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2015 Housing Market...

promoted content Most regions posted modest gains in average residential sale price, despite increased inventory in many of Canada's housing markets.

RE/MAX Spring Market...

promoted content RE/MAX Spring Market Trends Report 2014 finds increased activity in local housing markets

RE/MAX Upper End Market...

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Kelowna, BC (January 28, 2014) -- Significant gains at the top end of the country’s housing market continued to demonstrate the overall strength of Canadian real estate in 2013, according to a report released today by RE/MAX.    The RE/MAX Upper End Report, highlighting trends and developments in 16 major Canadian centres, revealed that: Seventy-five per cent of markets experienced year-over-year percentage increases in sales—including eight markets that posted double-digit gains.  Greater Vancouver led the charge with a 36 per cent increase in luxury sales last year, followed by Calgary at 34 per cent, Edmonton at 32 per cent, Hamilton-Burlington at 31 per cent, Kitchener-Waterloo at 27 per cent, Winnipeg at 26 per cent, Greater Toronto at 18 per cent, and Saskatoon at 15 per cent. Over two-thirds of markets set new records for high-end sales in 2013.  Markets included St. John’s, Quebec City, Greater Toronto, Hamilton-Burlington, Kitchener-Waterloo, London-St. Thomas, Winnipeg, Regina, Saskatoon, Edmonton, and Calgary. Luxury sales have close to quadrupled since 2009 in Regina (up 288 per cent), tripled in St. John’s (219 per cent), and more than doubled in Winnipeg (189 per cent), Hamilton-Burlington (173 per cent), Saskatoon (157 per cent), the Greater Toronto Area (147 per cent), Greater Vancouver (125 per cent), and Calgary (115 per cent).  London-St. Thomas was up 90 per cent, Ottawa increased 86 per cent, Edmonton rose 81 per cent, while Quebec City jumped 76 per cent and Montreal climbed 61 per cent in the five-year period. “Canada’s luxury market is rising to an entirely unprecedented level,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada.  “As appetites for upper-end properties have increased, so too have expectations. The new ‘it’ factor is opulence.  Having the best finishings is a given.  Buyers now want to have their heart’s desires under one roof—the more over-the-top, the better.  Properties are setting a new standard.  Condos are no exception, with some now equaling their single-family counterparts in lavish amenities and values.  Luxury homes are becoming decidedly more ultra and uber, right down to the sticker price.”  Last year’s relatively low interest rate environment, substantial equity gains in Canadian real estate markets, stellar performance in US equities, and improving economic conditions contributed to the upswing in luxury home sales, driving close to 70 per cent of Canadian markets to new heights in 2013. Diminished supply of single-family homes—particularly in markets like the Greater Toronto Area and Greater Vancouver—contributed to steady homebuying activity, as pent-up demand persisted.  Yet, most purchasers remained grounded, especially at higher price points, and the climate proved fundamentally healthy.  Greater Vancouver experienced the largest bounce back in 2013, with sales of luxury homes posting the second highest level on record.  Western Canada claimed the country’s top three high-end markets in 2013.  Ontario continued to demonstrate strength in the upper end, especially in Hamilton-Burlington and Kitchener-Waterloo.  Canada’s largest real estate market—the GTA—also reported healthy activity in 2013.  Quebec held its own, with luxury sales outperforming overall residential market activity in both Greater Montreal and Quebec City.  Atlantic Canada experienced solid demand in St. John’s, where upper end sales were up, but posted a decline in Halifax-Dartmouth. The surge in high-end homebuying activity dovetails with growing strength in global markets, including London (where sales of homes priced in excess of $8 million are up 24 per cent), and the US, where sales at high end of the market—homes priced at $1 million or more—are selling at nearly triple the pace of everything else.  “On a world stage, Canada remains very attractive, particularly from the perspective of price,” says Ash.  “We offer a top tier quality of life at a fraction of the price of other destination cities.  Take New York City for example, where a $90 million condominium penthouse was one of the highest-priced listings ever sold.  That makes Canada’s highest sales in 2013 appear like relative bargains in comparison.  Canada’s priciest transactions included a $25 million condominium and an $18.6 million home, offering mountain and water views in Greater Vancouver.  Toronto posted a $13.4 million sale, while Calgary set a best-ever benchmark at $11.1 million.  Given the spread, there’s certainly room growth in both sales and prices.”   Local purchasers continue to be the primary drivers in the upper end of the market, as Canadian affluence climbs.   The ranks of Canadian millionaires are growing—up approximately 6.5 per cent to 298,000 individuals in 2012 (over 2011)—and with it, the undeniable appeal of bricks and mortar.  The CapGemini report also found that Canadian wealth expanded to $897 billion in 2012—with investment in equities and real estate contributing to the upswing in growth.  Some foreign investment was also noted in 2013, most prevalent in markets such as Greater Vancouver and the Greater Toronto Area.  “Buying intentions and confidence are expected to remain solid moving forward, as economic performance improves,” explains Ash.  “In the interim, the consistent upward momentum we’ve seen at the top end speaks volumes about the overall health of Canada’s real estate market.  The picture remains fundamentally healthy and sound.”    To read the full report, click here.

