3 “warranty exceptions” for warm weather Your routines as a new homeowner will likely shift when the temperature outdoors rises. Do you like gardening? Do your kids like spending time in the backyard? Or do you like to read a light novel inside as you cool down this summer? Unfinished exterior work or a malfunctioning […]
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Is the Buggy Light Justified? Everyone knows that bugs that fly are drawn to light. We can’t stand it when they buzz around and hit our light fixtures over and over again. They leave after the lights go out, which is good. What if they don’t, though? What if they decide to live in your
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Three Tips For Resale “New” Homeowners You’re not exactly a first-time homebuyer, but you are fairly recent to the market. That’s because the condo or house you bought secondhand was probably constructed within the past year. There’s a strong possibility you’re still covered because Tarion provides a seven-year warranty on every home built in Ontario.
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Smaller houses lead to bigger problems For instance: you’ve saved up enough money to buy a plot of land in the country where you can construct the modest dwelling of your dreams. A contractor you hire will finish the framing, rough plumbing, and installation of most windows and doors. Your dream of a bucolic country
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How does a home warranty differ from an insurance policy? During a storm, a large tree topples down onto your brand-new house, severely damaging the roof. Do you have a new house warranty or homeowners insurance that would cover this? But what if you discover a leak in your skylight when you get up in
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Most Canadian peak purchasers with a low downpayment are underwater Peak purchasers in Canada are in for a difficult time as the real estate bubble bursts swiftly due to rising interest rates. According to the latest numbers released by the Canadian Real Estate Association (CREA), the national market peaked that year, in March. We calculated
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Bank of Canada STATED: lower home prices are necessary for economic stability Topping the list of Canada’s 99 concerns is it’s over $2 trillion in mortgage debt. Earlier today, Senior Deputy Governor of the Bank of Canada (BoC) Carolyn Rogers responded to worries over the country’s financial stability. She summed it up by focusing on
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The battle of the list price: homebuyers are irritated by too-low asking prices Artificially low list prices, bully bids, and blind bidding is real estate realities that exacerbate purchasers’ irritation and even desperation in a housing market already skewed in favour of sellers. Realtors maintain that these are just sales tactics, but some feel that
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Toronto surpassing its the house-price insanity capital of Canada Experts blame special taxes, the greenbelt, and even tsunami threats for Toronto property prices surpassing those of its coastal twin. Vancouver was the thunderdome of Canadian real estate for many years. The price spikes in Vancouver and the resulting societal problems were cited as the best
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It might finally be time for Canadian homeowners to sell Early indications suggest that more house sellers are entering the Canadian housing market, which is good news for purchasers who have been dealing with supply constraints for some time. According to a recently released RBC Thought Leadership analysis by senior economist Robert Hogue, while one
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