Since the start of 2021, real estate markets across Canada have soared to new heights, from coast to coast. A red-hot sellers’ market driven by sky-high demand has created both a shortage in homes and an outstanding increase in average home prices within both urban, and rural markets across the country. Saskatchewan, one of Canada’s main prairie provinces, has been enjoying strong real estate activity, and only seems to be gaining momentum as a hot spring market transitions to an even...
Prepping Your Home for a Kid Friendly Summer
School’s almost done, which means prepping your home for a kid-friendly summer is on the top of your to-do list. All year long, your kids sit inside learning, exploring, and facing the challenges and obstacles that will help them grow and thrive as they get older. For two months of the year, they finally have a break, and staying indoors looking at a screen is the last thing they should be doing! Whether their summer months will involve time spent enjoying the warm summer weather, or if the...
Should You Have a Home Inspection?
Should you get a home inspection? An objective mind always answers “yes” but under certain market conditions, some homebuyers may be tempted to bypass this critical step in the purchasing process. It could be the competitive seller’s market, or the immediate “feels” you get when you find a home that could be “the one.” From the moment you walked through the front door, you knew it had to be yours. The walk-in closet, open concept plan, and lush backyard...
How Do You Win a Bidding War?
what prompts multiple offers, and how do you win a bidding war?
What is a seller’s market, anyway?
In a seller’s market, there are more buyers than there are homes available for sale. The combination of limited inventory and high demand often puts upward pressure on prices. Homes typically sell quickly in a seller’s market, and multiple offers on a listing are more likely, giving the seller the upper hand.
Aside from the simple economics of supply and demand, what causes...