Three cuts in our interest rates now have the Canadian property scene on the brink of a rebound as buyers weigh the benefits of cheaper loans against the backdrop of the nation’s economic performance. With the prospect of further rate cuts this year and into 2025, it’s little wonder the real estate market is seeing…
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Industry data shows buyers are watching the property market carefully, unsure how the latest cut in interest rate will affect prices against a backdrop of economic challenges. Smart buyers are already on the move, convinced values will rebound as the cost of mortgages falls. It’s generally accepted that any central bank needs to cut rates…
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Switching your loan to another provider is never a simple task, but it will become easier thanks to a prospective policy change promised by our banking regulator, the Office of the Superintendent of Financial Institutions (OSFI). It has announced it will drop the requirement for a stress test when homeowners renew their mortgage as they…
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Successive months of interest rate cuts will no doubt encourage first-time buyers into the Canadian property market. And with the promise of more rate reductions through 2025, young Canadians have an ideal time to purchase a home and begin to build their wealth. Even as the cost of loans falls, the average property price has…
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As we await a rebound in the Canadian property market after welcome reductions to the interest rate, many investors are sizing up the market to extend their portfolio. Capital appreciation is a primary motivator as investors expect property values will soon rise as buyers access cheaper cash from lenders. Supporting the case for investment is…
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Upgraders will be one group of buyers who’ll be happiest with the recent 0.5% cut in interest rates and the resulting fall in mortgage costs that it will achieve. A challenge for many owners seeking to sell has been the relatively expensive cost of borrowing money to buy a bigger home. First-home owners who have…
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Becoming a more sophisticated buyer is going to be an increasingly essential skill as you navigate the American real estate scene against the backdrop of falling mortgage costs. The recent decision by the Federal Reserve to cut its cash rate target by 0.5% will likely have a profound impact on the attitude of buyers and…
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Finally, the Federal Reserve has made its move with a 0.5% cut in the cash rate, making money cheaper to borrow. As a result, you may be thinking that now is the time to make your move in the property market. The size of the rate cut will see mortgage costs fall in the coming…
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The dark, cold months of winter are yet to arrive, giving homeowners sufficient time to put their homes on the market and capitalize on the fall selling season. There’s a belief among many homeowners that spring and summer are the best times to sell your home, but that’s just a myth. There’s no bad time…
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Buyers love storage. When they walk through a property, they’re always checking the cupboard spaces in the kitchen and bathrooms, and the bedroom closets. “Stowing stuff” is a consistent theme with today’s buyers. Sellers who fail to realize this often pay a penalty of failing to secure offers for their property. One great way to…
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