Many folks don’t appreciate how quickly the real estate scene can change. The slightest movement in mortgage costs – especially when they fall – can trigger a mass movement of buyers looking to upgrade or enter the market in a matter of just a few weeks. And no sooner is that tsunami in motion than…
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With interest rates now 0.5% less than just a few weeks ago, Canadian homeowners and buyers are poised to spur the market back into action. Whether the two recent rate cuts from the Bank of Canada will be sufficient to electrify the market remains to be seen. However, Canada is one of the first developed…
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Residential sales have been predicted to rise by more than 6% this year as the Canadian real estate market begins to bounce back from a quiet start to the year. Two interest cuts that have taken the cash rate to 4.5% are expected to entice more sellers into the market to meet the pent-up demand…
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The latest data from digital marketplace Wowa suggests a two-speed real estate scene across Canada right now. Even with two recent interest cuts that took the benchmark to 4.5%, parts of the property market remain red-hot while others appear stuck on the cool side. Wowa’s Housing Market Report released in June found national transactions totalled…
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As a real estate agent, I often encounter clients unfamiliar with the acronym MLS, and even those who’ve heard of a Multiple Listing Service are not always certain what it does. Put simply, an MLS is the backbone of the real estate industry in North America – a powerful database of properties for sale. When…
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Our pets are cherished members of the family and when you’re looking to buy your next home it’s natural to consider their needs, too. A recent survey by the aggregator website Zillow found that 61% of dog owners would only choose a new home if it were suitable for their pets. Many of my clients…
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The cut in the interest rate at the beginning of June has been welcomed by homeowners and those trying to break into the market. It wasn’t borrowers’ complaints who forced the Bank of Canada (BoC) to act, but the fact we achieved an inflation rate within the target band of 2-3%. Our Consumer Price Index…
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When it comes to inspecting a property, many potential buyers may wonder whether it’s appropriate to remove their shoes or leave them on. The answer to this question depends on various factors, including cultural norms, personal preferences, and the condition of the property. In some cultures, it is customary to remove shoes before entering a…
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With property values trending positively once again, many prospective buyers are looking for fixer-uppers they can renovate and flip to capitalise on our buoyant market. With the likelihood of interest rate reductions later this year and into 2025, it’s a great time to plan a new property adventure. Of course, renovating and flipping a property…
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American homeowners continue to see the value of their homes rise as buyers remain poised for the beginning of interest rate reductions by the Federal Reserve. Anticipated falls in mortgage costs have yet to materialize as the Fed remains concerned about the risk of inflation due to the nation’s strong economic performance and buoyant employment…
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