blog

The way your home looks from the street—including the landscaping, paintwork, and overall vibe—signals to potential buyers what they might find inside. If the exterior looks neglected or outdated, buyers might not bother to check out the inside, even if it’s beautifully updated. A well-maintained exterior not only invites buyers to look further but also shapes their perception of the home’s value. Read more...

Want to Buy a Cottage? Here’s What to Keep in Mind

Remax Blog

When you’re admiring a marshmallow roasted to gooey perfection in front of a crackling campfire or sitting on a dock in the thralls of yet another firey orange sunset, it’s easy to wonder why you shouldn’t buy a cottage of your own, so you can fill up your memory with more of the joyous moments that come from living the cottage life. Read more...

The Top 5 Features to Look for In Your Next Home

Remax Blog

Diving into the hunt for a new home can be a bit daunting. Buying a house is a big deal—not only does it come with a hefty price tag, but it’s also a decision you’ll live with for a long time. You definitely want to end up feeling happy with your choice. Picking out a home is personal. Read more...

The Pros and Cons of Keeping Your First Home as a Rental Property

Remax Blog

Whether you are increasing your family size or desiring to flee the city, there are many reasons why households typically uproot their households. But this also leads to another interesting question: What should you do with your current home? Read more... 

What Empty Nesters Should Look for in Their Next Home

Remax Blog

So, you’ve reached that point where the kids have all grown up and moved out, and you’re finding yourself with a bit more space and freedom than before. It’s quite a milestone, isn’t it? Many folks in your shoes start thinking about what’s next and how to make the most of this new chapter. You’re not alone if you’re eyeing a lifestyle that’s a bit more streamlined and focused on what you really enjoy. Read more...

The Hidden Costs of Selling Your Home: What You Need to Know Before Putting Your Home on the Market

Remax Blog

The mortgage market is expected to have reached its peak. A chorus of economists, industry experts, and market watchers believe that the Bank of Canada (BoC) will cut interest rates this year, allowing the conventional five-year fixed-rate mortgage to ease toward four percent, down from the six percent the Canadian economy has witnessed in the last several months. Read more...

2024 RE/MAX COMMERCIAL REAL ESTATE REPORT

Remax Blog

Strong population growth and housing supply issues have prompted a significant shift in the Canadian commercial real estate market as builders and developers adopt an “all-hands-on deck” approach to solving Canada’s housing shortage. Read more...