As for what that means for mortgage lending, Shaun Cathcart, Senior Economist at the Canadian Real Estate Association (CREA), predicts primary-based mortgage payments will continue to rise dramatically until the Bank of Canada (BoC) reaches its terminal rate.
Variable rate mortgages will hit their ‘trigger rate’
“The ‘terminal rate’ as it’s called, meaning where they’re expected to stop, has gone from 3.5% (they’re at 3.25% now) on the overnight rate back in the spring to closer to 4.5% now,” writes Cathcart. As such, those carrying variable rate mortgages are now facing their “trigger rates,” meaning those borrowers will face higher monthly payments if interest rates remain high.
In December 2022, Canada’s inflation rate fell 0.6% from the previous month to 6.3% which will certainly inform the BoC’s next interest rate decision scheduled for January 25, 2023. If more hikes happen this year, variable rate mortgage carriers will not only find themselves with high monthly payments to cope with, but those payments are likely to cover more interest and less of the loan’s principal amount, translating to a longer payback period overall.
Meanwhile, data from the British Columbia Real Estate Association (BCREA) forecasts the average Canadian variable mortgage rate will rise to 6.35% in the first half of 2023, decreasing “only slightly” to 6.1% in Q3 2023 and 5.85% in Q4 2023.
Fixed rate mortgages ‘not safe for the next five years’
At present, variable rate mortgages have higher monthly payments than fixed rate mortgage payments. However, Cathcart cautions “those with fixed rate mortgages are not safe for the next five years.”
He continues, “[fixed rate mortgages] come up for renewal every day. People paying attention are rightfully worried. People who have not been paying attention could be in for some serious sticker shock.”
According to data from Ratehub, the five-year fixed rate in 2018 was 2.94%. At the end of 2022, it had increased to 4.54%. For a $400,000 mortgage on a 25-year term, this would mean monthly payments increased from $1,881 to $2,223.
Predicting where rates are heading in 2023 will continue to be a challenge given the uncertainty of the economy and real estate market, which will leave fixed-rate carriers to speculate where the market might be headed and whether it’s more prudent to lock in a short- or long-term fixed rate.
New borrowers may bite the bullet… or find themselves priced out
Substantial rate hikes are most likely behind Canadians, and consumers have had some time to adjust their spending and home buying budgets accordingly. If prospective buyers return to the market, things could heat up once again as low inventory continues to be an issue across Canada.
Of course, depending on the Bank of Canada’s next moves, things could go another way. The high cost of borrowing could also keep prospective buyers on the sidelines, which could serve to lower demand, curb competition, and soften Canadian housing markets. It’s truly too soon to tell.
In any case, Canada’s population is rapidly growing and housing demand isn’t going anywhere. Instead, demand will likely be absorbed in the rental market, according to Cathcart.
“In that sense, this is a continuation of the same story—those who got into the market early are unlikely to be affected by rapidly rising rates and are also unlikely to see the value of their properties decline all that much from the peak. Meanwhile, those who bought recently at elevated prices, and those in the rental market, may be in for a tougher ride over the next few years.”
If you’re thinking of buying or selling this year, be sure to work with a local REALTOR® to get their professional expertise on what’s going on in the market where you live (or might like to), and what your best options are.
Everyone has questions about real estate, as it’s likely the largest financial investment we’ll ever make in our lifetime. While the experience of buying or selling a home is no doubt exciting, it can, at times, become overwhelming. This is why we’ve turned to the experts. We collated some of the most frequently Googled real estate questions and asked REALTORS® for their answers. Think of this article as your go-to guide for a more in-depth understanding of the most popular questions related to buying or selling a home.
Common questions asked when selling a home
Why do I need a home inspection?
“A pre-purchase home inspection is always a good idea whether it is required by your lender or not,” says Elisha Roberts, a salesperson and REALTOR® in Red Deer, Alberta. “It allows you as a buyer to ensure the house you have written an offer on doesn’t come with any unforeseen issues—often of great expense.”
“Home inspectors look for structural issues, the condition of mechanical systems and much more. If something is discovered, it provides you with an opportunity to address the issue to your satisfaction before proceeding with the purchase, such as amending the purchase price or asking for the seller to repair the issue and provide proof. Once an issue is uncovered, the seller will have to disclose to any other interested parties if your offer does not go firm. In my experience, most sellers are willing to work together to ensure a fair outcome for everyone involved in the transaction.”
Why can a seller reject my offer?
“Sellers are not obligated to accept an offer,” says Jessica Kee, a salesperson and REALTOR® from Toronto, Ontario. “There are a number of reasons why a seller may not find an offer acceptable to them—price, closing date, conditions in the offer. They may, however, counter back or politely decline if the gap is too far apart.”
Location, location, location: neighbourhoods and streets vary in value, so understanding these pros and cons is vital to accurately assessing value.
Size of home: homes with more livable square footage are generally worth more.
Age and condition of the home: a well-kept and maintained home is typically more desirable for buyers.
Recent updates or upgrades to the home: do buyers have to worry about an old roof, windows and heating, ventilation and air conditioning? If not, and in general, the fewer major items that require replacement or repair, the greater value held in the buyers’ mind.
Supply and demand for homes and neighbourhood: what are the recent comparable sales in the neighbourhood, specific street, etc.? Are there trends that suggest the area is in more demand? If so, this can be a factor that assists in a higher assessed value.
“Simply put, a conditional offer is certain conditions that must be met by the buyer during the conditional period and, if not met, the deal becomes null and void and the deposit is returned to the buyer,” clarifies Kyte. “Common conditions placed in offers to protect buyers and allow time for proper due diligence are; financing, inspection, insurance, solicitor review and, for condominium properties, the solicitor’s review of the status certificate. As a general note, anything can be added as a condition or clause, to an agreement of purchase and sale, as long as parties to the agreement agree.”
How long will it take to sell my home?
“Selling timeframes vary from province, city and local market,” Kyte points out. “Knowing the average days on the market it takes to sell similar properties is information that needs to be provided to sellers and buyers, to ensure their expectations are in line with their current market.”
As an example, Kyte details that, “in the Ottawa real estate market, the average days on market for residential properties in December 2022 was 38 days. This can vary based on the property’s list price, location, condition of home, and marketing. The number of days it takes to sell a home has dramatically increased from 12 days in 2021, the peak of the market, and is now climbing to a more “normal” range that is consistent with pre-pandemic ranges.”
When is the best time to sell my home?
Rashedy Lewis, a salesperson and REALTOR® from Toronto, says, “Most sellers believe the best time to sell their home is between May to July. However, in my opinion, there’s no ‘best time’ to sell your home. Each homeowner has a different reason why they want to sell.”
Lewis continues, “Once you’ve decided to place your home on the market, you should check to see what improvements can be made prior to selling, as this can help you get more money for the resale value.”
Lewis suggests beginning the process by “decluttering and cleaning the home and once these are done, inspect your floors, walls, bathroom(s), and kitchen as these are the main selling features of the house. Homeowners should also check windows, doors, furnace, and their roof to ensure that they are in good working condition.”
Lewis concludes that “in my view, once these are accomplished, it helps to attract buyers and sell at a good price.”
“In order to qualify for a mortgage, you’ll need to have the necessary down payment, show proof of employment, and proof of income along with your credit score,” says Lewis. Above all, you’ll need to be able to prove to the lender you can afford the amount you’re asking to borrow and all future monthly payments. Your income stability, as well as your debt service ratio, will be assessed.
In fact, there are four Cs when it comes to navigating the road to obtaining a mortgage and these include capacity, capital, collateral, and credit. What’s your capacity to pay back the loan on time every month? What money, savings, or investments do you have readily accessible? What is the value of the property you’re wanting to purchase and will it be enough to cover mortgage debts if payments are missed? Do you have a good credit score and a history of paying bills on time? Again, lenders want proof of stability.
Common questions asked when buying a home
How much of a down payment do I need to buy a home?
Kee explains, “The minimum down payment requirement for anyone buying a home to live in is 5% on a home up to $500,000. Anything after that is 10% on the portion above $500,000. So, if it’s a $600,000 home, the minimum down payment is $35,000. For someone looking to buy an investment property, it’s 20%.”
There are different savings plans and incentive programs available to those looking to buy a home, especially if you’re a first-time home buyer. Get in touch with a financial planner to understand your options and see what you’ll need to do to save for a down payment.
How long does it take to buy a home?
“The time required to purchase a home varies,” says Roberts. “I always recommend that my clients obtain a pre-approval prior to initiating their home search. Once the perfect property is found it can take anywhere from about one week to several months for the closing process and for you to take possession. The variance is based on the seller’s limitations around possession date or acceptance of a proposed possession date in the offer to purchase.”
“Any conditions that need to be satisfied prior to a firm sale like a home inspection or financing condition will add to the transaction time,” Roberts adds. “It’s important to note the lawyers required to complete the transaction may require some time to complete this on your behalf, so it’s a good idea to check in with them to determine their required lead time based on their current workload.”
Do I need a REALTOR® to buy a new-build?
Kee explains using a REALTOR® when buying pre-construction “isn’t mandatory, but it’s highly encouraged”—especially since, as a buyer, you don’t pay commission, meaning having a REALTOR® on your side is a free benefit.
“Builders may have their own sales people, but don’t forget their number one goal is to sell the project for the builder and often with the terms favourable to the builder,” he says. “Your REALTOR® will guide you through the process, may show you other options, and negotiate the contract most favourable for you.”
Why should I work with a REALTOR®?
Asking the right real estate questions, and seeking answers from a trusted team of professionals will put your mind at ease.
“Experienced REALTORS® provide a lot of value to their clients whether buying or selling a home,” Roberts explains. “We know the market area and can help you avoid costly mistakes in regards to contract errors/omissions and provide relevant market data. We also have networks of trusted professionals who are used time and time again that we know will do an exceptional job. I’ve narrowed down my lists of professionals I recommend to my clients and I provide that information to them depending on their area.”
An online search can be a great starting point to get information, but you can trust the expertise of REALTOR® when it comes to the entire home buying or selling experience! Find a REALTOR® in your area, or get a referral from someone you trust, and they’ll be happy to answer all your real estate questions.
You’ve loved your home but are ready to move on. How much should you list it for? Although a casual observer might believe a listing price is an arbitrary number, many factors are taken into consideration when pricing, including market conditions, historical data, location and amenities. Overprice a property and it could linger, unsold, for months. Undervalue it, and you’re leaving money on the table. While getting a home appraisal can give you an idea of your property’s worth, pricing a home is part science and part art, so we asked a REALTOR® to break down that process.
