This site uses cookies.

The types of cookies we use, and the way we use them, are explained in our Privacy Policy. By clicking "Accept" or continuing to use our site, you agree to our use of Cookies. More information

My Blog
rss feed
The Time to Consider Your Home Selling Options is Now
Posted on Mon, 31 Dec 2018, 02:20:00 PM  in Home selling tips

There are plenty of ways to sell your home. Are you sure that trying to do it all by yourself is really the best move? If you are concerned about saving as much money during the selling process as possible, you may indeed be of the opinion that "For Sale By Owner" is the best option. But is this really the case?

The first thing you need to do is consider the area that you live in. Are there lots of properties for sale near your home? Does this abundance of sale properties mean that people are constantly cycling in and out of your neighborhood? If so, you may be tempted to use the FSBO option. But suppose your home is the only one you know of that is currently on sale in your neighborhood? How will you be able to attract attention to it?The Time to Consider Your Home Selling Options is Now


Do You Have the Skills to Sell Your Home All By Yourself?

When it comes to getting the exposure you need in order to sell your home, it can be a daunting task to try to arrange for it all by yourself. You can use Craigslist or your local Thrifty Nickel to get the word out about your property. And, of course, you can hang a "For Sale By Owner" sign on your property. But how effective will these measures really be?

These are all legitimate problems that you are bound to run into when you are trying to get your home sold using the "Do it Yourself" method. Some people are fine with this challenge. They have the skills that are necessary to overcome the hurdles that present themselves in this situation. Others, however, may quickly find that all of their skill and effort just isn't enough to get them over the finish line.


When is it Better to Hire a Real Estate Agency to Sell Your Home?

There does come a time in many peoples' lives when all of their sales savvy runs out. This will be true particularly in the case of attempting to sell a home by yourself. The main reason that this initiative so often fails is because you simply can't manage to generate enough exposure. In other words, you just don't know the secret to getting your home seen by as many potential buyers as possible.

Depending on your specific situation, you may well find yourself pressed for time and cash. It may be getting harder and harder to maintain your home. You may recently have lost a spouse or gotten divorced. In this case, the home may simply be too big for you. There may be any number of other reasons that speak in favor of selling your home at the most opportune moment - in other words, now.

If this is the case, your best bet will be to find someone who does know how to get your home sold in a quick, timely, and profitable fashion. This will be a reputable and professional representative from your local real estate company. The sooner you come to a mutually profitable and satisfying arrangement with this expert, the sooner you can look forward to being able to sell your home.


A real estate professional is the person who can get your home into the national online listings. This means that tens of thousands, rather than dozens, of people will see your home. This is exactly the kind of national exposure you need to get if you want to sell your property for the profit that you feel you deserve.

How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.



Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Staging Your Home is the Key to a Quick and Profitable Sale
Posted on Sat, 15 Dec 2018, 02:20:00 PM  in Home selling tips

If you are ready to sell your home, chances are good you can't get it done fast enough. You've probably been in the mood to do this a long time. Now is your chance to sell your property, collect the cash, and move into a new location that more closely suits your vision of an ideal home.

But first, you've got to make sure that the home you are selling will fetch the price that you think is fair - and more than fair. This means that you need to get it to a level that is as attractive as possible to a potential buyer. This is exactly why most industry experts recommend that you have your home professionally staged by a real estate expert.Staging Your Home is the Key to a Quick and Profitable Sale


Staging Your Home is a Quick, Simple, and Very Effective Operation

The first thing you should do is list your home with a reputable and professional real estate service. After you have done so, the very first thing that they will be likely to recommend is to have your home professionally staged. This basically means that, after you have moved all of your own furnishings and keepsakes out of the house, you can have it replaced with "dummy" furniture that is provided by the agency itself.


Why is it Necessary to Have Your Home Professionally Staged?

The purpose of filling the home back up with this stand-in furniture is to keep your property from being presented as a bare, empty shell to a potential buyer. Think back to the days when you accompanied your parents to a property that they were thinking of buying. It was probably just the home itself and nothing else. This meant that you had to use your imagination to picture just what it would look like once you moved in and filled it with your own stuff.

