Blog
Canadian Mortgages Hit 2 Trilllion
According to the latest report from Canada Mortgage and Housing Corporation (CMHC), residential mortgage debt in Canada reached $2.08 trillion in January, marking a 6% increase compared to the previous year. While inflation and higher interest rates had an impact on...
New Housing Outlook
Recent polling conducted by Bloomberg and Nanos Research indicates a significant improvement in Canadians' outlook towards the housing market over the next six months. According to the data, Canadian consumer confidence remains in positive territory, with a notable...
Trouble Coming For Homeowners?
The Bank of Canada has expressed concern regarding households' ability to withstand the impact of rising borrowing costs, as an increasing number of individuals rely on credit cards to manage their debt burdens. In its annual Financial System Review, released...
Ready to Buy PEI Real Estate?
Buying a home is a significant milestone in one's life. It symbolizes stability, investment, and the fulfillment of the proverbial "American dream." However, before taking the plunge into homeownership, it is essential to assess your readiness and evaluate various...
PEI Real Estate Condition Based on Age of Build
Prince Edward Island (PEI), located on the eastern coast of Canada, boasts beautiful landscapes and a rich cultural heritage. As the island continues to evolve, it is crucial to assess the condition of its dwellings to ensure comfortable and safe living spaces for its...
Stratford PEI Real Estate April 2023 Stats
The real estate market has been through some ups and downs in the past few years. Let's take a look at the statistics from April 2013 to April 2023 to get a sense of the trends. Starting with sales activity, in April 2013, there were 16 sales, which increased to 28 by...
Recreational Real Estate PEI
The Cottage Trends Report for 2023, recently released by Re/Max Canada, indicates that Generation X is now the driving force behind recreational property transactions in Canada, leading activity in 91 per cent of surveyed regions. While historically retirees,...
Interest Rate Direction
Newly released figures from Canada's national statistics agency indicate that the country's labor market remains robust, with 41,000 jobs added in April, more than double the figure anticipated in a recent Bloomberg survey. This marks the eighth consecutive month of...
PEI Real Estate April 2023 market update
According to the MLS® Statistical Report released by the Prince Edward Island Real Estate Association, there was an increase in home sales in April 2023. However, it is important to note that this was a decrease of 20.6% compared to April 2022, with home sales being...
Real Estate Changes on PEI (and the world)
The real estate industry has seen significant changes in the past few decades, from the rise of online listing platforms to the emergence of virtual and augmented reality tools for property viewings. But what does the future hold for this crucial sector of the global...