“When I’m asked to price a property, there are many aspects involved and lots of fine-tuning,” says David Stevens, a REALTOR® with Royal LePage Coast Capital Realty in Victoria, British Columbia. Some considerations include:
Current local market conditions
Pricing a home should include looking at the current market conditions and trends in your area. Knowing how many properties with similar features are up for sale and how fast they’re being snapped up can help determine how a property should be priced.
“This takes into account the ability of active buyers and their buying power or capability,” adds Stevens. “Comparable current and sold listings are an invaluable source of information to look at when pricing, because sold property prices can always be relayed to any buyer or seller by their REALTOR®.”
When there’s low inventory in a neighbourhood, this can create a seller’s market with more competitive listing prices, while a bunch of homes for sale may require lower asking prices and indicate it’s more of a buyer’s market.
Location
“Sought after neighbourhoods near well-respected schools will typically demand a higher price tag,” explains Stevens.
Remember: even homes on the same street can differ in price—if one side of the street backs onto a body of water, for example, those homes could be priced higher.
Size and layout
A home’s layout can also factor into its pricing; most families in his market look for three or more bedrooms on one level, notes Stevens.
“The square footage of a home and land size also influences the value of a property,” he says. “Depending on the area and the buyer trend in an area, aspects like privacy or usable land play a role.”
Age and condition of the house
How old a property is, and whether it has or needs major updates, including windows, roof, kitchen, bathrooms, and mechanical systems all factor into pricing.
“When the major components of a home have been updated or replaced, many buyers see that as a long-term investment they will not need to spend money on,” explains Stevens.
DIY projects gone wrong can be detrimental in obtaining top dollar because substandard work will decrease your home’s appeal and, therefore, the price, he adds.
Bonus spaces
A home with an in-law suite or additional income potential can be important as it gives the buyer flexibility with their financing and buying capability, he adds.
“Within urban communities, it may be hard for a buyer who wants a detached workshop or a studio. This is considered special and not easy to find, so it must be taken into consideration when pricing.”
Seller’s motivation
REALTORS® also take a seller’s motivation into account when pricing a property. For example, if a seller has an accepted offer on another property, or they’re being transferred out of town, they may ask for a compelling listing price to attract more buyers, says Stevens.
What is the MLS® Home Price Index and how does it work?
REALTORS® have a powerful tool at their disposal—the MLS® Home Price Index(MLS® HPI). It provides a more precise picture of home price trends by gauging prices for the market as a whole, and prices for specific housing categories. This information allows them to do a comparable market analysis, where they learn what other similar homes have recently sold for, which gives them solid indicators on how to price your property.
Because this data can change from month to month, it’s important to use an accurate tool that tracks prices to get the latest information.
“Ultimately, the pricing of a home is the seller’s decision with the help of their REALTOR®,” says Stevens. “The goal is to price the property to attract serious buyers and to prevent an extended period of time on the market that may ultimately come at a cost.”
Working with a REALTOR® to price your home gives you peace of mind that you’re setting yourself up for success with the advice and expertise of a professional.
Vous partez dans le Sud pour l’hiver? Avant de fermer votre chalet trois saisons, voici un aide-mémoire pour partir l’esprit léger. Si votre chalet n’est pas isolé pour l’hiver, plusieurs choses sont à mettre en place pour que tout soit impeccable au moment de votre retour. Tout ça, sans trop d’efforts, mais en ne laissant rien au hasard.
Aviser ses assurances
Avant de partir, pensez à signaler à votre assureur toute absence prolongée. Rangez aussi à l’abri des regards les objets les plus tentants. Enfin, prenez des photos du contenu du chalet, notamment des biens les plus précieux. En cas de dommages et de réclamation, la procédure en sera grandement simplifiée.
Vérifier l’étanchéité du toit
Avant de fermer le chalet pour l’hiver, faites une inspection du toit et effectuez, si nécessaire, les réparations afin d’éviter les infiltrations d’eau en votre absence. Vous pouvez aussi souscrire à un contrat de déneigement du toit au moins une fois durant l’hiver afin d’éviter toute mauvaise surprise.
Couper l’eau et vider les tuyaux
Pour éviter que les tuyaux ne gèlent, il est conseillé de fermer l’arrivée d’eau du chalet pour l’hiver. Prenez toutefois bien soin de drainer tous les tuyaux jusqu’à ce qu’il n’en sorte plus rien lorsque vous ouvrez les robinets. Vous pouvez aussi verser de l’antigel à plomberie dans les tuyaux de vidange des lavabos, de la baignoire, et de la douche et dans la cuvette de toilette.
Chauffer le chalet au minimum
Régler les thermostats à une température comprise entre 7 et 10 degrés aidera à prévenir le gel et l’éclatement des tuyaux. Tout chauffage au gaz devrait aussi être éteint avant de partir. Et n’oubliez pas de débrancher la bonbonne de propane du BBQ et de la ranger au cabanon en attendant le retour des beaux jours.
Verrouiller aussi les fenêtres
On verrouille les portes, mais on oublie souvent les fenêtres et cela, les voleurs le savent! Sceller certaines fenêtres — surtout celles de la véranda — où passent les courants d’air est aussi une bonne idée pour prévenir l’entrée de neige à l’intérieur. Assurez-vous également que tous les stores ou rideaux sont fermés.
Vider le garde-manger
Pour éloigner la vermine, évitez les tentations que représente un garde-manger trop plein. Pourquoi ne pas organiser un dernier souper de « restants » avec les copains avant le départ?On peut aussi disposer des feuilles assouplissantes parfumées dans les placards, car la forte odeur dissuade les bestioles indésirables.
Débrancher les équipements énergivores
Couper tous les éléments du panneau électrique n’est peut-être pas la meilleure idée, car vous voudrez certainement que la pompe du puisard continue son travail en cas de refoulement. Débranchez toutefois le frigo et le congélateur — vidés au préalable — le four à micro-ondes, le lave-vaisselle de même que la laveuse-sécheuse.
Fermer le clapet de la cheminée
Fermer le clapet de ventilation du foyer est un oubli fréquent. De plus, beaucoup de cheminées ne sont pas protégées par un faîte sur le toit. Saviez-vous que les ratons laveurs femelles aiment bien s’installer au niveau du clapet de la cheminée pour donner naissance à leurs bébés? Assurez-vous que votre cheminée soit inaccessible. Il est aussi recommandé de faire ramoner sa cheminée par un professionnel.
Fermer les soupiraux
Certaines bestioles peuvent aussi accéder à votre sous-sol par des trous dans la fondation ou par les soupiraux. Bloquer les soupiraux en hiver est aussi une bonne façon d’isoler le sous-sol et d’éviter que les tuyaux gèlent si vous avez choisi de garder le chauffage au minimum durant votre absence, ou si les tuyaux ont été mal drainés.
Simuler une présence
Un détecteur de mouvement surprendra toute personne dont la présence n’est pas désirée. Vous pouvez aussi choisir de garder quelques veilleuses allumées à l’intérieur en permanence. Autre possibilité : programmer l’éclairage nocturne automatique de la porte d’entrée principale ou celui du lampadaire de rue. Si vous avez le budget, octroyez un contrat sporadique de déneigement pour l’hiver. Les voleurs seront assurément confus.
Dernier conseil? Avant de partir, assurez-vous d’avoir tout fermé à clé.
Que ce soit pour évaluer l’état d’une propriété avant de déposer une offre d’achat, ou avant de vendre la vôtre, un courtier ou un agent immobilier détenteur du titre REALTOR® vous recommandera toujours une inspection rigoureuse et professionnelle.
Cet examen, qui doit être réalisé par un professionnel certifié, est une étape essentielle, tant pour obtenir des informations pertinentes à la prise de décision que pour vous assurer une paix d’esprit, et pour vous éviter des conséquences économiques désastreuses.
Quand dois-je faire appel aux services d’un inspecteur en bâtiment pour l’évaluation d’une propriété?
Une évaluation de votre propriété peut être réalisée en tout temps si vous le souhaitez, par exemple pour planifier des travaux et prévoir le budget approprié. Il existe aussi des situations où il est absolument essentiel de prévoir l’inspection d’une propriété :
Avant de vendre :afin d’obtenir une évaluation de l’état des lieux complète et objective, de mieux évaluer le prix, de bien cibler les acheteurs potentiels, et de prévenir les litiges onéreux.
Avant de déposer une offre d’achat sur une propriété :; afin de réviser votre offre si besoin, et d’être informé en toute transparence de l’état réel des lieux, et des travaux à prévoir.
Avant la livraison d’une maison que vous avez fait construire :; afin de vous assurer que le constructeur a respecté le contrat et que les normes de construction ont été respectées.
Avant d’accepter une maison en héritage :; afin d’évaluer le leg immobilier. En effet, si le rapport d’inspection indique que les travaux sont plus onéreux que la valeur de la propriété, vous pouvez renoncer à la succession.
Sur quels critères doit-on se baser avant de retenir les services d’une entreprise d’inspection en bâtiment?
Le délai de réponse.
La formation et la certification de l’inspecteur par un ordre professionnel.
La garantie d’une assurance contre les erreurs, fautes et omissions.
La rapidité de livraison du rapport complet (certaines entreprises livrent le rapport dans les 24 heures qui suivent l’inspection).
Quels sont les éléments qui doivent être examinés lors d’une inspection?
La structure du bâtiment, sa solidité, sa consolidation éventuelle.
Les composantes du bâtiment : matériaux, revêtements extérieurs et intérieurs.
Le niveau d’humidité général, les infiltrations dans les murs, la condensation dans les fenêtres.
L’état de la plomberie, des drains, et de la fosse septique, le cas échéant.
L’état du système électrique.
La composition du sol du terrain, l’analyse de la nappe phréatique, la contamination possible.
Vous pouvez également consulter votre inspecteur pour établir les priorités des travaux à effectuer.
Dois-je être présent lors de l’inspection?
Ce n’est pas obligatoire, mais il est fortement recommandé d’être sur les lieux, ne serait-ce que pour profiter de la présence d’un expert afin de poser des questions spécifiques à vos besoins.
Combien de temps dure une inspection ?
Selon la localisation de la propriété, ses dimensions, et son âge, l’inspection peut prendre entre quelques heures et deux jours.
Certains éléments comme une piscine intérieure, ou une inspection de la tuyauterie avec une caméra, peuvent ajouter du temps à l’inspection.
Une chose est certaine, prendre le temps de faire faire toutes les analyses recommandées par votre inspecteur, ou par votre courtier ou agent immobilier membre de l’ACI, peut vous éviter bien des déboires… et des dépenses !
En quoi mon courtier ou agent immobilier peut-il m’être utile lors d’une inspection?
L’expérience de votre courtier ou agent immobilier peut toujours vous être utile, que ce soit lors de la préparation à l’inspection et de la planification des informations que vous désirez obtenir, lors de l’inspection elle-même si vous souhaitez une seconde paire d’yeux, et d’oreilles, et lors de l’analyse du rapport final pour vous aider à prendre les meilleures décisions.
