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Canadian Real Estate: Is Your Home Making More Than You Do?

Thursday Apr 22nd, 2021

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How hot is the Canadian real estate market right now? It is skyrocketing so much that the Canadian Real Estate Association (CREA) is projecting that the housing market is poised to post record highs again this year. According to the association, more than 700,000 properties will change hands in 2021, up from 551,262 last year. The national average home price will surge by an annualised rate of 16.5 per cent to $665,000 this year. All this is because demand is exceeding... [read more]

Home Renovations That Buyers Want, According to RE/MAX Brokers

Monday Apr 19th, 2021

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What are the home renovations that buyers want to see on the market? It’s a great question, and one you’ve likely pored over if you’re preparing to list your home for sale in the near future, or you’re embarking on a renovation with a thought to long-term resale value. According to the 2021 RE/MAX Renovation Investment Report, more than half of Canadians underwent a home renovation for personal/non-ROI purposes, with 29% choosing to renovate for non-essential... [read more]

Canadians invest in home renovations to improve quality of life, not to add value in current Canadian real estate market

Wednesday Apr 14th, 2021

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Challenging Canadian housing market conditions put additional importance to home renovations since the start of COVID-19, both for those looking to stay and those selling More than half of Canadians renovated their home in 2020 with the intention of living in it, with 29% renovating to enhance their lifestyle for non-essential reasons (aesthetic and/or recreational purposes) and 29% doing so for essential reasons (safety and maintenance) Only 16% of Canadians said they renovated to... [read more]

Will We See the Recovery of the Toronto Condo Market in 2021?

Friday Feb 12th, 2021

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In 2020, the unthinkable occurred: the red-hot Toronto condo market experienced an unforeseen downturn. For the first time since the Great Recession, condominiums in North America’s fourth-largest city took a rest after more than a decade of tremendous growth. While Toronto’s detached and semi-detached segments of the housing market performed well, units in the sky suffered a setback – something that nobody would have envisioned at the start of the year. A... [read more]

Rent Discounts in Toronto Real Estate: Another Symptom of 2020?

Tuesday Jan 19th, 2021

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A year ago, the monthly rent for a typical one-bedroom apartment or condominium in the Toronto real estate market was among of the highest in the world. Supply was limited, vacancy rates were low and demand was strong. What a difference a year makes, showing just how quickly a lucrative market can change almost instantly. For the first time in what seems like forever, renters in North America’s fourth-largest city received a reprieve from rising rents, in what some people are calling... [read more]

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