1. Checking for mold and mildew, vacuuming, dusting and using a dehumidifier especially in the basements
2. Cleaning out the garage, to avoid potential fire hazards and have extra storage for additional supplies 
3. Maintaining good air quality, by replacing both air filters and furnace filters, and also utilizing ceiling fans when possible
4. Preparing for emergencies by building a home emergency kit in case of losing power, water or suffer any other temporary changes to the home

How to prepare a house for summer

How to prepare a home for summer

To all Canadians around the world, a very happy Canada Day to you all.
This day commemorates the unification of the three North American British colonies.
Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths.
So let’s pour our hearts into a continuing effort to purge our society of hate, and let’s protect the most vulnerable among us.

Happy Canada day

Happy Canada Day

Here's some information about what to do for those already under financial stress.
Make fortnightly repayments instead of monthly.
2. Use an offset account, as just having the money there reduces the interest paid on the loan.3. Renegotiate the rate and make sure it’s the best deal with the lowest rate.
4. According to experts, deciding in advance to make extra payments on the loan is a great strategy.

Tips to help to manage a loan

Tips to help to manage a mortgage

Rising interest rates might force homeowners to rethink their financing options.
Homeowners can adjust their amortization period, the length of time it would take to pay off a mortgage at a certain interest rate.If they are 10-yr into their mortgage at renewal, brokers can show them what the payments would be over 20-yr instead of 15.

Another option is for homeowners with a fixed-rate mortgage to refinance and secure a rate before more hikes happen.

Financing options for Canadian homeowner amid rising rates

Here are some tips to help prospective buyers get started on buying a home.
Shop around to see which lender offers the best mortgage rate and terms.
The right agent can make all the difference when buying or selling a home.
Consider homes that have been on the market for 14 days or more.
Turnkey homes with all the bells and whistles attract a crowd, and bidding wars are common.

Tips for finding your dream house in a tough housing market

Tips for Finding Your Dream Home in a Tough Housing Market

1. Signing off all specs in advance of the project start date
2. Treating the home like an asset and focusing on renovations with a high ROI (Return on Investments), like kitchens and floors
3. Not all DIY projects benefit homeowners, for example plumbing and electrical work have to be done to code and with licensed and insured professionals.
4. Partnering with an experienced professional, to guide the homeowner through the process and be transparent about the realistic cost and timeline of renovation

Tips to work around inflation when renovating

The rental market had the largest MoM increase since 2019, ↑ 3.7% in May.
Across Canada, the avg rent for apartments in May was $1,888, ↑ 10.5% YoY.
Calgary ranked 24th in rent prices:
1-bed: $1471
2-bed: $1794
MoM rent-hike in Calgary:
1-bed: ↑ 6.1%
2-bed: ↑ 6%

May rent hikes in Calgary, AB

The Greater Edmonton Area saw 2,857 sales in May, ↓ 1.6% MoM, but ↑ > 4% YoY.
Prices ↑ ~ 9% YoY and were flat MoM, with a benchmark price of $417K.
With single-family homes sales ↓ ~ 3% YoY, the benchmark price ↑ ~ 10% YoY, but ↓ 0.1% MoM. 
Condominium sales, in contrast, ↑ 29% YoY.

Real Estate shifts toward balanced conditions in Edmonton, AB

The MBA said its Market Composite Index, ↓ 6.5% YoY on a seasonally adjusted basis to 288.4.
However, the avg contract rate on a 30-yr fixed-rate mortgage ↑ to 5.4% for the week ending June 3.Overall, mortgage rates have risen at the sharpest pace in decades since the start of the year.

Loan market index falls to 22-year low

Mortgage market index falls to 22-year low

Economists don’t see a crash happening in Canada, but a 10% to 20% price correction is possible.
Housing supply must increase, but rising rates also gives prospective homebuyers more time to make sound decisions.Experts don’t see the situation reversing from a sellers’ market to a buyers’ domain.
If the housing costs remains elevated, many homebuyers are expected to rent instead.

Could a 10% to 20% drop in real estate happen in Canada?

Could a 10% to 20% drop in Real Estate happen in Canada?

Home sales ↓ in most major markets except Calgary and Edmonton, where sales ↑ ~4% YoY in May.In contrast, sales ↓ ~40% YoY in Toronto, only surpassed by the Fraser Valley region outside Vancouver, where they ↓ 54% YoY.Meanwhile, new listings in the region ↓ ~8%.

Canada's market slows down with rebalancing in major cities

In this video, we will talk about:
Home equity loans
How to qualify
Debt consolidation
Taking out a home equity loan sets homeowners back on the road to fully owning their home.
People should have a good reason to do this, because failing to pay back gives lenders the right to foreclose the home.
While home equity financing isn’t particularly hard to qualify for, the financial background and the credit score is important.

House equity loan for first-time homeowners

Home equity loans for first-time homeowners

Higher borrowing costs are predicted to lead to sustained weakness in sales activity.
The trend will keep persistent downward pressure on prices.
A correction in the range of 10% to 20% is likely by the end of 2023 in most provinces.However, avg home prices are expected to remain above the pre-pandemic level.

Canadian economists predict 15% housing value correction

Canadian economists call for 15% housing price correction

For luxury homebuyers, hot spots remain desirable enough to ignore the rate-hikes.
Places like Toronto and Vancouver have achieved a level of attractiveness that isn’t easily altered by changes in market conditions.Luxury homebuyers make their decisions based on the lifestyle they want, not the price tag of getting it, according to experts.The high-end homes market has continued to grow across Canada’s major markets, including the GTA, Vancouver and Montreal.

