Articles related to buying or selling your home

New Exclusive Listing - SOLD in 1 day!

 Saturday, November 2, 2019     Marion Goard     House and Home Real Estate Market Buying and Selling Just Listed

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Sold in 1 day! Rarely offered end unit bungalow freehold townhouse.  Bright, spacious and impeccably maintained by the original owners.   

Numerous updates include shingles, floors, furnace and air conditioner, kitchen and bathroom counters, gas stove and dryer. 

Located in a very quiet area in Grimsby close to many amenities. 

Price:            $559,000

Bedrooms:     2

Bathrooms:    1.5

Square Feet:  1198 +/- above grade

Garage:         Single

Basement:     Partially finished with family room and den/office. Potential for additional room plus tons of storage space.

Taxes - TF (2019)

Lot:  33.60' x 98.10' 

Don’t miss out. Make this one yours! 

Contact Marion today to arrange your private showing before the property is listed on the Multiple Listing Service!

Interior pictures coming soon.


Spectacular Ravine Lot

 Monday, September 23, 2019     Marion Goard     House and Home Real Estate Market Buying and Selling Just Listed

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Welcome to 298 Gardenview Dr.! An opportunity such as this doesn't come around very often. They're just not making any more land!

Located in a very quiet area in Burlington's Aldershot neighbourhood this large ravine lot backs onto the Hidden Valley Multi Use Trail and Hidden Valley Park.  It's a nature lovers dream! Quiet and peaceful are the most appropriate words to describe the setting.

Located on the property is a 1250+/- sq.ft. bungalow with walk-out lower level. The home is being sold in ‘as is’ condition. Seller provides no warranties.

Don’t miss out. Make this one yours! 

Click here to view the listing details.

Quick view video - https://player.vimeo.com/video/362351213  

Contact Marion today to arrange your private showing!

New Price:     $829,000

# Rooms (above grade):      6

Bedrooms:     3 +1

Bathrooms:    2.5

Square Feet (living space):  2500 +/-

Garage:         Single

Basement:     Finished with walk out

Taxes - $4,021 (2019)

Lot:  70.00 x 185.75 (irregular)


Lovely family home in sought after south east Burlington!

 Tuesday, September 17, 2019     Marion Goard     House and Home Real Estate Market Buying and Selling Just Listed

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SOLD! - Exclusive - detached 3+1 bedroom home in south-east Burlington.  

More pictures to follow soon!

Welcome to 4317 Longmoor Dr.! This lovely 4 level back split, with approximately 2500 square feet of living space, is located in one of Burlington's prime South East neighbourhoods and offers plenty of room for a growing family.

Upon entering the foyer you’ll immediately find the home has a more open feel than might have been expected. The main level features a spacious living/dining room combination and bright eat-in kitchen, plus access to the backyard and garage. Upstairs you’ll find three good sized bedrooms and a generously sized 4-piece bathroom.  

The lower level, which is partially above grade, includes a family room with fireplace, additional bedroom and 2-piece bathroom. A large recreation room, finished laundry area, utility and storage rooms are a few more steps down on the basement level.  

Enjoy the outdoors or entertain family and friends on the large deck in the private, mature backyard. Your garden tools and equipment can easily be stored in the shed at the rear of the yard. With the paved double driveway and single car garage there’s enough space to park up to 5 cars.  

Walk to schools, parks, community centre, shopping and public transit. There's also easy access to major highways and Lake Ontario.  Don’t miss out. Make this one yours! 

Contact Marion today to arrange your private showing!

Price:            $784,9000

# Rooms (above grade):      6

Bedrooms:     3 +1

Bathrooms:    1.5

Square Feet (living space):  2500 +/-

Garage:         Single

Basement:     Fully finished

Taxes - $3,778 (2019)

Lot:  46.04 x 110.43



National Snapshot: How's the Real Estate Market

 Saturday, September 14, 2019     Marion Goard     Real Estate Market Buying and Selling

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The Canadian real estate market is heating up again!

After a cool-down in 2018, economists predicted a modest rebound this year. However, the housing market has exceeded expectations with total national sales volume on the rise since March. July sales were up 3.5% from the previous month and 12.6% higher than last year.1

So what triggered this faster-than-expected turnaround and renewed market activity? And is it sustainable?  

To answer these questions, we take a closer look at some of the key indicators and explore what they mean for buyers, sellers, and homeowners.

HOME VALUES ARE RISING

The scenario varies by market, but nationally, home values are on the rise. According to the Canadian Real Estate Association (CREA), the average sales price in July was up 3.9% from the same month last year. And CREA’s Aggregate Composite MLS Home Price Index—which can more accurately track pricing trends across comparable homes—shows a slow but steady climb since January.1

Toronto-Dominion Bank Economist James Marple attributes the increase in housing prices and sales activity to positive economic fundamentals. “As they have in the past, strong population growth, solid job growth and lower mortgage rates appear to be doing the job of supporting Canadian housing demand.”2

“The immediate downside risk to home prices have diminished considerably,” Marple added. “While affordability will remain a constraint in major high-priced markets, prices appear more likely to increase than decrease over the next year.”2

What does it mean for you? Those who were concerned about a market crash should take comfort in these latest numbers, which indicate that the cooling effects of the stress test are diminishing. If you’ve been waiting on the sidelines to buy, don’t let fear hold you in limbo. The market is cyclical, and home prices will continue to fluctuate. But over the long term, real estate has consistently proven to be a good investment.

