Here’s a quick note about what’s currently going on in the Canadian Real Estate market.
At this point in time, there is a great deal of opinion and speculation about where the real estate market is headed going forward. Many articles written in the financial press suggest that market prices are overextended and due for a correction, after a number of years of increases. This argument is primarily based on the fact that interest rates have been historically low and have allowed more buyers to enter the market along with lower mortgage payments.
This has led to additional demand at all levels and prices have moved steadily upward as a result. However, the Bank of Canada is concerned about the onset of inflation in general, and is advocating higher interest rates in order to counterbalance inflation and keep the economy as even as possible. As interest rates rise and mortgage renewals become due, the monthly payments go up.
Since many homeowners have higher debt levels than what is considered normal, this could mean trouble servicing this debt and thus have a dampening effect on market prices!
One of the most important factors that will sell your home is the price. Setting the price too high might result in the lack lot of interest. Setting it too low might reduce the potential profit that you would have had going in your pockets. Here are seven reasons why you should really pay attention…
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Although the process to get ready to sell your home may seem like common sense, it is worthwhile to keep a checklist of things to do. With careful planning and a little work you can turn your house into an irresistible and marketable home. A buyer’s attention is naturally drawn to something that’s not quite right so…
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With all the different websites, books, and other resources popping up that promises to give you all the know-how and tools you’ll need to sell your home yourself, it’s only normal that you should think about it when selling your home. Not only are there a number of factors that will work against this tactic…
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In the stock market, the old saying “buy low, sell high” sounds so perfect! But in reality, it rarely works out that way even for the real estate market! Such an ideal is difficult to achieve even in the best of circumstances. So when is the best time buy or sell a property? Timing real estate…
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Very often in advertising, ‘location’ comes up front and center! Just how important should location be? It may not be the most important factor, but it certainly has to be considered. A downtown city condo far out prices a similar condo in an outlying suburban setting. An established area of single family houses in the…
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How do you know, when you wish to place your home ‘on the market’, what price to expect? You certainly don’t want to under price it and you don’t want to overprice it either, since this could mean not selling at all. To answer this all important question requires a logical and statistical study of…
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Welcome to my new website!
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Our beloved Septic System With summer just around the corner, many of us are preparing the exterior of our homes for the great days ahead. But not everything that needs tending to is in plain sight. For many homeowners it lurks beneath your feet…Our beloved Septic System. All of us are very aware of what…
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Well Displayed Homes Sell Faster and for Larger Profit For this blog post I thought I would try something a little different and invite a guest to write about something that I find very important when trying to sell a home; home staging. Current statistics demonstrate that a well displayed home sells faster and for larger…
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