Buying

CREA To Launch Open Bidding Program

The Canadian Real Estate Association(CREA) has announced that it’s starting a pilot program that will allow the public to see real-time offers as they are registered on properties via REALTOR.CA. The details regarding the launch of this program are still vague as they are still completing their due diligence on determining the appropriate place or places to launch.   CREA’s Chief Executive...

What Impact Will Increased Interest Rates Have on the Hamilton-Burlington Detached Housing Market?

On Wednesday March 9th the Bank of Canada announced that it was raising its key overnight lending rate by a quarter of a percentage to 0.5%, as it attempts to fight inflation caused by the COVID-19 pandemic. Homeowners with a variable rate mortgage will immediately feel the effects of the higher rates on their monthly payments, but what does this means for the current detached real estate...

Omicron slows real estate inventory, while increasing prices

The pros and cons of the 4th wave Pros In the face of uncertainty, it’s challenging for policymakers to raise interest rates. Omicron may cause a push back on the plans to increase rates early in 2022 and money will remain cheaper for longer.With restrictions imposed on travelling and entertainment, people will have more available money sitting in the bank, hopefully increasing their saving...

First Time Home Buyer: 5 Important Steps To Consider

Investing in your first home is one of the most important decisions you’ll ever make. Your home is where life unfolds and memories are made, all while building a financial foundation for your future. While buying a home can be challenging for a first time home buyer, there are some great advantages created to encourage newcomers into the real estate market. Here are 5 important steps to consider as a...

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