Bidding wars can make purchasing a home incredibly challenging, especially in Toronto and Vancouver. Read on to learn more about how they work, and how to keep your emotions – and budget – under control.
First-time homebuyers are faced with a number of challenges – from saving for a down payment to winning a bidding war in Canada’s hottest housing markets. Here are some reasons why you may want to consider delaying the purchase of your dream home.
The results are in from the CMHC 2015 First-Time Homebuyers Survey. Read on to see the top trends facing those trying to break into Canada’s housing market.
In markets like Vancouver, steep prices and limited real estate mean competition among buyers can be cut-throat. Now, that’s gone to a whole new level with contract assignments, a practice where successful bidding war buyers put their homes immediately back on the market to command even higher prices.
Phantom real estate bids are a common pressure tactic used in hot markets – but the Real Estate Council of Ontario is taking measures to fight the practice as of July 1. Here’s what you need to know.
In Canada’s hottest markets, engaging in a bidding war when house hunting is the norm. But your bank may not agree with your new home’s value – and may not cough up the funds you need for a mortgage. Here’s what you need to know about bidding wars, and when to walk away from one.
A recent RECO survey finds many home buyers find purchase and sale agreements to be confusing – yet they’re a vital part of the home buying process. Here’s what you need to know about understanding these contracts – and how to make them work in your favour.
In Canada’s hottest housing markets, buyers must often fight for their dream homes in bidding wars – and it may be tempting to drop offer conditions such as upon financing, or home inspections to get ahead. Doing so, however, can make a buyer financially vulnerable. Here’s what you need to know.
Get ready for home buying and selling season with this spring mortgage market guide.