Of course, not everyone got the memo at the same time. Some homes were harder than others to "people" in this imaginary fashion, with the result that your parents probably moved on to a new property in another area. This is why it is so important to have your home professionally staged.

In the 21st century, people simply have less time to engage in such imaginative reveries. They would rather have a quick and reliable impression of what a fully furnished home looks like. This way, they can quickly come to a decision as to whether or not they want to buy it. Staging your home saves a lot of effort and leads to a much faster sale.


The Time for You to Begin Staging Your Home is Now

If you are ready to sell your home in a quick and profitable fashion, the time to begin staging your home is now. You can move all of your furnishings to your new location or simply put it in storage for a time. Meanwhile, you can hire a real estate agency to get your home staged with their own furniture. This will be the prelude to opening up your home to be viewed by a series of potential buyers.

The benefits of having your home professional staged by a real estate expert should be obvious. The more attractive and "homely" your property is, the quicker it will sell. And you will be much more likely to get the price you are looking for without a series of tedious negotiations. For all of these reasons and more, it's an excellent idea for you to contact a real estate service today to stage your home.

How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.



Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Should You Stage Your Own Home or Hire a Staging Service?
Posted on Fri, 30 Nov 2018, 02:10:00 PM  in Home selling tips,  My services, etc.

When it comes time to sell your home, you're going to have to do some critical thinking. The biggest priority on your list will be to sell your home quickly for a price that will satisfy you. This means that you will need to show off your home in the best possible light so as to quickly attract a committed buyer. One of the best modern ways to quickly sell your home is to have it staged. This is a process that involves showing your customers a fully furnished home in place of a bare property.


Home Staging is a Theory Whose Time Has ComeShould You Stage Your Own Home or Hire a Staging Service

In the old days, it was believed that emptying out the home of furnishings before showing it was the best method. This was because real estate agents tended to feel that a potential buyer wanted to see the property itself and then people it with their own imagination. However, this theory has been replaced by a belief that a prospective buyer will prefer to see a warm, fully furnished, "lived in" property so that they can know what it looks like when a family actually lives there.


Is it Better to Do the Staging Yourself or Let a Real Estate Agent Do it?

One of the biggest questions that will now confront you concerns whether you should see to the staging yourself or have it done by a real estate professional. There are several pros and cons to the do it yourself approach. If you want to risk leaving your furnishings in the home and are comfortable with doing so, you can probably dispense with a professional staging service. However, if these furnishings are needed at your new property or are too valuable to risk getting damaged, you may prefer to hire a professional home staging service to do the job on your behalf.


If You Want to Quickly Sell Your Home, it Needs to Be Staged

Home staging has become an accepted part of the selling process. This means that if you want to sell your home in a timely and profitable fashion, you will need to have it staged. It may be more cost effective to do it yourself. However, you may run into trouble if you don't have furnishings that will compliment your home. Your own property may have been accumulated over the years from hand me downs and furnishings bought for the needs of previous locations. As a result, it may have been good enough for you but not necessarily good enough to show in your home to a potential buyer.


In the End, it Makes Sense to Go With a Professional Staging Service

If the furnishings in your home don't exactly gibe with the basic décor or style of your home, you can have them replaced. A professional home staging service will supply furnishings of their own that will help to show off your home in an attractive fashion. This is a change that will help a prospective buyer picture the home as theirs and help them to reach a positive decision more quickly.


Most home staging experts work in conjunction with a real estate service. This is why it's ultimately better to let a pro handle the job rather than attempting it yourself. The time for you to contact an expert home staging service to learn more about what they can do on your behalf is now. Get in contact with your local real estate agent today to get the ball rolling on this crucial and highly profitable process.

How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.



Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Rules for Working with a REALTOR®
Posted on Thu, 15 Nov 2018, 02:05:00 PM  in Home buying tips,  Home selling tips, etc.

