“Like so many other parts of normal daily life, a lot of buying and selling activity in housing markets across Canada has been put on pause,” said Shaun Cathcart, CREA’s Senior Economist. Other Canadian cities examined include Ottawa, with neighbourhoods such as Centretown and Lower Town scoring high for city lovers. RE/MAX 360 Tours the Next Big Thing in Virtual Real Estate, Canada Real Estate Trends After Lock-Down, Ontario Real Estate Pushes Forward with Virtual Deals. Find Your Dream Home. “Canada’s neighbourhoods are rich in liveability,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. Western Canada Ontario-Atlantic Quebec Blog global.remax.com Real Estate Listings Alberta Calgary Real Estate Edmonton Real Estate More Alberta Cities British Columbia Vancouver Real Estate Victoria Real Estate Manitoba Liveability factors like closer proximity to green space are also in higher demand as of late, along with the desire for more local outdoor parkettes and patios. Winnipeg and Edmonton both rank high for suburban families and move-up buyers who tend to look for low density neighbourhoods, access to green spaces, proximity to transit and affordability. In the west, Calgary ranked high in seven out of 11 categories, including offering good access to employment opportunities, population growth, housing supply, housing affordability and easy access to bike lanes and/or walking paths. Google search) when looking for information about new neighbourhoods they are interested in moving to, 39 per cent would ask a real estate agent, 15 per cent would rely on news and market trends reported in the media. Neighbourhoods across the country show appreciation for front-line workers by clapping and banging pots at 7:30 p.m. on a daily basis. “However, when buyers are looking for a home, the search begins at the neighbourhood level. We understand owners’ concerns and are fully aware that this is one of your most valuable financial investments. Not surprisingly, housing affordability came in at the top at 61 per cent, followed by: With affordability as the top liveability criteria for Canadians, this lowered the overall liveability score for neighbourhoods in hot markets such as Vancouver and Toronto, despite both having high liveability rankings in other categories. Closer to home is RE/MAX’s deep commitment to the communities we operate in. “Despite reports of slowing economic conditions and a relatively flat real estate market in Alberta, Calgary and Edmonton shine as beacons of liveability,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “Given the current situation, Canadians are craving access to their tight-knit communities and various neighbourhood features that contribute to their quality of life. “Housing is often a contentious topic in Canada, with affordability and inventory being persistent problems from coast to coast,” says Christopher Alexander, Executive Vice President, RE/MAX of Ontario-Atlantic Canada. Despite the current state of the pandemic and Canadians continuing to practice physical distancing, the effort to restore liveability and a sense of community is still prominent. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. CREA reports 4.3 months of inventory at the end of March 2020, up from February’s 15-year low of 3.8 months however almost a full month below the long-term average of 5.2 months. Copyright © 2019 RE/MAX Ontario-Atlantic Canada Inc. All rights reserved.
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This sentiment is echoed across age, region, area and living situation. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. In fact, 89 per cent of Canadians would recommend their neighbourhood to others according to a recent RE/MAX survey conducted by Leger. Neighbourhoods such as Old Town Toronto, Beltline in Calgary and Central Park in Winnipeg are ideal for city lovers. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. growing interest in larger homes and properties in suburban and rural areas across the country, real estate franchise opportunities in Ontario-Atlantic Region. Why Is the Kawarthas Real Estate Market So Strong Right Now? Canada’s real estate markets saw considerably fewer homes listed and sold in March 2020 when compared to the previous month, according to the latest market report from the Canadian Real Estate Association (CREA). View Residential and Commercial Real Estate in Ontario, BC, Alberta, Manitoba, SK, Nova Scotia, New Brunswick, Yukon, PEI and Newfoundland & Labrador. “All Canadian homebuyers have their own needs and wants,” says Vincent Charles-Hodder, co-founder and CEO of Local Logic. RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing.© 2019 RE/MAX, LLC. For luxury seekers looking for proximity to restaurants and bars, vibrancy and access to green spaces, regions such as Vancouver and Toronto rank high. Industry knowledge, superior support systems and helpful customer service make RE/MAX an established brand to trust with your property management needs. Privacy Policy. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. In Alberta, Calgary and Edmonton rank as the top most-liveable cities – many neighbourhoods in each city had high location scores according to Local Logic, and liveability is expected to improve in each region with more forward-thinking city planning in the years ahead.
