Over the past few years, a real estate buying frenzy bid up home prices to eye-popping amounts. However, as mortgage rates have risen, buyer demand has cooled.1 Consequently, home sellers who enter the market today may need to reset their expectations.
The reality is, it’s no longer enough to stick a “for sale” sign in the yard and wait for buyers...
Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership. A real estate boom during the pandemic pushed home prices to an all-time high...
Interest rates have risen rapidly this year, triggered by the Bank of Canada’s efforts to curb inflation, and the July MNP Consumer Debt Index found that 59% of Canadians “are already feeling the effects of interest rate increases.” Why has the impact been so widespread? In part, due to the rising popularity of variable rate mortgages. According to...
The process of buying a new home can be both exhilarating and exhausting. But the journey doesn’t stop when you close on your property. On the contrary, you still have quite a bit to do before you can begin the process of settling into your new place. Fortunately, you don’t have to do everything in a day. You don’t have to do it all alone, either...
Canada’s housing market hit a boiling point last year as homebuyers clambered for real estate in regions with significantly more demand than supply. But now that homeowners and buyers alike are feeling the pinch of rising interest rates and record inflation, the market appears to finally be simmering down. That, in turn, could create a welcome openi...
Whether you're a first-time buyer or a seasoned homeowner, shopping for a new home can feel daunting. And its no surprise that buyers often say finding the right property was the most difficult and stressful step in their home-buying process. Of course if you think about it, that makes perfect sense. Buying a home is a major commitment of both time...