Planning Home Renovations? You're Not Alone

If you’ve been thinking that it’s finally time to rebuild that moldy patio or put the finishing touches on the kitchen you’ve always wanted — you’re not the only one.  A record number of Canadians report plans for home renovations, according to the 2021 Scotiabank Housing Poll .  After more than a year now of being stuck at home, it’s no surprise that so many Canadians are looking to change their surroundings.  According to the poll, Canadian homeowners are more likely to plan renovations than buy or sell their current home — which also isn’t too surprising to anyone who’s been paying attention to the real estate market. Why go through the stress of buying and selling a home when you can just make some changes to your existing one?  Six in 10 Canadian homeowners have plans to renovate their home within the next two years, with backyards, kitchens and bathrooms topping the list, Scotiabank reported.  Some other highlights from the poll: More than a third of all Canadians (36%) think tha

AI Will Change Multi-Family Real Estate

  It’s time to talk about robots.  I’m only half-joking. Robots are still how many of us think about artificial intelligence, even though the reality doesn’t look much like “Terminator” or “Blade Runner.” Hollywood loves to make movies about the scary aspects of artificial intelligence (AI), but the reality is that this technology is already changing our lives for the better. That’s true for many different industries, but today I’m talking about the impending changes it brings to multifamily real estate.  This is clearly illustrated by a 2018 report from the National Multifamily Housing Council (NMHC), which uses surveys to gauge what apartment seekers are looking for — and what they’ll be looking for 10 years from today.  “Technology will become part of the core design of apartment communities rather than an add-on accessory or appliance,” the report said.  We can already see these changes happening in the Greater Toronto Area. The Toronto-based real estate company HouseSigma is using