The majority of home buyers do not have a clue about decorum rules with REALTORs®, nor do they understand why some will yell at them when they call them at random with queries. In their perspective, these buyers have not done anything bad. They are only trying to get information about a home for sale. Here is some easy protocol to use when looking for a home that meets your requirements and ensures you have a good working relationship with the REALTOR®.Rules for Working with a REALTOR


Know that REALTORs® are paid on a commission basis

Most REALTORs® prefers working on commission, and this means that they receive payment once they make a successful deal. In other words, if the REALTOR® does not close a deal, he or she will not receive payment. For this reason, the agents will be encouraged and do a perfect job for their clients. Since REALTORs® are not community servants to offer services for free, never should you ask them to work for you if plan to cut the listing agent out of the deal.


Keep Appointments and Be on Time

Be polite, exercise a high level of courtesy and do not expect the REALTOR® to stop what he or she is doing to go and show you a house. Probably, you are not the REALTOR®’s only prospect or customer. Never should you book an appointment with a realtor and then ignore showing up. If you think you will be late, call your REALTOR® and let them know what time they should expect you.



Decide whether want to buy a home without the help of a REALTOR®, deal directly with a REALTOR® or if you intend to hire your own representative. If you opt to use your own representative, make sure you interview the professionals to get the one with whom you believe will meet your requirements. When interviewing the REALTORs®, let everyone know you are in the interview phase. Avoid interviewing two different REALTORs® from the same real estate firm.


Never contact a listing representative if you are working with a buying representative

A listing representative is a professional who specializes in working for a seller and not the buyer. If you decide to work with a listing representative, they will work under dual agency and conflict of interest might arise. Once the listing representative shows you the house, he or she will want to be your representative in the deal. Ethics preclude any listing agent from giving partisan treatment. If you request a listing agent to discount the price of the home as a favor, most of the professional won’t agree since it comprises integrity. A reputable listing representative will not agree to do the job of a REALTOR®. Let your REALTOR® do his or her job.


Practice Open House Etiquette

Inquire from your REALTOR® if it is proper to go to the open houses alone. In some regions, it is glowered upon to attend open houses without escort. Hand your realtor’s business card to the representative hosting the event. In most cases, the open house will be hosted by buyer’s represntative looking for the buyers who don’t have representatives. Letting everyone know that you are represented will protect you.


Refrain from asking the host questions about the seller since the REALTOR® will do that for you. This is because your agent is experienced and will use a different approach that will work.


Having a good working relationship with your REALTOR® is essential. This will ensure you get the best services and best result for your search for your dream home.


How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.



Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Seven Winter and Holiday Safety Features for Your Home
Posted on Wed, 31 Oct 2018, 11:40:00 AM  in My services
Tags:,  ,    

As winter and the holidays are approaching, it is essential to consider the safety features in your home. Autumn is the best time to begin thinking about the safety inside and outside your home to prevent any problems.


Replacing a Home's LocksSeven Winter and Holiday Safety Features for Your Home

It is a good idea to check your home's locks to verify that the devices are in good condition. Walk through your home to check the locks on all of the doors or windows, and keep track of any problems so that you replace the items on your own or by calling a professional locksmith. While old-fashioned locks might work, you may want to upgrade to better devices for additional protection.


Trim Shrubs and Trees

When thieves are looking for a home to enter, they search for buildings that have hiding locations such as behind the dense foliage of trees and shrubs. Trimming these plants before winter begins can protect your property from a break-in during the holiday season when burglars are looking for valuable items underneath a Christmas tree.


Have Fireplaces and Chimneys Cleaned

Professional chimney sweeps recommend having fireplaces and chimneys inspected, cleaned and repaired once a year. If you want to use your home's fireplace this winter, then call a chimney sweep first. These experts inspect a chimney by dropping a camera into the item to look at its interior on a computer screen. When there is a problem with the chimney's materials, the technician can repair the item. In addition, the chimney sweep will remove wood particles and creosote from the fireplace and the chimney shaft to prevent internal fires.


Add More Exterior Lighting to Your Property

The addition of lighting fixtures on the exterior of a home can prevent thefts or vandalism, but it can also prevent accidents. It is darker in the morning, and it gets dark sooner in the evening, making it difficult to navigate during snowstorms. You can add solar or electric lights to the lawns or the sides of a building to increase the visibility on your home's lawns.


