Real Estate News

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…

The latest data from RBC Economics suggests that, following October’s half-point rate cut, a second consecutive 50-basis-points reduction from the Bank of Canada is likely to land in December. The Big Five bank anticipates that further easing could gradually revive homebuyer activity across the country, as seen with a modest 1.9 per cent rise in sales from August to September. “We think interest rate cuts will open the door to a growing number of buyers who’ve been sitting on the sidelines for some time,” Robert Hogue writes in RBC’s Monthly Housing Market Update, highlighting the prospect of affordability improvements for potential homebuyers. September marked the second consecutive month of growth in sales, and RBC economists believe the trend could gather momentum as the central bank eases monetary conditions further, particularly as cuts are expected to deepen. “Our view is that sales will continue to pick up as the Bank of Canada cuts rates further,” notes…

Going alone to find a property to rent can feel just as daunting as buying a home without professionals to help. According to the Canada Mortgage and Housing Corporation (CMHC), properties for lease are currently in high demand, making the rental market increasingly competitive. From their expertise of the market to overall negotiation skills, having a REALTOR® in your corner can make all the difference when it comes to loving your next home.   Renters working with a REALTOR® are entitled to professional guidance, expert advice, and assistance throughout the rental process. They’ll also benefit from having a property expert by their side throughout the process. There’s no cost to have a REALTOR® on your side [as a renter] but the benefits are substantial.  Expert knowledge and guidance Did you know renters are given the same benefits and protections as buyers and sellers when they work with a REALTOR®? REALTORS® have knowledge about the local rental market, including…

Brrr. Looks like the cold weather has arrived in Ontario communities. But when should you turn on your heat? “Room temperature is really a matter of personal comfort and can vary with the season, the way that a home is heated and its spaces are used, as well as a person’s personal comfort preferences,” said Save on Energy, an organization that raises awareness about ways to reduce energy waste. “It is generally considered to be in the range of 20 to 25 C.” Ways to save According to Alectra Utilities spokesperson Ashley Trgachef, the ideal indoor temperature for energy saving is around 20 to 21 C when you are home, and 18 C when you are away or sleeping. “Approximately 60 per cent of the energy consumed by an average home is used for heating and cooling,” Trgachef said. “We recommend using programmable thermostats to maintain comfortable temperatures — lowering the temperature a degree or two can help you save on energy costs.” It's unknown how cold this winter…