Against a background of speculation that we may see a fourth rate cut from the Bank of Canada, a new survey suggests young Canadians have rediscovered their desire to buy their own home. And that’s great news for the entire market! Interest rates are currently at 3.25%, and retail banks are bending over backwards to…
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Changes to rules for how you can buy property in Canada are likely to give the local market a significant boost in 2025 and beyond. It’s great news for upgraders and first homebuyers after a two-year period of high interest rates and appreciating property prices. The price cap for taking out an insured mortgage is…
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Predictions of a turnaround for the Canadian property market follow a quiet transaction period as we ended 2024. And while last December may seem a lifetime ago now, the transaction trend in many urban centres suggests there’s excellent buying opportunities if you can make your move before the 2025 market really springs into action. As…
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As Canada looks to new political leadership and a general election later this year, there’s no denying the lack of affordable housing has weighed heavily on the Trudeau Government. Property values are more than 30% higher than in April 2020 – a direct consequence of government economic stimulus during the pandemic and a near-zero benchmark…
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Purchasing your first home can feel like you’re about to climb a mountain that will confront you with challenges you’ve never faced before. Any fear of being overwhelmed is understandable, but it doesn’t have to be that way. After all, more than 500,000 property purchases are projected to be made in Canada this year, according…
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What’s the true secret to a successful home sale? Is it location, size, design, price or presentation? Of course, it’s a combination of all of these facets of a property. The most powerful factor will depend on the individual buyer. However, there’s one element homeowners often underestimate despite the advice of their agent: the importance…
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Two mortgage rate cuts of 0.5% in succession have given Canadians renewed optimism about the property market. The national average sale price has risen 7.4% to $694,411, according to new figures from the Canadians Real Estate Association (CREA). And with our cash rate now 3.25% – one of the lowest among developed economies – homebuyers…
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As we enter 2025, Canadians homebuyers and owners will be looking at a myriad of economic and political issues that could influence their decision to review and change their mortgage arrangements. While our agency does not pretend to be a financial adviser, it’s clear the situation for mortgage holders is changing quickly. The Bank of…
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The New Year often brings a wave of fresh starts and renewed aspirations. For many, this includes reimagining their living spaces and setting their sights on a new home that truly reflects their evolving needs and desires. Whether you’re envisioning a cozy cottage, a modern condo, or a sprawling family estate, defining your ideal space…
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Selling your home is a significant financial decision, and the appraisal process plays a crucial role in determining its value. Understanding this process can help sellers prepare and ensure a smoother transaction. This article provides valuable insights into the appraisal process, its impact on your home sale, and key factors that influence property valuation. Sellers …
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