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Expert advice, market reports, and tips from the Niagara Region real estate professionals.
When it comes to selling your property, be it your home, a ‘fix and flip’ or an investment property, there are a number of different strategies you can use. You can start high. After all, studies have shown that for most people the largest chunk of their net worth is in their real property. And so, you want to realize as much equity as possible from the sale. And of course, the mind set often is ‘I can always come down’. And who knows, even if you are overpriced, there is always the possibility that someone will come along who absolutely falls in love with your property and is willing to pay what you are asking or beyond. You might get lucky.
Christmas is a wonderful time of year. Enchanting! The season brings visions of golden-brown turkeys with all the trimmings. Carolers singing as the snow falls gently down. Gifts under the Christmas tree. Stockings hung by the fireplace. Family times. It’s just a special time unlike any other in the year. And a time when memories are forged that will last a lifetime.
When purchasing a pre-construction condominium in Ontario, it's essential to understand the financial obligations during the interim occupancy period—the phase between moving into your unit and the official transfer of ownership. This newsletter will explore some of the common requirements that purchasers of new builds will need to know when purchasing a pre-construction condo unit.
Not sure if it is due to the consistent drop in interest rates or the weather, or if it is a combination of both, but whatever the reason, the market is continuing strong long after we would normally see a downturn. And that is true both for average sale price and also for unit sales.
There is a housing crisis in Canada and it is impacting both prospective home buyers and prospective tenants. Simply put, there are more aspiring occupants than there are dwellings to put them in. Of course, the problem isn’t consistent in all locations across the country. Remote areas and areas with limited growth and slim employment opportunities aren’t impacted. But high-density urban areas, areas where population is consistently growing and areas within reasonable community distance of large centres are definitely feeling the pinch. And that pretty much encompasses all of Southern Ontario.
Closing costs are a one-time fee associated with the sale of a home and are separate from the mortgage insurance and down payment. Typically, these costs range from 1.5-4% of the purchase price, depending on your location. Factoring these costs into your maximum budget can help you narrow down an entirely affordable home and ensure future financial stability and security.
It seems every time we have a party at RE/MAX Garden City it never is an isolated event. It always becomes an annual tradition. And that’s certainly the way it has been with Halloween. Costumes, contests, pot luck, lots of fun.
In our previous article, we reviewed the obligations of home builders and the role of Tarion in protecting homeowners from losses of their deposit money and issues of delays. We will now consider the types of protections for individuals who discover issues with their home before and after closing their real estate transaction.
From 2023 on into 2024 history is repeating itself. 2022 as we’ve seen was a year unique unto itself. After coming off the frenzied real estate market of covid with its multiple offers and enormous price hikes, 2022 was a year of corrections. The market declined steadily from a February peak of $863,057 right down to a December low of $656,337. A drop of $206,720. Quite a drop.
Pretty much every year they spend millions of dollars that they don’t have. Now I’m not saying that the money they spend is not spent on worthwhile endeavours. Health care, enhanced infrastructures, education. The problem is that every dollar they spend over and above what they take in adds to the annual deficit and increases the national debt. And that debt will have to be re-paid one day. And in the meantime, the debit will have to be serviced. The interest needs to be pa
With the first in a series of Bank of Canada rate drops having begun in June, many individuals are looking at the housing market with renewed vigor.