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May Is the Best Month to Sell a Home

2020 through 2022 were exceptional years for the housing market. Demand was so high, and inventory was so low, that seasonality didn’t play as large a role as it normally does.

First-Time Homebuyer? Do This, Not That.

Buying a home for the first time? Use this list of dos and don’ts as your guide.

Home Sales are Up and Prices are Down: What Now?

In February, total home sales in Canada rose 2.3% from the month prior. This jump may well be indicative of more activity to come, although it’s still early to call. Speaking on behalf of the Canadian Real Estate Association (CREA), Chair Jill Oudil explains that spring will really show us what the 2023 market has in store.

What Would a Recession Mean for Canadian Real Estate in 2023?

The most widely-accepted Canadian meaning of “recession” comes from the C.D. Howe Institute Business Cycle Council. The Council defines a recession as “a pronounced, persistent, and pervasive decline in aggregate economic activity.”

Will Mortgage Rates Go Down in Canada in 2023?

Mortgage rates fell to all-time lows in 2020. Now they’re more than double what they were, and everyone is asking the same question. Will mortgage rates come down in 2023? Let’s break it down.

6 Things You Should Never Do at Your Open House in Canada

If you’re selling your home, an open house is a great way to generate buzz. You get to present your home while it’s looking its best to many buyers at once, creating a sense of excitement and competition that can bring in multiple offers. Hosting an open house will also net you more money. How much? Research shows that homes with an open house sell for about $9,000 more than similar homes without—and they typically sell seven days faster. Don’t miss out on those benefits by making a rookie mistake. To help you prepare, our expert real estate team has broken down the top six things you should never do at your open house. Check them out below.

Never Leave Money on the Table: Get a Lower Mortgage Rate

As of late December 2022, the average rate for a 5-year fixed mortgage is 5.70%. Compared to July 2021, the typical fixed rate has risen by 150%.