Afin de prendre une décision éclairée, il vaut toujours mieux avoir toutes les informations en main. À ce titre, une inspection minutieuse par des professionnels est plus rentable que payer le prix de ne pas l’avoir fait !
La plupart d’entre nous sont portés naturellement à acheter une propriété en se basant sur une réaction purement intuitive et émotionnelle. « Je me sens chez moi. » N’est-ce pas? Cependant, trouver cette perle rare, ça peut être frustrant, tout comme rencontrer la bonne personne. Le speed dating (ou rencontres éclairs), a été conçu à l’origine pour rencontrer de manière condensée différentes personnes dans un temps limité. Cette façon de faire connaissance s’est améliorée avec les années et des questions précises permettent de trouver LA personne. Pourquoi alors ne pas utiliser cette même stratégie pour trouver sa maison?
Voici dix questions à poser aux maisons qui veulent vous séduire.
1. Nécessites-tu beaucoup d’entretien?
Évaluez globalement le bâtiment et le terrain. Les platebandes sont-elles remplies de plantes vivaces? Quelle est la superficie de pelouse? Quelle est la garantie du toit? Un toit métallique peut durer jusqu’à 50 ans, tandis que les bardeaux d’asphalte devront être remplacés tous les 10 à 20 ans dans les régions où les chutes de neige et les précipitations sont importantes. La maison est-elle construite avec un matériau résistant comme des planches Hardie? Les insectes, les intempéries et les pics-bois curieux peuvent endommager rapidement une maison en rondin ou en bois, et ainsi nécessiter un entretien continu.
2. Es-tu tranquille?
Prenez le temps d’observer la circulation à différents moments de la journée. Les voisins ont-ils un chien qui aboie ou de jeunes enfants qui aiment sauter sur leur trampoline? Est-ce qu’il y a une caserne de pompiers où les sirènes retentissent constamment à proximité? Est-ce qu’il y a une voie ferrée à proximité? La maison se trouve-t-elle sur une ligne d’autobus importante? À une intersection? À côté d’un restaurant doté d’une terrasse? Y a-t-il une carrière à proximité? Familiarisez-vous avec le quartier et tout ce qui se trouve à proximité.
3. Es-tu bien chauffée?
Bien qu’instantanés et efficaces, les foyers au gaz peuvent aussi s’avérer inefficaces selon leur âge et leur puissance nominale. Les foyers au bois nécessitent l’entretien d’une cheminée et un peu de travail de bûcheron, mais ils sont indéniablement romantiques. Les poêles à granules de bois ont une combustion élevée et constituent l’une des options de combustible les plus propres, mais ils peuvent poser un problème en cas de panne de courant (à moins que vous ne disposiez d’une batterie de secours), car ils dépendent toujours de l’électricité.
Les chauffages au propane et à l’électricité (plinthes, fournaises à air chaud pulsé) ont leurs avantages et leurs inconvénients, dont des frais de livraison et des tarifs de temps d’utilisation. Les systèmes de chaudière sont communs dans les vieilles maisons, et les nouvelles technologies ont modernisé l’apparence et l’efficacité des radiateurs traditionnels.
Et il ne faut pas oublier les pertes de chaleur : les fenêtres sont-elles neuves? Doivent-elles être remplacées? La résistance thermique des fenêtres et de l’isolation d’une maison peut rendre les nuits confortables ou vous laissez frissonner.
4. Es-tu flexible? Es-tu prête à grandir?
Si la famille s’agrandit (un chien, un enfant ou les beaux-parents?), est-il possible d’agrandir la maison aussi? Le sous-sol est-il fini? Est-il possible d’ajouter une autre salle de bain? Un garage détaché? Une buanderie au rez-de-chaussée? Y aura-t-il de l’espace pour aménager le studio d’art ou l’îlot de cuisine dont vous rêvez depuis?
5. Aimes-tu le plein air?
La maison est-elle située près de sentiers? D’un parc à chiens? Quelle est l’orientation de la maison? Les fenêtres orientées vers le nord ne sont pas idéales, mais avec un peu de recherche, vous pourrez trouver des plantes qui s’en réjouiront. Aurez-vous une vue sur les levers ou les couchers de soleil? Y a-t-il assez de rangement ou d’espace pour une remise, une terrasse ou un spa? Les arbres qui entourent la maison sont-ils en bonne santé? Dans les régions où l’on trouve l’agrile du frêne, votre cour boisée peut soudainement devenir coûteuse (et clairsemée) s’il faut abattre les arbres infestés.
6. Es-tu un bon investissement?
La propriété est-elle bien située? Les maisons situées dans un quartier en plein embourgeoisement ou dans une banlieue-dortoir prennent généralement de la valeur, mais celles accessibles seulement par bateau et les chalets trois saisons sont plus difficiles à revendre. Il faut prévoir un budget pour certains coûts comme les frais mensuels de copropriété, le stationnement, les déplacements, la tonte du gazon, le déneigement, les vidanges de fosses septiques et le remplacement des électroménagers vieillissants. La majorité de ces renseignements s’obtiennent facilement sur le site REALTOR.ca ou auprès de votre courtier ou agent immobilier.
7. As-tu du charme?
Quelle est l’histoire derrière la maison? S’il s’agit d’une maison patrimoniale, consultez les archives à l’hôtel de ville. Peut-être que la ferme de vos rêves fait partie du Barn Quilt Trail – vous pourriez être le prochain arrêt! L’intérêt croissant pour les écoles et les églises reconverties a permis de préserver une partie de l’histoire tout en offrant un revenu locatif fiable à l’entrepreneur avisé.
8. Es-tu du type sociable?
La propriété répond-elle à vos besoins en matière d’agrément? Y a-t-il une pièce insonorisée pour les enfants et leur PlayStation? La salle à manger pourra-t-elle accueillir toute la famille? Y a-t-il de la place pour une piscine? Une table de billard? Combien de chambres d’amis?
9. Es-tu bien stabilisée?
Tout commence par les fondations. Si vous pensez à acheter une vieille maison, faites appel à un ingénieur en structure pour l’inspection. Si la propriété est située au bord de l’eau, pensez à l’érosion et aux crues. Vérifiez que les sous-sols et les plafonds ne présentent pas de signes de fuites d’eau ou de moisissures et assurez-vous que les cheminées sont en bon état (et exemptes de chauve-souris!).
10. Es-tu ouverte au changement?
Même si une maison peut sembler parfaite à 100 % après la première visite, inévitablement, vous voudrez la modifier. Est-ce que ce sera possible? Que pouvez-vous sacrifier? Qu’est-ce qui est non négociable? S’agit-il de changements cosmétiques (peinture, éclairage) ou de rénovations au-delà de votre budget?
Si vous êtes intrigué et souhaitez prendre un deuxième rendez–vous, soyez assuré que vous pouvez compter sur votre courtier ou agent immobilier. Celui–ci vous aidera à repérer les signaux d’alarme ou, mieux encore, à trouver d’autres raisons pour lesquelles vous devriez aimer la propriété et en faire votre foyer. L’inscription sur REALTOR.ca comporte des données sur le quartier, le coût de la vie, des données démographiques et des calculateurs qui vous aideront à trouver «la bonne».
Is there anything more cozy than sitting in your home, maybe by a fireplace, sipping a hot cup of coffee or tea as the snow falls outside your window?
That is, until the snow keeps piling up for hours. Then the winds start to whip. Oh, and what’s that? Thundersnow?!
It’s all postcard worthy until you have an ice dam problem, or a tree limb crashes onto your roof.
We spoke to Brian Watters, construction manager with Akash Homes based in Edmonton, Alberta, to get a better understanding of how snow can damage your home.
What is the most common problem snow creates for homeowners?
As picturesque as a house enveloped in snow might look, there’s always more than the eye can see when it comes to what that snow is actually doing to your home.
“Ice damming is a common problem in heavy snow areas,” shares Watters. “This is caused by snow melting on the upper roof and then refreezing when it encounters the colder area above the eaves.”
Ice damming can cause damage to various areas of your home including the eavestrough and shingles. In some extreme cases, Watters has even seen water ingress into homes.
“This is caused by the buildup of snow around the house blocking off (key intake or exhaust) vents,” he adds.
When it comes to ice damming, look out for long icicles that build up off the edge of your home’s roof.
“While this can give the house a bit of a ‘fairytale’ look, it’s an indication of something going wrong,” Watters comments.
For blockages of vents, Watters recommends looking for any above-ground, low-lying vents that might be covered in snow. For roof vents, watch for sections that have low slopes as snow can pile more easily there.
Later on, once winter transitions to spring, keep an eye for water marks in the basement or on the ceiling—those could be potential signs of meltwater issues from the previous winter.
How to prevent damage caused by snow
Fortunately, there are ways to prevent, mitigate, and minimize damages made during a winter not-so-wonderland snowfall.
The best solution to address ice damming, according to Watters, is to keep the rest of your home’s roof the same temperature as the eaves.
“This can be achieved by ensuring proper ventilation to the roof, both upper and lower vents,” he shares.
But like snowflakes, not every roof is exactly the same. Watters recommends contacting a qualified roofing professional to help you determine the right amount of ventilation for your home. If your home has an attic, he also advises to check insulation levels there as well.
“Many high-efficient appliances, such as furnaces and hot water tanks, have shut offs if they cannot get proper air flow,” adds Watters. “So, if your home or water supply is cold, the first place to check will be the intake vents to ensure they are clear.”
Additional recommendations include:
In the event of heavy build-up around the roof vents you can use a roof rake to knock the snow down. Often, this step won’t be needed as naturally occurring wind and air flow usually help keep these clear.
For meltwater ingress in the spring, make sure your drainage systems are working. Ideally, water flows away from your home—not towards it. One thing you can do to help this is checking that your downspouts are flipped down.
Check that your weeping tile system (drainage) is functioning properly.
Clear storm drains of debris—including any window well drains!
“Whether tied into a sump for overland or storm sewer drainage or tied directly into the municipalities storm water facilities you want to ensure it is working as intended,” adds Watters.
How do you deal with damage from snow once the storm is over?
Once the damage has been done, what’s next, other than to wait for the snow to melt with a cup of hot chocolate?
From Watters’ experience, in the case of ice damming, gutters, and shingles are the most common casualties of damage caused by snow.
“Oftentimes it will take multiple seasons of no action before these items are damaged to a point of replacement,” says Watters.
If you are able to safely, you can clear the edges of your roof by using an extendable brush. For major snow clearing, you’ll want to call in the experts as going on your roof for any reason can be dangerous, especially in slippery conditions.
For any exhaust or intake blockages, you can simply restart the appliance based on the manufacturer’s instructions.
