Interest Rate Hike Announced: Impact on Housing

By: Case Feenstra Team

Interest Rate Hike Announced: Impact on Housing

Tags: Real Estate, Interest Rate, Mortgage, Debt

The Bank of Canada announced an interest rate hike today of a quarter point to 1.75%. What does this mean for housing? How will real estate be affected?   Interest rates increase to keep economic growth and inflation in order. The Canadian economy is “at capacity” according to Stephen Poloz, the Governor of Canada’s Central Bank. This means that low interest rates are no lon...Read More

Local Event: Two Remembrance Day Ceremonies in Oakville

By: Case Feenstra Team

Local Event: Two Remembrance Day Ceremonies in Oakville

Tags: Oakville, Remembrance Day, Canada, Bronte

  Oakville has a strong tradition of hosting multiple Remembrance Day ceremonies each year to remember the end of World War I. This year marks the 100th anniversary of the end of World War I which took close to 61,000 Canadian lives from 1914 to 1918.   World War I was a war full of hardship and atrocities but Canadians are remembered for fighting with courage and bravery particularly in...Read More

Reverse Mortgages and their Importance for Boomers

By: Case Feenstra Team

Reverse Mortgages and their Importance for Boomers

Tags: Real Estate, Mortgage, Baby Boomers, Debt, Homeowner

Reverse mortgages are a loan given to homeowners from banks. This loan is secured over the value of the residential property – so the homeowner is essentially selling part of the home to a bank.   Usually, older homeowners that are retired and who are house rich and cash poor utilize reverse mortgages. The boomer generation is aging and many in this demographic have fixed incomes which ...Read More

Hoping for a Housing Crash? Don’t Hold your Breath

By: Case Feenstra Team

Hoping for a Housing Crash? Don’t Hold your Breath

Tags: Housing, Real Estate, Affordability, GTA

There are two types of people, those that are hoping for a housing crash, and those that are fearful of one. There seems to be more of the latter in Vancouver and Toronto where high housing prices have contributed to ongoing affordability issues.   In fact, the majority of residents living in and around Toronto and Vancouver hope prices will fall by at least 10 percent according to recent pol...Read More

22,000 New Trees and Counting in Oakville

By: Case Feenstra Team

22,000 New Trees and Counting in Oakville

Tags: Real Estate, Property Value, Oakville, Urban Forest

The trees are stunning this time of year. The shades of red, orange, and yellow are striking against the blue sky. This year the amount of colour will grow – literally.   According to Oakville’s PLANT initiative, which aptly stands for Please Let’s Add New Trees, 22,681 new trees were planted across Oakville.   Whether you consider yourself a tree hugger or not, the ben...Read More

Mississauga Skyline to Grow around Malls

By: Case Feenstra Team

Mississauga Skyline to Grow around Malls

Tags: Mississauga, Housing Supply, Development, Real Estate

A new project called “Reimagining the Mall” has created plans to guide the long term growth of five areas with well-known indoor shopping malls.   The five malls include: - Meadowvale Town Centre - Erin Mills Town Centre - South Common Centre - Sheridan Centre - Rockwood Mall   The areas around these malls have already been planned for intensification under the city plan...Read More

5 Ways to Save for a Down Payment

By: Case Feenstra Team

5 Ways to Save for a Down Payment

Tags: Real Estate, Home Buyers, Down Payment, Housing

With today’s soaring housing costs, it is more important than ever to develop a long-term plan to save up for a down payment. A 20% down payment for a first-time buyer can be daunting but can be done if the following are kept in mind. 1. Prioritization and Lifestyle A new car? Expensive vacations and fancy dinners? These are nice things but the prioritization of setting money aside is a crit...Read More

GTA Real Estate Rebounding in August and September

By: Case Feenstra Team

GTA Real Estate Rebounding in August and September

Tags: GTA Real Estate, Detached Homes, Condos, Sales Growth

“Rebound” is the term being used that could be describe the GTA’s real estate market for the last two months. Compared with a year ago, sales are up by 8.5 percent for August and up 2.9% for September.   This is good news for the market, as sales the first half of 2018 was relatively slow across the GTA.   Average selling prices are up by 4.7 percent compared to August ...Read More

Oakville’s new State of the art Community Centre

By: Case Feenstra Team

Oakville’s new State of the art Community Centre

Tags: Southeast Oakville, Community Centre, Infrastructure, GTA

Construction of the new Southeast Community Centre has officially begun. The Town of Oakville recently broke ground on construction work for the new facility which is expected to open in the fall of 2020. The old Oakville Trafalgar school, as a designated heritage building, will remain in place and be incorporated into the new facility.   When construction is finished, residents in southeast ...Read More

Is Home Co-Ownership right for you?

By: Case Feenstra Team

Is Home Co-Ownership right for you?

Tags: Real Estate, Affordability, Home Buyers, Mortgage

Roommates aren’t for everyone. Many people probably have experiences with roommates of a time past – during university, or the first few years afterwards. We often associate roommates with these earlier stages of life. But trends suggest that roommates could be a part of living situations for later than in the past.   Co-ownership of real estate is where a mortgage is split betwee...Read More