FIXED-RATE MORTGAGES ARE ON SALE

Historically, Canadians have had to pay a premium for a fixed-rate mortgage. Those who wanted to lock in a set payment for five years were charged a higher rate of interest. But a slide in the international bond market has made it cheaper for mortgage lenders to offer fixed-rate mortgages than variable ones.3

In fact, rates on standard five-year fixed-rate mortgages are at their lowest level in two years. Meanwhile, in July, the Bank of Canada dropped its five-year benchmark rate for the first time since September 2016. The rate, which is used in the bank’s mandated mortgage stress test, was dropped from 5.39% to 5.19%, making it easier for borrowers to qualify for a mortgage.4 

These lower rates have given a boost to buyers and the market in general. “We’ve now had a reawakening of sales for several months,” said Avery Shenfeld, chief economist at CIBC Capital Markets in Toronto. “In addition, mortgage rates have been edging lower so the combination of the two is making for an active market.”5

What does it mean for you?

If you’re looking to buy a home, now is a great time to lock in a low fixed-rate mortgage. Not only will you save money, it will also guarantee you a predictable monthly payment (and peace of mind) over the next several years.

NEW INVENTORY IS ON THE WAY

Across the country, new home starts are on the rise. The uptick in construction is being led by Montreal and Vancouver, while Toronto—which tops the continent in number of active cranes—is beginning to see a decline in starts.6

July construction levels were 10% higher than the previous year and 17% higher than the median rate of growth over the last 10 years.6

Meanwhile, the number of new real estate listings in July declined slightly by .4%.5The Royal Bank of Canada predicts this will help balance the incoming pipeline of new construction. “Elevated levels of apartment construction in Vancouver, Toronto and Montreal raise some longer-term absorption issues. There’s little risk near term as unsold inventories are low at the present time.”7 

What does it mean for you?

If you’ve had trouble finding the right property in the past, you may want to take a look at new options hitting the market. And if you’re planning to sell your current home, now may be a good time to list. Competition from new construction is likely to increase over the next few years.

HOMEOWNERSHIP IS BECOMING MORE AFFORDABLE

According to the National Bank of Canada, housing is finally becoming more affordable. In fact, during the second quarter of this year, the cost of owning a home, relative to income, fell to its lowest level in a decade.8

An increase in wages, combined with falling mortgage rates, is helping to bring the relative cost of homeownership down. The average percentage of household income that went toward a mortgage payment fell from 48.7% to 45.1% in the 11 major cities included in the report.Of course, it’s still significantly higher than the 30% benchmark that is generally considered optimal.

So, while many Canadian markets may be a long way from being considered “affordable,” the trend seems to be moving in the right direction.

What does it mean for you?

If you’ve previously been unable to afford or qualify for a mortgage, it may be worth another try. A decline in mortgage rates, an increase in housing supply, and a lower stress test benchmark rate could help put your dreams of homeownership within reach.

I'M HERE TO GUIDE YOU

While national real estate numbers can provide a “big picture” outlook, real estate is local. As a local market expert, I can guide you through the ins and outs of our market and the issues most likely to impact sales and home values in your particular neighbourhood.  

If you have specific questions or would like more information about how market changes could affect you, contact me to schedule a free consultation. I'm here to help you navigate this shifting real estate landscape.

Sources:

  1. Canadian Real Estate Association -
    https://www.crea.ca/housing-market-stats/stats/
  2. CBC -
    https://www.cbc.ca/news/business/crea-home-sales-prices-up-july-1.5247892
  3. Global News -
    https://globalnews.ca/news/5666381/fixed-variable-mortgage-rates-canada-inverted-yield-curve/
  4. Global News -
    https://globalnews.ca/news/5659838/mortgage-stress-test-rate-bank-canada/
  5. Global News -
    https://business.financialpost.com/real-estate/mortgages/canadian-home-sales-rise-for-fifth-straight-month-as-mortgage-rates-decline
  6. Better Dwelling -
    https://betterdwelling.com/canadian-new-home-starts-jump-pushed-by-montreal-and-vancouver/
  7. Royal Bank of Canada - http://www.rbc.com/economics/economic-reports/pdf/canadian-housing/healthcheck-august18.pdf
  8. Huffington Post -
    https://www.huffingtonpost.ca/entry/housing-affordability-canada_ca_5d4f5ef0e4b0820e0af6627d

5 Step Strategy for Downsizing Your Home

 Tuesday, August 27, 2019     Marion Goard     Financial Health House and Home Buying and Selling

In our “bigger is better” culture, there’s an expectation that each home should be larger and grander than the last. However, life changes like divorce, kids leaving for college, or even the simple act of growing older can prompt us to find a smaller home that better suits our shifting needs and lifestyle.

