When it comes to the process of a bidding war under current laws; agents aren’t allowed to share the details of an offer with anyone other than the seller. OREA is suggesting offer details be open to other bidders as well. “This would allow for all parties to put everything on the table and have…
Move Smart
Take the time to get rid of some things while packing to lighten the load and make some extra cash. Take apart anything that can be taken apart and get packing tips from a professional to conserve space. If your reason for relocating is work related save your receipts for tax time to deduct those…
Buying/Selling In Fall
Buying and selling in fall has many benefits. Beat the gruesome winter weather which slows the market down. The fall colours help make homes look more appealing. People are back from summer vacation and kids are back in school, fall is the time of year everyone is getting back to business! The market tends to…
Condo Building Cancellation
There was a condo building cancellation at Vaughan Metropolitan Centre, which affected the buyers of 1,633 units. This left buyers feeling cheated because market prices have increased between the time their agreements were signed and revoked. There’s been 11 residential project cancellations representing about 4,000 units since early 2017. If you need assistance or advice…
Rate Hike Pt 2
Now that the NAFTA has been negotiated a rate hike is a go! There will be a rate hike this October 2018 as well as January 2019. After that rate hike there will supposedly be an extended pause in rate increases. Economists forecast that the Canadian dollar will strengthen over the next six months. Also…
USMCA
United States-Mexico-Canada agreement the new NAFTA agreement. The agreement has been thoroughly negotiated and is awaiting signatures of approval. This is about to make housing in Canada more expensive, and mortgage-holders should prepare for higher payments and renewals. #marketupdate #mortgagerates #oakvillerealestate By: Frank Ilia
Oakville Developments
Looks like there’s lots of construction coming north of Dundas in Oakville. More residential development means the area will need more transit and infrastructure. Oakville Hyundai is also upgrading their dealership lot. The old Bronte Village Mall will be being developed as a residential rental mixed use property, with completion slated for 2020. The land…
Waterdown A Part Of Burlington?
Burlington mayor Rick Goldberg would like to discuss Waterdown becoming a part of Burlington as opposed to Hamilton. He is arguing Waterdown is “isolated from Hamilton and has much more in common with Burlington and Halton Region.” Which geographically makes sense.This change would reflect in the taxes of Waterdown by decreasing them; because Burlington has…
Common Mistakes You Make That Screw Your Credit Score!
Here are some common mistakes to avoid to build great credit score : Applying for too much credit in a short amount of time: Limit the number of credit applications you make as each hard inquiry can negatively impact your credit health. Only making the minimum payment: If you regularly carry a balance on your credit…
NAFTA Negotiations
The next rate hike may be put on hold due to North American Free Trade Agreement negotiations. The negotiations may possibly negatively affect the market. Also specialists say the mortgage stress tests should be re-analyzed. In other news! The Brampton market did very well in August. Average sale price of $709,818; up 10% from last…