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Cottage market shows record sales caused by low mortgage rates and remote work possibilities

The current pandemic is causing a change in home buyer motivation, leading to a stronger demand for rural and cottage housing. Although provincial migration has been growing, particularly in Toronto where affordability has been affected during the previous several years, the switch to remote...
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Consumer confidence grows in Canada due to more optimism at housing markets

The latest weekly survey shows that consumer sentiment in Canada has improved amid more optimistic forecast on housing market and the national economy. The Bloomberg Nanos Canadian Confidence Index saw the largest one-week increase since mid-June from 46.7 to 48.4. As a result, it...
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Canadians’ opinions on cutting CERB have split

It looks like Canadians can’t agree on whether it’s time to cut emergency benefits for those who have lost their jobs because of the COVID-19. One of the questions from pollster Maru/Blue concerned the issue of reducing the government’s spending by ending the Canada Emergency...
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New Housing Price Index shows Canada’s real estate market is strong and resilient

According to Statistics Canada’s recent report on the New Housing Price Index for June of 2020, there was a slight gain in new home prices and a potential drastic change in the geography of housing demand. The national new house prices were up by...
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What it’s like to plan open houses during COVID-19 pandemic?

Now, that people are allowed to host open houses in certain areas, there are several guidelines for them to follow amid the COVID-19 pandemic, including leaving the doors open and all the lights on. This month, the Real Estate Board of Greater Vancouver said...
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