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What Happens when you Make an Offer?

If you want to buy a new washing machine, you simply go into a retail store and pay the listed price. Pretty simple. However, it doesn’t work quite that way when it comes to real estate. Although a home will usually have a “listed price”, you must make an “offer” for ...

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Is Your Home in “Move-In” Condition?

When buyers view your home, they ask themselves whether they like it. Assuming that the answer is “yes”, they try to determine how much work would be required before they could move in. It’s not uncommon for a buyer to be interested in a property but be turned off by the ...

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Bank of Canada Interest Rate Announcement – April 21, 2021

  The Bank of Canada maintained its overnight rate at 0.25 per cent this morning, a level it considers its effective lower bound. The Bank reiterated what it calls "extraordinary forward guidance" in committing to leaving the overnight rate at 0.25 per cent until slack in the economy is absorbed and ...

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How Much Can you Afford?

Why is it so important to know how much you can afford to spend on a home? Two reasons. First, you don’t want to buy a property and then find out, after you’ve moved in, that you can’t financially maintain it. That would mean having to resell it under stressful conditions. Second, you ...

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