Install a Modern Security System

Today, you can find do-it-yourself security systems that work with computers or smartphones. Alternatively, you might want a professionally installed security system that has alarm devices and surveillance cameras. There are inexpensive and simple security devices, or you can invest in a higher quality system that includes extra features to protect you and your home.


Use Candles Properly to Avoid Dangerous Fires

If you enjoy using candles in the winter, then you should use the items properly to avoid a dangerous fire that can lead to an injury or property damage. First, make sure that a candle is in a safe candleholder rather than using a glass jar or old dinner plate for the item. In addition, place the lit candles and candleholders in a location away from family pets, children or anything that can blow over the flame. Last, you should never leave a lit candle unattended.


Check Your Home's Smoke and Carbon Monoxide Detectors

You should have carbon monoxide and smoke detectors inside your home in various locations. It is vital to test these devices once a month to verify that the batteries are functional and that the alarm systems are working. Carbon monoxide is a lethal gas that often builds up inside a home during the winter from a faulty furnace. A good smoke detector will make a loud buzzing noise to alert you about a dangerous fire inside your home.

How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.



Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Renovating Your Front Yard is the Best Way to Entice a Buyer
Posted on Mon, 15 Oct 2018, 11:35:00 AM  in Home selling tips,  My services, etc.

Are you having trouble selling your home? The delay could be due to a number of reasons. The market may be sluggish. The time of year may be all wrong. Or it could be due to the fact that some aspect of your property isn't at its most enticing. You don't need to panic over this revelation. You just need to take the appropriate steps to get things back under your total control.

Have you had a look at your front lawn lately? If it's buried under snow in the middle of winter, it won't be so noticeable. But if the season is summer and your lawn is patchy and brown, it needs work in a hurry. It's important for you to keep in mind at all times the fact that the first thing a potential buyer will see when they step out of their car is your front lawn.


A Brown, Patchy Lawn is a Liability That Needs to Be CorrectedRenovating Your Front Yard is the Best Way to Entice a Buyer

Your lawn should never be brown or patchy. There is simply no excuse for it, especially if you are attempting to sell your home. The first thing you need to do is get the right kind of lawn fertilizer. This is the best way to fill in those patchy spots and get your lawn looking green and healthy. The sooner you perform this very important task, the sooner you can get your home sale back on track.

It isn't about winning some competition to be the best lawn maintenance expert in the neighborhood. It's about making your front lawn attractive enough to give a potential buyer an excellent first impression. When a potential buyer steps out of their vehicle, you want to be sure that they notice your lawn with approval. This is a good prelude to the rest of their experience.


Make Sure the Rest of Your Front Yard is in Tip Top Condition

If you want to sell your home in a hurry, it's up to you to make sure that the rest of your front yard is also in tip top condition. Are there kid's bikes, car parts, and various odds and ends sitting out in the driveway? Donate them to Goodwill, have a recycling service pick them up, or simply drive them to the dump yourself. In other words, get rid of them in a hurry if you want to sell your home this year.

What does your front pavement look like? Are the stones in your front yard path leading up to your door in good condition? If they are missing a few stones here and there, why not invest in some timely replacements? Likewise, if your driveway is patchy or crumbly, it might be a good idea to have it professionally resurfaced. This is an investment of time and money that will pay dividends in a short amount of time.


A Profitable Sale Always Depends on an Excellent First Impression

The most important thing for you to keep in mind at all times is that the sale of your home will depend on an excellent first impression. This means that you need to do everything in your power to make sure that you impress a potential buyer right away.


Keeping your front yard in tip top condition is essential to getting the best possible price for your home. If you have any questions concerning how to do this, it's a good idea to speak to an expert. You can arrange a meeting with a local real estate expert for more information.

How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.



Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
The Latest Canadian Real Estate Market Trends
Posted on Sun, 30 Sep 2018, 12:10:00 PM  in My services

Fortunately, there is never a dull day in the real estate market. The Canadian real estate market has been no exception. Earlier this year, the Canadian real estate market started off with a whimper. For the better half of this year, the Canadian market has reached a stalemate status.


Today's Canadian Real Estate Market Has Reached A Balanced StateThe Latest Canadian Real Estate Market Trends

According to the latest statics, the real estate market in Canada appears to be balanced. Toronto and Calgary have reached a balanced territory while Montreal and Vancouver are heading toward a seller's market.

