Are Durham Region’s communities such as Pickering, Ajax, Whitby and Oshawa set to be the major landing spot for the biggest home buying generation in history? Millennials or the millennial generation is also known as generation Y. While no specific dates are attributed to the generation, most experts agree that millennials were born between the early 1980s and the early 2000s. With millions of Canadian millennials set to move into their prime home-buying years, the impact on the Durham Region housing market could be huge. Continue reading
Downsizing becomes an inevitable reality for many people who plan to move to smaller places once their kids move out and start their own families. They might find it unsuitable to maintain a large house and keep up with the chores when they really do not need all that space anymore. In today’s date more couples are going for downsizing, especially the baby boomers who prefer to spend their post-retirement life traveling and exploring new places. However, it can be shocking to find that simplifying your life can be much more complicated than expected. Over the years we build our home by buying and placing multiple objects in our homes. It includes your stuff and that of your kids. It takes a lot to determine what stays and what goes when you are moving into a smaller place. Here is a small list of pointers that can help you with downsizing when you finally plan to do it. Continue reading
So finally you got that promotion you were looking for. However, the position is in another state and you have to move. It is winter and you are worried that your house looks less appealing than in spring, so you might not be able to get a good profit. Well, you cannot really ask your company to hold off the promotion till spring or turn down the offer. What you can do is use your imagination, spruce up your house, and make it stand out from all the other houses in the area. Who knows, maybe you will even get a better deal. Following are some tips to create the much needed curb appeal for your home. Continue reading
Are you thinking of buying a new house in 2016? Well if the price of your dream home is $500,000 or more, you will now have to put a down payment of at least 10%, up from 5%. On Friday December 11, 2015, the Liberal government announced a change for insured mortgages. According to the article in The Globe and Mail, the new rules will take into effect February 16, 2016. Continue reading
In today’s economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there’s no doubt that many people may not fit into the traditional banks’ financing boxes as easily as they may have just a year ago.
Your best solution is to consult your mortgage professional to determine whether your situation can be quickly repaired or if you face a longer road to credit recovery. Either way, there are solutions to every problem. Continue reading
A professional valuation of your house is an estimate of how much your house would sell for if it were on the market. It is specific to the time the appraisal is made in as property values tend to fluctuate over time and the condition of the house changes as time passes. Regardless of whether you are selling your home or staying in it, it helps to know its true value. Continue reading
If you have decided it is time to sell your home, it may seem like a good idea to try and do it yourself. After all, how hard can it be? The truth is, it isn’t as easy as it seems, and if you’re not equipped with the tools and reach of a professional real estate sales representative, you may actually end up losing out on profits from the sale of your home or find it hard to even sell it at all! Continue reading