Posts by fsdadmin1
Canadian Real Estate Doesn’t Have A Supply Problem. It’s A Demand Issue: BMO
Canadian real estate demand has never been this elevated before. That demand is the primary issue driving home prices higher, according to BMO senior economist Robert Kavcic. Rejecting the supply shortage narrative, he argues inventory levels are robust. Excessively low interest rates are just incentivizing too much demand. It will eventually end, as soon as…
Read MoreThinking of renting a condo in Toronto? Get ready to pay a record $2,385 a month
Renting a condo in Toronto keeps getting more expensive. The average monthly rent for a condo in the city jumped 7.6 per cent in the third quarter from a year ago to a record high $2,385, according to Urbanation Inc. While the number of new condo rental leases signed grew slightly in the third quarter…
Read MoreBank of Canada makes interest rate announcement
The Bank of Canada kept its key interest rate target on hold as it pointed to a climate of broadening, important unknowns around trade. In explaining its decision to maintain its benchmark rate at 1.25 per cent, the central bank notes that recent trade policy developments are a key source of uncertainty for the Canadian…
Read MoreEssential Tips for staging your home
Awesome tips for home staging! Let’s face it, we live in the era of Pinterest and reality shows and although it may seem daunting to make your home look like one of wonderfully staged homes you see on Pinterest or on TV, we can tell you it’s not as difficult as you may think. It…
Read MoreBank of Canada maintains overnight rate target at 1 per cent
The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Inflation has picked up in recent months, as anticipated in the Bank’s July Monetary Policy Report (MPR), reflecting stronger economic activity and…
Read MoreOSFI says stress test, other lending rule changes will start Jan 1
OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply. The revised Residential Mortgage Underwriting Practices and Procedures will take effect from January 1, 2018 and include several key changes that the regulator says is part of its expectation that federally-regulated…
Read MoreHow to sell your home without a Realtor
Home ownership is one of the biggest investments most people ever make. When it’s time to sell your property, the standard practice is to find a real estate agent. After the sale, your agent and the buyer’s agent will share about 6% of the sale price as their commission, which amounts to a hefty portion of…
Read MoreSelling your home with no commission
Selling your home without a Realtor is not as difficult as you may think. The Toronto real estate market as an example is the best supported case, with many buyers and low inventory selling your home with zero percent commission can be achieved. Save thousands of dollars on the sale of your home with ForSaleDirect.ca…
Read MoreQuick Fixes for the Home
For most home owners trying to sell a home means the home should look tip top or at least present nicely to the new buyers. Here are some quick and easy fixes to get your home ready. Giving your floors some life. Upgrading flooring doesn’t’ have to be very expensive. If your floors are dated…
Read More3 Reasons why your home is not selling
Once in a while there is a home that although in an active market, for some reason it won’t sell, it basically just sits there. It doesn’t mean you have bad luck, it means that the issue is right in front of you, before giving up, consider the following factors. A lack of curb appeal…
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