At the beginning of September 2019, the Government of Canada introduced the First-time Home Buyer Incentive (FTHBI). The new program is designed to make buying a home more achievable for young people and first-time home buyers by reducing monthly mortgage payments without increasing their down payment. Applications are officially being accepted as of September 2, 2019. Jean-Yves Duclos – Minister of Families and Social Development who also oversees the Canada Mortgage and Housing Corporation – stated last week that the program is working to empower the middle class. We will break down the FTHBI to help you get a better ...
The New First-time Home Buyer Incentive – What it is and what it means for you
September 9, 2019
7 Popular Residential Architectural Styles and How to Identify Them
August 15, 2019
When buying a new home these days, it’s important to understand the style of design that went into the plan. Many features are borrowed from architectural styles of the past and integrated into present architectural designs. Home styles in North America have changed and shifted dramatically over the course of the past century. The popularity of certain styles reigned supreme in certain parts of Canada and the United States, while not so much in other locations. With so many different building styles, it can be hard to understand and keep track of which characteristics belong to which style. We have ...
7 Things Home Sellers Should Never Reveal
August 15, 2019
Selling a home is a process that can sometimes take months. Many home sellers get impatient when their property does not sell as soon as it is listed on the market. Out of desperation to close the deal, home owners may end up revealing several facts that they should never disclose to anyone other than their realtor. If you are looking to sell your home, keep reading to avoid falling into the trap that many before you have fallen into. The duration the house has been on the market Revealing how long your house has been on the market has ...
How Real Estate Can Help Your Retirement
August 7, 2019
Planning for retirement is a daunting task, which only gets more complicated as you get older and closer to retirement age. Depending on the state of the economy and your financial situation, betting on your financial security 20 or 30 years into the future can also pose a number of risks. However, much of this risk is mitigated if you are a homeowner or you are close to paying off your mortgage and owning your home. The equity you earn throughout years of making mortgage payments can be invaluable when it comes time to retire. For many people, the ...
Decor Tips to Transform Your Balcony
July 4, 2019
Décor Tips to Transform Your Balcony Small spaces offer big opportunities to get creative with décor. When you welcome the challenge, transforming a small space like a balcony can be a fun and fulfilling project. Balconies should never be overlooked. They are a private and convenient outdoor space with the potential to be developed from a simple patio into an everyday escape. We’ve created a list of some of the best ways to optimize your balcony space so that you can enjoy every endless summer moment. Have Fun with Lighting Lighting is the best way to control the atmosphere in ...
Buying Your Dream Home
July 2, 2019
Whether you fantasize about living in an urban loft or a raised bungalow in the suburbs, for many Canadians, one of life’s biggest goals is purchasing a “dream home.” Most of us hope to find a home that feels as though it was built just for us. When looking for your dream home, the goal will be to find something you’ll enjoy long-term. That’s why you’ll be on the lookout for features you and your family will be happy with for the foreseeable future. So how will you know you’ve found the perfect place? Read our list of factors ...
Create Your Perfect Outdoor Living Space
June 12, 2019
As the weather gets warmer, it’s time to shift our focus from our indoor living spaces to our outdoor living spaces. Decorating outside presents a whole new set of challenges, as well as an array of new opportunities. An outdoor living area means that you can take your décor style in a whole new direction to give the outside of your home new character. Whether your home is new and needs some personal flair, or is well loved and needs some fresh curb appeal, these styles are fun and easy to execute. California Boho Wicker, concrete, and lots of ...
Tips and Techniques for Profitable Real Estate in Toronto
June 4, 2019
Getting into real estate can be an exciting endeavour. If done correctly, it’s a chance to reap some significant financial rewards, especially in Toronto’s booming housing market. From finding the right property to working with a knowledgeable agent, there are many factors to consider. If you’re interested in exploring real estate investment opportunities, here are some tips and techniques to help set you up for success. 1. Choose your location wisely Whether you’re looking to flip a home or purchase an income-producing property, one thing’s for sure: choosing the right location is key. In the GTA, some neighbourhoods ...
Can Solar Panel Installation Increase Your Home’s Value?
May 20, 2019
Solar panels for residential homes is a relatively new concept that’s quickly gaining in popularity. Not only are they good for the environment, but solar panels can also increase your home’s overall value. According to Bluewater Energy, these innovative contraptions can increase a property’s value by as much as $6,000 for every 1 kW installed. Although the upfront costs of installation may seem high, it’s easy to see why many Canadian homeowners still believe this is a good investment. If you’re considering solar panels for your residential property, read our comprehensive guide on what this process entails. What are ...
Spectrum Realty’s Ultimate Mother’s Day Gift Guide
May 7, 2019
Growing up, mom wore many different hats. From taxi driver to doctor and personal chef to party planner, surely we all have endless stories about times our moms went above and beyond for us. Some of our fondest memories may be in your childhood home as she brought the family together and cooked your favourite meal or when she took the time to beautifully decorate each room. This Mother’s Day is your chance to go above and beyond for mom, although we’re sure that she’ll love anything you get her, put a little extra effort into buying a gift that ...