Interest Rate Hikes Drive Down Home Sales and New Listings in November 2022 | TRREB
Homeownership market activity in November 2022 continued to be influenced by the impact of higher borrowing costs on affordability.
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Canadian Home Sales Fall In November 2022
On December 15, 2022 the Canadian Real estate Association (CREA) released statistics reporting Canadian home sales are down from October. Homes sales were down on a month-over-month basis in November 2022. “November’s housing data from across Canada came in as expected – still pretty quiet – and that is unlikely to improve this winter with …
Offers | The Agreement of Purchase and Sale explained
The Agreement of Purchase and Sale is the document that is used to state the Buyer’s desire to purchase the property, and to negotiate the terms of the sale. It is commonly referred to as an “Offer”. This document also allows the Buyer a chance to outline in detail all of the conditions they wish to be placed …
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Should You Buy A Home Before Selling Yours?
If you already own a home and you’re looking to move, the biggest dilemma involves timing. Do you buy your new dream home first and hope to sell your old home fast, or do you sell first and hope that a great property comes up on the market quickly? “The decision to buy or sell …
Protecting Your Valuables During An Open House
Just how comfortable would you feel opening your home to a complete stranger? Imagine walking away, knowing that someone you’ve never met is wandering from room to room, eyeing up and down the one place you feel most safe. Well it does happen – just about every weekend, in fact. A traditional open house is …