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Category Archives: Buying Properties

Historic Homes and are they a good investment?

Historic homes or charter homes and are they a good investment?:  To buy a historic home or not to buy a historic home that is the long time question. They have a lot of personality, which is one of the main reasons for their popularity. Character homes, without a doubt, have distinct features and histories that contemporary homes lack. Character, on the other hand, comes …

Threat to Traditional Real Estate and Why Realtors Sho...

Threat to Traditional Real Estate, is it anything for Realtors to worry about? We’ve been hearing about “the next big thing” that’s going to revolutionize real estate forever for as long as tech companies like Homestoc, Zillow, and Redfin have been around. It’s mostly been about the Internet in some form or another, and various technological corporations trying to figure out how to make Realtors obsolete. …

Components of a Good Offer

Components of a Good offer are much more than naming your price! Purchasing a new house is both thrilling and stressful. After you’ve located the right house, you’ll need to go through the offer procedure. Making an offer entails a lot more than simply stating your pricing. The sellers must be enticed by the offer. A Purchase Contract is the first and most important …

Crucial Reminders When Buying a House That Will Help Y...

Purchasing a new home is an exciting moment, but the process is far from straightforward. It can quickly turn into a nightmare if you don’t do your homework. Consider the possibility of water and/or heating problems! Investing in a home inspection might help you prevent costly repairs. Condo documents must be reviewed by condo owners. The expense of hiring a home inspector is less …

10 Questions First Time Homebuyers Should Ask

You’ve been putting funds aside for a down payment and are ready to buy your first house, and now it’s time to choose a REALTOR®. As a first-time homebuyer, you want to work with a REALTOR® who is trustworthy and will look out for your best interests. Purchasing a home is likely to be the largest investment you will make, so choosing a real …

The Home Foreclosure Process In Canada and How to Avoi...

What happens if a person is unable to make their mortgage payments? That they have breached their mortgage agreement and are now in default. In this circumstance, what will the lender do? Banks frequently initiate foreclosure proceedings. What Does Foreclosure Mean? Foreclosure is a legal procedure that must be followed. When a borrower defaults on payments, the lender sells or takes possession of the …

Cost Of Living in Calgary Vs Other Canadian Cities

What Is The Cost Of Living In Calgary Statistics Canada’s Consumer Price Index (CPI), or the inflation rate, which measures increases in consumer prices, determines the cost of living in Canada. It is one of the most relevant metrics since it is measured both monthly and annually and is used globally. Many different metrics are used to calculate the CPI, including food, transportation, and …

Mortgages Explained and Made Simple

Are you in the market for a new home and wanting to have mortgages explained a little clearer? Purchasing a house is a large investment. Homebuyers should be aware of the requirements for obtaining a loan. Different prices, amortization dates, and future fines, for example, must all be taken into account. A decent place to start is by talking to a mortgage broker or …

Bank of Canada and Canadian Real Estate Market Update ...

Bank of Canada continues to hold the prime rate The Bank of Canada held the prime rate once again. This was expected as our economy continues to struggle with the pandemic. The BOC is seeing gains in certain areas of our economy as businesses continue to try and get back to any sense of a normal operation. Manufacturers are beginning to ramp up their …

Vancouver Market Outlook February 2021

The Vancouver market outlook has changed considerably over the past year.  In February 2021, 1,000 sales were reported in Vancouver, which is 19 percent higher than the 10-year average (there were only two Februarys that had higher numbers in the last 15 years…2011 and 2016). This was also a 55 percent increase over the previous month and a 64 percent increase over a year …