Royal LePage Real Estate Services Loretta Phinney, Brokerage

Boomer property trends survey

By: Loretta Phinney

Boomer property trends survey

Tags: More than 1.4 million boomers across Canada expect to buy a home in the next five years

  56 per cent of boomers consider their local housing market unaffordable for retirement 9 per cent of boomer parents do not expect their kids to move out until after the age of 35; this number is almost three times higher in British Columbia 32 per cent of boomers looking to buy in the next five years most likely to purchase a condo TORONTO, August 8, 2018 – The Royal LePage Boo...Read More

What’s Your Design Style?

By: Loretta Phinney

What’s Your Design Style?

Tags:  

Q1. What is your ideal romantic outing?     a) A stroll down a cobblestone street on a warm summer’s evening b) Sitting on a wooden dock, watching the sunset over the water c) A fancy dinner out, drinks at an upscale cocktail club, then dancing until dawn   Q2. Your date is cooking up a romantic meal. What dish is the quickest way to your heart?     a) Pi...Read More

Your Moving Day

By: Loretta Phinney

Your Moving Day

Tags: When the day is done, you can truly make yourself at home!

    Before you move any boxes, check these boxes:     Download checklist PDF here.    Create an instant visual inventory of your precious possessions with an app like  Sortly.  Book a massage appointment for the day after your move.   Buy a bottle of bubbly to celebrate after the last box comes off the truck.   The fine print: &nb...Read More

By: Loretta Phinney

Bank of Canada raises overnight rate target to 1 1/2 per cent

Tags: Big banks move to match Bank of Canada's rate hike

The Bank of Canada today increased its target for the overnight rate to 1 ½ per cent. The Bank Rate is correspondingly 1 ¾ per cent and the deposit rate is 1 ¼ per cent. The Bank expects the global economy to grow by about 3 ¾ per cent in 2018 and 3 ½ per cent in 2019, in line with the April Monetary Policy Report (MPR). The US economy is proving stron...Read More

Expect an Uptick in National Home Prices Next Quarter Following Sluggish First Half of 2018

By: Loretta Phinney

Expect an Uptick in National Home Prices Next Quarter Following Sluggish First Half of 2018

Tags:
  • Greater Toronto Area (GTA) expected to post third quarter price gains after price declines in the second quarter

TORONTO, July 10, 2018 – According to the Royal LePage House Price Survey[1] and Market Survey Forecast released today, home price appreciation slowed across Canada in the second quarter of 2018, marked primarily by softness in the Greater Toronto Area (GTA), where many regions have witnessed year-over-year price declines. In contrast, a number of surrounding cities in Ontario&rsqu...Read More

Kitchen renovation has greatest potential to boost a property’s sale price

By: Loretta Phinney

Kitchen renovation has greatest potential to boost a property’s sale price

Tags: Prospective sellers likely to spend less than 2.5% of a home’s value on home improvement

According to a cross-Canada survey of over 750 Royal LePage real estate experts, a kitchen renovation is the clear upgrade of choice with the potential to boost a property’s value by more than 12.5 per cent.[1] Both ranking second, a finished basement or a new bathroom has the potential to increase a property’s value between 2.5 per cent and 12.5 per cent, depending on the investment. ...Read More

How to Find the Best Realtor®?

By: Loretta Phinney

How to Find the Best Realtor®?

Tags: Tips for picking the Best Real Estate Agent

    Did you know?    Home sellers have been employing real estate professionals for over a 100 years for the job of selling their most significant financial investment, their home.  90% of homeowners who opt to sell their homes privately eventually list with a real estate professional.  Real estate professionals statistically bring a higher market value offer ...Read More

By: Loretta Phinney

Mississauga Real Estate - Market Watch

Tags: Mississauga home sales mark quiet month of May, 2018

Enter Blog Post Here Residential property sales recorded through the MLS® System of the Mississauga Real Estate Board totaled 829 units in May 2018. This was down 22.6% from May 2017.   On a year-to-date basis, home sales totalled 3,279 units over the first five months of the year. This was down 29.3% from the same period in 2017.   “The May sales story was little changed fr...Read More

Canadian Recreational Properties Forecast to Appreciate 5.8% in 2018

By: Loretta Phinney

Canadian Recreational Properties Forecast to Appreciate 5.8% in 2018

Tags: Who Drives Recreational Property Market?

  Retiring Baby Boomers and Gen-Xers drive the recreational property market New speculation tax serves as a cold shower for would-be B.C. investors TORONTO, June 6, 2018 – According to a cross-Canada survey of Royal LePage’s recreational property specialists, the nation’s recreational market is primed for healthy single-digit growth in 2018, as buyers across the land flo...Read More

Summer projects

By: Loretta Phinney

Summer projects

Tags: to boost your home’s resale value

    With summer approaching, you may begin thinking about which outdoor home improvement projects will provide you with the best return on your investment. It’s best to start by doing research to identify a project that fits your time and budget.   There are many designs and approaches to consider. Check your municipal building requirements as a building permit may be re...Read More