Home Price Deceleration Doesn't Mean Home Price Depreciation

Posted on Jun 16, 2022

Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear:

Appreciation is when home price...

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Why You Need an Expert To Determine the Right Price for Your House

Posted on Jun 07, 2022

If your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market might be just the answer for your summer plans. With homes continuing to get multiple offers, this could be your moment to get the contract you’re looking for on your house if you’re ready to sell.

And here’s the thing – you need an ex...

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How Today's Mortgage Rates Impact Your Home Purchase

Posted on May 09, 2022

How Today’s Mortgage Rates Impact Your Home Purchase
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the mo...

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Your House Could Be Closer To List-Ready Than You Think

Posted on May 04, 2022

Your House Could Be Closer to List-Ready Than You Think

One of the biggest concerns for a homeowner looking to sell is the time they’ll have to put in before listing their house. If that’s the case for you, you should know – your home might be closer to list-ready than you think in today’s housing market. A survey of recent sellers from finds that many were able to get their house ready in le...

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How Upset Should You Be About 5% Mortgage Rates?

Posted on Apr 26, 2022

How Upset Should You Be about 3% Mortgage Rates?

Last Wednesday, Bank of Canada announced that their 5-year fixed mortgage rate was at almost 5% (4.99%) for the first time since March of 2020. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things:

1. The bump-up in rate s...

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How Ownership Can Help Shield You From Inflation

Posted on Apr 26, 2022

How Homeownership Can Help Shield You from Inflation
If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhi...

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