Author: homegoal.ca
designed by freepik Pre-construction sales are an exciting part of the Canadian real estate market. As a real estate expert, understanding how pre-construction works can open up a world of opportunities for you and your clients. Pre-construction properties refer to homes, condos, or buildings that have not yet been built but are available for purchase. This guide will explain everything you need to know about pre-construction sales in Canada and how to manage them well. What is Pre-Construction Real Estate? Buying pre-construction real estate means purchasing a property before the builder constructs it. Buyers choose not to buy a home…
Each month, a BCREA leader shares their insights in an exclusive column for Real Estate Magazine. Is your association or board interested in contributing? Send us an email This just in: “Provincial government requires hosts to register with new short-term rental registry.” This B.C. Government announcement—which included a short deadline to sign up and, yes, a fee structure—dropped on Jan. 20, shifting those of us charged with interpreting and relaying this type of information into high gear. The announcement gave us yet another reminder: When there is a crisis in housing, no one is overlooked. When the headline announces…
Manitoba’s real estate landscape continues to evolve. Since late 2024, when the market was characterized by rapid price gains, strong sales activity, and tightening inventories, current data indicate that these trends have not only continued but have intensified. Sales remain robust, with inventory levels contracting further, and average home prices climbing from roughly $374,500 in late 2024 to about $390,000. Total Residential Market Sales During January 2025, approximately 1,000 residential properties were sold through MLS® Systems across the province. This figure represents an estimated 17% increase compared to January 2024. Although sales remain slightly below the five‐year average for the…
Saturday, March 8 marks International Women’s Day 2025, and although we don’t need an occasion to celebrate women in real estate and development, we’re more than happy to take it.This year, we caught up with Valesa Faria, who leads a team of 400 as Executive Director of the City of Toronto’s new Development Review division, and Mandy Gareh, who’s spent the past two decades in real estate marketing and recently launched an agency of her own. We also took the opportunity to highlight women from all walks of real estate and development — and from all over the country —…
When you’re thinking about selling your home, one of the key decisions you’ll face is whether or not to invest in renovations before listing it. This can be a tricky choice, as many factors must be considered. Here’s what you should think about before deciding to renovate and when doing so might help you sell your home faster and for a better price. Factors to Consider Before Renovating Before jumping into a renovation project, it’s important to understand the market you’re selling in. The current market conditions can heavily influence whether renovations will give you a good return on investment.…
designed by freepik If you’re thinking about buying or investing in commercial real estate in Canada, you may need a commercial real estate loan. Investing in commercial real estate can be a great way to grow wealth. But most people don’t have enough cash to buy a property outright. That’s where commercial real estate loans come in. These loans help businesses and investors buy, renovate, or expand commercial properties. Getting approved for a commercial real estate loan in Canada can seem difficult, but with the right steps, you can improve your chances. This guide will explain the process in simple…
Chris Guerette, CEO of the Saskatchewan Realtors Association, won’t be doing any cartwheels in anticipation of International Women’s Day on Mar. 8. Like quite a few women, she’s lukewarm about that annual day of recognition. “I struggle with the intent,” confesses Guerette. Her take is that celebrating women’s achievements should be part of everyday culture, rather than a publicity gambit trotted out one day a year. Where the world of real estate is concerned, Guerette observes, “We actually are a diverse industry. How did we get to a point where there’s so little diversity in leadership?” The industry pats itself…
The housing market in Newfoundland and Labrador experienced notable gains in January 2025 compared to the same period in 2024. Sales In January 2025, the province recorded a total of 340 home sales, which represented a 28.8% increase over January 2024, according to the CREA. This was 13.8% above the five‐year average and 42.1% above the 10‐year average for January. Price The average price of residential properties sold reached $335,448, marking a 12% year-over-year increase. Listings and Inventory There were 619 new residential listings reported, a minor decrease of 3.4% from January 2024, while the number of active listings at…
In the late-afternoon on Friday, the Hudson’s Bay Company announced that it had commenced proceedings under the federal Companies’ Creditors Arrangement Act (CCAA) to seek creditor protection, a stunning turn of events for Canada’s most historic and iconic retailer.”After careful consideration of all reasonably available alternatives, the decision to seek protection under the CCAA was made in consultation with Hudson’s Bay’s legal and financial advisors,” the company said in a press release. “While very difficult, this is a necessary step to strengthen our foundation and ensure that we remain a significant part of Canada’s retail landscape, despite the sector-wide challenges…
No news is good news—at least when looking at the headline employment data. Statistics Canada (Stat Can) data shows that both the number of jobs and the unemployment rate were unchanged in February. Looking past the headline data was less flattering, revealing that more people opting out of the workforce is the primary reason for little movement. An issue that was particularly troubling when looking at the data for young adults. Canadian Employment Unchanged, Nova Scotia An Exception Canadian employment barely budged last month, which is good news considering the environment. Seasonally adjusted employment added 1k jobs to hit 21…