Archive for September, 2024

  Unlocking the door to your dream home begins with understanding the power of your credit score. Often overlooked until the mortgage process begins, your credit score is one of the most vital elements in securing a mortgage with the best rates and maximum buying power. In Canada, credit scores range from 300 to 900, and the higher, the better. For those putting down less than 20%, aiming for a […]

  The Bank of Canada’s initial rate cuts this summer didn’t boost housing activity as much as expected. However, with the additional cut of .25% earlier this month, and more potential cuts this year, we could still see an impact on the housing market. Even though there’s not a substantial change in affordability, potential buyers are starting to see the light at the end of the tunnel. This will attract […]

Even in a sellers’ market, there are some ways you can increase your chances of receiving more offers and selling your home for the best value. Check out these expert tips for staging your home to help make the best first impression possible: Clean and Declutter: Clean, clean, and clean some more! While you might not be able to stage each room in your home, ensuring that each space is […]

As the Bank of Canada cuts interest rates, housing activity has remained relatively weak. Existing home sales were well below historical averages in July, while new listings edged upward. Prices have plateaued, and residential mortgage originations are tepid. Mortgage balances grew by 3% annually in Q2, the second slowest quarterly pace since 2000. This portends a further dip in household debt-to-income ratios—welcome news, as elevated leverage drives household financial vulnerability. […]