Explore articles on the latest in Canadian real estate news with thoughtful insights from the Purplebricks team. Purplebricks makes understanding real estate simple.
National Real Estate
State of the Real Estate Market: July 2020
July was a record-breaking month in terms of sales activity for many major markets in Canada. Inventory continues to fall short of demand, increasing competition among buyers and leading to multiple bids and price surges.
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National Real EstateSelling Your Income Property during COVID-19: What You Need to KnowCOVID-19 has shaken up a lot of areas of the real estate industry. As a landlord of a tenanted income property, you may be wondering if you can still sell your home during the pandemic. The answer is yes, you can. Here's what you need to know.
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National Real EstateStage 3 of Reopening: What to Expect When Selling or Buying a HomeAs many provinces start Stage 3 of reopening during the COVID-19 pandemic, you might be wondering how this phase will affect selling or buying a home. We outline what you can expect the process to look like.
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National Real EstateFast Sales: Homes Recently Sold in Less than 48 HoursHomes are selling quickly and for above asking in many markets, especially in regions that continue to experience seller’s markets during the pandemic. Here's a look at homes recently sold in less than 48 hours—and the sellers saved thousands in commission with our low, fixed-fee service.
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National Real EstateState of the Real Estate Market: June 2020Many markets saw a dramatic improvement in month-over-month sales activity, with some regions even seeing year-over-year increases in sales and average selling prices. That's amazing, considering we are in a pandemic.
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National Real EstateWinnipeg Home Sellers are Still Saving Thousands (even during COVID-19!)Winnipeg is a city with an ideal mix of urban living and nature, it is a great place to live, work, and play in – and a great place to save thousands in commission when selling your home!
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National Real EstateWhat Selling Your Home Will Look Like Post COVID-19 – Predictions from Our Broker of RecordWhile no one can know what selling your home will look like post pandemic, our Broker of Record, Randall Weese, makes some educated predictions based on what we’re already seeing happen.
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National Real EstateState of the Real Estate Market: May 2020We were happy to see month-over-month improvements in many markets, despite year-over-year figures still well below average.
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National Real EstateCMHC’s New Mortgage Rules Start July 1 – Here’s What You Need to KnowFind out what the new CMHC mortgage rules are and what they mean for homebuyers.
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National Real EstateVariable Mortgage Rates are Low, and Here's How They Work in Your FavourOver the past several weeks, the Bank of Canada has reduced its overnight rate from 1.75 to just 0.25. This means that homebuyers can get a desirable interest rate on their variable rate mortgage loan. Paying less interest on your loan means more money in your pocket.
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National Real EstateAre we Headed Towards a Mini Real Estate Boom? Possibly.Many Canadians who were hoping to capitalize on the spring market are holding their breath waiting to see how the real estate market reacts in the coming weeks and months amidst the COVID-19 outbreak. It is a bit of a guessing game at this point, but we can make some educated predictions.
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National Real EstateCity Series: Kitchener-Waterloo Region Home Sellers are Saving Thousands in CommissionWe are still seeing our Purplebricks home sellers in the Kitchener-Waterloo-Cambridge region successfully sell their home while saving thousands in commission! These sellers sold their homes in less than a month!
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National Real EstateCity Series: Hamilton Region Home Sellers are Saving Thousands in CommissionWhether you call it The Hammer, Steel City, or perhaps, you already call it “home”, Hamilton is an excellent city to live, work and play in – and a great place to save thousands in commission when selling your home!
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National Real EstateReal Estate Investing in Ontario During COVID-19: What You Need to KnowWhether you’re new to real estate investing and are ready to purchase your first property (congratulations!) or you’re a seasoned pro looking for the next great find, there are important factors to consider, especially during the COVID-19 pandemic.
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National Real EstateState of the Real Estate Market: April 2020Despite the continued State of Emergency due to the COVID-19 outbreak, we have seen less than expected month-over-month price reductions. However, home sales and new listings have dropped significantly year-over-year.
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National Real EstateWhy Living in Ottawa Should be on your Canadian Bucket ListRanked as the third best Canadian city to live in 2019 by Maclean’s magazine, living in Ottawa is safe, fun, and, shockingly affordable.
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National Real Estate14 Reasons Why Windsor is a Great Place to Call HomeAnd while Windsor is as close to Detroit as a Canadian city could be and it is home to Ford, GM and FCA auto plants, Windsor should be known for more than these two facts. Windsor is a great city to call home, and here’s 14 reasons why.
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National Real EstateState of the Real Estate Market: March 2020All markets saw a stark difference between the first two weeks of March and the last two weeks. In the past few weeks, new listings and sales have decreased but prices have not seen the same decline at this point.
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National Real EstateIt Will Be OK… in Real Estate, too!At Purplebricks, we truly believe that it will be OK, particularly in the real estate sector. Many homeowners are wondering if now is a good time to put their property up for sale. Here are a few things to consider to make an informed decision.
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National Real EstateHow Canadian Homebuyers are Being Supported During the Coronavirus OutbreakThe Government and financial institutions are reacting quickly to provide solutions during this unprecedented period in our history. As Canadian homebuyers, we are lucky to quickly have resources available to us.
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National Real EstateWant to give voice to hope? We’ve joined the #ItWillBeOk movement!The #ItWillBeOkay movement resonated deeply with us and we wanted our clients and staff to have an easy way to express this sentiment - so we created a drawing just for them! We encouraged anyone who wanted to join in the movement to post their creations in their windows or on their lawn signs.
