Understanding the Spring 2019 Market

Understanding the Spring 2019 Market

We recently held a super fun first-time buyers event at Donut Monster in January that was very well received. Outside of the mortgage discussions, most of the event revolved around the real estate market and strategies to get INTO the market. The more you know and understand, the easier it is to position yourself to be successful.  That’s true for just about anything, including personal finance. As we head into the lovely Spring market, we thought it would be nice to give our clients our perspective of what’s going on out there.  For first-time buyers, young families who are considering a move and retirees considering what to do with their home. —— In Hamilton-Burlington, the market is...

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Bank of Canada Update – July 2018

Bank of Canada Update – July 2018

You may have seen that the Bank of Canada raised interest rates this week from 1.25% to 1.50%.  Bank Prime is now 3.70% and lenders will be implementing the change in the coming weeks. Please read this summary of what the bank economists are predicting will happen...
Genworth Report: Hamilton Overview

Genworth Report: Hamilton Overview

Take a look at the Sales-to-Listing Ratio and summary provided by Genworth. Here’s what you need to know:  We are moving towards a balanced market, so buyers can expect an easier time over the next couple months. Sellers can expect a longer process, but sales...
The Variable Rate War is Heating Up

The Variable Rate War is Heating Up

“Mortgage shoppers looking to get a variable rate are in luck. The country’s biggest banks are currently slashing rates and clamouring for their business,” states a report by Canadian Mortgage Trends. You can (and should) read the full article here. So...
Steve’s ‘Really Real’ Real Estate Update

Steve’s ‘Really Real’ Real Estate Update

Lately I find myself watching the real estate market like a hawk – our mandate at the Personal Mortgage Group is always to stay current on the driving forces in the real estate market – but right now I have a personal stake in what’s happening.  My wife...