09 Feb Staying in Touch – February Newsletter
Staying in Touch – February Newsletter
Read the full issue of Staying in Touch – February 2024
Happy February, Valentines Day & Family Day!
February is already here! It is amazing how the outdoors can change looks so quickly unlike the market and the economy. Although the Bank of Canada has maintained the policy interest rate, banks and lenders have started to lower some interest rates on new mortgage loans, allowing many to start to follow their plans. The resale market inventory is beginning to grow and properties are receiving more attention. We are excited to see the change and look forward to helping our clients.
I have been asked, what are the typical closing dates for homes? April, End of June, August, October. These months are often requested and seem to be popular. If you are considering a move, keep in mind where you want to move to and its potential closing date, being financially ready, and knowing if you have to sell your present home in order to purchase. It is smart to start preparing your house for market, even it is still two years into the future. We would be happy to consult with you if need some help determining if you should make some changes to your home and how to prioritize.
There are changes in the delivery of real estate services in Ontario, you can read more in our blog. The constant is that purchasing and selling real estate is a complex transaction and remains the single largest investment that most people make in their lives. While you are more informed it comes down to us to bring insight and interpretation for our clients.
This month we’ve included:
- Update on the Ottawa market and Mortgage information on Why Should I Open a First Home Savings Account (FHSA)?
- Articles: “Why Should You Downsize? And Steps to Take“, “2024 Colour Trends” and “How do I Select a Building Inspector?“
- Market news and community events including Winterlude and Winter Festivals in greater Ottawa
Take some time with family and friends to enjoy our great city and neighborhoods at the many local winter festivals! A reminder February is heart month, please consider donating or participating.
As always feel free to call and email with any questions or to chat to catch up, we would love to hear from you.
Joan, Victoria & Luc
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