The Voice of Real Estate

Media Newsroom

RE/MAX is your go-to-source for real estate insights, garnering over 1 billion media impressions in 2015.

Nobody sells more real estate than RE/MAX, and with nearly 20,000 RE/MAX Agents throughout Canada, our finger is firmly on the pulse of what’s happening in today’s market. It’s why major Canadian media outlets constantly turn to RE/MAX for insight into what’s happening in real estate. Our reports break down market trends in cities across Canada, while addressing hot topics and tough questions that are important to Canadians. This commitment to sharing our collective knowledge truly makes us the Voice of Real Estate.

Latest Reports

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2018 Recreational Property Report

The RE/MAX 2018 Recreational Property Report reveals that in 91 per cent of popular Canadian recreational property markets examined, retirees were the key factor driving activity. This includes established recreational regions such as Prince Edward County and Comox Valley. This is in stark contrast to last year’s findings, when retirees were a dominant driving force in only 55 per cent of markets examined. The survey found that in British Columbia, Ontario and Atlantic Canada, more retirees and soon-to-be retirees are purchasing recreational properties outside of urban centres for use as retirement homes, increasingly blurring the line between recreational and residential properties. Read more.

RE/MAX 2018 Spring Market Trends Report

2018 Spring Market Trends Report

The 2018 Spring Market Trends Report reveals that more than one in four Canadian homebuyers is feeling the effects of the stress test. Government intervention and the new mortgage rules are expected to continue playing a pivotal role in home-buying behaviour in the months ahead. Despite these factors, the spring market across most of the country is projected to strengthen as we head into the warmer months. Supply is still low in many markets, and while prices may not reach the same levels as this time last year, RE/MAX expects healthy price appreciation to continue from the earlier months of this year across many regions in the country. Read more.

2018 Luxury Property Report

The 2018 RE/MAX Luxury Property Report reveals luxury homes sales in Toronto, Oakville and Hamilton-Burlington are short of 2017’s record-breaking pace, but will still see plenty of move-up activity in 2018. The report found 76 properties over the $3-million price point sold in the GTA between January 1 and February 28, down from 180 during the same period in 2017. Homes priced $5 million plus fell 46 per cent in the GTA. Oakville reported six sales over $3 million, compared to 15 one year ago. Hamilton-Burlington saw 59 homes over $1 million sold in January and February, versus 133 in 2017. Only Toronto condominiums and townhomes bucked the trend, with eight sales over $3 million in 2018, up from five during the same period in 2017. Read more.

Decade In Review: 2007-2017

Low interest rates, population growth, investment and unprecedented equity gains all combined to spark one of the strongest decades for price appreciation in Ontario’s six largest housing markets.Between 2007 and 2017, the province’s six major housing markets experienced substantial growth despite some serious challenges that included a financial crisis and subsequent recession. RE/MAX found that housing values more than doubled in the 10-year period in the Greater Toronto Area and Hamilton-Burlington, while average price rose 81 per cent in Kitchener-Waterloo; 63 per cent in London-St. Thomas; 62 per cent in Windsor; and 44 per cent in Ottawa. Read more.

2018 Housing Market Outlook

This past year saw the single-family detached home and condo markets diverge on distinctly different paths in Canada’s two highest-priced real estate markets, Greater Vancouver and the Greater Toronto Area (GTA). The trend is expected to continue into 2018 as a mix of relative affordability for condo units and price appreciation for detached homes in recent years, combined with government policy changes in both markets, has helped push an influx of buyers toward condo ownership. The RE/MAX 2018 average residential sale price expectation for Canada is an increase of 2.5 per cent as the desire for home ownership remains strong, particularly among Canadian millennials. Read more.

2017 Commercial Investor Report (Western Canada)

Both Calgary and Edmonton saw strong year-over-year increases in total dollar value of commercial property sales during the first half of 2017 as a result of the ongoing stabilization of the oil sector. In contrast, total dollar value of commercial real estate sales in Greater Vancouver declined by 37.5 per cent during the second quarter, indicating a return to market activity at levels seen prior to 2016, which was a year of record-setting activity. Winnipeg’s commercial market remained strong with high demand across almost all property types, while Regina and Saskatoon slowed due to the ongoing downturn in the commodity sector….read more.

2017 RE/MAX Recreational Property Report

As real estate prices remain high in Canada’s urban centres, young families are looking for unique ways to finance their dreams of recreational property ownership. In a recent survey conducted by Leger, more than a quarter (28 per cent) of Canadians with children under the age of 18 indicated they would consider selling their primary residence in the city in which they live in order to purchase a cottage, cabin or ski chalet. Other options that these potential buyers are willing to consider include fractional ownership in a shared property, purchasing a recreational property with a friend or family member, and renting out the recreational property they purchase on a vacation rental website such as AirBnB…read more.

