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Gerry’s Blog

2024 Federal Budget: Key Takeaways for Housing

Prime Minister Justin Trudeau and his Liberal government unveiled the $480.5 billion federal budget for 2024. Inside the 400-page-plus budget includes more than $52 billion in new spending over five years that courts a wide array of voters heading into next year’s election. While the budgetary blueprint proposes various support payments, tax increases, and finance…

Negotiating Tips for Sellers: Getting What You Want

Now that mortgage rates could finally be easing from their two-decade highs, you are considering posting a ‘for sale’ on your front lawn. Many Canadian real estate market experts believe that now is an opportune time for homeowners to list their single-family homes or row houses on the open market, with more buyers returning to…

Navigating Emotional Hurdles During Home Downsizing

Downsizing your home usually signifies a major transition, often driven by a need for a simpler life, financial considerations in retirement, or the nest becoming empty as children move out of the house. When selling your home, it’s not merely the physical task of moving or getting rid of possessions that makes this process daunting;…

A Look at the Spring Housing Market

It’s that time of the year: the birds are chirping, the buds are blooming, and the Bank of Canada (BoC) is on the brink of cutting interest rates. This is also the time of the year for a busy Canadian real estate market when prospective homeowners are searching for a new place to call “home.”…

Prices Continue to Rise in the Nova Scotia Real Estate Market

In just one year, the Nova Scotia real estate market experienced some significant changes. Last year, the province was experiencing historically low interest rates and evolving consumer trends. Fast-forward to today and it’s an entirely different picture, characterized by elevated interest rates, historically mixed sales and rising prices. In February, the number of residential property…

Avoid These Common Mistakes Made by First-Time Home Buyers

Buying a house is a big deal for many of us. Owning a home is the ultimate symbol of personal success. It’s the reward for years of hard work, smart planning, and sticking to your financial goals. It means finally having a space that’s all yours—a place where you can kick back, grow, and make…

30-Year Amortization for First-Time Buyers Announced by Feds

The federal government has proposed some new housing affordability measures geared toward making the Canadian housing market more affordable for first-time buyers. Among the new measures, first-time buyers will have the option to take out a 30-year amortization on their mortgage, and the first-time Home Buyer’s Plan RRSP withdrawal amount is being increased to $60,000,…

Why Downsizing Could Be the Best Move for Your Retirement

Canada’s current generation of retirees, or those on the cusp of retirement, are stuck between a rock and a hard place. The inflationary climate has made it challenging for seniors, forcing older Canadians to maintain their living standards and navigate a turbulent economic environment. One facet of this struggle is housing. For many retirees, downsizing…

In a Rush? 3 Steps to Sell Your Home Quickly

You’ve gotten an exciting new job and need to relocate halfway across the country pronto. Now you have to sell your home quickly – but doing so will take some leg work. While selling a home in record time isn’t the norm in the real estate industry, there are certain things you can do to…