For two years, most Canadians watching the housing market have been braced for one of two dramatic endings: a deeper slide, or a rate-cut-fuelled boom. Buyers waited for prices to fall further. Sellers waited for 2022 prices to come back. Both camps sat on the sidelines, watching for a signal. Neither ...
Continue ReadingWhen most people picture negotiating on a home, they picture one number: the list price. You offer somewhere under the asking price, the seller counters, you settle in the middle, and whoever gives up the most ground “loses.” For a lot of buyers, that back-and-forth over the sale price is ...
Continue ReadingInterest rates have risen rapidly this year, triggered by the Bank of Canada’s efforts to curb inflation. The July MNP Consumer Debt Index found that 59% of Canadians “are already feeling the effects of interest rate increases.”1 Why has the impact been so widespread? In part, due to the rising ...
Continue ReadingIf you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. With homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever. That’s because ...
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