Author: homegoal.ca
When real estate professionals talk about “comparable properties,” or “comps,” they’re referring to the backbone of property valuation. Whether you’re preparing a Comparative Market Analysis (CMA) for a seller or advising a buyer, comps are the essential reference points that help determine a property’s market value. But what exactly makes a property “comparable,” and are we missing something by focusing solely on the technical side of the equation? The traditional definition of a comparable property If you’ve ever taken an appraisal course or leafed through a real estate textbook, you’ll find a familiar checklist for what constitutes a…
The Prairie provinces are each seeing different trends in commercial real estate, according to June REMAX reports. These differences are driven by varying levels of population growth, infrastructure spending, policy changes, and sector-specific performance. While Alberta leads in terms of investor activity and asset diversification, Saskatchewan continues to show surprising resilience in a high-rate environment, and Manitoba displays cautious but steady growth with targeted intensification. Together, these markets show a broader shift in the region toward more diversified economies and increasing interest in long-term CRE investment. Alberta: Multifamily Surge, Industrial Powerhouse, and Retail Realignment Edmonton and Calgary continue to be…
Earlier this month, the City of Coquitlam launched public engagement on its proposed land uses in transit-oriented areas (TOAs), as it continues to work towards implementing the Province’s transit-oriented areas legislation (Bill 47). The City is taking a phased approach to implementing the legislation. The first phase entailed designating the transit-oriented areas within 800 metres of SkyTrain stations and eliminating minimum parking requirements in those TOAs. Accounting for that radius, Coquitlam has eight TOAs, pertaining to Braid, Burquitlam, Coquitlam Central, Inlet Centre, Lafarge Lake-Douglas, Lincoln, Lougheed Town Centre, and Moody Centre Station.The second and third stage will then be focused…
Summer is one of the hottest seasons, literally and figuratively, for home sales. With longer days and buyers actively searching before fall, it’s the perfect time to shine. But in a competitive summer market, first impressions are everything. That’s where smart, seasonal home staging tips can help you stand out and sell faster. Here are eight summer home staging tips that will help you attract summer buyers and sell confidently. Let in the Light Natural light is one of your home’s biggest selling points in summer. It makes rooms feel bigger, brighter, and more open when listing photos and showings.…
designed by freepik Buying an investment property in Toronto can be challenging. You might be wondering: “Is this the right time?” “Where should I start?” “Will I actually make money?” Many people feel confused and even afraid when stepping into real estate investing in Toronto. But do you know the truth? Toronto is Canada’s popular real estate market. It’s full of opportunity if you know what to look for. In this blog, you’ll learn how to buy profitable investment properties in Toronto. Also, you will learn the different ways to make money in Toronto’s real estate market. Why Invest in…
I have seriously considered this question over the last six months. My conclusion just came to me over the last few weeks when I realized my kids, who will be 17 in a couple of months, could be looking to buy their first home in the next five to 10 years. You see, my kids are at the tail end of Gen Z (1996-2012), which pretty much means they were born with a smart device in their hands. They are digital natives, raised in a world where the internet, smartphones, and social platforms weren’t just innovations, they were infrastructure. And…
With school out and the sun shining, summer is typically a hot season for the Toronto real estate market. But with economic uncertainty brought on by geopolitical conflicts, few buyers are in the mood to make the largest purchase most Canadians will make in their lifetimes.According to the Toronto Regional Real Estate Board (TRREB), sales were down 13.3% year over year in May, and the average selling price fell 4%, annually, to $1,120,879. While an improvement over the 23.3%, 23.1%, and 27.4% annual drop in sales recorded in April, March, and February, respectively, May’s numbers continue to reflect the ongoing…
Canadian rental prices eased last quarter, but they have a long way to go to normalize after the surge. Statistics Canada (Stat Can) data shows the asking price for a 1-bedroom apartment rental saw a substantial drop in Q1 2025. While the drop was sharp, it offered little relief compared to the growth seen since 2019—with cities still up to 90% higher post-decline. About Today’s Data Today we’re looking at rents from Stat Can’s relatively new Canadian Housing Statistics Program (CHSP). More specifically, we’re looking at the average asking rent of a 1-bedroom apartment rental across the country’s census metropolitan…
Canadians may have heard that Americans have greater affordability when it comes to buying a home. In many of Canada’s largest cities, this is true. Take Vancouver and Toronto, for example, where home prices are above $1 million and climbing. Home prices in similar-sized cities like Chicago and Portland are still nowhere near reaching those highs. But while Vancouver and Toronto often steal the headlines, there’s a lot more to Canada than just these two metros. Compared to similarly sized U.S. cities, several smaller Canadian cities boast lower median home prices, particularly for condos. So, where exactly can Canadians go…
(Marvin Alexander) Longtime Keller Williams Realty brokers Sunny Daljit and Marvin Alexander are moving their hundreds of Ontario agents to Royal LePage. Daljit, of Mississauga, and Alexander, of Ottawa, shared their news on Wednesday. “Through research, I was surprised by what I thought was a legacy brand. In fact Royal LePage has progressed and invested more in the past five years than any other real estate brokerage in Canada,” said a post from Daljit, who, through Keller Williams, served Mississauga and Ottawa for 22 years. “Royal LePage is worth taking a relook at for those interested in taking their…