Yes, we’re in a bit of a transition; the residential real estate market is shifting. Locally, the average price came down in April from its high (over $800k) the month prior and, unsurprisingly, inventory of homes available for sale is increasing notably (and, as a corollary, so too is the average number of days it […]
What’s Going On These Days?! Read More »
Interest Rates Are Rising Well, it was bound to happen, wasn’t it?! Despite the recent increase and the Bank of Canada’s signaling that there will continue to be more of the same in the near future, mortgage rates remain at near record lows (historically speaking) and still no higher than recent inflation numbers. Heck, there’s
Merits Of The Hobo Lifestyle; Write Yourself Up A Sexy Spreadsheet Read More »
After a taxing week of Realtor reality, biting my tongue and playing monkey-in-the-middle, I feel the need to share an insight or two and, perhaps, a little wisdom. I acknowledge this may be interpreted as being paternalistic – and if so, so be it. Moreover, I recognize that writing this is, at least partially, cathartic
Get your $h!t together and figure it out, already! Read More »
Recently, I’ve had to have the rather awkward conversation with my clients around their list price. Believe it or not, it can be an incredibly touchy subject; some project, albeit subconsciously, personal, subjective value upon the objective market value of their property. I suppose that’s just normal, human behaviour. I refer to it as
Let’s hope that the pandemic will soon be a memory and, as we look back, we’ll have chance to reflect upon some of the more profound legacies this period of cataclysmic disruption will have bestowed. The local residential real estate market has not been immune to the effects of Covid-19. Far from it.
It was the best of times, it was the worst of times… Read More »
… wait just a minute. So, after the tears of joy and high-fives that follow ‘winning’ a bidding war (congrats, by the way), the dust settles, we all land back into the land of reality. Likely, as has been the norm over the past couple of years, you’ll have paid far above the asking
Other expenses you’ll be paying at closing. Hopefully you haven’t suffered a heart attack after reading my previous blog about how much LTT you’ll be paying upon the purchase of your property. … the inconvenient truth is that there are other expenses to pay when you purchase, as well. Gulp.
Statement of Adjustments Read More »
At last! So you’ve finally bought a place. Congratulations! Especially heartfelt congrats to those first-time buyers out there. It’s not easy but at least it makes for good conversation… after the fact. I know it must have felt like a never-ending roller-coaster where there were far more downs than ups – but you made
Guide to Land Transfer Tax (LTT) Read More »
Another Quick Life Lesson Zinger Here From The Real-Life Real Estate Trenches. In a sellers’ market, generally defined as when too few properties are for sale for the number of buyers in the same market (thereby providing the seller the advantage in the transaction), properties listed for sale don’t last long before being scooped
Advantages To Selling Before A Property Hits The Market Read More »
This one is going to be quick ’n dirty – just because I want to make a point and share a lesson I just learned (even though I technically ‘knew’ already, it hadn’t sunk in until this point). I was recently at a staff meeting with the entire team at my real estate brokerage and
The Smart Move Can Be The Least Intuitive Read More »
