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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Moving into your first home is incredibly exciting and marks the beginning of an important chapter in your life. If you are thinking of embarking on some major upgrades, it may pay to get to know your new home well first. It’s worth keeping a journal of your general first impressions of living in the…
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Predictions of a high-risk fire season for this summer have come from the Ministry of Emergency Preparedness. Areas that continue to suffer from drought, such as northwestern Alberta, northeastern British Columbia and southern Northwest Territories, are considered especially at risk. From this month until the end of summer, the Federal Government has warned of “a…
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In a sign we’re experiencing a calm before the storm, new data shows the Canadian property market is edging slightly down as buyers welcome a reduction in our 20-year-high interest rate. While the Bank of Canada’s 0.25% interest rate reduction will not substantially move the market, the BoC’s declared intention to reduce mortgage costs has…
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As young Canadians continue to grapple with property prices that spiked during the pandemic, a new survey has found first-time buyers are getting more help than ever from their parents. Almost a third of first-home buyers have already received financial assistance from family members this year, according to a survey by the Canadian Imperial Bank…
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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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As Canadian owners enjoyed a first interest rate that turned the tide on 20-year-high loan costs, tenants continue to deal with rising costs. A new report claims our average rent has jumped the $2,200 barrier for the first time. It comes as the Bank of Canada reduced the benchmark cash rate from from 5% to…
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With summer in full swing, your lawn mower may be feeling the heat of a tough workload. You wouldn’t be alone in worrying about whether the mower will fire up one more time to trim grass that’s growing quickly in the mix of heat and moisture. If you’re tempted to put yours into the shop…
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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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As the summer sun shines brightly, your outdoor space transforms into an extension of your home – a place to relax, entertain and create lasting memories. Choosing the right patio furniture will enhance your lifestyle and help add value to your property. As your local agents, we know the ability to entertain guests is one…
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