RE/MAX Housing Market...

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Canadian homebuyers remain undaunted in 2013, as housing sales and average price approach five-year high Major residential real estate markets poised for further growth in 2014 Kelowna, BC (December 11, 2013) -- Canadian consumers remained remarkably steadfast in their determination to achieve homeownership in 2013, fuelling residential real estate sales and average price nationally to a five-year high, despite a spotty regional performance. Improved economic performance on both a national and global stage, combined with historically low interest rates and rising consumer confidence, should spark greater strength in 2014, with housing sales and values expected to further appreciate, according to a report released today by RE/MAX. The RE/MAX Canadian Housing Market Outlook 2014 examined trends and developments in 25 major markets across the country. The report found that the number of homes sold is expected to match or exceed 2012 levels in almost two-thirds of markets (15/25) in 2013, led by strong activity in British Columbia, including Vancouver (up 10 per cent) and Kelowna (10 per cent). Ninety-two per cent (23/25) of markets are set to experience average price increases by year-end 2013, with Hamilton-Burlington the country’s frontrunner at 7.5 per cent, followed by Barrie and District at seven per cent, Calgary and St. John’s at six per cent, and Greater Vancouver, Winnipeg and the Greater Toronto Area at five per cent. The forecast for 2014 shows the upward trend gaining momentum, with values expected to climb yet again in 92 per cent (23/25) of centres, led by Greater Toronto at six per cent. Strength and stability are forecast to characterize Canadian real estate in 2014, with sales estimates on par or above year-ago levels in all markets examined, led by Kelowna (10 per cent) and Calgary (nine per cent). Nationally, an estimated 466,000 homes will change hands in 2013, an increase of three per cent over the 453,372 sales recorded in 2012. Canadian home sales are expected to climb two per cent to 475,000 units by year-end 2014. The average price of a Canadian home is forecast to appreciate four per cent to $380,000 in 2013, up from $363,740 in 2012. Values are expected to continue to escalate in 2014, rising three per cent to $390,000 by year end. “It was quite a turnaround in Canadian real estate markets after a softer start to the year,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “Following an initial period of adjustment, first-time buyers pushed forward with delayed intentions, stimulating activity at all price points. With renewed momentum and enthusiasm in place, resale housing is once again poised for growth in 2014.” Regional disparities surfaced early in 2013, according to the RE/MAX Report, and were evident throughout the year. Alberta started the year with a bang, with both major markets bucking the national downward trending in sales. Homebuying activity in British Columbia, Saskatchewan, Manitoba, and Ontario kicked into high gear in July, with most centres expected to move ahead of 2012 levels by year end, led by Greater Vancouver, Kelowna, Victoria (six per cent), Windsor-Essex (six per cent), Edmonton (five per cent) and Hamilton-Burlington (five percent). Yet, performance in Quebec and Atlantic Canada is forecast to fall short of 2012 levels. More consistent performance is expected in 2014, especially given economic projections for the East Coast and Quebec. Both regions should rebound in the new year, led by Halifax-Dartmouth (five per cent), Moncton (three per cent), Greater Montreal (two per cent) and Quebec City (two per cent). “Inventory was vital in maintaining market stability in 2013,” says Gurinder Sandhu, Executive Vice President, Regional Director, RE/MAX of Western Canada. “A run-up in inventory at the outset of the year, amid weaker demand, could have changed the outcome to what ended up being another relatively healthy year of real estate activity. Instead, we saw modest price growth and rising sales levels, particularly in the second half. Another positive performance is projected for 2014, with average price forecast to break records in many markets.” Although there are several factors that are expected to contribute to rising housing values on a national basis, one of the most pressing is build out. Nowhere is that more obvious than in Vancouver, where the mountains and the ocean have prevented further growth, and the Greater Toronto Area, where the greenbelt has stymied future development. As such, the availability of low-rise homes relative to the population is expected to contract, placing further pressure on prices. Vertical growth and its affordable price point is representative of the future. “We’re definitely seeing a greater commitment to higher density at a municipal level,” says Ash. “In fact, the trend already underway in Vancouver and Toronto, has gained serious momentum in smaller markets where cities are moving to infuse vibrancy into the urban core through mixed-use residential/commercial/retail development. The level of investment is substantial—dovetailing with revitalization efforts currently underway.” Solid underpinnings continue to support healthy levels of real estate activity from coast to coast. Buyers appear to be realistic in their pursuits, and after several rounds of mortgage tightening, many are coming to the table better qualified, with larger downpayments and readjusted expectations. Imposed restrictions have had the desired effect. A sound framework is now in place to support steady and sustainable growth over the next several years. Existing inventory levels remain crucial to Canadian housing markets moving forward. The tightening currently demonstrated at entry-level price points—as more first-time buyers make their way back into the market—could translate into further price hikes down the road. “Canadian homebuyers remain savvy, with a long-term mindset that bodes well for stability,” says Sylvain Dansereau, Executive Vice President, RE/MAX Quebec. “Yet, they also value progress, and we expect that to translate again in 2014. Equity gains should continue to result in tangible leaps to larger homes or better neighbourhoods, as well as a growing wave of renovation and revitalization. Stock market performance is also expected to bolster homebuying activity, as paper wealth is converted to material wealth.” About the RE/MAX Network RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 90,000 agents provide RE/MAX a global reach of more than 90 countries. RE/MAX is Canada’s leading real estate organization with approximately 19,000 sales associates and 750 independently-owned and operated offices nationwide. RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, is a subsidiary of RE/MAX Holdings, Inc. (NYSE:RMAX). For more information about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.ca.

