While decorating your home for the holidays can be a fun, family affair, prepping your home in practical ways for the impending colder weather is a necessity you don’t want to skip. Follow these 7 steps to get your home winter-ready! Clean Your Gutters Prevent roof damage by cleaning your gutters before the first snowfall. […]
Read more "Preparing Your Property For Winter"From creating a warm, inviting space in your home, to clearing your driveway for potential viewers, to making sure any essential home renovation and repair is complete, we’ve compiled some ways to prepare your home in the winter and help maximize your selling potential. If you think selling your home in the winter is the […]
Read more "Selling Your Home in the Winter: How You Can Make the Most of It"A winter escape is a popular choice among many Canadians. With crossborder travel reopened, many snowbirds are eager to flock south again this winter. The Canadian Snowbird Association (CSA) estimated 30% of Canada’s more than one-million snowbirds vacationed for the winter in 2020/2021 and predicted that number increased to about 90% during the 2021/2022 season. With so […]
Read more "Going Away for the Winter: How to Secure Your Home"Purchasing a home is an exciting journey. But, before getting the keys to the new property, buyers need to go through a final walkthrough checklist and ensure that all elements of the property are in good condition. A final walkthrough is an essential part of every home purchase. All properties are different. So, you need to […]
Read more "Homeowners’ Final Walkthrough Checklist"Sellers have to go through many stages to get their property sold, but the most sensitive part may just be the real estate purchase and sale agreement. Signing this contract is one of the last steps, so you need to pay close attention to the buyer’s requests and work closely with your agent to get […]
Read more "Purchase And Sale Agreement In Real Estate"Today, the Bank of Canada announced a 0.75% increase to its key overnight rate, bringing it to 3.25%. The increase is the fifth this year; at the start of the 2022, the bank’s rate was 0.25%. In the rate announcement, the Bank of Canada says global inflation remains high while the Canadian economy continues to […]
Read more "Bank of Canada Hikes Key Interest Rate to 3.25%"Up until September, Canadian home sales seemed to be settling after a period of noteworthy drops; however, that all changed last month. Before we get into the latest housing data, let’s preface things by saying one month doesn’t make a trend. The latest real estate data released from the Canadian Real Estate Association (CREA), shows […]
Read more "Canadian Home Sales Fall 3.9% in September—Now 12% Below 10-Year Average"While it may have been the sixth consecutive month-over-month decline for Canadian housing activity, August’s home sales only dipped 1% from July—the smallest decrease seen during this slowdown period. “Along with a stabilization of demand/supply conditions in many markets, [it] could be an early sign that this year’s sharp adjustment in housing markets across Canada […]
Read more "Canadian Housing Markets See Home Sales Declines Soften"Robust active listings and relative steady sales activity continued to bring balance to the Fraser Valley real estate market in August. The past several months of rising inventory combined with a slowing trend in sales has also seen benchmark prices return to levels not seen since last year. In August, the Fraser Valley Real Estate […]
Read more "Fraser Valley housing market signals further settling as sales continue to stall in response to interest rate rises"Deciding on the qualifying interest rate In the past, I argued that the qualifying rate should be the higher of 3.75% or the actual contract rate. Given what’s happening now, was I wrong? Actually, I think what’s happening now vindicates my position. The argument for the 3.75% test rate had two major parts: The policy […]
Read more "A deep-dive into mortgage stress tests"
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