Real Estate, Ask Away

05/11/2021

Great news is you are currently purchasing.

Variable 5 year term is currently around 1.55%

https://www.creacafe.ca/interest-rates-remain-on-hold-but-changes-could-be-coming-sooner-than-previously-thought/?fbclid=IwAR08xsBXT6rnijbAwW6IyWill-zaPQW9FYXGLcpvrPiGdGDW0YJMlrz7Cf0

In a scheduled announcement on April 21, 2021, the Bank of Canada kept its target for the overnight lending rate at its effective lower bound of 0.25%. While the Bank once again signaled it will continue to keep rates low until economic slack is absorbed and inflation is sustainably back to its 2% t...

04/02/2021

Take a look at some of the potential trends.

03/18/2021

Interesting article

Thinking about leaving Toronto now that you're no longer bound to a physical office or have much to do outside your own living room? You're far fro...

02/25/2021

Multiple offers

Seven ways you can improve your chances of winning the home in a sellers market

Submit a Large Earnest Money Deposit
Show the Seller That You're financially qualified
Give the Sellers Time to Move - let them pick closing date
Put shorter times or remove clauses that are not strictly necessary to you
Offer to Bridge the Gap Between Appraisal and Sales Price if there is a difference
Write Your Best Offer.

There are other things that can be taken into consideration. Please reach out to me if you would like to discuss this further.

02/25/2021

https://creastats.crea.ca/board/monc

The number of homes sold through the MLS® System of the Greater Moncton REALTORS® du Grand Moncton totaled 246 units in January 2021. This was a large increase of 43.9% from January 2020 and was a new sales record for the month of January.

02/25/2021

MULTIPLE OFFERS

Sooo, the market has changed dramatically within the last 12 months or more and now it is extremely likely that you will be in a multiple offer situation when purchasing a home.
There are many factors that you should take into account!
It isn't always the highest offer that is taken by the seller. Sometimes it can be the conditions within the offer, the closing date or even the reason that you are purchasing. All this needs to be considered. If you would like help in thinking about the scenarios and the ways you can pre-prepare for this in advance, please feel free to message me on here, or just call or message me on my cell phone. Glad to help! Bear in mind that if you are working with a realtor, they would be able to answer these questions for you, so it would be better to reach out to them.

02/25/2021

https://creastats.crea.ca/board/nbrea-interest-rate-changes