What Happens When a Buyer Backs Out of a Real Estate Deal?
Posted on Jul 21, 2022 in First-Time Buyers
When housing markets begin to cool after record highs, some homebuyers get cold feet. Imagine you buy a home for $1.2 million. When it comes time to close after you have signed your purchase agreement, you notice a comparable home down the street sells for $855,000. What happens when a buyer backs out of a real estate deal?
Some homebuyers choose to...
Some homebuyers choose to...
The 6 Best Places to Buy Real Estate in Alberta in 2022
Posted on Jul 20, 2022 in Market Conditions
Soaring home prices across Canada can be worrying to some real estate investors. However, while places like Toronto and Vancouver have reported record highs, many markets in Alberta have risen more moderately. Here are some of the best places to buy real estate in Alberta, if you’re in the market.
6 best places to buy real estate in Alberta in 2022...
Five Important Factors When Buying a Cottage
Posted on Jul 11, 2022 in Moving & Relocating
If you’re considering buying a cottage in Canada and have been watching the market, you already know this market segment has seen a surge in competition between buyers over the last decade. In recent years, cabins and cottages have been in high demand, as interest in renting out personal properties for extra income has become more accessible throug...
The Advantages of Putting 20% Down on Your Home
Posted on Jul 08, 2022 in First-Time Buyers
Is it possible to have a down payment strategy in today’s sizzling Canadian real estate market? From the Prairies to Atlantic Canada, it is clear that all kinds of residential properties are rising in value. And while there are obvious advantages of putting 20% down on your home, current conditions are posing challenges to many homebuyers.
When you...
When you...
Things To Consider in the Face of Rising Interest Rates
Posted on Jul 06, 2022 in Market Conditions
The Bank of Canada (BoC) has said it will be use its monetary policy to tamp down inflation, which currently sits at a 30-year high, joining the chorus of central banks worldwide trying to grapple with the rapidly escalating cost of living. So far this year, the BoC has already moved forward with rising interest rates three times, and Governor Tiff...
The Pros and Cons of Blind Bidding
Posted on Jul 04, 2022 in First-Time Buyers
Over the last couple of years, blind bidding has become one of the more controversial practices emanating from the Canadian real estate market.
This is a practice where homebuyers bid on a residential property listing without knowing what the competing offers are. While it is most common in the major urban centres, blind bidding has migrated into Ca...
This is a practice where homebuyers bid on a residential property listing without knowing what the competing offers are. While it is most common in the major urban centres, blind bidding has migrated into Ca...