Do all home insurance plans cover snow damage?
We asked Christina Windall of Acera Insurance to share her insights.
“Not all home insurance covers snow damage as each insurance company has different wordings and perils they are insuring,” she says. “This is the exact reason why it’s important to review the policies with an insurance professional and ask questions to make sure people know what’s covered and what’s excluded.”
Similar to how every property is unique, every insurance policy should be tailored to the needs of the homeowner.
“If coverage for snow damage isn’t found in the primary policy, coverage for damage may be added by an endorsement such as overland water,” continues Windall. “This endorsement covers direct physical loss or damage caused by overland water, which is defined as water that accumulates or submerges land that is usually dry. Snow coverage is included, but specifically for damage caused by the rapid or sudden melting of snow or ice that results in water entering the property.”
Windall notes that some types of damage, such as snowslides and avalanches, damage from gradual seepage or leakage, or damage to certain outdoor structures and surfaces (including but not limited to fences, patios, and retaining walls) may be excluded in these policies.
Though the snow may be a seasonal delight to look at, it’s less delightful when it’s causing significant damage to your home. Make sure your insurance policy is up to date, and don’t be afraid to call in the professionals if you think your home might be susceptible to snow damage.
After months of increased or stable home sales numbers, transactions dipped 2.7% in December compared to November and were down 4.5% compared to a year ago, according to the latest housing data released from the Canadian Real Estate Association (CREA).
“It would be prudent for market observers to resist the temptation to trace a line from the end of 2025 into 2026,” explains CREA’s Senior Economist Shaun Cathcart. “Rather, we continue to expect sales to move higher again as we get closer to the spring, rejoining the upward trend that was observed throughout the spring, summer, and early fall of last year.”
Before we get into 2026 price and sales forecasts, here’s what you need to know about Canada’s current real estate markets:
National home sales declined 2.7% month-over-month in December.
The number of newly listed properties dropped 2% on a month-over-month basis.
There were 133,495 properties listed for sale on all Canadian MLS® Systems at the end of December 2025, up 7.4% from a year earlier.
The non-seasonally adjusted national average home price was $673,335 in December 2025, virtually unchanged (-0.1%) from December 2024.
Why are home sales dwindling in Canada and is that expected to continue?
The narrative hasn’t changed. Canadians had wanted lower interest rates (✅), more affordable prices (✅), and more options (✅), but uncertain economic times stemming back to last spring have had a major impact on Canada’s home buyers, especially in the country’s largest markets like Vancouver, Calgary, Edmonton and Montreal.
“Reaffirmed trade relationships and large-scale domestic economic development projects will be key for improved home sales moving forward,” said TRREB Chief Information Officer Jason Mercer. “GTA households must be confident in their employment situation before committing to long-term monthly mortgage payments, even in this more affordable market.”
Canada’s second largest market, Vancouver, also reported a significant drop in home sales, reaching a level not seen in more than 20 years. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 23,800 in 2025, a 10.4% decrease from the 26,561 sales recorded in 2024.
“We had a very weak starting point (to 2025) and that’s why overall sales are down, even though the sort of rally, the upward trend we predicted did happen, it just got really slammed back by that tariff shock,” Cathcart says in the latest CREA Housing Market Report.
Cathcart suggests because everything is in place, real estate markets could turn rather quickly come spring.
“Keep in mind new supply has been down in six of the last seven months, overall supply in the market isn’t piling up, it’s been falling since May because sales have been stronger, and so we’ve got a market now that really could turn around quite quickly if you’ve got a lot of buyers coming back to the market this spring, which is in our forecast.”
Will homes be more affordable in 2026?
In its most recent quarterly forecast, CREA says the national average price of a home is expected to rise 2.8% compared to 2025, going from $679,543 to $698,881.
Affordability dynamics, however, continue to vary widely by region. Prairie provinces such as Saskatchewan and Manitoba are expected to see some of the strongest growth over the next two years, building on already lower average prices. Quebec also stands out, with consistent price increases forecast through 2027, reflecting sustained demand and relative affordability compared with Ontario and British Columbia.
By contrast, higher-priced markets are projected to rise more gradually. After2025 saw a decrease in average prices for Ontario and British Columbia, these two provinces are expected to experience measured growth in 2026 and 2027. This slower pace may create windows of opportunity for buyers focused on major urban centres, but of course, your best option is to consult with a REALTOR® before making your next move.
“While we remain in the quiet time of year for a little while longer, the spring market is now just around the corner, and it is expected to benefit from four years of pent -up demand, and interest rates that at this point are about as good as they are going to get,” said Valérie Paquin, Chair of CREA’s 2025-2026 Board of Directors and a REALTOR® based out of Blainville, Quebec. “Barring any further major uncertainty -causing events, that means we should see a more active market this year. You can get a jump on your 2026 housing plans by contacting a local REALTOR ®.”
Si vous n’êtes pas encore au courant, REALTOR.ca a un nouveau chef de la direction.
Avant d’aborder son rôle et sa vision d’ensemble, nous voulions vous donner l’occasion de faire connaissance avec Scott Neil l’homme, et pas seulement le chef de la direction.
Scott s’est joint à REALTOR.ca en janvier, après avoir occupé le poste de chef de la direction chez Kijiji.
Au cours de sa première semaine à Ottawa, Scott a dû s’adapter à son nouveau poste, faire connaissance avec l’équipe de REALTOR.ca et, bien sûr, chercher une propriété.
Nous nous sommes entretenus avec lui pour savoir ce qui l’a attiré chez REALTOR.ca, la façon dont il perçoit le rôle de REALTOR.ca dans le paysage immobilier canadien et les projets qui le motivent pour l’avenir.
Et comme aucune présentation n’est complète sans quelques questions surprises, nous l’avons également soumis à une série de questions rapides dans 60 Seconds with Scott, abordant tous les sujets, du travail à la vie en dehors du bureau. (Devinez ce qu’il voulait devenir quand il était petit!)
Salon de REALTOR.ca: « Qu’est-ce qui vous a attiré vers REALTOR.ca à ce stade de votre carrière? »
Scott Neil : « C’est une occasion unique dans une carrière au Canada. REALTOR.ca est l’une des marques les plus dignes de confiance au Canada, et des millions de Canadiens s’y fient lors de l’un des moments les plus importants de leur vie. Il y a ici une base solide et une réelle occasion de s’appuyer sur ce qui a été construit, et d’avoir un impact significatif tant pour les Canadiens que pour les courtiers et agents immobiliers. »
Des inscriptions à la vie réelle
Salon: « Vous avez récemment déménagé à Ottawa. Comment s’est passée la transition? Et avez-vous eu recours à un agent immobilier ou à REALTOR.ca? »
Scott : « Nous sommes toujours en plein processus de déménagement, mais REALTOR.ca a joué un rôle important dans ce processus. Nous avons utilisé REALTOR.ca pour vendre notre propriété à Huntsville, et maintenant pour trouver une location à Ottawa pendant que nous découvrons la ville. Notre agent immobilier à Huntsville a été formidable et a rendu ce qui aurait pu être un processus stressant simple et bien géré. Cette expérience a vraiment renforcé la valeur de la plateforme et des professionnels qui la soutiennent. »
Salon : « Quand vous ne travaillez pas, comment aimez-vous passer votre temps? »
Scott : « Je suis une personne très active et j’adore être à l’extérieur. Je passe autant de temps que possible à faire du vélo, de la randonnée, du ski de fond et de la raquette. Mon épouse et moi aimons aussi beaucoup découvrir de nouveaux restaurants et passer du temps avec nos amis et notre famille. »
Diriger avec confiance
Salon : «Qu’est-ce qui rend REALTOR.ca si important dans le paysage immobilier canadien? »
Scott : « REALTOR.ca n’est pas seulement le site immobilier le plus populaire au Canada, c’est une référence. Les Canadiens comptent sur nous pour obtenir des informations précises, transparentes et fiables. Les courtiers et agents immobiliers comptent sur nous pour les mettre en relation avec des acheteurs et des vendeurs sérieux. Nous rassemblons les deux parties d’une manière que personne d’autre ne peut égaler. »
Salon : « En tant que site immobilier le plus populaire au Canada, quelle responsabilité cette position implique-t-elle? »
Scott : « Cette position s’accompagne d’une énorme responsabilité. Nous avons le devoir de protéger la confiance que les Canadiens nous accordent tout en continuant à faire évoluer et à développer la plateforme. Lorsque nous accordons la priorité aux utilisateurs et leur offrons une réelle valeur ajoutée, cela se traduit également par des résultats solides pour les courtiers et agents immobiliers et nous permet de continuer à investir pour améliorer encore plus la plateforme. »
Salon : « Comment envisagez-vous l’innovation tout en maintenant la confiance et l’exactitude des données? »
Scott : « La confiance, la transparence et l’exactitude des données ne sont pas des obstacles à l’innovation. Elles en sont le fondement. En utilisant de manière réfléchie des technologies telles que l’IA et l’apprentissage automatique, nous pouvons offrir aux Canadiens de meilleures informations, de meilleures expériences et encore plus de confiance dans les informations qu’ils utilisent pour prendre des décisions importantes. »
Perspectives d’avenir
Salon : «Qu’est-ce qui vous passionne le plus dans les perspectives de croissance de REALTOR.ca? »
Scott : « Ce qui me passionne le plus, c’est de faire évoluer REALTOR.ca au-delà de la simple recherche et l’affichage d’inscriptions pour couvrir tout le parcours immobilier. De la découverte et la planification à l’achat ou la location, en passant par le déménagement, la possession, la vie quotidienne et finalement la vente, nous pouvons être la destination pour tout ce qui touche au chez-soi. C’est une occasion formidable. »
Salon : «Le secteur immobilier traverse actuellement de nombreux changements. Comment REALTOR.ca peut aider les Canadiens en cette période d’incertitude? »
Scott : « En période d’incertitude, les gens ont besoin de clarté et de conseils fiables. REALTOR.ca fournit des données fiables, des informations transparentes et l’accès à des courtiers et agents immobiliers professionnels qui peuvent aider les gens à comprendre leurs options et à prendre des décisions en toute confiance. Cette stabilité est vraiment importante lorsque l’avenir semble incertain. »
Salon : « Quel rôle les courtiers et agents immobiliers jouent-ils dans le maintien de la confiance envers le secteur immobilier canadien? »
Scott : « Les courtiers et agents immobiliers sont au cœur de la confiance envers le secteur immobilier canadien. Ils apportent leur expertise, leur éthique et leur sens des responsabilités à chaque transaction. REALTOR.ca fournit aux Canadiens les données et les inscriptions, mais ce sont les courtiers et agents immobiliers qui fournissent les conseils et le jugement humain qui transforment ces informations en décisions prises en toute confiance. Ensemble, c’est ce qui permet au marché de fonctionner. »
Ce qui ressort clairement de la conversation avec Scott, c’est son profond respect pour le rôle que joue REALTOR.ca dans la vie des gens et pour les professionnels qui les aident à s’y retrouver.
