Market Conditions

10 Places Where You Can Get a Home for Under $200,000

Posted on Jul 25, 2022 in Market Conditions

Where to buy home under $200,000

The average sales price for a home in the Canadian real estate market is around $740,000. Even when Toronto and Vancouver are removed from the equation, house prices are still more than $600,000. But believe it or not, there are still some places where you can buy a home for under $200,000.

When the down payment, land transfer taxes, and the plethor...

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The 6 Best Places to Buy Real Estate in Alberta in 2022

Posted on Jul 20, 2022 in Market Conditions

Medicine Hat Alberta real estate

Soaring home prices across Canada can be worrying to some real estate investors. However, while places like Toronto and Vancouver have reported record highs, many markets in Alberta have risen more moderately. Here are some of the best places to buy real estate in Alberta, if you’re in the market.

6 best places to buy real estate in Alberta in 2022...

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Things To Consider in the Face of Rising Interest Rates

Posted on Jul 06, 2022 in Market Conditions

Things to Consider in the Face of Rising Interest Rates

The Bank of Canada (BoC) has said it will be use its monetary policy to tamp down inflation, which currently sits at a 30-year high, joining the chorus of central banks worldwide trying to grapple with the rapidly escalating cost of living. So far this year, the BoC has already moved forward with rising interest rates three times, and Governor Tiff...

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Owning Is More Affordable Than Renting in Most of Canada

Posted on Jun 08, 2022 in Market Conditions

woman wondering is it better to buy or rent a home

Is it better to buy or rent a home in today’s sizzling real estate market?

Because the barrier to entry in Canada’s housing sector has intensified over the last couple of years, many prospective homeowners have given up on the dream of homeownership, choosing to maintain their renter status. Even when they save enough for a down payment, the minimum...

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How Sellers Win When Housing Inventory is Low

Posted on May 02, 2022 in Market Conditions

How sellers win when housing inventory is low

A recent report from the Canadian Real Estate Association (CREA) revealed that two-thirds of the nation’s housing markets are slanted in favour of sellers. With supply failing to keep up with demand, this could be the top trend for the foreseeable future.

For years, housing development has been tepid, resulting in supply falling short of demand leve...

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How Will Higher Interest Rates Impact My Mortgage?

Posted on Apr 27, 2022 in Market Conditions

* How Will Higher Interest Rates Impact My Mortgage

How will higher interest rates impact my mortgage? It’s a question more homebuyers and homeowners are asking, in the wake of the Bank of Canada’s recent interest rate hikes. We consider many variables in life before making any big decision, and one of the most important ones to think about when buying a home is the current state of interest rates...

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