If you’re weighing up the pros and cons of selling your home or renovating, there’s a temptation to stay in place, shying away from the commitment of finding a new home in a highly active and competitive market. As an experienced agency, we’ve worked with many clients who began their home-selling journey by renovating. They…
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If your kids are screaming at each other in their bedroom and demanding you dispense punishment for whatever sin has been committed, maybe it’s time to upgrade your home. Separate bedrooms will not only be good for the children but also help maintain your sanity. “Family” is the most common reason for homeowners deciding that…
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New loan rules to expand insurance mortgages from 25 to 30 years are set to take effect next month to help first homebuyers into the market. By increasing the repayment period five years, first-time buyers will face lower monthly mortgage bills. However, if the loan were to go to full-term, they would pay more in…
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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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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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Forget wedding bells, young Canadians are more interested in being a homeowner. Some 40% of under-30s say buying a property is critical to their five-year plan, signalling a preference over travel (30%) and marriage (24%). The survey conducted by the Royal Bank of Canada comes as interest rates have dropped a further 0.5% to 3.75%,…
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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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It’s the perfect time to focus on your real estate goals with the interest rate another falling 0.5% to 3.75% and with the possibility of more cuts coming from the Bank of canada. Property ambitions are certainly going to be a keen topic of conversation this upcoming Holidays, that’s for sure. If you’re psychologically ready…
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In today’s competitive real estate market, simply listing your home isn’t enough. You need a strategic edge to stand out from the crowd, command attention and secure the best possible price. While staging and decluttering are essential steps, savvy sellers know the real secret lies in meticulous preparation. Even minor imperfections can be red flags…
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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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