Alors que les Canadiens continuent à s’adapter au paysage immobilier en pleine évolution, REALTOR.ca demeure fidèle à ce qui a toujours compté le plus : la confiance, l’exactitude des données et l’aide apportée aux gens pour prendre des décisions en toute confiance concernant leur chez-soi.
Nous sommes ravis que Scott nous guide dans cette voie, et nous ne faisons que commencer!
If you haven’t heard by now, REALTOR.ca has a new head of the household.
Before we get into job descriptions and big-picture thinking, we wanted to give you the opportunity to get to know Scott Neil as the person, not just the CEO.
Scott joined REALTOR.ca in January, previously serving the role of CEO at Kijiji.
During his first week in Ottawa, Scott balanced settling into the job, getting to know the REALTOR.ca team, and yes, house hunting.
We sat down with him for a candid Q&A about what drew him here, how he sees REALTOR.ca’s role within Canada’s real estate landscape, and where he’s excited to take things next.
And because no introduction is complete without a few curveball questions, we also put Scott in the hot seat for a quick round of 60 Seconds with Scott, covering everything from work to life outside the office. (Take a guess what he wanted to be growing up!)
REALTOR.ca Living Room: “What drew you to REALTOR.ca at this point in your career?”
Scott Neil: “This is a once in a career opportunity in Canada. REALTOR.ca is one of the most trusted brands in the country and millions of Canadians rely on it at one of the most important moments of their lives. There is a strong foundation here and a real opportunity to build on it and make a meaningful impact for both Canadians and REALTORS®.”
From listings to real life
Living Room: “You recently relocated to Ottawa. How has the transition been… and are you using a REALTOR® or REALTOR.ca?”
Scott: “We are still in the process of relocating, but REALTOR.ca has been a big part of that journey. We used REALTOR.ca to sell our home in Huntsville and now to find a rental in Ottawa while we get to know the city. Our REALTOR® in Huntsville was outstanding and made what could have been a stressful process feel simple and well managed. That experience really reinforced the value of the platform and the professionals behind it.”
Living Room: “When you’re not working, how do you like to spend your time?”
Scott: “I am a very active person and I love being outdoors. I spend as much time as I can cycling, hiking, cross country skiing, and snowshoeing. My wife and I also really enjoy discovering new restaurants and spending time with friends and family.”
Leading with trust
Living Room: “What makes REALTOR.ca uniquely important in Canada’s real estate landscape?”
Scott: “REALTOR.ca is not just the leading real estate site in Canada — it is the authority. Canadians rely on us for accurate, transparent, and trusted information. REALTORS® rely on us to connect them with serious buyers and sellers. We are the marketplace that brings both sides together in a way no one else can.”
Living Room: “As the No. 1 real estate site in Canada, what responsibility comes with that position?”
Scott: “With that position comes a tremendous responsibility. We have a duty to protect the trust Canadians place in us while continuing to evolve and grow the platform. When we put users first and deliver real value, it also creates strong outcomes for REALTORS® and allows us to keep investing in making the platform even better.”
Living Room: “How do you think about innovation while maintaining trust and accuracy?”
Scott: “Trust, transparency, and accuracy are not barriers to innovation. They are the foundation of it. By using technologies like AI and machine learning in thoughtful ways, we can give Canadians better insights, better experiences, and even more confidence in the information they are using to make important decisions.”
Looking ahead
Living Room: “What excites you most about where REALTOR.ca can grow next?”
Scott: “What excites me most is expanding REALTOR.ca beyond just search and listings into the full home journey. From discovering and planning, to buying or renting, to moving, owning, living, and eventually selling, we can be the destination for everything connected to a home. That is a powerful opportunity.”
Living Room: “The real estate industry is navigating a lot of change. How can REALTOR.ca support Canadians during uncertain moments?”
Scott: “During uncertain times, people need clarity and trusted guidance. REALTOR.ca provides reliable data, transparent information, and access to professional REALTORS® who can help people understand their options and make confident decisions. That stability really matters when things feel uncertain.”
Living Room: “What role do REALTORS® play in maintaining trust and confidence in the marketplace?”
Scott: “REALTORS® are at the heart of trust in Canadian real estate. They bring expertise, ethics, and accountability to every transaction. REALTOR.ca gives Canadians the data and the listings, but REALTORS® provide the guidance and human judgment that turn that information into confident decisions. Together, that is what keeps the market working.”
What comes through clearly in talking with Scott is a deep respect for the role REALTOR.ca plays in people’s lives and for the professionals who help guide them through it.
As Canadians continue to navigate a changing real estate landscape, REALTOR.ca remains focused on what has always mattered most: trust, accuracy, and helping people make confident decisions about home.
We’re excited to have Scott leading the way — and we’re just getting started!
This article was written by Winnipeg, Manitoba, resident April Carandang. April is a photographer and visual storyteller who documents urban life, travel, and cultural encounters.
Winnipeg, Manitoba, might surprise you. Located in the heart of the prairies, where the Red and Assiniboine Rivers meet, this city has a rich history. Indigenous peoples have lived here for thousands of years and the city itself was established as a fur trading post in the 17th century. Today, Winnipeg is a vibrant multicultural hub with friendly people, fierce (but fun!) winters, and a thriving arts and culture scene.
This article was originally published May 31, 2024, and has been updated to ensure the information remains accurate and relevant.
Skating trails at Assiniboine River. Image via April Carandang
Did you know?
Winnipeg is nicknamed “Winterpeg” for a reason. Living through the long harsh winters is seen as a badge of honour here. But we Winnipeggers are experts at making the most of the season. The city boasts one of the world’s longest natural skating rinks—the scenic Assiniboine and Red River Trail. During the winter, the rivers freeze and become a place for skating paths, warming huts, and even pop-up restaurants.
Every February, the city celebrates Festival du Voyageur, Western Canada’s largest winter festival. This incredible event honours Winnipeg’s fur-trading past and French heritage with historical reenactments, music, delicious food, snow sculptures, and a market showcasing local artisans.
Winnipeg has a variety of neighbourhoods, each with their own distinct charm. Osborne Village is a personal favourite, brimming with local shops, historic homes, and acclaimed restaurants. It was even crowned Canada’s greatest neighbourhood by the Canadian Institute of Planners.
Families love neighbourhoods like Wolseley, River Heights, North Kildonan, and St. James with their beautiful parks and excellent schools. In 2023, the Globe and Mail ranked Winnipeg as the No. 1 place in Canada to raise children, listing factors like affordability, a friendly atmosphere, and a strong focus on education.
Another historical neighbourhood is the Exchange District. This area is full of art galleries, converted warehouses, and shops. These converted warehouses are home to a thriving community of artists, artisans, makers, and creatives. During First Fridays in the Exchange, the district ups its game. It’s one of my favourite art events in the city because it’s the perfect opportunity to explore galleries, attend artist talks, and discover pop-up events hosted by shops and restaurants.
But Winnipeg’s charm lies beyond the well-known areas—like in the West End. This neighbourhood is home to a variety of local and international inspired independent grocers, bakeries, and cafés.
Here you’ll find Sargent Avenue, where you can tour the world by tasting the restaurants along the avenue. From Vietnamese, to Mexican, to Ethiopian, to Portuguese, the choices are endless.
Also, don’t forget to check out the murals made by talented artists located all throughout the neighbourhood. From these beautiful murals you can learn stories about West End’s history and culture. Don’t miss Zoohky’s mural, a tribute to a beloved West End local, who roamed the neighbourhood for decades, fixing discarded items and writing poetry.
Did you know? Residential detached sales in Winnipeg were up 17% to 2,668 when compared to the 2,276 seen through April 2023, while the average residential detached price of $436,535 was up 7% when compared to April 2023. This is still well below the Canadian national average price of $703,446 in April 2024. Looking to make the move? Contact a REALTOR® in Winnipeg today!
Lemon Pepper Manitoba Pickerel from Feast Bistro. Image via April Carandang
Culinary favourites in Winnipeg
No Winnipeg exploration is complete without experiencing its amazing culinary scene, dubbed as a “standout” by food critics. Here are a few of my personal favourites:
Hello Asian Fusion: This local gem basically offers authentic homemade Hong Kong cuisine. Try the satay beef stirred noodles with the most unforgettable flavourful and tender beef I’ve ever tasted in my life. Pair it with the refreshing salted lemon Sprite for a perfect meal.
Feast Bistro: Another amazing restaurant that is 100% Indigenous-owned and is located in the West End. The restaurant serves modern dishes rooted in traditional Indigenous ingredients. This is a must-try for a delicious experience.
Sub-Zero Ice Cream: This popular local ice cream shop has been serving up the creamiest, richest ice cream since 1988. During summer, lines get long so be patient because trust me, it’s worth the wait!
Cleocatra Café: This perfect place for coffee and cat lovers is located along Portage Avenue (which also doubles as a section of the Trans-Canada Highway). The café is decorated with vintage items and cat-inspired art, which makes it nice and cozy. You can have coffee and, once you’re done, you can play with the cats. They partner with local rescues to showcase cats that are vaccinated and spayed or neutered and ready for adoption.
Is there anywhere in Winnipeg I would always recommend to check out? Yes. I always say go to The Forks. This place at the junction of the Red and Assiniboine Rivers has been a meeting point for centuries and it’s like a microcosm of Winnipeg itself.
There are so many things you can do: you can explore the market and find some bread or grab lunch from any of the amazing restaurants.
Looking for your sports fix? You’ll enjoy watching the NHL’s Winnipeg Jets and the Canadian Elite Basketball League’s Winnipeg Sea Bears at the Canada Life Centre. Football fans are in luck because the CFL’s Winnipeg Blue Bombers are considered a “modern dynasty” having made an appearance in five of the last six Grey Cups.
You can browse the shops and support local artisans, or walk the riverside paths. But honestly, sometimes, the best things to do at The Forks is nothing at all. Just grab your favourite warm or cold drink, find a spot on the patio with friends and family, and soak up the sun or that crisp winter air. The Forks is a great spot to spend time with people any time of the year.
Which brings me to say, Winnipeg’s best kept secret might just be its friendly people. We even have it on our license plates, “Friendly Manitoba”. We Winnipeggers are known for being warm and welcoming, so don’t be shy! Start a conversation with someone on the street, ask for their favourite spots, and get ready to be surprised by this hidden gem of a city. Trust me, Winnipeg will win you over.
Looking for more in Manitoba? Check out these Neighbourhood Guides:
Doing your due diligence before buying a condo is of the utmost importance. Potential questions include:
What are the service terms for board members?
