Start by getting pre-approved for a mortgage. Pre-approval informs you of exactly how much you can spend and locks you in at the current interest rate for 90 days or more. This will let you browse properties knowing exactly what your budget is, which is particularly important when considering potential interest rate increases that can be set by the Bank of Canada.

Don’t wait for the “perfect” time to buy, it simply doesn’t exist. Prices are determined by many factors, such as supply and demand, the overall economy, and many other housing market conditions. The impact of these factors varies not just from city to city, but even neighbourhoods. The best indicator to focus on, when assessing your negotiating power as a buyer, is numbers of days on market for a particular property. Generally speaking, the longer it’s been on the market, the more likely the seller will be to negotiate the price!

Many people believe that mortgage loan insurance protects the borrower, but that isn’t true! The purpose of Mortgage loan insurance is to protect the lender in case the borrower defaults on their payments. Because of this, lenders will take our insurance based on factors such as the down payment percentage, and pass those costs on to the homebuyer/borrower, to be paid either in installments or upfront.

The most important factor is selling your property for the right price. If a property isn’t generating interest in the market, chances are the price needs to be adjusted. Our REALTORS® specialize in utilizing local market knowledge to find a competitive and comparable price that will attract serious buyers in your area.

For property owners, Owner’s Title Insurance offers protection against factors that could undercut your ability to sell or mortgage your property. This includes defects in ownership paperwork, protection against liens, fraud, negligence, and even covers the gap period between purchase and title registration.

First things first, market value is the price that your property should sell for in your current market. This is influenced by many obvious factors, such as location, condition, size, and local market comparables, as well as less obvious concerns such as public confidence in the market, competition, and overarching economic concerns.