Author: homegoal.ca
— We take our content seriously. This article was written by a real person at BREL. That congratulatory bottle of champagne you put on ice? Don’t open it yet. In a more balanced market like the one we’re experiencing in Toronto, it’s normal for sellers to receive offers that are ‘conditional’ on the buyer meeting specific requirements, like getting financing or a home inspection. Most buyers satisfy and waive their conditions within a week, and the sale moves forward. But sometimes…the buyer walks away. When it happens, it can feel like the rug has been pulled out from under you.…
Re/Max Canada’s decision to settle the Sunderland and McFall class-action lawsuits represents a major development in the Canadian real estate industry. The lawsuits challenged traditional commission structures, alleging that sellers were unfairly required to compensate buyer brokers, thus inflating costs and limiting competition. With Re/Max agreeing to a $7.8-million CAD settlement, the industry is left wondering what’s next and whether further settlements or legal challenges will follow. Looking south of the border, the Sitzer/Burnett case in the U.S. offers a glimpse of what could be in store for Canada. That landmark antitrust case led to over $1-billion in settlements, policy…
Investing in snowfront properties in Canadian winter destinations offers an enticing blend of lifestyle benefits and strong investment potential. These properties are not only gateways to world-class winter sports and scenic mountain landscapes but also represent a unique asset class that demands careful consideration. When considering such a purchase, buyers must weigh location-specific factors, market dynamics, regulatory restrictions, property features, and long-term financial implications. Location and Destinations Canada’s mountainous regions have long been a magnet for winter sports enthusiasts and investors alike. Renowned areas such as Whistler, Canmore, Mont Tremblant, and others each have a distinctive character but offer unparalleled…
On February 27, Ontarians will flock to voting booths across the province to cast their vote on who should be the next premier. Top of mind will be issues like taxes, transportation, healthcare, and other social infrastructure, but arguably the most pressing issue will be housing. With the average cost of a house well out of reach for many who call Ontario home, rents still lingering at historic highs despite recent easing and a host of other forces driving the lack of affordability, such as high development charges, restrictive zoning, and labour shortages, its an issue many hope to see…
Canadian real estate markets kicked the year off with exceptionally weak demand. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) slipped in January. Despite a host of measures to stimulate buying, the demand measures continued to erode as sellers significantly outpaced buyers. The issue has the county’s largest markets showing some of the weakest demand on record. The Sales To New Listings Ratio The SNLR is an industry-preferred indicator of fundamental demand, and does exactly what one would think it does; it’s the ratios of homes sold to homes newly listed for sale. A…
Looking for a home in Vancouver without breaking the bank? While the city is known for its high real estate prices, there are still plenty of hidden gems under $1M that aren’t condos. These four townhouses offer the perfect balance of affordability and charm. Whether you’re a first-time homebuyer or just looking for a change of scenery, these homes deserve a spot on your radar. Listed by: Nu Stream Realty Inc. Listed by: Nu Stream Realty Inc. Property Details: Townhouse 1 beds, 1 bath, 1 parking Walk score 86/ Transit score 83/ Bike score 84 Welcome to this charming two-level Infill home…
Housing ranks as the #1 election issue among generation Z and millennials Ontario voters are heading back to the polls this week, and once again housing affordability is front and centre. According to a recent Royal LePage® survey, conducted by Hill & Knowlton,1 69% of adults in Ontario say that a party or candidate’s position on tackling the current housing supply and affordability crisis will influence their vote. Not surprisingly, that figure is even higher among the younger generations (72% of generation Z and 75% of millennials), renters (73%), and those planning to purchase a home within the next two…
Hong Kong (Canva) Word is that during China’s property boom, real estate companies were gifting Mercedes-Benzes to salespeople as bonuses. That’s over. Today, agents in China are struggling, despite the country having the world’s largest real estate market, one of the top economies, a relatively low cost of living compared to western societies, and a homeownership rate that’s among the highest on the planet. The burst of the housing bubble Following a decades-long era of galloping urban development and speculative frenzy, China’s housing market began an epic crash-and-burn several years ago, sparked by the pandemic and the…
The Canada Mortgage and Housing Corporation (CMHC) MLI Select Program is a transformative initiative that has significantly altered financing for multi-unit residential properties in Ontario, as well as across Canada. Created to encourage affordable, accessible, and energy‐efficient housing, the program provides investors and developers with enhanced loan terms that include high loan-to-value (LTV) ratios, extended amortization periods, and reduced mortgage insurance premiums. For Ontario real estate investors, whether entering the rental market or expanding an existing portfolio, the program offers an unprecedented opportunity to optimize cash flow and reduce upfront capital requirements, according to Paul D’Abruzzo, a real estate coach…
Tax season may stir up a feeling of dread, but it is one of the inevitabilities of being Canadian, and today — Monday, February 24 — is the first day to file your 2024 tax return online. Some dates to keep in mind this year: The deadline to file and pay any taxes owed is April 30, 2025, or June 15 if you, your spouse, or your common-law partner are self-employed. However, even those eligible to file in June should pay any taxes owed before April 30 to avoid interest, according to the Canada Revenue Agency. (More information on interest…