Urban Upgrade & NewInfills

OPEN HOUSE ETIQUETTE

Posted on Jul 29, 2021 in For Buyers

A true real estate staple: the open house. Open houses offer a fantastic opportunity for you to get a feel for available homes in the early stages of your buying process - whether you're considering a particular neighbourhood or browsing different types of homes available. In fact, according to the 2019 Zillow Group Consumer Housing Trends Report...

NOW IS THE TIME TO SECURE RATES

Posted on Apr 29, 2021 in For Buyers

As you have likely heard, fixed rates are on the rise! If you are looking to buy a new property, or your current mortgage is up for renewal in the next 2 years, now is the time to secure rates. Since our fixed rates in Canada are directly tied to the Bond market and with government forecasts, we expect we could see fixed rates close to 2.5-2.75% by...

HISTORICALLY LOW INTEREST RATES

Posted on Apr 06, 2021 in For Buyers

Although interest rates have been quite low for some time now, the onset of COVID-19 led the Bank of Canada to reduce the overnight rate 3 times in March, which, along with falling bond yields, jumpstarted falling mortgage interest rates.
“Best available” 5-year fixed rates fell from 2.44% in March 2020 to a low of just 1.39% in February 2021. In re...

THE HOME BUYING PROCESS

Posted on Aug 31, 2020 in For Buyers

When considering the prospect of becoming a homeowner, especially in the current climate, it can be difficult to know where to start. And while it may feel overwhelming at times, we're here to share our favourite steps. The seven steps outlined below will help you navigate the buying process with as few hiccups as possible.

1. Evaluate - is now the...

WHERE TO CHANGE YOUR ADDRESS

Posted on Jul 10, 2020 in For Buyers

Congratulations! Your deal is now firm, and you have either bought or sold a property. Although a mail-forward with Canada Post can help ensure you don’t miss any important mail while you transition, you will still need to update your address eventually.

Here is a list that should help you not miss anyone important:

▫️ Family and Friends
▫️ Landlord...

ADVANTAGES OF BUYING VS RENTING

Posted on Jun 09, 2020 in For Buyers

Deciding it is the right time to buy a home is a personal choice that involves crunching the numbers, various financial factors, and individual preferences. Comparing the costs of buying is more complicated than renting, so it is essential to look beyond the obvious numbers when considering your best move. While renting allows greater flexibility t...

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