July 2022

The Advantages of Putting 20% Down on Your Home

Posted on Jul 08, 2022 in First-Time Buyers

Advantages of Putting 20% Down on Your Home

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...

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Things To Consider in the Face of Rising Interest Rates

Posted on Jul 06, 2022 in Market Conditions

Things to Consider in the Face of Rising Interest Rates

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...

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The Pros and Cons of Blind Bidding

Posted on Jul 04, 2022 in First-Time Buyers

blind bidding versus open auctions

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...

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