In fact, the advantages of downsizing are being increasingly recognized. A “tiny house movement” has gained passionate advocates who appreciate the benefits of living simply at any age and stage of life. Not only does a smaller home typically cost less, it also takes less time and effort to maintain.

Whatever your reasons are for downsizing, the process can seem overwhelming. Because of this, people tend to put it off and then find themselves in a crisis situation, necessitating a unplanned move.  To help take away some of the fear, I’ve outlined five steps to guide you on a downsizing journey. In the end, I hope you’ll find that it's not so scary after all and that less is more … more comfort, more security, and more time and energy to spend on the activities and the people that you love.  

5 STEPS TO DOWNSIZING SUCCESS

  1. Determine Your Goals and Limitations

The first step is to figure out your goals for your new living environment. Do you want to live closer to family? Are you hoping to cut down on home maintenance? Are you looking for a community with certain amenities?

You should also consider any limitations that will impact the home you choose. For example, are stairs an issue? Do you need access to medical care? In the case of divorce, are there child-custody issues you need to take into account?

Estimate how long you plan to stay in your new home. Do you expect your needs to change during that time?

Make a “wish list” of features and prioritize them from most to least important. If you’d like any assistance with this process, give us a call! I’d be happy to sit down with you for a free consultation. I can also help you assess the value of your current home so you can set a realistic budget for your new one.

  1. Find the Perfect New Home

Once you’ve established your “wish list,” we can begin the search for your new home. As a local market expert, I know the ins and outs of all the top communities in our area. I can help you determine the neighborhood and type of home that will best fit your wants and needs.

From family neighborhoods to retirement communities, I serve clients in all stages of life. If you or a loved one are in need of extended support, I can also share my knowledge of the assisted living facilities in town and help you identify those that offer the optimal level of care. 

Are you planning to relocate out of town? Through my network of other Master Accredited Senior Agents I can refer you to a reliable, competent and trusted real estate professional in your target area who can help you with your search.

  1. Sell Your Current Home

If you’re ready to sell your current home, we’ll begin the process of preparing to list it as we search for your new one.  

I have a special interest in helping homeowners who are facing major life transitions, and offer a full-service real estate experience that aims to remove as much of the stress and hassle of selling your home as possible. I also understand that many of my clients choose to downsize for financial reasons, so I employ tactics and strategies to maximize the potential sales revenue of your home.

My approach focuses on optimum preparation, pricing, and promotion. As part of that plan, I invest in an aggressive marketing strategy that utilizes online and social media platforms to connect with consumers and offline channels to connect with local real estate agents. This ensures your property gets maximum exposure to prospective buyers.

  1. Sort and Pack Your Belongings

Even before you find your new home, you can begin preparing for your move. A smaller home means less space for your furniture and other possessions, so you will need to decide what to keep and what to sell or donate. Sorting through an entire house full of belongings will take time, so begin as early as possible.

Parting with personal possessions can be an extremely emotional process. Start with a small, unemotional space like a laundry or powder room and work your way up to larger rooms. Focus on eliminating duplicates and anything you don’t regularly use. If you have sentimental pieces, family heirlooms, or just useful items you no longer need, think about who in your life would benefit from having them. For large collections, consider keeping one or two favorite pieces and photographing the rest to put in an album.

Make sure the items you keep help you achieve the goals you outlined in Step 1. For example, if you want a home that’s easier to clean, cut down on knickknacks that require frequent dusting. If you’re moving to be closer to your grandchildren, choose the shatterproof plates over the antique china.

Allow yourself time to take breaks if you start to feel overwhelmed. If you’re helping a loved one with a move, try to be a patient listener if they want to stop and share stories about particular items or memories throughout the process. This can be therapeutic for them and an opportunity for you to learn family history that may otherwise have been forgotten.

  1. Get Help When You Need It

Moving is stressful in any situation. But if you’re downsizing due to health issues or a major life change, it can be an especially tough transition. Don’t be afraid to ask for help.

Seek out friends and family members who can assist with packing and de-cluttering. If that’s not an option, or if you need additional help, consider hiring a home organizer, full-service moving company, or even a senior move manager, which is a professional who assists older adults and their families with the physical and emotional aspects of relocation. Through my extensive network of exceptional specialists I'm confident we can find just the right support for you. 

If financial constraints are holding back, let me know. I can help you explore the possibility of tapping into the equity in your current home now. That way you can afford to get the assistance you need to make your transition as smooth as possible.

ARE YOU LIVING YOUR BEST LIFE?

Later-in-life housing decisions really do deserve a customized transition plan, extra time, patience and highly specialized guidance. Working with someone like myself - a Master Accredited Senior Agent and Senior Real Estate Specialist - is your best route. Call or email me today at 905-330-5201 or mariongoard@kw.com to schedule a free, no-obligation consultation and receive your own tailor made transition plan!