Move-up buyers are in a better position than their first-time counterparts. Shopping for a “forever home” feels like less of a stretch. When you bought your first place, chances are you were young, strapped for cash and prepared (at the very least, warned) to make some concessions. You can’t have it all, they said. So where will you take the hit – price, location, home style? Move-up buyers, on the other hand, typically has some savings and home equity to work with, making...

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What are the home renovations that buyers want to see on the market? It’s a great question, and one you’ve likely pored over if you’re preparing to list your home for sale in the near future, or you’re embarking on a renovation with a thought to long-term resale value. According to the 2021 RE/MAX Renovation Investment Report, more than half of Canadians underwent a home renovation for personal/non-ROI purposes, with 29% choosing to renovate for non-essential “lifestyle...

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mortgage pre-approval is an important first step in the home-buying process. Having a pre-approval in hand tells you how much you can spend on a home, and it locks in the current low interest rate for up to 120 days, so you can shop the market knowing you’re insulated from rate hikes in the near future. If the rate drops, your lender should honour the new lower mortgage rate when you’re ready to make your purchase.


The amount that a financial institution is willing...

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