Does the condo board have a reserve fund and how much money is in it?
Does the condo have any upcoming major repairs?
Are water, electricity or heating included?
Is maintenance of common areas (garbage pickup, snow removal, etc.) covered by condo fees?
They’re all questions you’ll want answers to before you decide to put in an offer.
Whether you live in a big city full of condos like Toronto, Ontario, or a smaller town like Canmore, Alberta, condos are often seen as a first step in homeownership for young adults. They’re also popular among seniors looking for low-maintenance spaces, and those who want the perks of amenities with hassle-free living.
So, what should you be asking before purchasing a condo?
This article was originally published Nov. 16, 2022, and has been updated to ensure the information remains accurate and relevant.
Jesse Melo, a REALTOR® in Hamilton, and salesperson with the Golfi Team – ReMax Escarpment, says reviewing the status certificate before finalizing the purchase of a condo is a must.
It offers a financial and structural snapshot of the building and the corporation. The certificate can tell you if the building has a healthy reserve fund for maintenance and repairs, as well as essential information regarding whether the current owners owe on condo fees or how much the condo fees have risen year over year. Early in the purchasing process, be sure to get your hands on this essential document and have it reviewed by your REALTOR® and a lawyer.
2. Have there been any special assessments on the building?
A special assessment is when a condo corporation cannot pay for a major unexpected repair or expense from the existing reserve fund. Each unit is then expected to pay an extra charge on top of monthly maintenance fees in order to complete the repair or cover the costs.
“When reviewing the condo status certificate, it’s important to make sure the corporation’s reserve fund is at a stable and healthy level,” Melo says. “This could indicate whether the likelihood of a special assessment in the future is low.”
Be on the lookout for any past special assessments and ask the board of directors or property management about any long-term future repairs or maintenance. Be sure to check on the status of snow maintenance, paving, landscaping, plumbing, wiring, pest control, and insurance. Before making a purchase, you want to make sure your condo is in sound structural and financial shape.
3. What is your policy on pets?
Melo says pets are a big topic for condo boards. Condos can have bylaws and policies that govern what kind, the number, and size of pets you can have in your home. Some condos even have bylaws requiring your pet to be approved by the board of directors. If you have a pet, either prior to putting in or before finalizing an offer, it might be worth submitting a pet application to the condo board for approval. Also, keep in mind your furry pal may not be allowed in common areas around your building like the lawn or courtyard, so take a look for nearby public parks if these aren’t options. Lastly, always get your pet approval in writing in case bylaws change down the road.
4. What amenities are available?
Go and check out the amenities during your condo showing! Visit the gym, sauna, outdoor area, party room, and pool if your building is equipped with any or all of these. Taking a look around will help you determine if management has been staying on top of maintenance.
“The more amenities a building has, the higher the reserve fund should be,” Melo suggests. This is so they can cover the cost of maintaining them all. Moreover, “the more amenities your condo has, the higher your condo fees could be, so you really have to look at what you will be paying for and consider if it is worth it”.
Ask about scheduled maintenance, too. For example, ask how frequently the pool is closed for cleaning or seasonally. You should also ask about who can use the amenities (i.e. are guests able to use the gym?). It’s all well and good for your condo building to have a pool, but if it’s only available a few months of the year, it may not be as great a benefit as you think.
5. Can you tell me about the board of directors?
A condo board of directors is responsible for the building’s physical and financial well-being. They make all of the major decisions and uphold the condo’s by-laws and rules. A board is usually elected by owners, and can be made up of owners and, in some cases, tenants. Ask your board for a copy of the condo bylaws, as well as if there are any grandfather clauses in place. It also wouldn’t hurt to speak with the chair or sit in on a board meeting (if possible) to get a feel for the condo corporation’s culture.
Owning a condo is different from owning a single-family or townhome, as there are a lot more hands involved with the daily maintenance and running of the building. However, they can be a great investment, are typically closer to city centres, and can offer great amenities.
When searching for a condo, working with a REALTOR® has many benefits as they can provide you with market information, help you navigate all of your questions and ensure you’re well-informed to find a condo that’s the right fit for you and your future.
With a new year here, many homeowners get inspired to give their spaces a glow-up. But since it’s not always practical to knock down walls or rip out kitchen cabinets and flooring, we asked two DIY design experts to share their tips on upgrading and revamping your kitchen without breaking the bank.
When you’re short on time, money, DIY skills—or all of the above—even small changes can help a kitchen shine, says Halifax-based interior design consultant and TV host Rebekah Higgs, also known as DIY Mom.
“Start with surface-level changes,” says Higgs. “A fresh coat of paint on the walls or cabinets can instantly refresh the space. If you’re painting cabinets, consider hiring a spray company that can give you a factory finish, or roll on thin coats of enamel paint yourself. Just allow a minimum of 18 hours between coats for the best results.”
Calgary-based DIY content creator Bailey Exner recently helped her parents transform cabinets with paint and recommends using an all-in-one product.
“[There are kits that] include a surface de-glossing solution you just wipe on, a base coat you can get tinted to a bunch of different colours, and a topcoat,” says Exner. “It’s easy—there’s no sanding, stripping or priming. They market it as only needing one coat, but we did two coats of creamy white because we were covering up a dark wood.”
Exner took off the doors and painted them in the garage and painted the bases in place. She says the project can be done over a long weekend, including drying time.
“The basecoat needs to cure for 24 hours before you do the topcoat,” she explains. “You save a ton of money. The time is the investment, but then you can feel proud of yourself when you’re looking at something you did yourself.”
Image via Bailey Exner
Swap out your hardware in the kitchen
Exner changed the hardware on all her cabinet doors and drawer fronts in her own kitchen.
“They had builder-grade, nickel hardware you see in every house, so we upgraded it to a more substantial, matte look and it’s just made such a difference,” she says.
Look for hardware that fits into your existing holes to avoid having to fill and drill new ones.
Image via Bailey Exner
Beautify your kitchen backsplash with peel-and-stick tiles
If your backsplash screams “blah” rather than “bling”, there’s no need to sledgehammer those tiles away, says Exner.
“Peel-and-stick tiles are big and there are some good quality products out there,” she notes.
You can also purchase double-sided adhesive tile mats that go over existing tile so you can then lay new tiles on top. This means no messy mortar required! The mats also work if you don’t have a backsplash—just apply it to the drywall and start your tiling project.
If you like the shape and style of your existing backsplash tiles, but not the colour, there’s an easy fix, advises Higgs.
“Consider painting or resurfacing them with products that bind directly to tile or cover them with solid stone for a more polished look,” she says.
Image via Bailey Exner
Change the sink faucet in your kitchen
Exner’s home, built in 2016, featured a kitchen that didn’t require major work, but the finishes felt boring to her.
“When we moved in, there was a standard silver and nickel faucet, so we changed it out for a nice matte black one, which gave us a more industrial style,” says Exner.
Image via Rebekah Higgs, photo credit Matthew McMullen
Add luxe lighting in your kitchen
Not loving the plain pendants over your island? Take them down, advises Exner.
“Lighting can make such a huge impact, even if you just replace the lightbulbs and go from a blue light to warmer lighting,” she says.
Exner opted to change out her plain glass pendants for luxurious bell-shaped gold ones and she installed a unique black metal fixture over the sink that elevated the space.
Image via Rebekah Higgs, photo credit Matthew McMullen
Pop in some personality
If you have an eat‑in kitchen, consider recovering your chairs or getting pretty new placemats or cloth napkins to inject a punch of colour.
“Just freshening up the décor can make such a huge difference like in your space,” says Exner, who suggests beginning by styling your countertops.
“Add functional décor, whether it’s a bread box or some baskets to keep paperwork in, then you can put some cute items on the countertop, like pieces of art, a candle warmer, or a little lamp.”
Higgs says other quick wins include adding a runner rug or a few well-placed plants to bring in some texture and warmth without any major expense.
“Don’t underestimate the power of organization. Cleaning up your counter space and tucking things out of sight can go a long way,” she says.
Exner likes putting out refillable coloured glass bottles with pretty labels for hand and dish soap beside the sink. She also opted to remove the plain slat blinds in her kitchen, replacing them with custom-made linen, retractable shades, which created a chic look.
Image via Bailey Exner
Invest wisely and save where you can
“Think about where your eye lands every day—those areas are often worth the splurge,” says Higgs. “A new faucet, panel-ready appliances, or even just replacing a tired fridge or stove can instantly elevate the kitchen’s feel and function. You can also rethink your cabinetry: extend cabinets to the ceiling for a custom feel or remove a few uppers to create floating shelves that open up the room.”
Installing a new range hood, whether custom-built or just upgraded, can become a striking focal point, too, she adds.
Sometimes, the secret to a whole new look is right in front of your eyes. When Higgs redid her kitchen, she found a way to upcycle her existing solid cherry wood cabinets.
“When you flip the oxford style door over, you get a shaker style cabinet door,” she explains.
Higgs opted to paint her old cabinets, change the kitchen layout, and add paneling to the back of her kitchen island.
“Where you can save is in the details you can DIY: open shelving instead of all new uppers, painting cabinets rather than replacing them, or choosing affordable lighting that still makes a statement,” she says.
“Small appliances can be tucked away to keep counters looking clean, while larger investments—like a durable countertop—are best made where longevity and daily use really matter. The balance of saving and splurging keeps the kitchen both beautiful and budget friendly.”
When you think of Canadian communities with the most home sales growth, the big cities like Toronto, Vancouver and Montreal may come to mind first.
But this list isn’t about quantity. We’re using data provided by the Canadian Real Estate Association to talk about growth—as in percentages and which Canadian communities saw the largest increase in transactions compared to last year.
Why do this? Well, everyone loves a Top 10 list, but it can also give us a glimpse into overall market conditions. Communities experiencing strong sales growth often indicate rising demand, improving local economies, or increased desirability. For buyers and investors, these areas can be early signs of up-and-coming markets.
While each area has its own story to tell, a closer look at the top 10 Canadian communities with the highest year-over-year growth in home sales in 2025* reveals a few interesting trends: affordability, outdoor lifestyle appeal, and strong local economic or demographic shifts lead the way in these locales.
With that, let’s take a look at the leaders.
*This list and the data below is based on home sales growth percentage from January to November 2025, compared to the same time in 2024. All data is from the Canadian Real Estate Association or local real estate boards and associations current as of Dec. 1, 2025.
Powell River, British Columbia. Picture by Sandy Adams via Canva.com
No. 1: Powell River, British Columbia – 19.9% growth
Topping the list for 2025 is Powell River, a scenic community on British Columbia’s Sunshine Coast that saw home sales climb by 19.9% year-over-year.
