Urban Upgrade & NewInfills

THE DEBATE ON FIXED VS VARIABLE RATES

Posted on Oct 25, 2022 in For Buyers

Prospective home buyers must make many decisions while shopping for a home. What neighbourhood to live in? How many bedrooms? How much should they spend? However, one of the most important yet overlooked decisions is what kind of interest rate to get: fixed or variable?

Most homebuyers are not overly familiar with mortgage lingo or the differences b...

7 REASONS TO CONSIDER A CONDO

Posted on Feb 25, 2022 in For Buyers

Considering a condo but not sure if it's the right move for you? Whether it's your first encounter with the real estate market or merely an addition to your real estate resume, here are seven great reasons to consider buying a condo:

Low Maintenance Living
Whether retired, semi-retired, or working full time, condo living offers minimal maintenance so...

CHOOSING THE RIGHT REALTOR

Posted on Jan 03, 2022 in For Buyers

It is 2022, so we're all aware at this point that everyone has an opinion about, well, pretty much everything. When booking a vacation, you can check out reviews on Trip Advisor and Airbnb. When choosing a restaurant, you can read up on Yelp and Google. When you are making your course calendar in university, a website ranks professors on a scale of...

OPEN HOUSE ETIQUETTE

Posted on Jul 29, 2021 in For Buyers

A true real estate staple: the open house. Open houses offer a fantastic opportunity for you to get a feel for available homes in the early stages of your buying process - whether you're considering a particular neighbourhood or browsing different types of homes available. In fact, according to the 2019 Zillow Group Consumer Housing Trends Report...

NOW IS THE TIME TO SECURE RATES

Posted on Apr 29, 2021 in For Buyers

As you have likely heard, fixed rates are on the rise! If you are looking to buy a new property, or your current mortgage is up for renewal in the next 2 years, now is the time to secure rates. Since our fixed rates in Canada are directly tied to the Bond market and with government forecasts, we expect we could see fixed rates close to 2.5-2.75% by...

HISTORICALLY LOW INTEREST RATES

Posted on Apr 06, 2021 in For Buyers

Although interest rates have been quite low for some time now, the onset of COVID-19 led the Bank of Canada to reduce the overnight rate 3 times in March, which, along with falling bond yields, jumpstarted falling mortgage interest rates.
“Best available” 5-year fixed rates fell from 2.44% in March 2020 to a low of just 1.39% in February 2021. In re...

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