More than half of Canadian mortgages will renew before the end of 2026, and with the Bank of Canada lowering its key interest rate from 5.0% to 4.75% on June 5th, many homeowners are now wondering which mortgage type they should opt for upon renewal — a fixed or variable rate. Understanding the options available
Although the desire to become a homeowner remains strong for many Quebec renters, their intentions to buy are hampered by a number of factors. For the province’s renters, rising property prices, the increase in interest rates over the past two years, and the lack of available properties that makes the market highly competitive for buyers
It appears Canadian home buyers have hit the snooze button on coming out of hibernation. When comparing the amount of homes sold in April to March, the number of transactions was down 1.7%. When looking at year-over-year comparisons, home sales were up 10.1% in April 2024 compared to April 2023, but as always, it’s important
Despite rising inventory levels, many of Canada’s homebuyers have remained on the sidelines this spring, resulting in more balanced, less feverish market conditions this past month. According to the latest market report from the Canadian Real Estate Association (CREA), home sales across Canadian MLS Systems dropped 1.7% month-over-month in April, 2024. Actual monthly activity came
Opening your cottage or cabin in the spring is a task many homeowners look forward to. With summer fast approaching, it’s time to prepare for another season of relaxation and fun away from the city. To ensure that everything runs smoothly, following a detailed checklist is essential. Here’s our top 10 list of tasks to
On Tuesday, April 16th, the Canadian federal government unveiled the 2024 budget. The annual fiscal announcement detailed dozens of new and ongoing initiatives aimed at creating new housing, along with policies targeted at making renting and home ownership more affordable for Canadians. Here are eight standout housing policies announced in this year’s budget: Canadian Renters’
Royal LePage® expects real estate demand to pick up in Quebec’s resort markets, as lowering of interest rates becomes imminent. As the first buds timidly announce the arrival of spring, there’s a buzz in the air – the cottage market rush. This time of year awakens not only nature, but also the aspirations of those
More and more, people are adopting greener lifestyles, whereby daily choices are made to significantly improve not only personal well-being, but the health of the planet too. Homeowners are embracing the eco-friendly movement by making conscious decisions about the products they bring into their homes. This includes cleaning supplies, as they are known to contain
Good news! The government has earmarked $52.8 million over the next five years to improve wastewater management – and thus preserve the quality of Quebec’s waterways – not to mention our drinking water! Of this amount, $38 million is earmarked to help homeowners upgrade their septic systems. In the Quebec budget tabled on March 22,
Property prices in Greater Montreal and most Quebec regions ended 2023 on a slight quarterly decline Real estate activity to pick up rapidly in 2024 as interest rates ease 2023 closed the door on many homebuyers as their purchasing power was hampered by successive interest rate hikes made by the Bank of Canada throughout the
