January 15, 2020

Lifestyle changes can come at you in a hurry, sometimes necessitating a move. Determining your property's value is especially difficult if you are a long time home owner. You may have made improvements throughout the years that you've simply forgotten about. The right price can be a critical part of getting that 'sold' sign and moving on to the rest of your life. So how do you come up with the appropriate number?

There are so many components that go into pricing a property. Are the ...

Goodbye to the family home

December 24, 2019

When my father was 65, he looked around my childhood home and decided it was time to move. It began slowly with family portraits taken off the walls and heirlooms carefully removed from the china cabinet. But soon the furniture began to disappear, until eventually the only thing left was the memory of his life there. For many seniors, making ...

Definition of sales ratio analysis

November 7, 2019

Sales Ratio Analysis ~ The evaluation of the cause of the difference between the desired selling price of a property and it's appraisal value. Reasons could include unexpected deterioration of conditions in the area, quick sale needed, poor appraisal, market fluctuations, etc.

Still strong housing market

October 30, 2019

Housing sales dipped slightly in November but the expected decline that was supposed to follow consumers rushing to purchase in the fall has failed to materialize, reports the Financial Post’s Garry Marr. The Canadian Real Estate Association said sales last month dropped 0.1% from October on a seasonally adjusted basis while actual activity ...

The REALTOR® Commitment.

October 28, 2019

You’re trusting a REALTOR® with your most valuable possession, your home. REALTORS® take this responsibility very seriously. Here’s what we promise you. Your REALTOR® is highly trained. REALTOR® training is so rigorous that candidates often fail the pre-registration courses. Those who do pass must master a long, diverse list of subjects ranging ...

No housing market hard-landing

October 22, 2019

All that talk of a hard landing for Canada’s housing market seems a distant memory now. The latest monthly data on existing home sales from Canada’s two biggest markets — Toronto and Vancouver — suggest demand for housing is still alive and well. Existing homes sales in the Greater Toronto Area rose 30% in September from a year ago and a strong ...

Scotiabank re-forecasts its outlook on the Bank of Canada once again

October 21, 2019

The Bank of Nova Scotia has reforecast its outlook on the Bank of Canada and now believes the bank will hold off on hiking its overnight rate until 2016. “The Bank of Canada probably now envisages spare capacity remaining into 2016,” the report stated. “It could well push out its forecast to return to the two per cent inflation target in the ...

A world without the CMHC

October 20, 2019

Imagine a world without Canada Mortgage and Housing Corp., writes the Financial Post‘s Garry Marr. What happens next if the government is no longer behind that mortgage, making sure the people loaning the money or the investors buying that loan get paid, should you not make your payments? For starters, you might gently be shown the door ...

Five Canadian mortgage market predictions for 2014

October 19, 2019

1. New mortgage rules Expect more rule tightening in 2019 designed to reduce mortgage risk for lenders, mortgage default insurers and the government. By definition, those rules will make it slightly harder to get approved for some mortgages and further slow the housing market. 2. Credit unions will steal market share Since they’re ...

Why the Luxury Housing Market Is Hot, Hot, Hot

October 18, 2019

The real estate market feels like it’s bouncing back. But the luxury housing market is downright hot in several markets. Barring a stock market correction — unlikely given how investors reacted positively to the Federal Reserve reduction in bond purchases in December — the trend means the spring homebuying season could be a good one, especially ...
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