Located 130 kilometres northwest of Vancouver, Powell River has a population of about 14,000 people and is known for its relaxed pace of life, spectacular ocean views (make sure to catch a sunset at Willingdon Beach Park), and deep connection to the outdoors. Residents enjoy quick access to kayaking, hiking, mountain biking, and an emerging arts scene rooted in the historic Townsite district.
A major driver behind the city’s growth has been its appeal to remote workers and retirees seeking more affordable home prices than those found in larger markets of British Columbia. Improved ferry reliability and airport access have also contributed to increased interest from buyers who want the West Coast lifestyle without the cost of major cities.
According to the Powell River Sunshine Coast Real Estate Board, new listings were down in November compared to the same time last year, and the median sale price is essentially unchanged, currently sitting at $625,000.
Located in Oxford County in southwestern Ontario, Tillsonburg lands in the No. 2 spot with a 17.4% increase in home sales.
Tillsonburg is a growing community of more than 20,000 people. It remains an attractive option for families and retirees thanks to its welcoming small-town feel, expanding retail and commercial amenities, and access to outdoor spaces including the Lake Erie shoreline. Looking for something to do? Explore history at the Annandale National Historic Site, catch a show at the Station Arts Centre, or cool off at Lake Lisgar Waterpark.
The Woodstock Ingersoll Tillsonburg & Area Association of REALTORS® reports there were 681 units on the market at the end of November, an 11.6% increase compared to the same time last year. The average price of a home here is $612,266—am 8.4% decline compared to 2024.
Nestled in the northern region of Hastings County, Bancroft posted impressive home-sale growth of 14.4% in 2025.
Bancroft’s natural beauty—rolling hills, lakes, trails, and year-round recreational opportunities—continues to draw both longtime Ontarians and newcomers from the Greater Toronto Area looking for affordability and space.
The community has also benefited from expanding tourism, a growing arts culture, and has earned the title of “Mineral Capital of Canada.”
Even with a population of just more than 4,000 people, Bancroft is the cultural, social, and commercial centre of North Hastings. Banks, grocery stores, hospital, a long-term care facility—it packs a lot into a rural community. And you can see it all from the Eagle’s Nest Lookout, a popular spot in town to see the town enveloped by the Ottawa Valley’s rolling hills.
Housing demand has been especially strong among buyers seeking rural and recreational properties, helping propel the region’s sales growth. Year-to-date data from the Central Lakes Association of REALTORS® shows the average price of a detached home in Bancroft is $475,782.
Next we’re going all the way north to the Yukon, recording a 12.4% increase in home sales year-over-year.
The territory’s stunning wilderness landscapes, thriving arts and cultural scene, and strong local economy continue to make it one of Canada’s most desirable northern regions. But, as in the Northwest Territories, limited housing supply (especially in and around Whitehorse) remains a defining factor driving demand.
Data from the Yukon Bureau of Statistics shows the average price of a detached home sold in the territory’s capital of Whitehorse was $698,900 during the second quarter.
As a vibrant regional centre of around 17,000 people, Swift Current combines the charm of small-city living with essential services and amenities that many homebuyers value. From quality schools and healthcare, to active recreational options and cultural attractions like the historic Lyric Theatre, Swift Current is a great mix of affordability and community-oriented amenities.
One of Swift Current’s most compelling draws is its housing affordability. Median home prices and rents in the city are significantly below national averages, making it easier for buyers to enter the market and build equity. According to the Saskatchewan REALTORS® Association, the average home price in Swift Current at the end of November was $283,200. Year-to-date sales are currently 24% higher than they were at the same time in 2024.
The community offers a high quality of life with plentiful parks, trails like the Chinook Pathway, golf courses, and supportive newcomer services, helping residents settle in comfortably. Swift Current’s position on the Trans-Canada Highway also provides excellent connectivity to larger centres, while its strong community feel and safety appeal to families and retirees alike.
In northwestern Ontario, Thunder Bay posted 11.7% growth in home sales throughout 2025.
Thunder Bay’s affordability remains a major draw, especially for first-time buyers and young families. Proximity to Lake Superior, Sleeping Giant Provincial Park, and countless hiking and paddle routes, along with increasing investment in local healthcare, education, and transportation infrastructure, all contribute to steady demand.
The median sale price for single detached homes sold in November 2025 was $375,000, up by 4.3% from November 2024, according to the Thunder Bay Real Estate Board.
Returning to the top 10 again this year, the Sherbrooke CMA posted 11.5% growth in 2025.
Sherbrooke’s appeal remains rooted in its strong educational institutions, vibrant cultural life, and location amid the rivers, forests, and rolling hills of the Eastern Townships. The city continues to attract students, young professionals, and families from across Quebec and other provinces.
Explore the Circuit des murales (Mural Circuit) for street art, walk the promenade de la gorge de la rivière Magog for scenic views, and visit Parc du Mont-Bellevue for nature and hiking.
Its market remains active and competitive. In November 2025, the average sale price was $501,697, representing a significant 15.6% increase compared to 2024.
The Northwest Territories once again makes the top 10 list with 11.2% growth in home sales this year.
Much like in recent years, demand continues to be shaped by the region’s spectacular natural environment, strong cultural heritage, and tight housing inventory—particularly in communities like Yellowknife. Limited supply, higher development costs, and a shortage of available land continue to place upward pressure on prices.
If you’re looking for stunning natural beauty, all-season outdoor adventures and unique Indigenous experiences, all while embracing a subarctic climate (or polar, depending where you settle), this territory could be the move. It’s also one of the best places in the world to see the spectacular Aurora Borealis, or Northern Lights.
With a population of now more than 45,000 people, the Northwest Territories have seen renewed interest from Canadians seeking adventure-focused lifestyles, work opportunities in certain sectors, and the unique experience of northern living.
Known for its strong mining heritage and access to vast northern wilderness, Timmins saw home sales rise 11% year-over-year.
Affordability, not to mention access to the outdoors (a common theme in all of these locations), is a key factor attracting buyers to Timmins, particularly those who value larger lots and a quieter pace of life. Hiking at Gillies Lake and Kettle Lakes Provincial Park or embracing winter at Mount Jamieson Resort are some of the top outdoor activities here.
Continued economic activity in natural resources and increased employment opportunities have helped boost confidence in the local housing market.
No. 10: South Okanagan, British Columbia – 10.8% growth
The South Okanagan region—home to communities like Penticton, Summerland, and Osoyoos—recorded 10.8% growth in home sales this year and rounds out or top 10 list.
With its warm climate, vineyards, lakefront recreation, and renowned culinary scene, the region continues to be a popular destination for retirees, remote workers, and families seeking a lifestyle-focused community. Steady population growth, coupled with limited new housing construction in some areas, has contributed to a competitive market.
As of publishing, this region is experiencing a rise in listings and low sales activity, meaning there may be some enticing options on the market.
If swimming in Okanagan Lake, hiking the Myra Canyon Trestle trail, or skiing at Apex Mountain Resort sounds like fun to you, take a look at some of the listings below.
Curious how home sales are trending where you live? Want to know about a specific community you’re thinking about calling home?
A REALTOR® can give you the most accurate, up-to-date insights, along with expert guidance to help you make confident decisions about buying or selling, no matter what the market conditions are.
De nombreux Canadiens renouvellent leur prêt hypothécaire sans poser de questions, ce qui les amène souvent à payer un taux plus élevé pour un produit hypothécaire qui ne répond pas à leurs besoins. Rendez-vous service et ne signez pas une lettre de renouvellement sans avoir fait les vérifications nécessaires. Évaluez votre situation actuelle, établissez un plan, et laissez les prêteurs rivaliser pour traiter avec vous. Ainsi, vous vous assurerez d’obtenir le meilleur prêt hypothécaire possible. Voici quelques conseils à suivre avant de renouveler votre prêt hypothécaire.
N’attendez pas la dernière minute pour renouveler votre prêt hypothécaire. Commencez à réévaluer vos besoins bien avant la date de renouvellement afin de vous assurer d’obtenir le meilleur taux et le produit hypothécaire qui convient le mieux, tant à vous qu’à votre famille. L’Association canadienne de l’immobilier (ACI) recommande de vous préparer et d’évaluer vos besoins quatre mois avant la date de renouvellement. Cette démarche comprend ce qui suit :
Faire des recherches sur le marché actuel pour connaître les tendances, les taux d’intérêt, et les produits que les prêteurs offrent.
Se renseigner sur les options offertes, notamment sur tout ce qui concerne les hypothèques inversées.
Évaluer sa situation financière actuelle selon des éléments tels que ses objectifs d’épargne, l’éducation des enfants, et le regroupement des dettes.
Faites vos recherches
À l’approche de la date de renouvellement, il est important de faire des recherches sur les produits, les conditions, les taux d’intérêt, ainsi que sur les tendances concernant les taux d’intérêt. Il est également recommandé de comparer les offres et de vous renseigner sur les divers prêteurs avec lesquels vous pouvez traiter. Le site Web de l’Agence de la consommation en matière financière du Canada est un excellent point de départ pour vos recherches, car il offre de nombreuses ressources à jour, notamment des réponses aux questions fréquemment posées sur le renouvellement des prêts hypothécaires. Votre courtier ou agent immobilier est une autre excellente ressource à consulter pour obtenir des conseils sur les éléments à examiner lors du renouvellement de votre prêt hypothécaire.
Demandez un taux plus bas
Une stratégie simple, mais souvent oubliée lorsque vous renouvelez votre prêt hypothécaire, consiste à négocier un taux d’intérêt plus bas avec votre prêteur actuel. Malgré ce qui est indiqué dans votre lettre de renouvellement, qui doit vous être envoyée au moins 21 jours avant la date de renouvellement, vous pourriez avoir droit à un meilleur taux. Si vous ne demandez pas un taux plus bas et de meilleures conditions, votre prêteur pourrait automatiquement renouveler votre prêt hypothécaire à un taux plus élevé que celui auquel vous avez droit.
Lorsque vous négociez le renouvellement de votre prêt, informez votre prêteur des offres que vous avez reçues d’autres institutions financières ou courtiers hypothécaires concurrents. Faites en sorte que les prêteurs rivalisent pour traiter avec vous.
Voyez ce moment comme un nouveau départ
Il est fort probable que votre situation ait beaucoup changé depuis que vous avez contracté votre prêt hypothécaire initial, ou que des événements importants se soient produits et aient influencé le marché. Par exemple, vous ou votre conjoint avez peut-être changé de carrière, vos enfants ne vivent peut-être plus à la maison, ou les taux d’intérêt ont peut-être baissé en raison de facteurs externes. Selon l’ACI, les taux d’intérêt n’ont jamais été aussi bas qu’aujourd’hui, sauf pendant la pandémie de la COVID-19. Le fait que votre prêteur n’ait pas procédé à une réévaluation ne signifie pas que vous devez accepter d’emblée le même prêt hypothécaire.
