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 ...
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 ...
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 ...
Staging Tips For Selling Your Home Quickly
March 14, 2019
If you’re looking to put your home on the market, Spectrum Realty can help you prepare it for potential home buyers. Keep in mind, it only takes a few seconds for someone to form an impression of your home, so you need to make sure their first impression is a good one! We’ve compiled a list of some simple but necessary staging tips that will help your home become as appealing as possible to potential buyers. Keep in mind these take time to accomplish so do plan in advance realizing the extra time spent could result in selling ...
Year Round Home Maintenance Tips
February 7, 2019
Keeping your home well maintained all year round will not only be more economical, it will keep it in fine working order. It is a good idea to keep this checklist handy so as each season approaches you will be prepared. The tasks involved in maintaining a safe, clutter free home environment is fairly simple and can be completed in no time. Get out of the mindset of depending only on ‘Spring Cleaning’ and make it a habit to maintain your home all year round. Here’s where to start Fall/Winter Hanging Icicles - Remove hanging or loose icicles because it ...
Condos vs. Houses: Which Is Right for You?
January 9, 2019
If you’re in the market for a residential purchase, you may be struggling with a big decision: condo or house? For many potential homeowners, this is an easy choice. Some may not be able to afford a single-family home, which is typically more expensive than a condo. Others may be looking to downsize, so a condo is the smarter choice. The lifestyles that come with both are quite different, so it’s best not to rush into a purchase without weighing all of your options first. If the decision isn’t such a simple one, we can help. Here’s a list of ...
Should You List Your Home for Sale in January?
December 19, 2018
January isn’t the typical high point of the year for the real estate market; it’s cold, windy, and driving conditions make most folks think twice about stepping outside. It may not seem like the ideal time of year to list your home, but there are surprising benefits to putting your home up for sale in the new year. Use the first month of the year to your advantage! Spring is the time of year when most houses hit the market. This means there is a field of competition for sellers, making it harder to attract buyers’ attention. You can use ...
5 Reasons to Sell Your Home During the Winter Months
December 18, 2018
It may not be peak season in the Canadian real estate market right now, but that does not mean you still need to wait until spring to market and sell your home. Despite popular belief, there are many reasons why selling in the winter can be beneficial, especially if you are interested in selling soon. Here's why: Less competition - Since the most common time of the year to buy/sell a home is in the spring, you will likely face less competition in the winter from other listings. Serious buyers - When looking for a home, people tend to ...
Creating a Bedroom Retreat
September 10, 2018
After a long day, who doesn’t want to retreat to a cozy bedroom, read a good book or just put your feet up without any distractions? The bedroom should be an oasis, a place of refuge, a chance to relax and unwind or simply meditate the cares of the day away. The bedroom should be a place where you get your best sleep. Creating a bedroom retreat is easier to do than it sounds. Here are some simple yet proven tips that you can be sure will make your bedroom the first place to get some good R&R. Sweet Dreams ...