The act of moving from a larger home to a smaller one, often called downsizing, is becoming an increasingly popular choice. While often associated with empty nesters and retirees, downsizing can offer advantages to anyone looking to simplify their life, reduce expenses, or embrace a new chapter that includes limiting their personal carbon footprint. Downsizing…
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It’s the perfect time to focus on your real estate goals with the interest rate falling 0.5% and with more cuts likely to come from the Federal Reserve Bank. Property ambitions are certainly going to keep a keen topic of conversation this upcoming Holidays, that’s for sure. If you’re psychologically ready to make your move,…
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With today’s real estate market experiencing ebbs and flows on an almost monthly basis, sellers often ask me about the profile of a typical buyer. Usually, they’re seeking information that will help them prepare their home for sale and a guide for how long it might take to strike a deal. In our neighborhood, there’s…
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New loan rules to expand insurance mortgages from 25 to 30 years are set to take effect next month to help first homebuyers into the market. By increasing the repayment period five years, first-time buyers will face lower monthly mortgage bills. However, if the loan were to go to full-term, they would pay more in…
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Forecasting the recent ebbs and flows of our real estate market has been less about overall economic wellbeing and market sentiment and more about the raw impact of high interest rates. With the Bank of Canada’s (BoC) latest 0.5% reduction in the cash rate, we have now seen the base rate fall 1.25% in a…
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Forget wedding bells, young Canadians are more interested in being a homeowner. Some 40% of under-30s say buying a property is critical to their five-year plan, signalling a preference over travel (30%) and marriage (24%). The survey conducted by the Royal Bank of Canada comes as interest rates have dropped a further 0.5% to 3.75%,…
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The dial is starting to move as more Canadians enter the real estate market. Sales activity was 1.9% higher for September compared with August, which is the last month of the traditionally popular selling season. It’s the third successive month that an increase in transactions has been recorded by the Canadian Real Estate Association (CREA).…
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It’s the perfect time to focus on your real estate goals with the interest rate another falling 0.5% to 3.75% and with the possibility of more cuts coming from the Bank of canada. Property ambitions are certainly going to be a keen topic of conversation this upcoming Holidays, that’s for sure. If you’re psychologically ready…
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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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As the weather warms, buyers will find an increasing number of homes with swimming pools coming onto the market. Spring and summer are the ideal times to sell a home with a pool, and many buyers will get caught up in the exciting prospect of enjoying hot days in their own pool. For many, it’s…
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