Real Estate Market | Evelyn Lopes Realty Team_Blog

Monday, March 11, 2024   /   by Evelyn Lopes

Is Now the Best Time to Buy a House? Unpacking Spring's Unique Opportunities

Is Now the Best Time to Buy a House? Unpacking Spring's Unique Opportunities

The question that is on everyone's mind ... "Is Now the Best Time to Buy a House? This spring provides some unique opportunities.
  ...

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Tuesday, September 26, 2023   /   by Evelyn Lopes

7 Strategic Tips to Get A Great Offer On Your Home

"Are High Mortgage Rates Killing Your Home Sale? Here's How to Turn the Tide!"
If you're a homeowner in the Caledon area, you're probably aware that the current high mortgage rates are making it a bit challenging to sell homes. But what if we told you that you could not only sell your home but also get great offers? Intrigued? Keep reading to discover proven strategies that can help you navigate this tricky market.
The Power of Competitive Pricing
It's tempting to list your property at the highest possible price, but this approach can backfire. Overpriced homes tend to sit on the market, driving away potential buyers. Instead, consider employing a competitive pricing strategy. By pricing your home either AT or slightly below market value, you can attract more buyers and potentially receive higher offers.
The Importance of Comparative Market Analysis (CMA)
To help you list at the right price, a Comparative Market Analysis, or CMA, is crucial. This research helps determine an ideal ! ...

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Tuesday, July 18, 2023   /   by Evelyn Lopes- Klarine

Overcoming 5 Key Roadblocks to Selling Your Home in Toronto's GTA Communities

CLICK THE IMAGE TO WATCH FULL VIDEO

Are you struggling to attract buyer attention and sell your home in the thriving Toronto GTA market? If so, it's crucial to identify and address potential obstacles that may be hampering your efforts.
In a recently published YouTube video, we discuss the five common roadblocks homeowners often encounter when trying to sell their properties. You can find this video on our You Tube Channel- The Evelyn Lopes Realty Team.
This blog post will expand on these insights to help you better navigate the home selling process.
Limited Access to Your Home 
The first major pitfall we discuss in the video is the issue of limited access. A common mistake many sellers make is not providing sufficient opportunities for potential buyers to view their homes. The mantra to remember here is simple: Limited access equals limited exposure. If you restrict viewing times excessively, you significantly reduce your property's exposure to prospective buyers, which ...

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Thursday, July 13, 2023   /   by Evelyn Lopes- Klarine

Bank Of Canada Raises Key Interest Rate by +0.25%- July 12th 2023

In a move that comes as no surprise to industry analysts, the Bank of Canada has hiked its overnight interest rate by 0.25% to 5% on July 12th, 2023. The increase, which is part of an ongoing policy of quantitative tightening, was triggered by "an accumulation of evidence" highlighting the persistence of excess demand and elevated core inflation. 

This marks the tenth interest rate hike by the Bank since March 2022 and is expected to lead to banks raising their prime rates to 7.20%. The policy shift, while expected, has sparked concern among observers and is likely to have an immediate impact on variable mortgage rates. 

The Bank's decision was informed by several factors, including a Canadian economy that is demonstrating greater resilience than expected. Despite predictions of consumer spending slowing down due to successive increases in interest rates, recent retail trade data indicates that excess demand remains persistent. 

A significant problem is the ho ...

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Thursday, July 13, 2023   /   by Evelyn Lopes- Klarine

Bank Of Canada Raises Key Interest Rate by +0.25%- July 12th 2023

In a move that comes as no surprise to industry analysts, the Bank of Canada has hiked its overnight interest rate by 0.25% to 5% on July 12th, 2023. The increase, which is part of an ongoing policy of quantitative tightening, was triggered by "an accumulation of evidence" highlighting the persistence of excess demand and elevated core inflation. 

This marks the tenth interest rate hike by the Bank since March 2022 and is expected to lead to banks raising their prime rates to 7.20%. The policy shift, while expected, has sparked concern among observers and is likely to have an immediate impact on variable mortgage rates. 

The Bank's decision was informed by several factors, including a Canadian economy that is demonstrating greater resilience than expected. Despite predictions of consumer spending slowing down due to successive increases in interest rates, recent retail trade data indicates that excess demand remains persistent. 
A significant problem is the hous ...

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Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 17, 2024
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2024 Last Updated April 17, 2024
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