Découvrez de nouvelles possibilités
Les prêteurs innovent régulièrement en ce qui concerne les produits et les caractéristiques des prêts hypothécaires, ce qui signifie que vous pourriez réaliser des économies. Ces innovations comprennent notamment des options de remboursement anticipé améliorées, des programmes de remise en argent, des amortissements, des plans de remboursement accéléré, et des possibilités d’investissement.
Envisagez-vous de construire plutôt que d’acheter? Voici ce que vous devez savoir sur la manière d’obtenir un prêt hypothécaire pour construire la propriété de vos rêves.
Renouvelez, mais pas nécessairement avec le même prêteur
Lorsque votre prêt hypothécaire arrive à échéance, rien ne vous oblige à continuer de traiter avec le même prêteur. Si une autre banque ou un autre courtier hypothécaire vous offre un taux plus avantageux ou de meilleures conditions, vous êtes libre de changer de prêteur. Ce moment vous offre aussi l’occasion de créer de la concurrence chez les prêteurs et de les faire rivaliser pour traiter avec vous. À cette étape, vous êtes aux commandes, donc assurez-vous de tirer parti de toutes les occasions qui s’offrent à vous.
Il est recommandé de commencer à explorer vos options bien avant la date de renouvellement. Si vous attendez de recevoir la lettre de renouvellement de votre prêteur, vous risquez de laisser passer l’offre qui répond le mieux à vos besoins.
Refinancez
Vous pouvez économiser des milliers de dollars au moment du renouvellement si vous envisagez de refinancer et de retirer des fonds en fonction de la valeur de votre propriété. Lorsque votre prêt hypothécaire arrive à échéance, aucune pénalité pour remboursement anticipé ne s’applique. Si vous envisagez de profiter d’occasions d’investissement, de rénover votre propriété, de consolider vos dettes, ou de payer les études de vos enfants, le moment du renouvellement est idéal pour le faire.
Ne laissez pas les frais vous intimider
Si vous décidez de changer de prêteur lors du renouvellement de votre prêt hypothécaire, vous pourriez devoir payer des frais supplémentaires, notamment :
des frais administratifs liés au nouveau prêteur, comme les frais de mainlevée pour votre ancien prêt hypothécaire, et les frais d’enregistrement du nouveau prêt;
des frais de transfert ou de réaffectation imposés par votre prêteur actuel;
si nécessaire, des frais d’évaluation pour confirmer la valeur actuelle de votre propriété.
Les autres frais dont il faut tenir compte sont les primes d’assurance prêt hypothécaire et les charges collatérales sur votre prêt hypothécaire initial. Pour éviter de payer deux fois la prime, assurez-vous d’informer votre nouveau prêteur que vous détenez actuellement une assurance prêt hypothécaire et fournissez-lui votre numéro de certificat.
Si vous souhaitez changer de prêteur et que votre prêt hypothécaire comprend des charges collatérales, vous devrez probablement payer des frais avant d’enregistrer votre prêt hypothécaire auprès d’un nouveau prêteur. Pour éliminer complètement ces charges, vous devez rembourser intégralement le prêt ou transférer tous les contrats de prêt garantis par les charges collatérales, tels que les marges de crédit ou les prêts automobiles, au nouveau prêteur.
N’hésitez pas à demander à votre nouveau prêteur s’il accepte d’inclure les frais de mainlevée dans le nouveau prêt hypothécaire. Il pourrait même couvrir une partie ou la totalité des frais afin de vous attirer comme client, mais vous ne le saurez pas si vous ne lui posez pas la question.
Malgré leur présence, ces frais supplémentaires sont généralement minimes comparativement aux économies que vous réaliserez à long terme sur les intérêts.
Préparez-vous à plus de formalités si vous changez de prêteur
Comme mentionné ci-dessus, changer de prêteur peut entraîner de nouveaux frais, et nécessite des recherches et des démarches supplémentaires de votre part. Puisque le renouvellement de votre prêt hypothécaire auprès d’un nouveau prêteur est considéré comme un tout nouveau prêt hypothécaire, vous devez recommencer tout le processus de demande. Ainsi, vous devez prouver vos revenus et faire vérifier votre solvabilité. Il est donc important d’évaluer soigneusement vos options avant de prendre la décision de changer de prêteur.
Cherchez à conserver le même montant pour vos versements
Si votre versement mensuel initial était supportable à un taux plus élevé, il est conseillé de le maintenir au même montant après le renouvellement de votre prêt hypothécaire. Puisque le taux d’intérêt est susceptible de baisser, le fait de conserver le même versement mensuel vous permettra de rembourser votre prêt hypothécaire plus rapidement et d’assurer votre sécurité financière.
Gardez à l’esprit que le fait de vous reposer sur vos lauriers peut vous coûter des milliers de dollars lors du renouvellement de votre prêt hypothécaire. N’attendez pas votre lettre de renouvellement et ne laissez pas votre prêteur renouveler automatiquement votre prêt sans que vous ayez effectué les vérifications nécessaires. Agissez de manière proactive et prenez les devants plusieurs mois avant la date de renouvellement.
Bien que les dernières données sur le marché immobilier indiquent que les ventes résidentielles au Canada restent stables ces derniers temps, un examen de la même période l’année dernière révèle une situation différente.
En novembre 2025, les ventes résidentielles ont diminué de 10,7 % par rapport à novembre 2024, selon les dernières données de L’Association canadienne de l’immobilier (ACI).
Si cette baisse peut sembler spectaculaire, elle est moins frappante lorsque l’on examine la situation dans son ensemble.
Nous y reviendrons ci-dessous, mais voici d’abord ce que vous devez savoir :
Les ventes résidentielles ont baissé de 0,6 % entre octobre et novembre.
Les ventes mensuelles réelles (non désaisonnalisées) étaient inférieures de 10,7 % par rapport à novembre 2024.
Le prix moyen réel (non désaisonnalisé) des propriétés vendues au pays a baissé de 2 % d’une année à l’autre, et a atteint 682 219 $ en novembre 2025.
Pourquoi les ventes résidentielles ont-elles baissé au Canada comparativement à l’an dernier?
Reportons-nous au 23 octobre 2024. Le gouvernement fédéral canadien vient d’annoncer des réformes hypothécaires, telles que des amortissements sur 30 ans, et augmentera le plafond des prêts hypothécaires assurés de 1 million à 1,5 million de dollars, facilitant ainsi l’entrée sur le marché des acheteurs.
Joe Biden est toujours président des États-Unis, les droits de douane sont inexistants et l’économie canadienne se redresse après des années de chaos pandémique.
À cela s’ajoute le fait que la Banque du Canada procède à des baisses de taux importantes, incitant les gens à contracter des emprunts à des conditions plus avantageuses.
Ne seriez-vous pas également enthousiaste à l’idée d’acheter une propriété?
Shaun Cathcart, économiste principal de l’ACI, a même affirmé que cette période était « particulièrement favorable » pour acheter une propriété.
Si l’on examine la situation actuelle et tous les événements qui se sont produits entre-temps, il est facile de comprendre pourquoi les Canadiens hésitent davantage à prendre la décision financière la plus importante de leur vie.
« Nous avons connu un automne très favorable l’année dernière, lorsque les taux hypothécaires ont baissé rapidement, et avant toute cette histoire des droits de douane, déclare M. Cathcart dans le Rapport sur le marché de l’habitation de l’ACI (vidéo ci-dessous, en anglais seulement). Mais au premier trimestre de cette année, les ventes ont connu un recul important. »
Les ventes résidentielles ont atteint leur niveau le plus bas en mars, mais ont connu une reprise jusqu’en juillet avant de ralentir à nouveau, malgré les nouvelles baisses des taux d’intérêt de la Banque du Canada.
« Nous sommes plutôt dans une phase de stabilité à l’approche de 2026, affirme M. Cathcart. Cela dit, je reste convaincu que les choses vont s’améliorer au printemps et que la tendance à la hausse va se poursuivre. Il y a une forte demande refoulée », ajoute-t-il.
Pourquoi les ventes résidentielles sont-elles amenées à rebondir au printemps 2026?
« Je pense que beaucoup d’entre eux ont attendu, logiquement, que les taux atteignent leur niveau le plus bas avant de se décider, explique M. Cathcart. Eh bien, la Banque du Canada a maintenant clairement indiqué que c’est le meilleur taux que les acheteurs peuvent espérer obtenir pour l’instant. »
Sachant que le prix moyen national s’est stabilisé et, dans certains marchés, a considérablement baissé, M. Cathcart estime qu’une nouvelle reprise est imminente dès que la neige commencera à fondre. Cela se reflète dans les dernières prévisions trimestrielles de l’ACI, qui suggèrent que les ventes résidentielles rebondiront en 2026, avec une augmentation de 7,7 %.
Pourquoi le prix moyen national d’une propriété est-il en baisse?
Le prix moyen réel (non désaisonnalisé) des propriétés à l’échelle nationale a baissé de 2 % en novembre 2025 par rapport à la même période l’an dernier, pour atteindre 682 219 $.
Bien entendu, tout dépend de l’endroit où vous habitez ou souhaitez habiter. Le marché des copropriétés dans la région du Grand Toronto, par exemple, connaît actuellement une offre élevée et une faible demande, ce qui a contribué à une baisse de 6,4 % du prix moyen, selon la Toronto Regional Real Estate Board.
Par ailleurs, le prix moyen des propriétés vendues à Terre-Neuve-et-Labrador en novembre 2025 a atteint un niveau record de 359 558 $, soit une hausse de 8,7 % par rapport à novembre 2024.
Quant à la raison pour laquelle les prix des propriétés ont baissé au niveau national en novembre, M. Cathcart explique que cette baisse pourrait s’expliquer par le fait que les vendeurs ont réalisé qu’ils ne pourraient plus vendre leur propriété au prix qu’ils auraient pu au printemps dernier.
« Il semble que certains d’entre eux souhaitaient conclure ces transactions avant la fin de l’année », mentionne M. Cathcart.
Au niveau national, il indique que si les ventes augmentent et que l’offre se refroidit, il pourrait y avoir une pression à la hausse sur les prix au printemps.
« On s’attendait initialement à ce que 2025 soit l’année où les marchés de l’habitation sortiraient de leur hibernation provoquée par les taux d’intérêt, mais comme nous le savons tous, cette reprise a été compromise par le chaos économique causé par les droits de douane américains, a déclaré Valérie Paquin, présidente du conseil d’administration de l’ACI de 2025-2026, et courtière immobilière de Blainville, au Québec. Le marché de 2026 approche à grands pas, alors si vous souhaitez en faire partie, veuillez contacter un courtier ou agent immobilier local pour commencer à planifier dès aujourd’hui. »
