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A new report by RE/MAX Canada is shedding light on shifting consumer trends in home renovations and the perceived return on investment (ROI), as impacted by COVID-19 and historically tight market conditions. The RE/MAX 2021 Renovation Investment Report found that more than half of Canadians renovated their home last year for personal/non-ROI purposes, with three-in-ten (29 per cent) choosing to […]
Sustained housing price increases still outpacing the recovery in fundamental factors, such as labour income, means Canada’s national housing market remains moderately vulnerable, with more pronounced vulnerabilities in large cities and smaller centres. This analysis is according to the Canada Mortgage and Housing Corporation (CMHC)Housing Market Assessment (HMA) released today.The current HMA is based on preliminary data up to […]
BMO has issued the first in a two-part series of releases taking the pulse of first-time homebuyers and diving into their views on the Canadian housing market. While the survey shows a drop in how first-time buyers feel about market affordability amid today’s sizzling market, some regions show a different story with buyers in Western Canada feeling […]
Since the start of the pandemic, Canadians have been exploring new living arrangements including moving out of big cities in search of greater affordability and more space. A recent RATESDOTCA survey revealed that of the 12 per cent of Canadians who plan to purchase or have already purchased a primary residence since April 2020, almost a […]
A new survey by Zolo — one of Canada’s most popular national real estate marketplaces — highlights the wants and needs of today’s home buyers. There’s no denying that COVID-19 changed everything over the last year — but despite increasing health concerns and ongoing restrictions property shoppers were active in most real estate markets across Canada. Turns out the pandemic […]