In the latter part of 2017, Canada's housing inventory stood at 4.8 units compared to 4.9 units of housing inventory in the earlier part of 2017. Overall, Canada's long-term average for housing inventory is 4.2 months. Given the current statics, Canada's real estate market's supply equals demand.


Canadian's Home Prices Remain Stabilized

Even though Canada's real estate market has flattened, housing prices are still holding their valve. The national average home price was down to 6.4 percent recently. This average is due to having more condos than detached housing in Canada current housing mix.

Considering the at the current benchmark price for available housing, home valves in Canada rose one percent. CFEA predicts the national average price going up to 3.8 percent in 2019. The market increases are likely to be seen in Ontario, British Columbia, Quebec, New Brunswick, Nova Scotia, and Prince Edward Island markets. The Prairies, Newfoundland, and Labrador areas will probably continue to see more stability in their housing price markets.


The Reasons Behind Canada's Stabilized Housing Prices

Earlier this year, housing sales in Canada dropped 35 percent in Vancouver compared to the same time last year. Compared with the average priced home in Victoria, B.C., the benchmark price is still six times more than the average's family's income before taxes. House prices in these areas continue to rise. Using the Toronto area as an example, home sales are down 20 percent compared to a year ago. However, Toronto's home prices average eight times the typical Candian's household income.

In the current tepid markets of Prairies and Atlantic Canada changes in housing prices remain within the range of 2017 statics.

Economical housing markets are found in Saint John, N.B., Saint John, Nfld., and Regina Sask areas. Lower house pricing is available in the Charlottetown, Saskatoon, Halifax, and Edmonton areas. These housing prices are before the new mortgage regulations kicked in 2019.


The New Mortgage Rules For 2018 And How To Make Them Work For You

The new loan rules will affect around 100,000 homebuyers. These homebuyers will still qualify for a mortgage. However, they will not qualify the same loan amount in 2019.

Under the new regulations, an applicant's mortgage application will use a minimum qualifying rate. This qualifying rate is currently at 4.99 percent. In the majority of cases, a home buyer will be forced into a less expensive home than they could buy in the current year. If a potential homeowner waits until 2019 to buy a home, a larger down payment will be required.

These new rules could mean the average Canadian homeowner looking at homes around 20 percent cheaper. Those homeowners having issues qualifying under the new mortgage laws will have to make a different purchase price than they originally planned.



For those homeowners looking to renew their home mortgages, the lenders do not have to impose the new mortgage regulations. However, in some situations renewing borrowers could be in a position where they could face uncompetitive rates from their current mortgage holder. Also, because of the new mortgage regulations, current homeowners probably will not be able to shop around a better rate.

How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.



Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
How To Tell It Is Time To Sell Your Home
Posted on Sat, 15 Sep 2018, 12:10:00 PM  in Home selling tips,  My services, etc.

Most Canadians may find it difficult to decide whether or not to sell their home. You may have an excellent reason for selling your home even if you love the house or condo. This fact is especially true when the house or condo cannot meet your changing needs. It is probably time to sell your home if any of the following apply to your situation.


Location is undesirableHow To Tell It Is Time To Sell Your Home

If your job is in a great location with excellent benefits and your house is too far for a commute, then selling your home makes sense. If you are retiring and wanting low maintenance, high-security community, it may be time to sell.


Size is undesirable

As you grow your family, you may need more room to accommodate the growth. One option is to renovate your current residence. Sometimes this option is unavailable due to space restrictions or lack of available permits for an extension. When this option is void, selling your home and finding a larger one may be your best bet.

On the other side, if all of your children have left the nest and you are left with a seven-bedroom home for two people, it might be time to sell. If you move fast enough, you may proceed to the smaller house before any of the kids decide to move back.


Memories are undesirable

When a person has experienced a traumatic event such as divorce, death, or home invasion, it may be necessary to move and leave the memories behind you. In this situation, it is important to explore your financial status and other personal goals before making a rash decision. You should make sure it is the right move for you.


