Buying a new home. It’s never an easy task and is often emotionally draining. Whether alone or with family, you are making a life-changing decision, at least for the foreseeable future; so you want to get it right! Many couples and/or families go through this process a few times in their lives and often repeat…
Last week’s article covered some latest news about the Bank of Canada’s decision to increase the interest rate for mortgages and how it may affect homebuyers. One of the short interviews that was included in the text briefly discussed the difference between fixed rate and variable rate mortgage, but now, you can read more extensively…
After an off-topic blog about mental and physical wellness last time around, we are back discussing a very important topic regarding the economy and banking’s effect on our real estate market. There are some more news coming out about the stress-test regulations this year. Sadly, it’s going to be even more difficult for younger people…
Now that the last long weekend of the year has passed us, we are a couple of months away from our favourite time of the year – CHRISTMAS! This is not a blog about the festivities, but more about how you can navigate the busy time…
We are delighted to share a story from our latest guest blogger, a young lady living and working in Winnipeg who recently bought herself a condo. It’s nice to get some stories from outside of Ottawa because this blog like to discuss real estate from across the country! ——— Hi! My name is Nicole, I’m…
When we speak of mortgages, it’s always about families with a stable income that will comfortably pay it off after a certain time. What is never spoken about are entrepreneurs and their housing plans; as we know, being self-employed means your salary can vary on a monthly basis, but being an employee on a payroll…
It’s a weird ride so far for Canadian homebuyers. Outside investments, income that is not rising the way they wish, and the mortgage stress test all affecting their big plans for a home of their own. There are three things strongly in their minds when they think of investing in real estate: 1) The fear…
Real estate agents and brokers typically do not focus much of their energy on marketing themselves, but in this day and age, it’s much easier to do so, and video is by far the most preferred type of online content. This is especially important for brokers who want to keep building a relationship with their…
Almost half a year has passed since the new mortgage rules that forced even homebuyers with a larger down payment to undergo a financial stress test have been rolled out. What has happened since then? Home sales have recorded double-digit drops in Toronto and other big markets. On a positive note, however, the pace at…
Carrying on from 2 weeks ago, as promised. Q: What kind of recurring costs can I expect? As you would guess, there are monthly fees to pay. These will include the maintenance of the building and common areas, and reserve fund contributions, which will cover any major repairs or upgrades. In the event of a…
