Real Estate News

When summer’s over and fall nights roll into town, off goes the A/C and on goes the heat. Fall’s a great time to maintain home systems, and outdoor A/C units tend to be one of those workhorses that some homeowners overlook as they transition into their reliance on heating systems. One of the most-asked questions from homeowners with hardworking A/C units is: When the season’s over, should I cover it for protection? Modern outdoor A/C systems are built very well and tested to ensure that they will hold up in extreme circumstances, as demonstrated below. The condenser (the big box that sits outside) is outfitted with a durable finish to withstand snow, rain and the heat of the sun. The mechanics and coils within the box are well-designed to hold up to extreme heat and cold, too. The quality of the materials and the product’s finish are a big reason that it’s typically unnecessary to cover the A/C unit in the off-season. Trane The most important thing that any homeowner can do…

Happy 2025 to All!   We hope you all had a wonderful holiday surrounded by those you love!  As the New Year is upon us, it’s a great time to for you to reflect on our personal goals, resolutions for the months ahead. Your home and finances are key areas where small, intentional changes can make huge improvements in safety, comfort and quality of life. Here are some resolutions to get you started. Hoping to Buy a Home in 2025? Here’s What You Need to Know! For many Canadians, the start of a new year is a time for new resolutions. While eating healthier and getting more exercise still rank as the most common New Year’s resolutions in Canada, with both inflation and interest rates continuing to drop, more and more Canadians are making resolutions for 2025 that include the possibility of buying a home. If becoming a homeowner is on your radar in 2025, there are a few things you should know before you start looking for your dream home. Real Estate 101 Ontario unveils home renovation…

Renewing your mortgage? A guide for Canadians We’ve put together all the tools and strategies you need to manage the shock of renewing your home loan at significantly higher interest rates. More than two years have passed since interest rates took off in 2022, and though the Bank of Canada (BoC) has started backing down that ladder, holders on five-year fixed mortgages continue to face significantly higher rates and payments as their home loans come up for renewal. Even those currently in variable-rate mortgages may find their lenders insisting on higher monthly or biweekly payments henceforward. For those in that position, as well as those whose mortgages expire in the next 12 months, it’s best to go into the renewal process armed with knowledge of the kind of terms you’ll face and your options. Knowing in advance what you’re in for can take some of the sting out of “rate shock.” Depending on what your current lender and others have to offer, it may even make sense to renew…

Happy DecemBRRRR! The weather has gotten chilly but the real estate market sure hasn’t!  We have all your up to date news for Windsor Essex Real Estate and more so make sure to keep reading below!    New mortgage rules set to spur market recovery, but impact may be short-lived Real Estate 101 Staging Tips for Selling During the Holidays Selling your home? You need to fix these 22 things first Buyer on the hook for $366k in damages after failing to close  WECAR™ Residential Housing Market Update includes comparisons on number of sales, avg. sales price & market activity   City of Windsor Online By-Laws For general information on by-laws or to report a violation, contact 311. If you would like to read a particular City by-law that is not included in this selection, please contact Council Services by phone at (519) 255-6100 ext. 6285 or at clerks@citywindsor.ca by email. Click here for a link to the City of Windsor Portal & all zoning by-laws City of Windsor's Public Property…

Housing industry experts agree that new mortgage rules taking effect on Dec. 15, 2024, will have a positive impact on the road to recovery for the Canadian housing market. However, their effectiveness will likely be short-lived, hindered by several factors. The two key changes introduced by the federal government are: Expanding access to 30-year amortizations for all first-time homebuyers and buyers of new builds, aimed at reducing monthly payments. Increasing the insured mortgage limit to $1.5-million, making it easier for buyers in high-cost markets like Toronto and Vancouver to qualify for a mortgage with a down payment below 20 per cent. These changes, analyzed in a recent report by TD Economist Rishi Sondhi are expected to fuel some activity.  “We don’t think that these measures alone will unleash a housing boom,” Sondhi explains. “Instead, they’ll likely offer a secondary tailwind to a market that’s already gaining decent traction in 2025 on the back of lower borrowing…

Happy NovemBRRRR! The weather has gotten chilly but the real estate market sure hasn’t!  We have all your up to date news for Windsor Essex Real Estate and more so make sure to keep reading below!  'Canadians can breathe a sigh of relief': Bank of Canada governor on interest rate cut   Real Estate 101 WECAR™ Residential Housing Market Update includes comparisons on number of sales, avg. sales price & market activity.   The Benefits of Using a REALTOR® When Looking to Rent Another half-point rate cut from the Bank of Canada on the horizon: RBC Economics Staging Tips for Selling During the Holidays City of Windsor Online By-Laws For general information on by-laws or to report a violation, contact 311. If you would like to read a particular City by-law that is not included in this selection, please contact Council Services by phone at (519) 255-6100 ext. 6285 or at clerks@citywindsor.ca by email. Click here for a link to the City of Windsor Portal & all zoning by-laws…