Ottawa real estate blog

Purchasing a home is a significant financial commitment and, for most of us, the biggest of our lives. It might seem fairly overwhelming to go through all the steps necessary to find a house to call your own, from making offers and negotiating conditions to completing all the paperwork, obtaining a mortgage, and finalising the sale.

Because of this, the better off you'll be as a consumer the more informed you are. To understand the process, do extensive research. The website of the Real Estate Council...

What are the effects of a slowing real estate market on buyers and sellers?

A large portion of Ontario's residential real estate market has been cooled by a number of reasons, including higher interest rates, increasing inflation, and rising cost of living.

Recent reports from financial institutions indicate that rising interest rates are increasing the stress test mortgage qualification rate. The stress test, a computation used by lenders to determine whether a buyer can qualify for a specific mortgage,...

It might be difficult to decide whether to buy a home or rent one. To make a wise choice that fits with your financial situation, way of life, and aspirations, there are several factors to take into account. The following are some items I want you to consider.

Analyze the market. According to media reports, Ontario's residential real estate market is no longer as hot as it was during the pandemic's peak. There are many causes for this, but a few stand out: growing living expenses, higher inflation,...

The appraisal came in low. Now what? ⁣
⁣
First, don’t stress. There are lots of things you can control in the buying process, but one you can’t? Where that appraisal comes in. Take a deep breath and remember, an appraisal is good — it’s there to keep you from overpaying on a home.⁣
⁣
So what to do when the number is punier than your purchase price? Here are your options:⁣
⁣
- Appeal it.⁣
- Ask for a second appraisal.⁣
- Negotiate the purchase price with the seller.⁣
- Find more cash...

Fixer-uppers are NOT for the faint of heart!

Before pouring your hard-earned cash into a fixer-upper, ask yourself:  

- Do you have the patience of a saint? Labor shortages and supply chain issues are causing even minor home repairs to drag on and on. Patience, flexibility, and time to wait best be your best friends. 

- Do you have the time and capacity? Taking on a fixer-upper is incredibly exciting, but it can also be all-consuming. Ask those who know you best their thoughts about your...

• I cannot control the outcome of this real estate journey. I can only...