December 16, 2024
December 16, 2024
When it comes to selling your property, be it your home, a ‘fix and flip’ or an investment property, there are a number of different strategies you can use. You can start high. After all, studies have shown that for most people the largest chunk of their net worth is in their real property. And so, you want to realize as much equity as possible from the sale. And of course, the mind set often is ‘I can always come down’. And who knows, even if you are overpriced, there is always the possibility that someone will come along who absolutely falls in love with your property and is willing to pay what you are asking or beyond. You might get lucky.
November 18, 2024
When purchasing a pre-construction condominium in Ontario, it's essential to understand the financial obligations during the interim occupancy period—the phase between moving into your unit and the official transfer of ownership. This newsletter will explore some of the common requirements that purchasers of new builds will need to know when purchasing a pre-construction condo unit.
November 15, 2024
Not sure if it is due to the consistent drop in interest rates or the weather, or if it is a combination of both, but whatever the reason, the market is continuing strong long after we would normally see a downturn. And that is true both for average sale price and also for unit sales.
There is a housing crisis in Canada and it is impacting both prospective home buyers and prospective tenants. Simply put, there are more aspiring occupants than there are dwellings to put them in. Of course, the problem isn’t consistent in all locations across the country. Remote areas and areas with limited growth and slim employment opportunities aren’t impacted. But high-density urban areas, areas where population is consistently growing and areas within reasonable community distance of large centres are definitely feeling the pinch. And that pretty much encompasses all of Southern Ontario.
November 15, 2024
Closing costs are a one-time fee associated with the sale of a home and are separate from the mortgage insurance and down payment. Typically, these costs range from 1.5-4% of the purchase price, depending on your location. Factoring these costs into your maximum budget can help you narrow down an entirely affordable home and ensure future financial stability and security.
November 11, 2024
It seems every time we have a party at RE/MAX Garden City it never is an isolated event. It always becomes an annual tradition. And that’s certainly the way it has been with Halloween. Costumes, contests, pot luck, lots of fun.
October 15, 2024
RE/MAX entered the real estate scene in 1973. Over 5 decades ago! At the time, it was a radical new approach to the typical real estate company model. Up until then there were basically two company structures. There was the conventional real estate office, where the Broker of Record was pretty much in control. He/she charted the course of the company. He/she controlled all the marketing and advertising. And he/she paid the costs. But in return, he/she retained half the commission. It was what we called a full service conventional real estate model.
October 15, 2024
With the first in a series of Bank of Canada rate drops having begun in June, many individuals are looking at the housing market with renewed vigor.