August 2022

How to Make an Offer on a House

Posted on Aug 22, 2022 in First-Time Buyers

Regardless of where you’re buying or the market conditions, there’s one thing every homebuyer has in common: you have to make an offer to purchase a home. Whether you’re still in the browsing stages or have started to put your plan into action, as a prospective buyer, it is wise to do some legwork and gain insight into the process of making an offe...

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Flood Insurance in Canada: Is Your House in a Flood Zone?

Posted on Aug 19, 2022 in Insurance

flood insurance for homes

Homeowners have felt the financial pinch of flooding and thus, have questions about flood insurance. Flooding has surpassed forest fire as Canada’s top cause of property damage. Six per cent—and up to 10 per cent—of homes across Canada are already uninsurable for flood risk.

As major floods have become more common in communities across Canada over t...

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The Best Reasons to Hire a Real Estate Agent

Posted on Aug 17, 2022 in First-Time Buyers

Hire a Real Estate Agent

It’s no secret that buying or selling a home can be one of life’s most stressful endeavours. With so many unknowns and variables at play, limiting stress during this event can help make the process more enjoyable; one of the simplest ways to help reduce the stress and anxiety attached to purchasing a home is to hire a real estate agent.

The Role of...

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How Will Higher Interest Rates Affect Me?

Posted on Aug 15, 2022 in Market Conditions

how will higher interest rates affect me

Canadians have enjoyed low interest rates for the last decade, but even more so since the onset of the global pandemic, when the Bank of Canada responded with a trio of rate cuts, bringing us to 0.25%. But 2022 has already seen three interest rate hikes in response to soaring inflation rates, which reached a 39-year high in May, at 7.7 per cent. Wi...

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Everything You Should Know About Buying Vacant Land in Canada

Posted on Aug 12, 2022 in First-Time Buyers

Buying vacant land

When buying a home in the Canadian real estate market, many commonly assume that the bulk of the cost is for the home, but in reality it, it is the land that the house is built on that is of most value.

The housing market is all about the land since, especially in hyper-dense cities, is ostensibly finite. While Canada is one of the largest countries...

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Property Taxes: What to Expect

Posted on Aug 10, 2022 in Property Tax & Assessment

Property Taxes

In Canada, everyone has an opinion about property taxes. Whether city dwellers or rural folk, each side will argue that the other is not paying enough in property taxes, making for a heated and spirited discussion about levies on the residence you worked hard to purchase.

That said, aside from discussions over what the property tax rate should be, t...

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