Hire A Top Class Real Estate Agent Who Will Invest In Your Future
Yasir Khan's blog
In February, the red-hot housing market warmed up Canada’s frigid temperatures. The immediate future might not be certain, but public policymakers are exploring a series of tools to cool off the real estate market that has been soaring since the early days of the coronavirus pandemic, and before that. One of these ideas is a capital gains tax on home sales.
Interest rate increases at a reasonable schedule of four times a year would create a stable and more relaxed environment for Canada real estate over the next five years
Liveability in small Canadian real estate markets eclipses relative affordability
Price growth expected in all small markets analyzed, with average increases ranging from 3% to 20% in some areas
House insurance is critical. However, it is an added cost that sometimes people forget about when purchasing a home. While it isn’t necessarily against the law in Canada to not have home insurance when you own a home, most if not all financial institutions and lenders will ask for proof of insurance before approving your mortgage and allowing you to close on your house.
TORONTO, ONTARIO, April 5, 2022 – There were almost 11,000 Greater Toronto Area (GTA) home sales reported in March 2022, capping off the third-best March and second-best first quarter on record. Tight market conditions continued to support a double-digit annual pace of price growth, with an average selling price of $1.3 million. The average selling price dipped slightly month-over-month, bucking the regular seasonal trend.
When you buy a house and take out a mortgage, you make regular payments on that loan until it is totally paid off. A portion of each payment goes toward interest, and the rest goes toward the principal amount borrowed. As the principal on the loan gets paid down and the value of your home increases, your home equity grows. In other words, your equity is what you own outright, or the difference between the value of your home and the amount you still owe on your mortgage.
You are about to make a move to a home that better fits your lifestyle. Congratulations, it’s an exciting time! But before you can do that, you need to sell your home.
The goal of any seller is to get the highest sale price in the least amount of time. If that is your goal, you’re going to want to say hello to staging.