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      # 45 5102 30 AV

    • Beaumont, AB, T4X 0A9
    • Excellent 3 bedroom end unit townhouse in Village De Mirabelle in Beaumont. Move in ready, this home offers 3 large bedrooms, 3 bathrooms, deck and an attached garage. Bright, open concept on the main floor with 9 foot ceilings, electric fireplace,...

    • Listing courtesy of Graham Cotterill~2% Realty Pro

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      116 RUE MADELENE ST

    • Beaumont, AB, T4X 0E8
    • 1859 sq ft 2 Story built by Landmark Homes. Backing on to walking trails, this home is located in the Estates of Montalet, couple homes from the school. Bright Living Room is open to kitchen. Large west facing windows keep it bright and gas fire...

    • Listing courtesy of Morgan Lindmark~Realty Executives Leading

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      3016 48 ST

    • Beaumont, AB, T4X 1V1
    • Move in ready! This beautiful well maintained 1323.97 sq ft 2 storey features a beautifully landscaped yard with paving stones, lush grass and perennials. Rear alley access to a 20x20 garage pad guarantees you always have parking to your home. Front...

    • Listing courtesy of Cecile Biron~RE/MAX REAL ESTATE EDMONTON BEAUMONT

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      5419 Caillou BA

    • Beaumont, AB, T4X 1W7
    • Visit the "REALTOR Website" for more information on this listing* Spectacular custom built 2100 sqft 2-storey features 3 bedrooms with custom built in cabinets, private bonus, 2.5 bath, gourmet kitchen with high end granite counters, hardwood tile...

    • Listing courtesy of Bernie Conroy~Comfree Commonsense Network

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      4109 44 ST

    • Beaumont, AB, T4X 1M6
    • There's room for your whole family in this lovely 2-storey home with 4 bedrooms up, main floor den, and fully finished walkout basement backing onto a park. Enter from the covered veranda and you'll find the perfect home office in the bright flex...

    • Listing courtesy of John Anderson~Royal Lepage Noralta Real Estate

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      6 Country Club DR

    • Beaumont, AB, T4X 1N3
    • Visit the "REALTOR Website" for more information on this listing* Beautiful formal dining/living room with glass French doors, gorgeous tiger wood floors from the entry to the kitchen and family room, which has a corner fireplace and large windows...

    • Listing courtesy of Bernie Conroy~Comfree Commonsense Network

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      11 RUE BRUNELLE ST

    • Beaumont, AB, T4X 0A7
    • 1876 sq ft two storey built in 2007 in the neighborhood of Citadel Ridge. Close to schools, parks and recreation facilities. This home has a den, a large living room with gas fireplace and mantle. The kitchen has an island with eating bar, a pantry,...

    • Listing courtesy of Cecile Biron~RE/MAX REAL ESTATE EDMONTON BEAUMONT

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      59 Bonin CR

    • Beaumont, AB, T4X 1R9
    • Visit the "REALTOR Website" for more information on this listing* Lovely 5-bdrm bungalow in Coloniale Estates! Built in 2006, this 1247 sq.ft. home with double attached garage features a raised front veranda, sunken foyer, hardwood flooring in the...

    • Listing courtesy of Bernie Conroy~Comfree Commonsense Network

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      4216 44 ST

    • Beaumont, AB, T4X 1N6
    • Quiet crescent location highlights this spotless family home on large pie lot. Custom maple cabinetry and stainless appliances in kitchen with eating bar. Spacious nook with gas fireplace. Large master bedroom with walk in closet. Four piece bath....

