Real Estate

When you purchase a home, a down payment is typically applied to the purchase price, and the balance is to be paid off over your term of the mortgage. The loan you receive from a lender in order to pay for the house is called a mortgage. Simply put, a mortgage is a legal and binding agreement between a lender and a borrower for a specific amount of money that must be paid back within a predefined...

During the pandemic-era housing boom, many homebuyers purchased residential properties at rock-bottom mortgage rates. In response to the national economy’s pressures, the Bank of Canada (BoC) slashed interest rates to near zero, allowing prospective homeowners to obtain greater purchasing power and acquire a detached house, townhome, or condominium suite that might have exceeded their initial budgetary...

While open houses have been a popular traditional marketing tactic, their effectiveness may be debatable in today’s tech-savvy world. Many buyers conduct extensive research online before visiting a property in person, making open houses less important in the overall marketing strategy.

Selling a home is more than just a transaction; it’s a pivotal step in life’s journey, especially for move-up buyers looking to sell their current home to purchase a larger or more luxurious one. Maximizing the selling price of your home is crucial in this process, as it directly impacts your financial ability to move up the property ladder. With the right approach, you can turn the sale of your current home into a successful stepping stone towards your dream home.

As you navigate the Canadian real estate market, you might have come across something called a chattel. But what is a chattel? And what is a chattel in real estate? Put simply, a chattel is a movable personal property not permanently affixed to the land. Some examples of chattel include furniture, appliances (dishwashers, dryers, stoves, and fridges), and personal items. Beyond a basic...

At a time when mortgage rates are hovering between five and six per cent and home prices remain above their pre-pandemic levels, discussions surrounding the mortgage stress test have been prevalent across the Canadian real estate market.

A significant uptick in sales and values in the Winnipeg housing market in the last six weeks of 2023 has set the stage for home-buying activity in 2024, according to findings from RE/MAX Canada’s 2024 Tax Report.

Purchasing a property is a significant decision that involves carefully considering various factors, including location, condition, and price. For some buyers seeking unique opportunities in the Canadian real estate market, foreclosure properties present an alluring prospect. As these properties are typically sold at a lower price than their market value, they offer the potential for substantial cost...

Commercial real estate offers a lucrative avenue for investment, providing opportunities for both seasoned investors and newcomers alike. Unlike residential properties, commercial real estate encompasses a wide range of asset types, including office buildings, retail spaces, industrial warehouses, and multifamily complexes. Investing in commercial real estate can yield significant returns over time,...

In the aftermath of the holidays, it's essential to reassess your property insurance, especially with new valuables and recent upgrades. To safeguard your investments, consider updating your policy to include items like TVs, appliances, and electronics. Additionally, use technology to capture images of each room and improvement with your phone, creating a documented record for added...