The chill in Canada’s housing market could be thawing sooner than expected. Interest rates are dropping.1 Pent-up demand is building.2 Sales are starting to heat up.3 And a potentially electrifying set of mortgage rules just went into effect, making it easier than it ‘s been in years for first-time buyers with smaller down payments to […]
News You Can Use: Ottawa’s MLS® Market Making Headway
“Ottawa’s market is making headway on a long road back from the slowdown experienced in 2023,” says OREB Past-President Curtis Fillier. “Buyers have been slow to come back to the market while watching the interest rates lower, and some are waiting to see how new mortgage rules — the extended amortization period and the increased default […]
New Build or Existing Home: Which One is Right For You?
Months of inventory numbered 2.8 at the end of October 2024, compared to 3.8 in October 2023. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity..2 To put this into perspective, new housing starts haven’t been able to […]
Multigenerational Living: Finding a Home For The Whole Family
For many homebuyers, multigenerational living used to be considered an option of last resort: it was a route families took only when they needed to ride out a financial storm or care for ailing family members. But that mindset is on the decline: A growing number of families now say that they are embracing multigenerational […]
Staging to Sell: 7 Proven Steps to Attract Buyers and Boost Offers
Selling your home quickly and at the right price takes more than just listing it online. To draw in potential buyers and secure top offers, your home needs to stand out. That’s where home staging comes in. Staging to sell strategically —through redecorating, repairing, and making it look its best—you can make a lasting impression […]
7 Mistakes to Avoid When Hiring a Contractor
Embarking on home improvements can be both exciting and daunting. According to home services platform HomeStars, the national median renovation budget is around $12,000, so you’re probably considering investing a significant amount of moola—and you’ll want to ensure your project’s success. One of the most critical decisions you’ll make is choosing the right contractor to […]
Top 4 Factors to Consider When Choosing Your Mortgage
With home prices and rates still relatively high, securing a mortgage can feel daunting––even to the most experienced borrowers. But don’t let that deter you: If other homebuyers’ experiences are any indication, odds are you’ll eventually find a home loan that works well for you. In fact, research from the Real Estate and Mortgage Institute […]
Boost Your Property Value with These 7 Weekend Projects
Whether you’re putting your home on the market in a few weeks or a few years, strategic upgrades can make all the difference to Boost your property value and you don’t have to embark on a major remodel to make these significant improvements. These minor updates I’m going to tell you can have a big […]
Mid-Year Market Update for 2024: What Buyers and Sellers Need to Know
Once again, the number one story in real estate this summer is mortgage rates. But unlike last year, when a surprise series of rate hikes from the Bank of Canada sent skittish buyers back to the sidelines, all signs now point to the opposite scenario. Instead of market-chilling rate hikes, economists now expect market-quickening rate […]
Do Canadians Hold A Key to Reshaping Canada’s Housing Sector?
There has been a lot of discussion about the bottlenecks preventing the Canadian Real Estate sector from meeting the housing supply challenge — but some experts say, the biggest barrier is how we’re thinking about the problem. Canada’s housing supply is at a breaking point, and it’s time for an innovator’s mindset to overcome the […]
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