With the ever changing trends in the Canadian Market, great news for home buyers comes over the horizon to level things out and effective this December 15 2024 houses up to $1.5 Million will qualify for mortgage insurance, moving the notch from a $1.0 Million Cap. This means that you could buy a property up to $1.5 Million with less than 20% down payment and this is great news for the ones saving up to buy properties in cities like Vancouver or Toronto, where Detach and Semis usually start in... [read more]

Today the bank of Canada announced the long awaited interest rate cut this morning after 6 consecutive holds. Starting with a very cautious -0.25%, changing the new target to 4.75% , this announces the new shifting in the Real Estate Market , encouraging more buyers that were waiting in the side lines to start their new journey , in the table below you can see the most recent announces from the BoC. Interest Rate announcements Date Target (%) Change... [read more]

When it comes time to sell your home, you will likely be put in a situation where home updates, repairs, and upgrades are recommended in order to boost the value of your home for maximum returns! Now before tearing down a wall or throwing your money at everything it's important to understand not all home renovations are equal. Below you will find a list of the top 5 home renovations that have significant impact on your selling potential: 1. Improve energy efficiency This... [read more]

Are you researching the market and thinking about your new home?, but the questions that always pop in the head is, what are the facts to consider between a new and a resale home, well search no more, i will give 5 important facts that will have you pretty clear about it. Of course, there may be more facts for some , so don't feel discouraged to comment in the section below and give us your insights. 1. Location, Location, Location!: Of course this is our first one in the list,... [read more]

CMHC First Time Buyers Incentive Plan for 2019 According to the federal budget a new incentive for Home buyer’s plan will take place in the following months to come, to help you out to fulfill your home ownership dream under the CMHC (Canada Mortgage and Housing Corporation) first time buyer’s plan. but have in mind the following.  Home Buyer will still have to raise the minimum percentage to apply for an insured mortgage through CMHC. This will apply to households... [read more]