Archives for Real Estate News

Is Home Ownership In Your Future Plan? 3 Things To Pay Attention To Now

Step one to successful home ownership is being informed. And as they say, knowledge is power. DID YOU KNOW? Generation Z will outnumber Millennials within a year, and will make up the largest cohort of homebuyers in the next decade. A home is likely the biggest purchase most of us will ever make, so whether you’re planning to purchase this year or this decade, now’s a good time to get up to speed. Here are three things you’ll want to pay close attention to if you’re considering home ownership. #1. THE NUMBERS Whether you’re looking for the next great investment opportunity, or you just
Read More

7 Fireplace Safety Tips

Curling up in front of the fireplace with a book can be the quintessence of coziness on a cold winter’s day, but it can also be dangerous if you don’t maintain your fireplace and use it correctly. Here are a few safety tips when using your fireplace this winter. 1. Go with a pro The National Fire Protection Association suggests you hire a certified chimney cleaner to inspect your fireplace and chimney at least once a year. They probably won’t sing catchy songs in a Cockney accent like in “Mary Poppins,” but they will remove dangerous clogs and buildup. 2.
Read More

5 Tips for Buying your Retirement Home

Planning for retirement means making a lot of decisions, including when you’ll stop working, how much you’ll withdraw from your savings each year, and where you’ll live. Many Canadians view retirement as an opportunity to move into a new home; in fact, 64 percent of retirees either have moved or plan to move. Here are five tips to get you started. Location, location, location Ideally, you should think about where you want to live long before retirement, but it’s never too late to think about your priorities. Do you want to be close to family or health care resources? Do you desire
Read More

2018 Cottage Trends

As 2018 cottage and cabin season is quickly approaching, it’s time to turn our heads toward what recreational property trends buyers and renters want this summer. With this list of must-haves, you’ll be armed with the knowledge of what vacationers want and why. Solar The idea of sun-powered houses becoming mainstream is no longer such a far off fantasy. More and more people are jumping on the solar-powered recreational property trend. The cost may seem high upfront but will pay off in the long run. Outside Dining The ability to cook meals outside is a massive bonus for a recreational
Read More

4 Potential Surprises When Buying a Home

No. 1: Low inventory means you have to act fast … In many markets right now inventories are tight, meaning there are too few homes on the market for potential homebuyers. Homes in good condition that are priced appropriately sell fast. The competitive market means buyers may find a home and make a serious offer in just a few days (sometimes 24 hours!). In extremely low inventory markets buyers may end up in bidding wars, paying more than the home’s asking price. No. 2: … But closing takes longer than you think The average home sale takes approximately 50 days
Read More

5 Tips for First-Time Sellers

If you’re selling a home for the first time, it’s quite a different ballgame from what you experienced as a first-time buyer. Ultimately, you’re in control of the process. You call the shots on prepping your home for sale, deciding on a listing price, accepting (or rejecting) offers, and a host of other factors. But you might want to heed the following tips.   Don’t overprice Some sellers might think that in today’s low-inventory market they can overprice their home and get top dollar. In reality, if you price it competitively, you’ll create a flurry of activity and (possibly) get
Read More

6 Features That Will Sell Your Home Faster

Garage Storage Space Percentage of buyers who want this feature: 86% Cost to install: $2,025 – $2,363 for a 380-square-foot space Buyers with growing families need lots of storage space. Sellers should keep in mind that streamlined living equates to more dollars in your pocket at sale time. The installation cost includes adding cabinetry, a peg wallboard for tools, and improved lighting and electrical circuits.   Eat-In Kitchen Percentage of buyers who want this feature: 82% Cost to install: $1,000 – $10,000 Eat-in kitchens are a must-have for many buyers, especially families with children. It’s a space where they often
Read More

Factors That Will Affect Housing Activity in 2018

If you’re on the fence about buying or selling this year, these four factors that are sure to affect the housing market in 2018 may have an impact on your decision. New Mortgage Rules It’s hard to tell just yet how the stress test has affected the industry. However, in Ontario’s 6 largest housing markets over the past 10 years, one thing is for certain. Despite changing economies, varying interest rates and mortgage rule changes, the last 10 years have been favourable in Canadian real estate. Interest Rates Rising interests mean that the economy is performing well. In other words,
Read More

Costly Closing Mistakes

Your offer has been accepted, the building inspection passed with flying colours, now you’re on the road to the closing date! Although you have more breathing room now, the deals not done until all documents have been signed on closing. Here are some things NOT to do before that day. Debt to Income Ratio The ratio of your monthly income to your monthly debts is one of the main factors the lender considered when qualifying you. It can be tempting but don’t take out any loans for renovations you want to do on your future home. Also, don’t be tempted
Read More

Home Automation

You’re at work when the thought hits you, “Did I lock the door when I left this morning?” You check your smartphone, see that you didn’t, and click the“LOCK” button. Now your house is secure. That’s home automation for you! But, is home automation a good idea? That depends on a number of factors. On the pro side, home automation can improve your quality of life. There are automation products that will adjust heating/cooling depending on whether or not you’re home, make your morning coffee when you get out of bed, and the list goes on and on. These conveniences
Read More