2017 RE/MAX Spring Market Trends Report

Significant price increases and high demand in The GTA during the first quarter of 2017 spurred growing numbers of buyers to leave the downtown core. These buyers are looking for greater affordability in markets across southern Ontario and are driving price appreciation in Mississauga, Brampton, Durham, Barrie, Hamilton-Burlington, Windsor, and as far away as Kingston.At the same time, housing demand has slowed in Greater Vancouver compared to Q1 of 2016, and the average residential sale price decreased 11 per cent year-over-year, from $1,094,936 in the first quarter of 2016 to $969,900 in 2017…Read More

2017 RE/MAX Housing Market Outlook Report

The average residential sale price increased 13 per cent in Greater Vancouver to approximately $1,020,300 and rose 17 per cent in the Greater Toronto Area (GTA) to an estimated $725,857. Although demand remains high in both urban centres, limited inventory in the freehold market, the new 15 per cent foreign-buyer tax in Vancouver and the recent tightening of mortgage rules by the federal government are expected to soften market activity in the short term…Read More

2016 Commercial Investor Report (Western Canada Edition)

Much of Western Canada continued to experience slower market activity in the first half of the year, as regional economies continued to recover from the downturn in the oil sector. However, in B.C.’s Lower Mainland, activity was brisk and prices continued to increase significantly in the commercial property market…Read More

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2016 Recreational Property Report

As real estate prices rise, many Canadians are looking for alternative ways to finance their dreams of cottage or cabin ownership. In a recent survey of RE/MAX agents and brokers, more than half reported seeing an increase in buyers who planned to rent out their property full- or part-time. In a separate survey of Canadians, conducted by Leger, nearly 60 per cent agreed that due to the emergence of popular, user-driven vacation rental websites, it is easier for an owner to rent out an investment property today versus five years ago…Read More

2016 spring market trends square

2016 Spring Market Trends Report

Vancouver and Toronto continued to see significant price appreciation in the first quarter of the year. Greater Vancouver’s average residential sale price in the first quarter of 2016 rose 24 per cent, and the Greater Toronto Area, the average residential sale price during the first quarter rose 14 per cent. Outside of Vancouver and Toronto, surrounding regions continue to experience a spillover effect as buyers move farther out in search of affordable single-family homes…Read More

Housing Market Outlook 2016

Low inventory in High demand and low supply continued to characterize Vancouver’s and Toronto’s housing markets throughout 2015 as competition from buyers over the limited inventory of single-family homes pushed prices higher. The average residential sale price increased 17 per cent in Greater Vancouver and 10 per cent in the Greater Toronto Area, to approximately $947,350 and $622,150, respectively. As demand shows no signs of waning, these markets are expected to continue to see price appreciation in 2016, of seven per cent in Greater Vancouver and five per cent in the Greater Toronto Area…Read More

Reports 2015

Low inventory in High demand and low supply continued to characterize Vancouver’s and Toronto’s housing markets throughout 2015 as competition from buyers over the limited inventory of single-family homes pushed prices higher. The average residential sale price increased 17 per cent in Greater Vancouver and 10 per cent in the Greater Toronto Area, to approximately $947,350 and $622,150, respectively. As demand shows no signs of waning, these markets are expected to continue to see price appreciation in 2016, of seven per cent in Greater Vancouver and five per cent in the Greater Toronto Area…Read More

Low inventory in Vancouver and Toronto continue to drive prices as buyers find themselves in competition over the low supply of single-family homes. The average residential sale price in Toronto and Vancouver at the end of the first quarter grew 8 per cent and 7 per cent, rising to $594,827 and $874,869, respectively. In both markets, first-time buyers find themselves in competition with downsizers and investors with more resources to outbid. Condominiums are the only affordable option for many local residents looking to enter the market…Read More

In a recent poll conducted by RE/MAX, almost 68 per cent of Canadians were found to prefer to spend a long weekend at the cottage or cabin over a big city getaway. The low Canadian dollar is having a positive effect on local recreational property markets as Canadians are choosing to stay in Canada where their dollar will go further. The recreational property market buying season has had a strong start and is expected to remain active…Read More

Sales of homes priced over $1 million were up year-over-year in Toronto, Vancouver, Montreal and Victoria in the first seven months of the year. Calgary was the exception; sales in the $1 million range decreased 28 per cent over the same period in 2014…Read More

Reports 2014

Most regions posted modest gains in average residential sale price, despite increased inventory in many of Canada’s housing markets. Residential property markets in Toronto, Vancouver and their surrounding areas, as well as Calgary and Edmonton continued to see prices and sales rise. With an increased supply of inventory on the market going into the new year, the average sale price is expected to remain stable or rise modestly in most cities in 2015…Read More

Despite record-setting low temperatures and snow storms, housing market activity in Canada during the first quarter of 2014 showed year-over-year resilience in most regions, with some exceptions in Atlantic Canada, Manitoba and Ontario. In urban centres, house prices continued to post gains, in large part due to a lack of inventory; price increases were also seen in regions with strong local economies driven by the resource sector and major infrastructure development…Read More

National recreational property sales and listings have rebounded from a slow start caused by the late spring and cold winter experienced in many markets throughout the country. Across Canada the recreational property market is showing healthy activity that should lead to modest increases in sales and prices in most markets through the rest of the year…Read More

The record-setting pace of growth in Canadian farmland values began to slow in 2014. While strong demand and limited supply continued to edge prices higher and spur farmland sales in many parts of Canada, some areas saw prices level off and sales volumes drop. The market remained steady in Ontario and prices rose modestly in Nova Scotia. The value of farmland remained strong in Alberta and British Columbia and softened eastward through the Prairies…Read More