Did you know that you can upsize your home without incurring more debt? It may sound too good to be true, but it’s entirely possible. Many homeowners find themselves needing more space but worry about the financial burden that comes with upgrading to a larger home. However, there are strategies and smart decisions you can […]
How To Avoid A Property Money Pit: 6 Warning Signs To Look Out For Picture this: you’ve just purchased your dream property, excitedly envisioning a future filled with joy and happy memories. But as time goes on, you start to notice one problem after another – leaky pipes, faulty wiring, and a crumbling foundation. Suddenly, […]
So, you’ve received the appraisal report and it came in “light.” Don’t panic! As a buyer, there are several options and potential next steps for you to consider. Let’s explore what you can do when faced with a low appraisal. Dealing With Low Home Appraisals When a real estate appraisal comes in “light,” it means […]
While every family is multigenerational, multigenerational households have not been a common living arrangement in Canada until recently. Statistics show that the amount of people living in multigenerational homes has been up by 35%. In this article, we will explore what multigenerational homes are, and the pros and cons of it, so you can decide […]
What No One Tells You About! So, you’re finally ready to buy a home. Congrats! Homeownership is a huge milestone. But before you start packing your boxes, there’s one important thing you need to do: figure out how much it’s actually going to cost you. Sure, you know to come up with a down payment […]
To stay informed for our clients on the Real Estate Market, our team attended the Toronto Real Estate Board Market Outlook for 2023 – for the GTA and surrounding areas. Here are the main points: Many First time homebuyers will enter the market. They would rather own than rent Mass increase in immigration will create […]
Feb 16, 2023 -Aggressive interest rate hikes have invaded our territory and many people are looking for more affortable housing to offset the higher borrowing costs. At the same time, many have decided to sit back and watch as the uncertainity of the war in Ukraine unfolds and raging inflation continues to change our world […]
Home Flipping Tax Government has introduced a new tax on Sellers who decide to sell their home before a 12 month period. According to the government, if you sell before a 12 month period it’s considered “home flipping” and profits will be subject to Business Income and not Capital Gains Certain exemptions do apply. For […]
Last week, the bank of Canada increased rates once again – for the 7th time this year by 0.50 %, bringing the prime rate to 6.45%. Default mortgages are not flooding the markets at this point – but there are reports of some private lenders reporting on missed mortgage payments. Expect some Power of Sales […]
As inflation continues to rage through Canada, the Bank continues to raise interest rates to continue to fight inflation. Last time i checked, our current interest rate increases haven’t made a dent in our debt. If the Bank of Canada decides to cut rates too soon, we can enter into a stagflation which is a […]