RE/MAX has always been an industry leader, adopting the latest technology and creating innovative marketing programs. Each Office Independently Owned and Operated. They are at the heart of the Canadian experience, especially when you consider the survey results.”. Vancouver West Vancouver North Vancouver Chilliwack Victoria Kelowna Edmonton Calgary Saskatoon Winnipeg, Niagara Hamilton Brampton Mississauga Toronto Durham Region Kingston Barrie Huntsville Sudbury North Bay Thunder Bay, Saint John, NB Halifax Charlottetown St. John’s, NFLD. RE/MAX was the first brand to expand its reach world-wide through a revolutionary global listing site, featuring listings from more than 80 countries, displayed in over 40 languages. By continuing to use this site, you agree to the use of cookies. 49% of Canadians would like to see more public transit options available in their neighbourhood.
In Victoria, the most up-and-coming neighbourhoods are also some of the most affordable in the region, including Colwood and Langford. April had 9.2 months of inventory, up from March’s 4.3 months and well above the long-term average of 5.2 months. Explore top Real Estate across Canada.
RE/MAX, LLC is an Equal Opportunity Employer and supports the Fair Housing Act and equal opportunity housing.© 2019 RE/MAX, LLC.
Based on the sales-to-new listings ratio and the long-term average, two-thirds of local markets were balanced, with most of the remaining markets landing in seller’s territory. RE/MAX understands the value of your property and will take care of your every need. The Prairies are seeing more people making a concerted effort to spend money locally in order to help small, independent businesses stay afloat. This is the lowest April sales figure since 1984.
The national average price was just over $540,000, up 12.5% year-over-year. In the initial spring release of the RE/MAX 2020 Canadian Liveability Report, RE/MAX looked at Canadian homebuyer lifestyles to determine the best neighbourhoods for their specific needs and tastes, based on a specific set of liveability factors. The desire to move away from large metropolitan areas has also increased demand for properties in the Atlantic Canada region. “The numbers that matter most for understanding what follows are those from mid-March on, and things didn’t really start to ratchet down until week four. “While this is down slightly, the bigger picture is that this measure of market balance has been remarkably little changed considering the extent to which current economic and social conditions are impacting both buyers and sellers,” CREA says. Atlantic Canada saw consumers change their behaviour during the pandemic, with an increased use of their home for work purposes, as well as use of outdoor space being two of the biggest shifts. Top neighbourhoods in Toronto include West Don Lands and City Place, with West End and the Downtown area of Vancouver ranking high in the west. • In Ontario, 53% would like to see more public transit options available. By continuing to use this site, you agree to the use of cookies. Canadians genuinely celebrate the liveability factors — the qualities that give each homeowner the true satisfaction of his/her home within the context of a neighbourhood — when it comes to choosing a property to buy and live in.
Local pride is key to restoring post-lockdown liveability; one-third of Canadians concerned about the future liveability of their neighbourhood.
I’m hopeful that our communities will soon bounce back and liveability, as well as the real estate market, will be restored.”. Proximity to public transit (36 per cent), work (30 per cent) and to preferred schools (18 per cent), as well as cultural and community centres (18 per cent) fall out of the top five neighbourhood wants and expectations. Similar to sales activity, the decline in listings was experienced in virtually all markets across Canada. With a presence in over 100 countries and territories, the RE/MAX network’s global footprint is unmatched by any other real estate brand. CREA notes this number is skewed by the Greater Vancouver Area and the Greater Toronto Area, which are Canada’s busiest and priciest housing markets. Being under lockdown has also prompted a recent shift in home-buying trends, which includes growing interest in larger homes and properties in suburban and rural areas across the country. All Rights Reserved.
We offer individual sales attention to wholesale & retail companies for REMAX Original Products, with high quality merchandise and top of the line services. • In Atlantic Canada, 57% would like to live in a rural community. Realtors have been following social-distancing measures as advised by government and public health agencies, assisting those who are already in the market view homes and complete their transactions virtually. Managing a property can be time-consuming and complicated. The decline in sales is in lockstep with a national drop of 55.7% in new listings hitting the market between March and April. Canada’s real estate markets experienced a decline in homes listed and sold in April 2020 when compared to the previous month, according to the latest market report from the Canadian Real Estate Association (CREA). “We have to remind ourselves that this underlying pride and the remarkable local relief efforts in aid of small businesses are ultimately what we believe will help our neighbourhoods return to the dynamism we have all come to highly appreciate, and I’m confident we’ll be successful.”, Alexander adds, “While we’ve seen transactions across the country drop considerably in the last six weeks, I am hopeful that housing prices and demand will remain steady with the help of local resilience and local activity in the months ahead.”. 64% of Canadians would like better walkability in their community. If you are using a screen reader and are having problems using this website, please call 800-525-7452 for assistance. According to the report, 91 per cent of Canadians have at least one important liveability factor that’s very important to them when it comes to the neighbourhood they live in now or would like to live in, in the future.
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