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National Real EstateHow Purplebricks is Keeping Canadians Safe During the COVID-19 OutbreakPurplebricks has adapted quickly to this unprecedented time in our history. We are pleased to share that we are in full operation for home sellers and buyers - with specific pandemic modifications. The safety of our customers and our staff are top priority.
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National Real EstateHow COVID-19 is Impacting Canadian Real EstateThings have changed quickly nationwide due to the coronavirus outbreak, but there are still some good news pieces about the Canadian real estate market we should feel confident in.
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National Real EstateState of the Real Estate Market: February 2020As we post this February Market Data, it is hard to imagine that one month later we would be amidst the current COVID-19 situation. While the outbreak will certainly have an impact on the real estate market in the coming months, people are still listing their homes.
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National Real EstateHow to Navigate the Real Estate Market During the COVID-19 OutbreakCOVID-19 has shaken up our lives in Canada and worldwide. Schools are closed, workplaces are allowing staff to work from home, major league sports have halted — it seems like the whole world is standing still. But does that mean the real estate market should as well? Not necessarily.
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National Real Estate5 Reasons to Buy a Home in Winnipeg, Right Now!Looking at capital cities across Canada, Winnipeg is one of the most affordable while still allowing residents to enjoy city living with a strong job market.
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National Real EstateNow is the Time to Buy a Home in Calgary and Edmonton!Right now is an opportune time to buy in Alberta’s major markets. Home prices are down, and availability is up, which means homebuyers can find their dream home for a great price in very desirable cities.
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National Real Estate2020 vs 1920: How Homeownership Has Changed in TorontoWe are once again in the “roaring twenties”, so we are looking at how the housing market has changed in the last 100 years in Toronto. In the 1920s, Toronto was only just starting on the path to becoming the vibrant metropolitan area it is today.
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National Real EstateState of the Real Estate Market: January 2020Our monthly update will help you better understand the current state of the market in Ontario, Manitoba, and Alberta so you can make informed decisions with your real estate purchases.
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National Real EstateOutlook of the Canadian Housing Market: Thoughts from the World Economic ForumOver 6,000 km away in Canada at Purplebricks, we dove into the World Economic Forum conversations. We were left to reflect on how these discussions at Davos will impact the housing market in the Great White North.
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National Real Estate100 Years Later: How the 1920s Paved the Way for Women in the 2020 Real Estate MarketAlthough nearly every decade has been marked with gender equality progress, it is arguable that the 1920s is the most ground-breaking decade of the past 100 years for setting the foundation for women on the road to equality.
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National Real EstateDon’t Wait Until Spring! Now is the Right Time to Sell in OntarioThe weather may be cold but the real estate market in Ontario is hot, hot, hot for sellers. There is a shortage of supply in all major markets, which means now is the ideal time to list your home if you’re hoping to get top dollar and possibly multiple offers.
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National Real EstateState of the Real Estate Market: December 2019Curious to know how the real estate market is doing in Ontario, Manitoba, and Alberta? We thought so. Our monthly update will help you better understand the current state of the market so you can make informed decisions with your real estate purchases.
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National Real Estate2020 Forecast: The 5 Best Ontario Cities to Buy a Rental PropertyToday, having a “side hustle” is almost mandatory to get an edge up on retirement savings and to gain financial freedom sooner. Amongst the Etsy businesses and Instagram influencers, one of the oldest side hustles has stood the test of time and proven to be lucrative long-term – being a landlord.
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National Real EstateWhat Canada’s Massive Population Growth Means for The Housing MarketThis year Canada has experienced the largest population growth since Confederation. What caused this record-breaking spike after 153 years?
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National Real EstateState of the Real Estate Market: November 2019Curious to know how the real estate market is doing in Ontario, Manitoba, and Alberta? We thought so. Our monthly update will help you better understand the current state of the market so you can make informed decisions with your real estate purchases.
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National Real EstateState of the Real Estate Market: October 2019Curious to know how the real estate market is doing in Ontario, Manitoba, and Alberta? We thought so. Our monthly update will help you better understand the current state of the market so you can make informed decisions with your real estate purchases.
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National Real EstateThe Votes Are In! What the Election Results Mean for Canadian HomebuyersHousing affordability has been a hot topic in Canada and was a key point in political party campaigns. Each party had varying agendas, but overall making housing more accessible to Canadians and first-time home buyers was important for most parties.
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National Real EstateState of the Real Estate Market: September 2019Curious to know how the real estate market is doing in Ontario, Manitoba, and Alberta? We thought so. Our monthly update will help you better understand the current state of the market so you can make informed decisions with your real estate purchases.
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National Real EstateThe 5 W’s of the New First-Time Home Buyer IncentiveWith the 2019 Federal Election quickly approaching, all political parties are addressing housing affordability, especially for first-time buyers. Part of the discussion is the First-Time Home Buyer Incentive that recently took effect under the Trudeau Administration.
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National Real EstateOntario’s Top Ranked Communities Have Healthy Real Estate MarketsMacLeans has released its Best Communities in Ontario 2019 List. The top 3 spots go to Burlington, Grimsby and Ottawa. We can see why these communities were a cut above the rest! They have impressive features, including healthy real estate markets.
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National Real EstateWhat are Buyer’s, Seller’s, and Balanced Markets?Whether it’s when spring temperatures start to climb and snowy yards give way to green growth, or summer is over and everyone is back to a regular routine, buyers and sellers start pushing the real estate market into high gear.
