The colours of your Oakville home can help make you more money on your sale. Front doors painted black can increase your sale price. Yellow on the outside of the home can depreciate its value. Light grey can make an old home look just like new! When it comes to interior walls bold colours are…
Debt Improvement
The multiple increases in interest rates are having a positive affect. Canadians are borrowing less and creating less debt. While household income and min wage continue to rise and debt payments remain stable. Statistics Canada says there was $1.68 in credit market debt for every dollar of household disposable income this June 2018 , its…
Moving Costs
Here is a refresher of the necessary fees involved in buying/selling homes for those of us who are considering moving in the near future: Legal: To finalize a home purchase, buyers and sellers must have legal representation to process the deal. Plan to spend around $2,000. Closing: Property expenses sellers have paid need to be…
Time To Re-adjust Your Budget
The interest rates increase has been finalized. CIBC, TD, RBC, BMO, and Scotiabank all announced an increase in the Prime interest rate from 3.45% to 3.70%. That does not mean borrowers will have to pay this amount; the bank usually give an incentive of Prime – (up to 1%) which means 2.70%. Time to spend…
Confident Canadians
MNP one of the largest accountancy and business advisory firms in Canada; has recently conducted research on debt loans and personal finances across the country. Since March of this year 61% of Canadians have stated their debt has improved. “Canadians might be feeling more optimistic but the question remains; will they actually be able to…
Trump Taxes
U.S president Donald Trump has decided to place a 25-per cent tariff on Canadian steel imports and a 10-per cent tariff on aluminum. Which will affect our structural steel products like rebar and industrial buildings.This is not good news for condo buyers; be aware newer condo prices will be significantly increasing. Prime minister Justin Trudeau…
The Market Is On The Mend
After the slowest April in 15 years and a 22% decrease in sales in May; there was a 17% increase in home sales this past June. Which is also a 2.4% increase in comparison to June of 2017. Also home prices have increased 2%; with an average selling price of $807,871. More buyers are entering…
Affordability Out The Window
Higher interest rates are making it difficult for new home buyers. On average Canadian households have to use around 50% of their overall income on household fees. Depending on the city the percentage can be significantly higher than 50%. It seems as if by next year affordability will be non existent. Do not wait on…
A Market Pick up
The new mortgage rules and cold weather slowed the market early this year. However things are looking up from here. Recently there was a reported 0.5% increase in output for real estate agents. It’s time to get involved in the real estate market people! Once again a reminder interest rates will be rising this month.…
Maximize Your Property Value
It really is what’s on the inside that counts. Sellers pay attention! The way to attract buyers is to upgrade your interior. Survey says the most appealing part of the home for a buyer is the kitchen, followed by the bathrooms and then the basement. Without inputting too many personal touches; have those areas looking…