Home Trends from Michael & Janet Tanlimco

MICHAEL TANLIMCO & JANET TANLIMCO

EXPERTS ANTICIPATE A BUSY SPRING MARKET Over the last few years, the Canadian real estate market as a whole has been flat meaning residential sales activity remained relatively stable since the middle of 2023. This data is supported by the Canadian Real Estate Association. Each market is unique, but experts are predicting that the start of 2025 will see a rise in sales thanks to a number of factors such as lower interest rates, declining inflation and a federal election on the horizon. Not everyone is able to jump into the real estate market, but if you feel this might be the right time for you, you'll want to ensure you have the following team ready to go whether you're selling or buying. • A mortgage broker or lender will help you determine what you can afford, which will help you determine where to start looking. • A REALTOR® can show you the types of properties you can find in the budget you've set and can determine a competitive listing price for your current home. • A lawyer or notary (depending on where you live) to help with the transfer of funds, title, etc. They don't step in until later in the game, but with a busy market, having someone in mind will help move the process along in a timely manner. • Other team members you may want to have on hand include a home inspector, general contractors, moving companies and home cleaners.

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