New Home Tips

Once you have decided it is time to move, you will be investigating new homes. You want to ensure your new home has been well maintained and free from hidden problems. When looking at a new home, look at the following:

  • Fire- The house should have working smoke and carbon monoxide detectors.
  • Roof- The type of material (wood, asphalt, tar, steel, etc.) can significantly influence the life of a roof.
  • Windows- The windows should be well sealed. If there is dust and other debris in the windowsills, this fact could mean extra costs in window replacement.
  • Foundation- The foundation should be clear of any cracks or damage.
  • Wiring- Some older homes still use knob and tube aluminum wiring. This type can be hard and expensive to replace. Some insurance providers will not insure a house with this type of wiring.
  • Plumbing- Copper plumbing can cause issues in older homes. You should also check for leaks and proper water pressure.
  • Yard- The yard should be well maintained to verify it is vermin free.
  • Exterior- You should inspect the exterior of the home for cracks in vinyl, decaying areas in stucco, rotten wood/ siding, etc. This type of no repair can be expensive to replace.
  • Bathroom and Kitchen areas- You should inspect the areas around the tub, shower, and sink to ensure no water damage or mould is present. You should also look around the toilet area to guarantee no leaks are present.
  • Appliances- Some homes are sold with the machines. These appliances should be well maintained and work. Some homeowners will leave old stoves and refrigerators in the home, so they do not have to transport the items to the trash.


When you decide to purchase or sell a home in Canada, be sure to follow the above tips. They can save you time and money. They can also help you with the big decision of whether to sell or not.

How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.



Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Canadian Real Estate Market in 2018
Posted on Fri, 31 Aug 2018, 03:10:00 PM  in My services
Tags:,  ,    

Canadian Real Estate Market in 2018

Canadian Real Estate Market in 2018


The real estate market in Canada last year suffered lower overall sales. In 2018, the market has started at a slow pace. However, toward the end of 2017, the market had flattened out.


Current Activity In The Canadian Real Estate Market

In the spring and summer months of last year, activity was down with the numbers of listings increasing. This situation brought small increasing residential pricing for housing. With this situation, the market had moderate increases and flattened out toward the end of 2017. Even though activity and sales of Canadian real estate were booming before 2017, amendments to mortgage regulations have caused a slowing of the Candaisn's real estate market.

With the new amendments to mortgage regulations, all lenders must qualify new loan applicants. Also, those renewing a mortgage or negotiating a new lender must follow these new regulations. As of 2018, all loan applicants are qualified on the mortgage rates which run around 200 points more than previously discounted mortgage rates. These new regulations were voted on and approved in the latter part of last year. These regulations went into effect on January 1, 2018.


What Do These New Regulations Mean For The Canadian Real Estate Market

While the earlier boom in real estate sales may be over, the Candian real estate market is in a state of balance. Concerning months of inventory, in the late part of 2017 in housing inventory, the average months of housing inventory were 4.8 months. The number of months of inventory signifies how it could take to liquate actual inventories at the present rate of sales activity. Overall, the current long-time average is 5.2 months. Presently, these numbers represent a balanced market showing the housing inventory is meeting the demand.



The most disappointing outlook comes from The Candian Real Estate Association. CREA is a trade organization that includes over 100,000 of real estate brokers, and agents in Canada. CREA has dramatically lowered its real estate sales project for 2018. CREA's financial analysts feel the stronger mortgage rules and affordability issues in Canda's real estate markets will slow the Canadian real estate market.

CREA has posted a possible decrease of 5.3% in the number of actual home sales. CREA has projected a 1.4% decrease in national average housing prices for this year. This decrease is based off last year's average housing price of $503,400, bring the average housing price for 2018 at 496, 353. If CREA statistics forecast is accurate, this year would be the first year the national housing price has decreased since the worldwide recession in 2008.


The Forecast For Buyers

Unfortunately, stricter lending regulations usually indicate possible higher interest rates. For buyers, they will not be able to afford the same home as they could have bought just last year. On average for the new home buyer, their housing budget will have to be reduced from 5% to 25%. On borrowers qualifying for a mortgage with a down payment of less than 20% would see an 18% reduction in the maximum purchase price in the home they could buy.

