Category: Finances

Navigating the Shifting Tides: Wellington County Real Estate Market Insights at end of May 2024

June 21, 2024

In May 2024, Wellington County’s real estate market maintained a balance despite lower prices and sales volume. Year-to-date numbers showed a 3.5% decrease in sales volume compared to the previous year, but the region experienced a 28% increase in new listings. The decrease in interest rates by the Bank of Canada is expected to impact housing values and buyer activity. Check in with Frances Snider from Royal LePage Roual City Realty for all the details…
… More Navigating the Shifting Tides: Wellington County Real Estate Market Insights at end of May 2024

Home Buyer Series – What not to do after an Offer

June 7, 2024

After accepting a home offer, avoid making large purchases, changing jobs, opening new credit lines, closing existing credit accounts, missing payments, ignoring lender requests, and making unexplained large deposits. These actions can jeopardize financing. Stay financially stable, respond promptly to lender requests, and maintain transparency to ensure a smooth home purchase process. … More Home Buyer Series – What not to do after an Offer

Wellington County Real Estate offers buyers more choice as listings increase

May 17, 2024

The Wellington County real estate market in April 2024 remained balanced, with increased listings and decreased unit sales. Year-to-date, sales volume and unit sales were down, but new listings were up. April saw a 10% decrease in sales volume compared to 2023, but prices remained strong, indicating potential growth. Average days on market increased to 33 days. … More Wellington County Real Estate offers buyers more choice as listings increase

Warming Up: Wellington County Real Estate Landscape ends first quarter on a Promising Note

April 19, 2024

The Wellington County real estate market remains a balanced market in March of this year despite unit sales dropping compared to this same time last year. 2024 Year to date numbers show a slight increase in sales volume with end of Q1….Check in with Frances Snider Royal LePage Royal City Realty for the details. … More Warming Up: Wellington County Real Estate Landscape ends first quarter on a Promising Note

Home Buyer Series – Understanding the market

March 28, 2024

In the world of real estate, the dynamics of supply and demand play a pivotal role in determining market conditions. Whether you’re a buyer, seller, or investor, understanding the distinctions between a buyer’s market, a seller’s market, and a balanced market is crucial….You can contact Frances Snider at 519-824-9050 ext. 235 if you’re considering making a move in the future, or purchasing a home in the area. … More Home Buyer Series – Understanding the market

Unlocking the Pulse of Wellington County Real Estate with a warm start to Spring

March 15, 2024

Similar to the milder weather we experienced in February, Wellington County real estate market continued to warm up and remains a balanced market in February, as both unit sales and new listings see similar growth compared to last year……Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Unlocking the Pulse of Wellington County Real Estate with a warm start to Spring

Warming Up: Wellington County Real Estate Trends Kick Off 2024 on a Promising Note

February 16, 2024

Wellington County real estate starts 2024 just as it ended 2023 – in a balanced market. The year-to-date figures for average sales prices are up compared to the previous year, and activity picked up as the year got under way in January.2024……..Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Warming Up: Wellington County Real Estate Trends Kick Off 2024 on a Promising Note

Wellington County’s 2023 Year in review and 2024 insights

January 13, 2024

Looking ahead in 2024, we will see a bit of a tipping point as many Canadians accept the reality that the era of ultra low interest rates is gone. The Bank of Canada has held its benchmark interest rate at 5% since July 2023, and while today’s rates seem high compared to the record Pandemic lows we witnessed, it is actually just below the long term average of 5.3% of the past 4 decades from 1980 to end of 2023………Check in with Frances Snider Royal LePage Royal City Realty for all the details. … More Wellington County’s 2023 Year in review and 2024 insights

Home Buyer Series – Viewing homes

January 5, 2024

When it comes to purchasing a home, the process can be both exciting and overwhelming. Once you have navigated your financing for a new home, one crucial aspect that plays a significant role in making the right decision is the home viewing. This step allows potential buyers to get a firsthand look at the property and assess whether it meets their needs and preferences. ….You can contact Frances Snider at 519-824-9050 ext. 235 if you’re considering making a move in the future, or purchasing a home in the area. … More Home Buyer Series – Viewing homes

Home Buyer Series – Financing

December 22, 2023

Achieving the milestone of homeownership is significant, and for many, navigating the financial aspects is a crucial step toward this goal. While the excitement of purchasing a new home may make you eager to start house hunting, it’s essential to prioritize obtaining a mortgage pre-approval before diving into the search for your dream home. ….You can contact Frances Snider at 519-824-9050 ext. 235 if you’re considering making a move in the future, or purchasing a home in the area. … More Home Buyer Series – Financing