As the Bank of Canada aggressively raised rates over the past year to fight multi-decade-high inflation, fears are mounting that tighter monetary policy will push the Canadian economy into recession. Indeed, central banks have a poor historical track record in achieving “soft landings” following tightening cycles. That is, amid high inflation, central banks often struggle to “thread...
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The Bank of Canada hiked its key policy rate by half a percentage point to 4.25 per cent -- the highest it's been since January 2008 -- on Wednesday in its final rate decision of a year that has been marked by stubbornly high inflation and rapidly increasing interest rates.
The bank, which has made a steady succession of large hikes over the course of the year, is widely believed to be nearing an end...
There’s no question that the real estate market in British Columbia has been white-hot over the last year. Since the pandemic began in March 2020, we’ve seen significant year-over-year increases in sales and home prices across the province. The province has now entered phase three of BC’s Restart Plan, as an increasing percentage of the population has been vaccinated, and fewer individuals...
All the key tips to buying, using, and even renting out a vacation home.
So, you are looking to purchase a second property! Congratulations! This is an incredible opportunity and we are here to help provide you with the keys to success to expand your financial portfolio and ensure stability for the future.
Before you launch into this purchase there are a few things you should know, depending on which...
Help your property put its best foot (or room) forward.
When selling a home, presentation is everything. Successfully staging a property can help buyers visualize themselves living in your home, which ultimately can lead to more offers.
While staging your home for photos has always been important, sellers now have to pay even more attention to their home’s “screen appeal” to...
If you’re thinking of buying a home, you’ve come to the right place. Once you’ve decided you’re ready to buy, REALTOR.ca can guide you through the entire process and a REALTOR® can help take care of the rest.
Here’s an overview of what to think about:
Few joys can match the pride of owning a home, but the responsibility can also come with sacrifices ...
From virtual picnics to video-chat mimosas, you can still celebrate her from afar.
From birthday car parades to virtual happy hours, we're starting to navigate this whole "shelter in place" thing relatively well, all things considered. But a socially distanced Mother's Day feels particularly hard, doesn't it? After all, your mother's likely the very person you need most right now—for a reassuring...
Sure, you can afford your home now, but what if mortgage rates go up?
Low interest rates and mortgages have been a fact of life in Canada for some time now. At the time of publication, the 5-year average mortgage rate has hovered around 5% for nearly a decade. This is a far cry from late 1981 when mortgage rates were as much as 21%.
In 2017, the Office of the Superintendent of Financial...
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Summary Findings:
The idea of quitting your 9-to-5 and working from home, a beach or on the opposite side of the world may sound like a dream, but if you ask the 4.2 million Canadians who are either temporarily employed or self-employed (without employees of their own) they might tell you it's great—until you want to put down roots.
Buying a home is often seen as a milestone towards adulthood. But as the real estate...
Are you thinking about breaking your fixed-rate mortgage? While traditionally considered a financial faux-pas, many Canadians choose to break their fixed-rate mortgage when they find their current terms and conditions no longer meet their needs.
“Breaking a fixed-rate mortgage occurs more often than you would think,” Jared Ksenica, Regional Vice-President, Mortgage Specialist, with BMO Bank...
There are many factors to consider when searching for your dream home, including cost, number of bedrooms, layout and neighbourhood. But if you have children—or plan to someday soon—you need to think about another important selling feature: schools.
After all, you don't want to buy a house only to discover the local schools don't get a passing grade.
Home buyers might assume there's no need to work with a REALTOR® when purchasing a pre-construction build. After all, the builders and developers have on-site representatives promising to take care of all the paperwork, right?
Not so fast. There are a number of advantages to working with someone who has your best interests in mind. Here's what you need to know if you're thinking about buying a brand-new...
Scroll through your Instagram feed and you'll likely see hundreds of photos documenting your friends' renovation progress, interior décor choices and house hacks. Social media has given us a sneak peek into the best parts of other people's lives. What were once intimate celebratory moments are now carefully-curated photo-ops to share with followers. REALTORS® are even setting up photoshoots...
In 2017, 22% of Canadians (about 6.2 million people) reported having at least one disability but the real number is likely higher and growing. With such a staggering statistic, it's unsurprising the focus on accessibility is gaining traction in architecture, design, real estate—and even in outdoor public spaces.
Accessible parks and playgrounds connect people...
For most, the fantasy of building a dream home is just that—a fantasy: the perfectly styled gourmet kitchen, the shower big enough to fit an elephant and every tiny detail carefully considered to be exactly what you want.
As a trained architect, it haunts me that at my age I still haven't designed and built my own home. With so much to consider, where do you begin? As always, a good place to start...
If you're a millennial considering buying your first home, congratulations! You're probably excited until you remember: houses are expensive and—regardless of your current financial situation—you'll likely need to save money to afford one.
This can be intimidating for anyone but, according to a recent survey, millennials in particular say it's become more difficult to buy a home....
People born between 1981 and 1996 (birth year definitions vary) who have reached adulthood in the early 21st century are dubbed “millennials”. It's an entire generation who have been collectively branded with a mix of stereotypes, including being smartphone-addicted avocado lovers who are content to live with their parents well into their 30s and who aren't interested in buying a home.
...Seasons come and go, as do houses on the market! Curb appeal, less competition and serious buyers are just some of the many benefits to listing your home in the winter. Surprisingly enough, the winter months may also be the most wonderful time of the year…to buy a home. In fact, there are many benefits to buying a home in the off-season. Now that we have entered subzero temperatures, here are...
For some people, living in a city loft is the epitome of style; think skyline views, plank hardwood floors, exposed brick walls and heritage features offering inimitable character. With open floor plans and central locations, lofts make ideal crash pads for downtown living. However, the loft lifestyle isn't for everyone.
Here are a few things to know before deciding if a loft is the right home...
"Nothing brings me more joy than seeing my buyers & sellers have success in their Real Estate endeavours. I hope you find the articles on my blog inspiring and educating in your ventures." - Moe Pourtaghi
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