Karen’s Real Estate Blog
Your source for news & information about Southern Georgian Bay including
The Blue Mountains, Thornbury, Collingwood & Meaford.
Canada Plans To Foster Its Real Estate Bubble By Raising The Maximum Mortgage Size
By Stephen Punwasi Canada plans to increase credit access for the country’s riskiest borrowers in the years to come. A re-elected government may not seem like change, but they promised a big one — larger insured mortgages. High-ratio borrowers will see an increase of...
Canadian home prices expected to be up 20% by end of the year
By Laura Hanrahan Canadian home prices are on the rise with a near 20% projected increase by the end of December, according to the Canadian Real Estate Association’s (CREA) most recent report. As home sales across the country saw a slight drop in August, falling 0.5%...
Tips to avoiding water damage in your home
By Neil Sharma The only thing worse than the cost of repairing water damage to homes is knowing that it was preventable. Upon buying a new home, purchasers should determine whether or not the home is waterproofed, and if it isn’t, it should be one of the first things...
Royal LePage: Canadian home price forecast
Royal LePage: Canadian home price forecast revised upward to 16% as roaring spring market eases into summer Second quarter regional highlights: Aggregate price of a home in Canada rose 25.3% year-over-year in the second quarter Demand expected to outstrip supply with...
Sagen’s 2021 First-Time Homebuyer Survey & Financial Fitness Study
Just Released! It’s here! Our 2021 First-Time Homebuyer Survey & Financial Fitness Study results are now available. The study provides a snapshot of Canadians’ homeownership attitudes and financial fitness with factors such as social isolation, job loss, remote work...
Why the First-Time Home Buyer Incentive is struggling to gain traction
Why the First-Time Home Buyer Incentive is struggling to gain traction https://www.theglobeandmail.com/canada/article-why-the-first-time-home-buyer-incentive-is-struggling-to-gain-traction/ MATT LUNDYECONOMICS REPORTER SEAN KILPATRICK/THE CANADIAN PRESS The federal...
How remote work is impacting the real estate choices of young Canadians
The normalization of remote work was beginning to pick up steam in the years leading up to 2020, and as a result of the COVID-19 pandemic, has gained more widespread acceptance across many industries. As such, the trend of young Canadians choosing to live further...
TOP Home Renovations to Get You The Most ROI in 2021
Pandemic living has changed the way Canadians think about renovations: more than half of us renovated our homes last year for living there. Only 16 per cent of us renovated specifically to increase our home’s market value. Still, nearly 60 per cent of the Canadians...
Tight market conditions create renovation craze in 2020 and 2021
Article by Neil Sharma Canada’s housing market caught fire in mid-2020 and that spurred more than half of the country’s homeowners to renovate their existing abodes either to remain in place or to sell, says a new report from A Leading Real Estate Firm. The 2021...
Tips on Retiring Earlier
1. Decrease your housing expenses. Moving to a more affordable city can save you thousands per year, and with so many working from home, it's more attainable. Here is a list of the 20 cheapest cities to live in, in Canada. 2. Work part-time. Retirement does not have...
Royal LePage: Canadian recreational house prices forecast to increase 15% in 2021
Highlights: A house in Ontario’s and Atlantic Canada’s recreational property markets expected to see highest price gains in 2021, rising 17%; Quebec and British Columbia recreational markets forecast to increase 15% and 13%, respectively 91% of recreational experts in...
What’s Happening March 2021- Market Update
The February numbers are in and the month roared in like a lion and went out like one too! While the strong numbers were considered surprising just a half a year ago, the outlook for housing in Canada has trended positive and the consensus is prices will rise. CMHC,...