A Changing Market
Posted on Jun 09, 2022
Just like the weather these days, our local real estate market is keeping us guessing.
With interest rates on the rise and further government legislation under consideration, it's fair to say that the market on a whole is in transition. Therefore, buyers and sellers are having to adjust to the new landscape.
When there are signs of a market change it...
Determining the Future of a Neighbourhood
Posted on May 03, 2022
Imagine you have a crystal ball that enables you to see what a neighbourhood will be like in five years. Wouldn't that be handy? You'd be able to get a glimpse of the area's future before deciding to move there.
Unfortunately, that crystal ball hasn’t been invented yet. But, you can still predict the future of a neighbourhood with a fairly high degr...
How your Home’s Market Value is Calculated
Posted on Apr 05, 2022
Imagine you're shopping for a used iPhone 11 that's in good condition. You visit a resale website and discover that most are selling for approximately $350. Would you be willing to pay $400? Probably not. The market value is obviously well-established. There would be no reason to pay more.
Pricing your home for sale is similar. Your home has a marke...
Posted on Mar 10, 2022
Like most homeowners, you probably don’t think of your property as just a building with rooms and a backyard. To you, it’s much more than that. It’s a home.
When you walk into your dining room, for example, you don't merely see the table and chairs. You see memories. You recall laughter with family and friends. It's emotional.
That’s what a home is a...
January 2021 Real Estate Numbers
Posted on Feb 10, 2021
Typically at this time of the year we are looking for signals as to what we might expect for the Spring real estate market. According to the sales data for January it would appear the big story this Spring will be inventory. Or if you like the number of properties available for sale to keep up with the increased buyer demands. For example, the numb...