Is Home Staging Necessary When Listing a Property? According to stagedhome.com, home staging can help to reduce a property’s listing time on the market by 30% to 50% and could deliver a price that is 6% to 20% more than a vacant home or a home that’s not properly staged.
Credit Scores: What They Are and What Affects Them? Your credit score will be one of the main criteria lenders will examine when applying for a mortgage, so it’s important to ensure your score is in good standing before embarking on the home purchase process. But what exactly is a credit score, and what sets a good score apart from a bad one?
Condo Fees and What They Cover Condos are often attractive to buyers, not only because they can be in a more favourable price range than single family homes, they can provide easier access to amenities and a low-maintenance lifestyle. However, these benefits don’t come without a cost. In addition to your mortgage, you’ll need to plan for the maintenance fees, also known as condo fees. This article will look at what condo fees are, when they can be reassessed, and what they mean for your mortgage, specifically related to an apartment-style condominium building.
Everything You Need to Know About the Openn Offers Pilot Project on REALTOR.ca “From what we’ve already seen in the Australian market, consumers and real estate professionals have both benefitted greatly from enhanced transparency in the buying and selling process. We’re excited to bring Openn Offers to Canada and showcase what a REALTOR.ca integration can provide REALTORS® and the marketplace,” says Duncan Anderson, executive director of Openn and president of Openn North America.
The Pros and Cons of Owning Multiple Investment Properties Owning an investment property can be a lucrative endeavour and, once you’ve gotten the hang of it, purchasing an additional property can be tempting. However, owning two or more income properties can end up being a bit of a juggling act. Each type of investment—from duplexes and apartments to Airbnbs, rental homes, and pre-construction properties—has their share of challenges with much to consider before diving in head first.
What the Bank of Canada’s “Shocking” Rate Hike Could Mean for Housing Markets Well, rates have, very quickly, gone back to more normal levels—the low 5% range. Moreover, the Bank of Canada’s messaging increasingly suggests they’re planning on very quickly getting to the mid-to-low 3% range on the overnight rate but then stopping there.