When it comes to home maintenance, owners tend to overrate their DIY skills, producing work that either doesn’t add value to their property or damages it. Be aware that poorly executed and finished work will diminish the property’s value. If buyers recognise poor work they will often seek a discount to pay for remediation or…
Read more
As we await a rebound in the Canadian property market after welcome reductions to the interest rate, many investors are sizing up the market to extend their portfolio. Capital appreciation is a primary motivator as investors expect property values will soon rise as buyers access cheaper cash from lenders. Supporting the case for investment is…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
WIth two interest rate cuts under our belt, and more promised by the Bank of Canada, how is this affecting the spending power of those wanting to buy their first home, or upgrade to a bigger property? So far, Canada has seen rates cut for two successive months, moving the cost of cash from 5%…
Read more
Parents are being called the “Sandwich Generation”, caught between helping their own children as well as their mothers and fathers, a consequence of living longer. The days when parents’ greatest concern was paying for the kids’ college education have now morphed into helping them onto the property ownership ladder. It’s amazing to think that almost…
Read more
