Getting a home ready for sale is one of the most daunting tasks for a homeowner. If you are like most homeowners, you will have likely scoured Google reading articles about renovations that provide the best return. You will see the costs and then think “I will pass on that”. The truth is, you don’t have to go through full-on renovations in order to maximize the value of your home and our Top 10 List of low-cost upgrades that add value to your home will prepare you for just that! Now, you might want to take the approach of saying “If someone wants my house, they can take it as is”, but you migh ..read more

\ We’ve finally got our first market update report of 2023. A few things have changed since January rolled around and the biggest change of course was that the Bank of Canada has increased its rate once again by 0.5 percent. This was widely expected by consumers and economists alike. On a more positive note, it’s unlikely the Bank of Canada will be increasing their rates at the next announcement, which is certainly going to be spurring a lot more interest in buyers who have been hesitant to get back into the market. What we’re generally seeing across the board is prices are staying relativ ..read more

As we have seen the Bank of Canada raise interest rates once again, consumers are getting increasingly worried about the costs of facilitating their mortgages. While much of the focus is on existing mortgages, the bigger issue is the number of buyers who have fallen off the face of the earth since April as a result of the increasing interest rates. Who could blame buyers for that? Their mortgage payments are much higher now than they would have been for the same house in April, but that doesn’t really tell the full story… You see, the interest rate increases from the Bank of Canada are one com ..read more

Once again, the bank of Canada has increased its interest rates, further dampening the real estate market in Southern Ontario. We are largely expected to see another small increase in the upcoming Bank of Canada announcement on October 26, 2022, which keeps many buyers on the fence. With that being said, we have seen a larger uptick in activity at the new pricing levels and have personally been in two multiple-offer situations in the previous week. While the home competition was strong, all offers had conditions for financing and home inspections, which we would have never seen in March. We al ..read more

We have already seen the Bank of Canada raise interest rates to levels that we have not seen in an extremely long time. On October 26, 2022, the Bank of Canada will make its next interest rate announcement and it is widely believed that we will see a further increase in interest rates of between .25% to .75%. This will have an impact on consumers with variable rate mortgages, particularly those that have fixed-payment variable rate mortgages. A fixed-payment variable rate mortgage is a mortgage payment that stays the same, regardless of fluctuation in the underlying interest rate. This option ..read more

The Bank of Canada has once again raised its interest rates. They have announced an increase of 0.75% bringing the current lending rate up to an astonishing 3.25%… the highest we have seen in quite some time. What does this mean for you? Well, if you have a fixed-rate mortgage, count your lucky stars because your interest rate is certainly much lower than anything out there right now. Unfortunately, most people currently have variable-rate mortgages because the interest rates were far too good to pass up. What started out as a good thing can now become very detrimental if you do not have a pla ..read more

With the market continuing to be affected by the Bank of Canada’s mortgage rate increases, we are seeing moderate declines in almost all housing categories and districts. The much-anticipated announcement from the Bank of Canada is scheduled for September 7, 2022, and it is sure to have an impact on the market. Should the mortgage rates increase, it is likely we will see a further decline in pricing. Should they stay flat, we will likely see a flood of buyers getting back into the market. Naturally, you will hear a lot of opinions in the media and from real estate professionals about what is h ..read more

Egress windows are a type of window that serves as a point of exit in the event of a fire or an emergency. While great to have for any homeowner, they are most commonly associated with homeowners who are setting up a legal basement apartment or secondary suite in their home.    The most important element of an egress window is to allow for an exit point for an occupant, they also must have the ability to be easily opened from the interior unit without requiring any keys or tools. For a window to be considered an egress window, the Ontario Building Code requires the following spe ..read more

If you haven’t heard as of yet, the Bank of Canada will be making its first interest rate announcement of 2022 on January 26. It is largely anticipated that the upcoming announcement will see the prime rate increase by 25 basis points to 0.5%. This is expected to be one of several rate increases by the Bank of Canada over the course of 2022. This rate change will have an impact on consumers with an existing variable rate mortgage, and more importantly, buyers who are currently looking for homes. In a real estate market where we are already seeing record prices across the GTA, and buyers who ar ..read more

Want to know what has been getting listed on the Toronto MLS system in the past week. Have a look at our up to date charts to see the average prices and view the active listings on MLS. For an in-depth sales analysis for any housing type or district, you can contact us directly and we will provide you with all the information you need! No.1 Mississauga MLS Stats for December 6 to December 12, 2021   DETACHED HOMES Last week there were 29 detached houses listed for sale in Mississauga on the Toronto MLS system. The average listing price was $1,830,262.00 with an average of 4 bedrooms and ..read more