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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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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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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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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Are the bare walls of your home starting to feel blah? Have you been reading some of the popular home interior magazines and discovered the new super-cool wallpapers that are all the rage? And are you just itching to start hanging wallpaper? If you are, we can’t blame you! Wallpaper selection and quality have improved…
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Size isn’t everything but when it comes to bedrooms buyers are influenced heavily by space and storage. Built-in wardrobes are a huge plus for today’s buyers. Except in older houses and apartments, most buyers expect to see built-ins and are disappointed when they haven’t been installed. While owners preparing for a sale rightly focus on…
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The goal to own property is deeply rooted in our national psyche, yet your first home-ownership journey can feel like walking into a labyrinth of jargon, daunting decisions and financial challenges. For first-time buyers, this is a perfectly natural response. Yet navigating this path will help secure your financial future and turn a dream into…
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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 capitalise on the autumn selling season. There’s a belief among many homeowners that spring and summer are the best times to sell your home, but that’s a myth. There’s no bad time to…
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Does your home make you happy? It’s a simple yet incisive question aimed at revealing whether you truly enjoy your sanctuary. If you quietly confess that, actually, you don’t love your house or apartment, then ask why not. What’s the problem? How can you change your mood towards your home? Ambivalence or disappointment are emotions…
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It’s not uncommon for investors to focus on desirable rental areas and then scour the market for high-value, low-priced properties. When they find their target, it often needs substantial work to bring it up to a standard that’s suitable for the rental market. Renovating is often necessary for bathrooms and kitchens, which are the most…
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