Luxury Real Estate is predicted to soar in Canada

Luxury Real Estate is predicted to grow in Canada

Although the market is cooling down in many major cities, Calgary is seeing solid demand.
Home resale activity in May at 3% and 4.1% for Calgary and Edmonton
Resales in Calgary continue to hover well above pre-pandemic peak levels.
The price trends are expected to moderate in the period ahead yet stay well-supported by solid fundamentals.

Calgary housing market facing strong demand

Toronto, Vancouver, Montreal and Ottawa all saw a drop in home resales in May, with Toronto and Montreal experiencing a rise in inventory levels.In Toronto, home resales ↓ 9.3% MoM as inventory levels ↑ 26% YoY.Detached homes in the outer suburban areas have been hit the hardest, while condo sales in the City of Toronto have not changed much.Vancouver’s market has also peaked, with home resales ↓ >15% MoM in May.
One market that hasn’t followed these trends as closely is Calgary, where the market is still bustling.

BOC rate-hikes softening demand in major markets

Top 3 neighbourhoods in Edmonton:
Maplegrove
Mills Haven
Terwillegar South
Maplegrove has mostly detached and semi-detached residences.
Mills Haven features large lot sizes, deep front yards, and mature trees.

The best Edmonton neighbourhoods to purchase Real Estate

The best Edmonton neighbourhoods to buy Real Estate

First-time buyers should adjust strategies to get into the market.
Some emerging trends are co-signing a home, as well as purchasing a property with the potential for rental space to help cover mortgage costs.
Also, an advisor can help sort through financing options, set up a savings plan for a down payment, and work through a mortgage pre-approval.

Some loan advices for Canadians

Some mortgage advices for Canadians

BOC outsized rate increases had a big impact on the market.
The slowdown was especially apparent in Toronto, Vancouver, Montreal, Ottawa, and Hamilton.
Further reversal of the massive pandemic-era gains are expected in markets in the period ahead.Rate-hikes are straining affordability and weighing on property values, especially in expensive markets.

May was a turning point for deals in multiple markets in Canada

May was a turning point for sales in multiple markets in Canada

Although activity has slowed in the last 3-mo, the Calgary market remains extremely active.
Home resales remain well above pre-pandemic peak levels, and supply continues to fall far short of demand.Nonetheless, local buyers aren't immune to rising interest rates and this may be dialing down the degree of competition between them. 
The MLS HPI rose only marginally MoM, marking a sharp deceleration from previous months' gains.

Calgary is still busy

Calgary Is Still Busy

Forecast

What can buyers expect in 2022 regarding the market curveball?

US house values to sink by 2023 as loan rates hit 6%

US home prices to sink by 2023 as mortgage rates hit 6%

The Fed plans to reset the housing market

Housing economists say the market is not in a bubble

US market predictions for 2022: Will prices drop in Q3?

US is beginning the most significant contraction

Is the US housing boom weakening?

Where is the US housing market headed in June?

What experts predict will unfold in the future of US Real Estate

2022 summer housing market predictions

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Experts recommend buying now if you're prepared

loan rates soar in America

Mortgage rates soar in America

30-Yr fixed loan rate spikes to 6.18%

30-Yr fixed mortgage rate spikes to 6.18%

Charlottesville, VA has some of the highest rents in the nation

Why is waiting out the hot housing market wrong?

Is it a good time to purchase holiday homes in America?

Is It A Good Time to Buy Vacation Homes In America?

What do people need to know about reverse mortgages?

Rising rates cool the market, but a crash is unlikely

Rising Rates Cool The Market, But A Crash Is Unlikely

Is the housing market rebalancing from the current conditions?

New house deals fall to pre-pandemic levels

New home sales fall to pre-pandemic levels

Market Report Videos

Big shifts in US housing

Virginia Market Update

National rent is over $2K/mo for the first time in US history

Burke, VA among the 10 most popular housing markets of early 2022

Happy fourth of July

Happy Fourth of July

US house prices; about to plummet?

Housing market could ‘Torpedo’ US economy

Housing Market Could ‘Torpedo’ US Economy

SubMarket Report Videos

Virginia Beach Market Update

Spotsylvania County Market Update

Chesterfield County Market Update

Henrico County Market Update

Hanover County Market Update

Tips for Homeowners

Steps to close a real estate sale with ease

Steps To Close A Real Estate Deal With Ease

What can sellers do in the current market?

How to sell a house in a slowing market

How to sell a home in a slowing market

Mistakes to avoid when updating your basement

Mistakes To Avoid When Updating Your Basement

Tips for buying an inexpensive house in the current US market

Tips For Buying An Affordable Home In The Current US Market

Tips for selling your house during the summer month

Neighborhood Bio Videos

Archive Videos

Happy father’s day

Happy Father’s Day

Honoring our nation's heroes on Memorial Day.

US multifamily report, March 2022

US Multifamily Report, March 2022

Happy Mother’s Day

Higher prices cooled US housing market in March

Hottest March in housing history ends with signs of a cooldown

Hottest March In Housing History Ends With Signs Of A Cooldown

New-home construction picks up in February

Happy Easter

Total US construction starts increase in February 2022

Total US Construction Starts Increase in February 2022

Current national loan rates: March 30, 2022

Current national mortgage rates: March 30, 2022

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Yes, real estate prices are soaring, and no, it’s not a bubble

Yes, Real Estate Prices Are Soaring, And No, It’s Not A Bubble

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