We all knew the low interest rates Canadians have been enjoying would not last forever; and for the first time in 7 years, the Bank of Canada raised its key overnight rate from 0.5 per cent to 0.75 per cent last week. So what does this mean for Canadians who have a mortgage or will…
In real estate, stigmatized property is property which buyers or tenants may shun for reasons that are unrelated to its features or physical condition. These reasons can include: death of an occupant, murder, suicide, serious illness, illegal activity or the belief that a house is haunted. Stigmatized properties can present challenges in real estate, and…
There is good news for first-time home buyers in Ontario. As of January, 2017, buyers will receive a land transfer rebate of up to $4,000, up from a previous $2,000, on the purchase of their first home. Eligible homebuyers will now pay no Land Transfer Tax (LTT) on the first $368,000 of their home’s purchase…
Wish that someone could condense all the various factors that go in to buying a house into a single handy checklist? We’ve read your mind. We’ve stripped down the process and compiled a checklist of essentials to ensure that you know what to prioritize when buying a house. Step 1 – Hire a Real…
Getting ready to buy a house can be a tense time, but there are simple steps you can take to make sure you aren’t getting in over your head. Figuring out if you are financially ready is a simple matter of calculating how much you currently spend in a month and comparing it with what…
Congratulations—you’re thinking of buying a house. Whether you’ve been dreaming of buying your first house for years, or you’re already familiar with process, there’s no denying that buying a house is one of the biggest investments you will ever make. That’s why there are several important factors to consider before you dive in. Read on…
A home will likely be your largest and most significant investment. When you find the home you love, you will need to secure the sale with a deposit. Read below to find the answers to some of the most common questions buyers have about making a real estate deposit on the home they plan to…
Durham Region is growing quickly, and many young families are strongly encouraged to take advantage of the budding real estate market to snap up a great deal on a new home. New families looking for their first house can rest easy knowing that Durham has something to offer families at every stage. Whether you are…
Buying a home can be stressful, but the same things nearly always apply to judging how suitable a neighbourhood is for your family. Here are the most common considerations that will have the greatest impact on living in your new home. 1. Noise Levels No one likes excessive noise, whether it is from…