1. Overpricing
It turns off buyers and the home might sit out longer on the market without an offer. 
2. Not addressing repairs
With a little care, one can manage to present their home nicely and land a series of offers. 
2. Not addressing repairs
With a little care, one can manage to present their home nicely and land a series of offers.

4 mistakes to elude while selling your house

4 Mistakes to Avoid While Selling Your Home

When thinking of selling your home, think of the process like a business transaction. Because the market has shifted, the power has suddenly shifted into a potential buyer’s hands.Shift your expectations
It’s important to anticipate the customer’s wants, needs and desires and market your product accordingly.

3 Tips for selling your house in a buyer's market

3 Tips for Selling Your Home in a Buyer's Market

Compare a Range of Offers:

Brokers have access to different banks, lenders, and investors and can help to find the best mortgage.
Protect Your Credit

Brokers can pull your credit report one time and use it for a number of applications.
Education and Information:

Mortgage brokers offer a wide range of services, including helping their customers with long-term planning.

Ways a loan broker can help to renew your loan

Ways a mortgage broker can help to renew your mortgage

According to BoC, inflation ↓ recently, but we have yet to see a generalized decline in price pressures.
The BoC ↑ rates by 50 basis points by early-Q3, lifting the policy rate to 3.75%.
It also forecast growth would stall from Q4 2022 through the middle of 2023.
Money markets have fully discounted 25 basis points of further tightening at BoC’s next policy decision on Dec 7.
Money markets have fully discounted 25 basis points of further tightening at BoC’s next policy decision on Dec 7.

Higher interest rates still needed to tame inflation in Canada

The share of mortgages with ultralong amortization periods has ↑ to ~30% of home loans at Canada’s biggest banks.
Borrowers can change their amortization periods by refinancing.
Every lender is closely monitoring the impact of higher interest rates on its variable-rate mortgage borrowers and considering options for them.

Banks report longer amortization periods on mortgages

1. Get your finances in order, since you need:
Steady household income
Solid job security
Good credit score
2. Research about all the costs associated with homeownership such as home insurance, taxes, and maintenance.
3. Work with a knowledgeable Real Estate agent who is familiar with the area.
A knowledgeable Real Estate agent will know about home values and tell you if the list price is accurate.
They will also know if there is a lot of competition for a property or whether the homeowner is in a hurry to sell.

What are some tips for buying a house during a recession?

What Are Some Tips for Buying a Home During a Recession?

Mortgage interest costs across Canada are at their highest level in >30-yr.
Housing costs ↑ >11% as Canadian homeowners renew their mortgages at higher interest rates.
The BOC has raised interest rates multiple times this year to lower inflation, lifting its trendsetting overnight interest rate to 3.75%.

Canadian homeowners renewing their mortgages at higher rates

Cap rates will need to rise or bond yields will need to fall in order for some deals to make sense for investors.
On the commercial side, valuations and vacancies in office buildings will depend on the qualities of particular buildings.
Also, whether they meet the needs of workers returning after two years of lockdowns will matter.
Long-term, commercial Real Estate fundamentals in Canada will remain strong.
In the short term, stressed opportunities will emerge in the marketplace.
For underleveraged investors, 2023 will be the time to execute on what will be a limited point in time to pick up 50-100 bps of value.

commercial housing market is still full of opportunities

Commercial Housing Market is Still Full of Opportunity

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening.

Bank of Canada delivers seventh rate hike in a row

A new report by Canada Mortgage and Housing Corp says government alone can't solve the country's housing affordability challenges.
The national housing agency says public solutions such as rent subsidies and more social housing are helpful, but more needs to be done.
The agency estimated that an additional 3.5M housing units would be required to achieve affordability by 2030.
The report notes that government incentives can be used to make it more attractive for companies to build additional housing.
The report says the imperative of increasing housing supply will be even greater as Canada seeks to attract more immigrants.

Government can't solve housing issues alone

Government Can't Solve Housing Issues Alone

It is predicted that prices in Canada ↓ ~3.3% from the avg sale seen in 2022.
Despite relative stability in prices on a national scale, Ontario and western parts of Canada are set to see further drops.
In addition, experts are also predicting a slowdown in sales activity yearly.
The other thing that experts expect to drive activity back up in 2023 will be the eventual peak of the central bank’s current rate hike cycle.
They are optimistic that the BoC will be cautious in its approach and try to avoid pushing the country into a recession.

Canada’s housing market will return to ‘balance’ in 2023

Canada’s Housing Market Will Return To ‘Balance’ In 2023

The cottage market has been so hot and desirable for a long time.
Over the past few months, high interest rates and inflation has impacted the cottage market.
The cottage market over the last few years has been difficult because there are very few listings and a lot of demand.It is predicted that the avg cost of cottages ↑ 20% for the remainder of the year.

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4 Mistakes to Avoid While Selling Your Home

3 Tips for Selling Your Home in a Buyer's Market

Ways a mortgage broker can help to renew your mortgage

Higher interest rates still needed to tame inflation in Canada

Banks report longer amortization periods on mortgages

What Are Some Tips for Buying a Home During a Recession?

Canadian homeowners renewing their mortgages at higher rates

Commercial Housing Market is Still Full of Opportunity

Bank of Canada delivers seventh rate hike in a row

Government Can't Solve Housing Issues Alone

Canada’s Housing Market Will Return To ‘Balance’ In 2023

Supply Low, Demand High in Cottage Market

Localized Real Estate Videos to Win Leads using Other Areas Canada real estate Social Media Content

Sign Up to Add Your Branding to Social Media-Ready Real Estate Videos

4 Mistakes to Avoid While Selling Your Home

3 Tips for Selling Your Home in a Buyer's Market

Ways a mortgage broker can help to renew your mortgage

Higher interest rates still needed to tame inflation in Canada

Banks report longer amortization periods on mortgages

What Are Some Tips for Buying a Home During a Recession?

Canadian homeowners renewing their mortgages at higher rates

Commercial Housing Market is Still Full of Opportunity

Bank of Canada delivers seventh rate hike in a row

Government Can't Solve Housing Issues Alone

Canada’s Housing Market Will Return To ‘Balance’ In 2023

Supply Low, Demand High in Cottage Market

Localized Real Estate Videos
to Win Leads using Other Areas Canada real estate Social Media Content

Sign Up to Add Your Branding to Social Media-Ready
Real Estate Videos