A renovation is a great way to boost your property value and improve a home’s liveability. Unfortunately, renovation horror stories are a dime a dozen. You’ve likely heard a few doozies, and perhaps you’ve even told some yourself from personal experience. From lost deposits to blown budgets and missed deadlines, these scary tales are enough to keep you up at night. And the worst [...]
The Canadian real estate market is confusing enough without having to look at it from a global standpoint. However, sometimes you have to look at the bigger picture to help put things in perspective. According to the Knight Frank Global House Price Index, Canada is sitting at the bottom of a global housing slowdown. In 49th place of 56 housing markets, the report which tracks annual [...]
The impact of climate change affects us all. Not only are the Earth’s temperatures rising, we are seeing more natural disasters as a result of the phenomenon and natural habitats are declining at an alarming rate. The good news is, there are small steps you can take for a more energy efficient home, that go beyond recycling and composting. Consider the following tips for [...]
House flipping has been on the rise for some time and with a number of popular house flipping television shows being broadcasted daily across the country, it is easy to see why it is so appealing. A short, thirty-minute episode makes the overall process look pretty easy to flip a home and resell it for a large profit, but don’t be fooled! There is [...]
Average home price expected to rise by 3.7% next year • Increased consumer confidence could be a key factor affecting the housing market in 2020 • 51% of Canadians are considering a home purchase in the next five years, up from 36% at the same time last year • Only two in 10 Canadians say that the mortgage stress test negatively affected their ability [...]
With technology always on hand and information literally at their fingertips, the hyper-connected Millennial generation has taken a do-it-yourself approach when it comes to consumables, including everything from products and services, to purchases of every kind – including real estate. Generation Y might as well be called Generation DIY. The appeal in DIY lies in the flexibility, customization and let’s face it, the cost-effectiveness. As [...]
When it comes to selling your home there are a lot of factors to consider, one of the biggest being the timing. While sometimes timing cannot be controlled, there are certain times of the year that are better than others when it comes to listing and selling your home, if you are not in a huge time crunch. We reached out to our RE/MAX [...]
Seller’s market conditions expected, prices to rise 6% RE/MAX is forecasting conditions favouring sellers for the Ottawa housing market in 2020. The average residential sale price is expected to rise by six per cent, thanks to existing market momentum, despite the region experiencing greater market stability in the past. Low inventory and a strong buyer pool should put upward pressure on prices going into [...]
There’s one thing every homebuyer has in common, regardless of the city they’re buying in, the market conditions or the type of property – you have to make an offer. Whether you’re still in the browsing stages of the home hunt, or you’ve started to put your plan into action, prospective buyers would be wise to do some legwork and gain insight on how [...]
While investing in real estate is very lucrative, any novice investor is destined to face some pitfalls along the way. Rental properties can provide investors with the constant cash flow that they need to succeed as a distinguished investor. However, without the proper guidance and know-how, aspiring investors can make several mistakes that may cause some serious headaches. You might be experienced in purchasing [...]
