If you’re watching Canada’s interest rate tumble faster than anywhere else in the world right now, you’ll either be delighted you have a variable lending rate or annoyed you took a gamble on a fixed rate. For those who gambled and lost, the temptation is to call the lender and immediately ask for a new…
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In the ever-changing world of real estate, it pays to stay informed. Listening to a podcast is a great way to stay up to date and learn valuable new tips without it feeling like hard work. We’ve identified five podcasts that unlock a wealth of knowledge and insights for both seasoned investors and first-time buyers…
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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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Property is a reliable case study of how a market responds to varying economic factors. Whether you are a buyer or seller, the dynamics that influence real estate rarely change – confidence in the economy, perceptions of job security, mortgage costs, and supply and demand. Right now, we’re seeing buyers pivoting as they grapple with…
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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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A significant change has been made to the home appraisal process, which will affect both first homebuyers and upgraders. Lenders will now be required to implement a borrower-driven process for requesting a Reconsideration of Value (ROV). Essentially, owners of homes can now contact their lender and ask for their home to be revalued so that…
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Signs of an immediate uplift in the momentum of the New Zealand property market have emerged following the Reserve Bank of New Zealand’s decision to cut the Official Cash Rate (OCR) by 0.25%. Taking the OCR to 5.25%, the mid-August move by the Reserve Bank was the first rate cut in more than four years.…
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Mortgage rates are dropping against a background of a weak economy, and many pundits are trying to work out whether the current scenario will send property prices north or fail to ignite the market. Many believe that the current Official Cash Rate (OCR) of 4.5% will drop a further 1% to help revitalise the economy. …
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As our vibrant summer fades to a cooler and cozier fall, you’ll probably notice how America’s real estate market changes, too. Spring and summer are popular for selling seasons, but if you’re looking to secure a quick deal, fall is the season for you. It’s when serious and motivated buyers emerge, determined to settle before…
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With a new round of property marketing forecasts released recently, buyers and sellers of property are trying to figure out what’s around the corner for American real estate. For many, this year has been characterized by high mortgage rates, stable prices, and slow sales as buyers sit on the sidelines, fearing they might pay more…
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