HOW LOCAL BUILDING CODES CAN AFFECT YOUR RENOVATION PLANS
Michael Maxwell Homes » luxury-real-estate
by Sophie Halliday
1M ago
If you’re planning to renovate your home, it’s essential to understand the local building codes and ensure that your plans comply with those regulations. These codes may restrict the scope of your project or demand you to upgrade your property. By researching these requirements early on, you can avoid unexpected delays and budget overruns, which will help you to complete your renovation project successfully. Common Building Code Requirement Building codes are an essential set of guidelines that ensure the safety and well-being of those who occupy the buildings. They establish standards for con ..read more
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A CHALLENGING 2023: A YEARS END, WHAT HAPPENED IN THE MARKET?
Michael Maxwell Homes » luxury-real-estate
by Sophie Halliday
1M ago
It’s been a tough year for many households seeking to purchase a home in the Greater Toronto Area (GTA). With high mortgage rates and less than 70,000 home sales in 2023, the dream of home ownership seems unattainable for many. However, we understand the importance of having a stable and affordable place to live, especially in the face of record immigration in the upcoming years. In 2023, there were 65,982 home sales reported through TRREB’s MLS® System, which is a 12.1% decrease compared to 2022. We empathize with those who have struggled to find a suitable home to rent or purchase ..read more
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HELPFUL TIPS FOR STORING SEASONAL DÉCOR
Michael Maxwell Homes » luxury-real-estate
by Sophie Halliday
2M ago
After the excitement of the holiday season fades away, it’s time to take care of the holiday decorations and store them properly for next year’s celebrations. While putting away decorations may seem mundane, storing them correctly can help preserve their quality and make it easier to set up and enjoy them in the future. Organize and Cull The holiday season is a great opportunity to review your decor collection and declutter any items that are no longer serving you. Consider donating the ones you didn’t use this year or those you don’t love anymore. Before storing the rest of your seasonal deco ..read more
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LOOKING AHEAD THIS NOVEMBER – WHAT’S HAPPENING IN THE MARKET?
Michael Maxwell Homes » luxury-real-estate
by Sophie Halliday
2M ago
The Greater Toronto Area (GTA) housing market experienced a decline in sales in November 2023 due to high borrowing costs and uncertain economic conditions. However, the number of listings increased from last year’s supply. The market saw flat selling prices year-over-year, as inflation and elevated borrowing costs impacted affordability. The housing market is sensitive to interest rates, and relief may be on the horizon. Bond yields, which underpin fixed-rate mortgages, have been trending lower, and many forecasters anticipate Bank of Canada rate cuts in the first half of 2024. This could all ..read more
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THINGS YOU SHOULD DO TO GET YOUR LAWN READY FOR WINTER
Michael Maxwell Homes » luxury-real-estate
by Sophie Halliday
3M ago
As the cold weather approaches, it’s important to take care of your lawn so that it can withstand the tough winter conditions and come back healthy in the spring. By following some simple steps in the fall, you can give your grass the best chance to thrive and look beautiful in the coming months.   Decide How to Deal with Leaves Taking care of your lawn during autumn can be daunting, especially if you have deciduous trees. The fallen leaves that cover your lawn can prevent the grass from getting enough sunlight, and if they get wet, they can make the lawn susceptible to disease. However ..read more
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HOW TO ACHIEVE QUIET LUXURY IN YOUR HOME DESIGN
Michael Maxwell Homes » luxury-real-estate
by Sophie Halliday
3M ago
Are you a fan of the quiet luxury style? This classic aesthetic is gaining popularity, not only in fashion but also in home design. It’s a lifestyle that embodies understated elegance, with long-lasting materials and a lack of logos and trends. The approach is highly curated and edited, resulting in an authentic and elevated look. If you’re looking to achieve quiet luxury in your home, read on for our helpful guide. Select timeless materials. Creating a home that incorporates sustainable living materials sets the stage for a timeless foundation that will endure. These materials not only provid ..read more
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A TRYING OCTOBER – WHAT’S HAPPENING IN THE MARKET?
Michael Maxwell Homes » luxury-real-estate
by Sophie Halliday
3M ago
The housing market in the GTA faced some challenges in October 2023. The main issue was the lack of affordability, which made it difficult for many potential home buyers to make a purchase. Due to this and the uncertainty, the sales decreased slightly compared to the previous year’s same period. However, the selling prices continued to rise compared to October 2022. Despite these challenges, the GTA’s economy continued to be strong, and the population continued to grow, which maintained the overall demand for housing. Nevertheless, a lot of people were considering the rental market instead of ..read more
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WHY MAKING MAJOR UPGRADES CAN BACKFIRE WHEN YOU WANT TO SELL YOUR HOUSE
Michael Maxwell Homes » luxury-real-estate
by Sophie Halliday
4M ago
Improving your home to match your family’s preferences and needs is a great idea, but it’s important to consider the changes you make carefully. Some renovations may not provide a good return on investment when you eventually decide to sell the property, and others may even make it more difficult to find a buyer. By researching and planning your renovations carefully, you can create a more comfortable and enjoyable living space while also ensuring that your investment retains its value over time. You Might Not Recoup as Much as You Expect Homeowners often aim to increase the value of their pro ..read more
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EXPERTS PREDICT BANK OF CANADA TO HOLD INTEREST RATES STEADY AS THE ECONOMY HITS A ROADBLOCK
Michael Maxwell Homes » luxury-real-estate
by Sophie Halliday
4M ago
According to a recent article published by Steve Scherer at reuters.com, the Bank of Canada (BoC) is expected to maintain its current interest rates on Wednesday, in light of the slowing economy. However, it is possible that the central bank may indicate the potential for future rate hikes, considering the inflation rate remains above its 2% target. In July, the Bank of Canada increased interest rates to their highest level in 22 years at 5.0%, and indicated that further hikes might be necessary. However, it chose to hold rates steady in September, as it appeared that economic growth was slowi ..read more
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ITEMS TO AVOID STORING IN A GARAGE
Michael Maxwell Homes » luxury-real-estate
by Sophie Halliday
4M ago
Now that the summer has come to an end, you might have more time to focus on your home and give it a fall refresh. The garage is often the place where we store miscellaneous items, but it’s important to be mindful of what we keep in there. If you’re planning to clean out your garage this season, make sure to remove any items that shouldn’t be stored there and find a safe place for them inside your home. Pet food If you have pets, you know that bags of pet food can be quite bulky and occupy a lot of space. One great way to save indoor space is to store them in the garage. But, this can be a do ..read more
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