    • Listing courtesy of Don McKay~Royal Lepage Noralta Real Estate

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      106 Lakewood CL

    • Beaumont, AB, T4X 0B5
    • Welcome to this amazing 2 Storey Home, 3 car attached garage in Beaumont. This three bedroom, 2.5 bathroom home features hardwood floors on the main floor, ceramic tile and every room features large windows making the home bright and welcoming. On...

    • Listing courtesy of Rod Thompson~Sellerinvite.Com (Edmonton)

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      # 105 89 RUE MONETTE ST

    • Beaumont, AB, T4X 1A7
    • Executive Town Home in Beaumont! This 1708 square foot 2 storey home is ready for a new owner. The upper level features 3 bedrooms, the master has a full ensuite with a large corner soaker tub, a large shower, a walk in closet and a terrific bonus...

    • Listing courtesy of Doug Singleton~Royal Lepage Noralta Real Estate

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      6201 60 ST

    • Beaumont, AB, T4A 0J3
    • BEAUTIFUL 2-story duplex in Beaumont! LARGE CORNER LOT is WALKING DISTANCE to shops, schools, park and playgrounds. FANTASTIC HARD WOOD throughout the main floor! STUNNING Kitchen offers plenty of cupboards and counter space with a CENTRAL ISLAND,...

    • Listing courtesy of Sean Simon~Rhinorealty

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      6016 47 AV

    • Beaumont, AB, T4X 0A3
    • STUNNING 2 STOREY WALKOUT WITH GORGEOUS VIEWS OF POND! This open concept design with over 1900 sq ft will have your attention the moment you walk in. With neutral colors throughout, you're greeted to a large foyer, with SPECTACULAR HARDWOOD flowing...

    • Listing courtesy of ~RE/MAX RIVER CITY

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      7 BONIN CR

    • Beaumont, AB, T4X 1S1
    • This is an immaculate, perfectly-designed home with a modern, open-concept plan, vaulted ceilings and an abundance of window space that fills the interior space natural lighting. The large tile-floored entranceway with wide staircases to both the...

    • Listing courtesy of Karim Keshavjee~Century 21 A.L.L.Stars Realty Ltd

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      5312 RUE EAGLEMONT ST

    • Beaumont, AB, T4X 0H9
    • IF ROLLS ROYCE BUILT HOMES IT WOULD LOOK LIKE THIS STUNNING BEAUTY! As you enter this work of art you are greeted by an 8' MEDIEVAL STYLE DOOR & CATHEDRAL CEILINGS along with a main floor Formal Dining Room, Powder Room And A FABULOUS CHEF'S DREAM...

    • Listing courtesy of Wally Fakhreddine~RE/MAX REAL ESTATE EDMONTON

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      5334 61 ST

    • Beaumont, AB, T4X 0B2
    • STUNNING Family home in Beaumont. This 4 bed 5 bath home is situated in a quiet crescent with LAKE VIEW. The main fl. boasts A living room with gas fireplace, chef's kitchen with An island & walk-through pantry. The eating nook is bathed in light...

    • Listing courtesy of Bryan Statt~Realty Executives - Devonshire

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      4214 44 ST

    • Beaumont, AB, T4X 1M6
    • A truly immaculate, spacious and tastefully decorated home that's situated in a quiet crescent just a few steps away from Nature Park, walking trails and playground. The welcoming, tiled foyer leads you up to the main level that features upgraded...

    • Listing courtesy of Karim Keshavjee~Century 21 A.L.L.Stars Realty Ltd

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      115 Lakeland DR

    • Beaumont, AB, T4X 0B4
    • Visit the "REALTOR Website" for more information on this listing* 2 storey house with 2 bedrooms plus 2 master bedrooms (total 4 bedrooms) on second floor and huge bonus room over triple garage. Double door entry, den on main floor, 3.5 washrooms....

    • Listing courtesy of Bernie Conroy~Comfree Commonsense Network

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      6610 48 AV

    • Beaumont, AB, T4X 1Y5
    • Visit the "REALTOR Website" for more information on this listing* Beautiful duplex in Beaumont with double attached garage. Very quiet area.

    • Listing courtesy of Bernie Conroy~Comfree Commonsense Network

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      6110 52 AV

    • Beaumont, AB, T4X 1V6
    • This 2 storey located in Eaglemont is immaculate. Offering over 1970 sqft above grade with 3 bedrms and a major window upgrade. The floor plan is efficient and evident upon entering with a built in deacon's bench large coat closet and decorative...

    • Listing courtesy of Shelly Reddy~Royal Lepage Noralta Real Estate

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