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Home Renovations That Buyers Want

What are the home renovations that buyers want to see on the market? It’s a great question, and one you’ve likely pored over if you’re preparing to list your home for sale in the near future, or you’re embarking on a renovation with a thought to long-term resale value. According to the 2021 RE/MAX Renovation Investment Report, more than half of Canadians underwent a home renovation for personal/non-ROI purposes, with 29% choosing to renovate for non-essential “lifestyle” reasons, such as recreation-inspired projects. Despite the trend of renovating for personal use and enjoyment, 59% of Canadians said they always consider the return on investment that a renovation will have on their home’s overall market value, so while there is a current…

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How hot is the Canadian real estate market right now? It is skyrocketing so much that the Canadian Real Estate Association (CREA) is projecting that the housing market is poised to post record highs again this year. According to the association, more than 700,000 properties will change hands in 2021, up from 551,262 last year. The national average home price will surge by an annualised rate of 16.5 per cent to $665,000 this year. All this is because demand is exceeding supply at a record-breaking pace.

But will this strength continue in 2022? CREA believes that the Canadian real estate market will be beginning to cool down next year, with 614,000 transactions and prices coming in below $680,000.

“At this point everyone…

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The kitchen is the #1 place in the home that people flock to. Maybe it’s the smells bringing back fond memories of home cooking, or just the fact that it’s where food is and we all love to eat! Whatever the reason, the kitchen is the place to be, but it can get crowded quite quickly. Here are some great ways to keep your storage smart, and your kitchen looking smarter.

1. Turn Your Walls Into Storage

This is at the top of the list as it’s probably the most accessible and impactful addition you can make to your kitchen space. Regardless of the width or height of wall space you have, there are tons of options to turn them into storage havens. Simple shelves can work in a pinch for storing essentials, or you can make it more niche by fastening a…

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Moving is a task that requires a big budget and a high level of organization. It will also require a lot of your time – whether that’s planning the move, packing your belongings, or the administrative tasks that come with it. While hiring a moving company can help you with time and stress, it can be costly. To help you decide what option is best for you based on your current situation, here are advantages and disadvantages to hiring a moving company versus renting a moving truck.

What You Need To Know About Moving Truck Rentals

  • Moving truck rentals are affordable. You are in charge of doing the driving and the moving labor by yourself unless you choose to hire extra help or ask friends and family for assistance. 
  • Many truck rental…
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When looking for a real estate agent, there are a number of factors that must be taken into consideration. Your agent will be the one assisting you in one of the biggest transactions you will ever make, whether that be buying your first home, or selling your family home. Regardless of whether you are buying or selling, having a real estate agent that understands your needs and wants is essential in making the transaction go as smoothly as possible.

One of the best ways to initially start searching for an agent is to ask around to family and friends. More often than not, they will have worked with an agent and given they had a good experience with that agent, they will be more than happy to refer that agent to you. Another…

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  • Canadian real estate street view

While the rest of the economy struggles amid the coronavirus global pandemic, the Canadian real estate market continues to flourish in times of uncertainty. Last year, Canada’s housing sector accelerated, surprising even industry veterans who have seen it all in their careers. It looked like the real estate market was the only segment of the national economy that was immune to the COVID-19 public health crisis. From major urban centres to rural communities, record-setting growth in sales activity and prices was the norm rather than the exception, despite a deep recession and a pandemic.

According to the Canadian Real Estate Association (CREA), national home sales established another record high to cap off 2020, rising…

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  1. What is the Bank of Canada’s current policy interest rate?
  2. When does the Bank of Canada announce its overnight rate?
  3. When is the next announcement?
  4. What factors did Bank of Canada consider in its latest decision?

Bank of Canada’s Overnight Rate

On January 20, the Bank of Canada maintained its target for the overnight benchmark rate at 0.25%

As was widely expected, the Bank of Canada has maintained its key interest rate target at 0.25% after aggressively cutting it last year in response to the global pandemic and its economic aftershocks. COVID-19 continues to take its toll in Canada and around the world. The arrival of a vaccine has somewhat softened the level of “extreme uncertainly,” but the…

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  • Young Couple Buying Home in Canada

Are you in the market to purchase a home in Canada? This will be the biggest buying decision you will make in your lifetime, and not something to be cavalier about. Make sure to equip yourself with the knowledge, resources and experts who can guide and support you along the way. While buying a home can be a taxing experience, it is also a highly rewarding one! Unsure where to begin? We have compiled a list of the six most important things you need to know to buy a home in Canada.

#1 Have More Than A Down Payment

Do you have a down payment for the home of your dreams? Congratulations. You are one step closer to achieving home ownership.

But if you are still working toward accumulating a minimum down payment in the…

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How to Prepare For Closing Day [Free Downloadable PDF]

After you’ve successfully put in an offer for your dream home and set a date for closing, you’ve come to the final steps of your home buying journey. However aside from getting the keys, you’ll want to be prepared for the additional costs, and steps that will be required for a successful home purchase.

The Preparing For Closing Day guide contains information, tips, and more about what to expect on the big day. The guide will also include a checklist of what to prepare and an example of how to calculate the funds needed for closing.

To learn more about how you can best prepare for closing day, get our free buyer’s guide here.

Pre-Closing Day Checklist

To ensure a smooth process for your home…

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Home Ownership Guide blog image

Along with the excitement of purchasing a new home, comes the additional costs that you will be expected to pay as a homeowner. Apart from covering the mortgage of your home, you’ll have additional expenses – such as home insurance – that you will be expected to cover. If you’re looking to budget for a home purchase, it’s important that you consider these costs as they can add up to thousands of dollars each year.

To help you make educated decisions when budgeting, we’ve compiled a list of the major home ownership costs in one free, downloadable guide. Get the Home Ownership Costs to Consider guide here.

Home Insurance

Home insurance policies help protect against serious damage and…

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