For most Canadian homeowners, one of the best ways to achieve financial freedom is to pay off your mortgage. Yet, there’s one simple and easy strategy that can help you pay off your mortgage in a shorter time frame that many people don’t take advantage of. You can benefit from a lower mortgage rate simply by choosing a closed versus open mortgage.
Coldwell Banker - R.M.R. Real Estate, Brokerage *'s blog
Selling a home is an opportunity to ensure you get the greatest return on your investment, but it can be emotional for a homeowner to let go. Here’s how to view your home like a buyer, and reap the financial rewards.
Many Canadian parents who have a son or daughter going away to college this fall, are already thinking about all the expenses this will involve.
Thinking about buying a vacation home? Consider these suggestions on finding the perfect destination.
As a prospective home buyer, you’ve probably got a lot of questions about the buying process, and you may be wondering whether you need an up-to-date property survey. For buyers, the answer is generally, yes. However, rather than simply relying on the short answer, you need a clear understanding of when and why you should have one done.
The Durham MLS® Statistics provided are compiled by the Durham Region Association of REALTORS® and are based on total home sales. The statistics reflect selling prices for various property types within the Durham Region. These statistics are for informational purposes only.
One of the most common mistakes that Canadian homebuyers – particularly first time buyers -- make is starting out at the wrong price level. Prospective buyers have a tendency to get ‘hung up’ on the sale price, but the monthly carrying cost is what really counts. These buyers arbitrarily pick a figure – giving their salesperson instructions like, “I don’t want to go above $300,000” – without even knowing what that figure carries for in weekly payments at current interest rates.
Canada’s older population is growing and living longer these days, while at the same time working professionals are delaying their decision to start a family. The end result is a large number of Canadian adults are finding themselves in the middle of the “sandwich” generation. This is the stressful situation that can result when adults find they are caught between the demands of aging parents and young children – often with a demanding career thrown into the bargain.
Today's real estate consumer has far more complex real estate needs than the homebuyers and sellers of past generations. Gone are the days when Mom and Pop would buy a modest home, raise their family there and frequently live in the same place for many years. Today's very mobile society is also an affluent one – many in the ‘baby boomer' generation have already inherited their parents' assets and their real estate needs have changed to reflect this.
With energy prices soaring and higher demands on the power grid threatening brownouts in some markets, keeping your house cool without increasing your energy consumption is a problem that every homeowner wants answered. Take heart! There are ways to beat the heat without breaking the bank in the process.