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Canadian home sales jump in March as buyers come out of hibernation

Canadian home sales jump in March as buyers come out of hibernation Sales of existing homes in Canada jumped in March from February as the winter deep freeze ended and home buyers started to come back into the market, the Canadian Real Estate Association said on Tuesday. The Canadian Real Estate Association says the number of homes sold last month was up 4.9% compared with the same month last year, ...

First Steps Part Two

First Steps, Part 2 In Part one, we looked at a few of the first steps someone should take before setting out on a house hunting expedition. This included: Decide if you really want or need to move Decide on what type of home you want Know what you can afford. Under point three, I had asked Jill Gravelle, a mobile mortgage specialist with RBC (613-266-0328) to explain what it means to be ...

The Spring home-buying season is coming into Bloom

The Spring does seem to be coming awake. The President of the Ottawa Real Estate Board reports on the March 2014 numbers. The numbers that really had effect is probably the ones on the thermometer. Now that the weather is finally moving above zero there may be a fast track to those trying to avoid the increases announced for CMHC fees. So if we take a look at the numbers I think the steady pricing, ...

First Steps

With the spring real estate market starting to pick up steam, real estate agents are seeing an increase in the number of people wanting to take a look at homes that might be of interest to them. Before you do that though there are several steps to consider: Decide if you really want to move and if so to where. Seems a simple question, but it really isn’t. All sorts of factors come into play ...

Lending rates dip for spring!

The spring real estate market is warming up and the banks are already competing for new business.  It has been broadcasted that many lenders are offering 5 year fixed mortgages for less than 3% to qualified home buyers this spring!  What a great oportunity to get into the real estate market. As a Licensed Mortgage Broker and Licensed Realtor, I'm in a unique position to help new home buyers ...

Conference Board: Housing market crash unlikely

Conference Board: Housing market crash unlikely The Conference Board isn’t buying the notion that Canada’s housing market will suddenly crumble, saying the most likely outlook is for a modest decline nationally and in some specific markets. The Ottawa-based think-tank argues in a comprehensive new look at real estate in Canada that the conditions for a crash simply don’t exist, despite ...

Wealth rises & household dept falls

Canadians are in the money as wealth rises and household debt falls from record The ratio of Canadian household debt to disposable income fell from a record in the fourth quarter as Canadian families slow their pace of borrowing. Credit-market debt such as mortgages increased to 163.97% of disposable income, compared with a revised 164.20% in the prior three-month period, Statistics Canada said Friday ...

Canadian Home Sales

Canadian existing home sales edged up 0.3% in February, breaking a five-month run of declines, but the national view doesn’t tell the whole story. Nationally, home sales are up 1.9% from a year ago, but BMO senior economist Robert Kavcic says markets vary widely across the country with half of Canada’s largest cities reporting a sales dip from a year ago. Full article – http://tinyurl.com/mbuq2zf   Source: ...

HOME STAGING PART THREE

AVOID THESE DEAL KILLERS: You stage your home so that it offers maximum appeal to the largest number of potential buyers. I have already mentioned the need to declutter and depersonalize it so that buyers can better visualize themselves living in each room that they enter. There are other deal killers though and here are a few examples. 1. Odors, the number 1 deal killer of sales Have carpets, ...

Spacious End Unit

Three bedroom, three bathroom townhouse in Huntclub Park, close to all amenities. $269,000    Mls#901553 Call Diane DeCooman 613-837-3800 ext. 134