As a buyer, a mortgage pre-approval is a good idea before you start shopping for your home. For home borrowers having issues qualifying with a traditional lender, a non-prime lender could be a good choice. Non-prime lenders will allow higher debt ratios. However, these lenders charge higher mortgage rates. Some non-prime lenders may charge a lower interest rate but make up for their lost revenue by adding additional fees.



The days of selling a home in a week or two are gone. However, the changes in the market will warrant rapid housing price changes creating a balance stable real estate market in Canada.

How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.



Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
Advantages and Disadvantages of Buying a Home with a Swimming Pool
Posted on Wed, 15 Aug 2018, 03:05:00 PM  in Home buying tips
Tags:,  ,    

Advantages and Disadvantages of Buying a Home with a Swimming Pool

Advantages and Disadvantages of Buying a Home with a Swimming Pool

This is a feature that many buyers dream about when it comes to owning a new home. They picture the swimming parties they can have during the warmer months, and all of the days spent relaxing in the pool when life becomes overwhelming. However, there are downsides to owning a pool, such as maintenance, legal codes, and more. Take a look at some of the advantages and disadvantages of having a pool, to decide what option is best for your family.


Improves Physical and Mental Health

Having a private pool could help you get the exercise you need to maintain a healthy weight, and prevent heart issues in your senior years. Staying physically active is important for good bone health, as it can lead to better balance and flexibility. When it comes to stress management, swimming is a form of exercise that can get the positive endorphins running through your body, helping you combat anxiety and depression. Therefore, when it pertains to your quality of life, having a pool might be exactly what you need.


Increased Visitors

Owning a pool is a luxury feature that could increase the number of guests that come to your home, especially in the summer time. This could be an advantage or disadvantage, depending on your preferences. Friends and family will love coming over to dip their toes in the pool, or hang out and soak up the warm sun as they tan. Some of your close friends and family members may even ask if they can host swim parties and celebrations at your home. Keep this in mind when searching for homes with pools. If you are all for the extra guests, make sure you have lots of towels and sunscreen ready!


Higher Insurance Costs

The joy of having a pool may be short lived when you calculate the fees associated with owning this feature, especially the insurance costs. Simply having a pool in your backyard is a liability risk, regardless if you plan to use the pool or not. This could cause your insurance rates to increase significantly. You should check with a sales representative and ask her about the increased insurance costs. She may have some tips when it comes to finding affordable insurance providers.


Maintenance Issues

Swimming pools can increase your social life and improve your health, but they also come with maintenance. The chances are that something will break on your pool sooner, rather than later. The most common replacements and repairs pertaining to pools are:


  • Pool filters
  • Vacuum systems
  • Heaters
  • Liners
  • Regular cleanings


In addition to unforeseen repairs, pools need to be resurfaced at least once every nine to 10 years. Before purchasing a home, be sure to ask the seller about past maintenance and repairs, in order to determine what needs to be fixed and how soon. You should also have an inspection done that includes the pool, to determine if it is in good condition.


Makes Investment More Appealing

On a good note, having a pool could add value to your property, should you choose to sale or rent out the home in the future. This will depend on current trends, the condition of the pool, and the style of the neighborhood. Speak with a sales representative to find out if having a pool will increase or decrease your property value.


Ultimately, the decision to purchase a home with a pool is entirely up to you. While the advantages and disadvantages of having a pool can make the decision easier, your preferences will be the deciding factor. If you decide that owning a pool is not the best option for your family, consider buying a home in a subdivision with a community pool. This allows you to keep some of the benefits, without many of the disadvantages!

How May I Contact You?

Please ask me your question by filling out this form. You will receive an answer to your question at the first opportunity I have to reply. I appreciate the time you have taken.



Thank you for taking the time to complete this questionnaire.
I will be in touch with you.

       comment on this
adminlistingsprivacy policycontactsite map
RE/MAX Metro - City Realty, independently owned & operated
MLS®, REALTOR® and the associated logos are trademarks of The Canadian Real Estate Association
Copyright © 2002-2019. All rights reserved.
Real Estate Website Design by Lone Wolf Technologies.
Lone Wolf Technologies