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23 05, 2023

House Prices Surge

By |2023-05-23T15:24:23-04:00May 23rd, 2023|Buying a New House, Goal Setting, home ownership, Housing Bubble, Housing Market, Qualifying for a Mortgage, Real Estate, Real Estate Agents, Rent to Own Agreement, rent-to-own|0 Comments

Home sales across Canada spiked by 11.3% in April compared with the previous month as activity in the housing market continued to gather pace. While April sales were 19.5% lower than the same month last year, CREA noted that the yearly decline was much less pronounced than in previous months – a sign that the [...]

20 03, 2023

Where is the Market Going Next?

By |2023-03-20T16:53:23-04:00March 20th, 2023|Uncategorized|0 Comments

So you may have heard (as I have been told by many) that the market is going down in value (or crashing) and that prices may drop up to 20% by next year.  This is the media for you.  Stories written and talked about by people who dont understand the market or what is happening [...]

10 01, 2023

10 Mistakes to Avoid in a Rent-to-Own

By |2023-01-10T15:07:55-05:00January 10th, 2023|Buying a New House, Choosing the Right Area, Home Inspection, home ownership, Rent to Own Agreement, rent-to-own, Stress Test|0 Comments

10 Mistakes to Avoid in Rent-to-Own For most people, a home is the largest purchase they’ll ever make, so choosing the wrong property can have disastrous implications for their wallets and well-being. Still, many homeowners feel a strong sense of pride in putting their mark on the property, building equity and having a place to [...]

9 01, 2023

Stress Test – How Much Home Can You Buy with $120,000 Income?

By |2023-01-09T12:50:05-05:00January 9th, 2023|Buying a New House, Housing Market, Interest Rates|0 Comments

Wondering how the rate increases (and subsequent stress test increase) would impact your ability to qualify for a mortgage? Suppose your household income is $120,000, you have good credit and you want to buy a condo in a major urban centre. Let’s say the property taxes are $2,400 and the condo maintenance/strata fees are $360 [...]

16 11, 2022

Is there Opportunity in this Housing Market?

By |2022-11-16T09:41:03-05:00November 16th, 2022|Uncategorized|0 Comments

After plummeting more than 40% since February, home sales are showing signs they may be reaching a bottom. Keep in mind this is NOT prices BUT sales.  This is key as there are many factors to cause this - low supply of houses and of course the increasing interest rates are keeping buyers on the [...]

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