Home Trends from Maria Senajova

MARIA

Personal Real Estate Corporation

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MARIA SENAJOVA

INTEREST RATES ARE UP. NOW WHAT? The Bank of Canada has raised its key interest rate by a quarter of a percentage point, bringing it to 2.5%. It’s the first increase since July 2023 and a reminder that interest rates can change direction when the economy shifts. If you have a variable-rate mortgage, line of credit or other debt tied to your lender’s prime rate, your borrowing costs could increase. The effect will depend on your lender and the terms of your loan. Those with fixed-rate mortgages won’t see their payments change immediately, although higher rates may affect what they pay when renewing. The Bank’s decision comes as higher energy prices push inflation up. Rising fuel costs affect more than what you pay at the gas station. They can also increase the cost of transporting goods and running a business, eventually putting pressure on prices elsewhere. The Bank hopes raising rates will help keep inflation in check. For households already juggling mortgage payments, groceries and other rising expenses, this is a good time to review your budget. Look at how much room you have if borrowing costs climb again and try to avoid taking on unnecessary debt. The Bank has signalled that further increases are possible, although future decisions will depend on how the economy and inflation develop. For now, a little financial planning can help you stay prepared.

VancouverUrbanHomes.com | direct: 604.657.1110

MARIA SENAJOVA

WHAT TO KEEP IN YOUR CAR THIS WINTER Winter driving in Canada can be unpredictable. One minute the roads are clear and the next you’re dealing with blowing snow, icy conditions or a traffic delay. Having a few essentials in your vehicle can make an unplanned stop a lot more manageable. A snow brush, ice scraper and winter washer fluid are must-haves, along with a small shovel to help clear snow around your tires. Keep a warm blanket, extra gloves, a toque and shoe ice grippers in the trunk as a precaution. Air-activated chemical hand warmers are another handy addition to your glove compartment, providing extra warmth if you’re stuck waiting for roadside assistance. Other items to have could be a flashlight, a first-aid kit, booster cables and a portable phone charger. A few bottles of water and a couple protein bars snacks can come in handy if you’re stuck waiting for help. Check your supplies regularly as water can freeze and batteries might need to be replaced or recharged. If you travel rural highways, add traction aids such as sand or non-clumping kitty litter to help with slippery conditions. A reflective vest and warning triangles can also make you more visible if you need to pull over. Before heading out, check the weather and road conditions, especially for longer trips. Keep your fuel tank at least half full and make sure your winter tires are in good shape. You may not need these items on every trip, but having them ready can make all the difference when conditions change or the unexpected happens.

VancouverUrbanHomes.com | direct: 604.657.1110

MARIA SENAJOVA

COFFEE SHOP CREATIONS AT HOME Love stopping at your favourite coffee shop for a flavoured latte or specialty coffee? You can create a similar experience right in your own kitchen and have a little fun experimenting along the way. Single-serve pod machines are convenient and offer plenty of coffee varieties, while drip coffee makers are great for brewing several cups at once. With coffee prices rising in recent years, making your own drinks at home may also help you keep an eye on what you're spending. Pods can cost more per cup, while ground coffee is often a more economical option. Keep a few flavoured syrups on hand, such as vanilla, caramel or hazelnut. A milk frother can add that café-style foam to your drink, while nutmeg, chocolate shavings or whipped cream make easy finishing touches. Whether you prefer a simple brew with just a sprinkle of cinnamon or enjoy creating something a little more fancy, a home coffee station can make your daily coffee break feel like a bit more special.

VancouverUrbanHomes.com | direct: 604.657.1110

MARIA SENAJOVA

BEST BUYS BEFORE THE WINTER RUSH With colder weather settling in and the holiday shopping season underway, there are a few purchases worth keeping on your radar. If you’re already thinking about next spring, check for markdowns on patio furniture, barbecues and gardening supplies. Retailers may be clearing out remaining summer stock, so you could find a deal if you have room to store them until the warmer weather returns. Winter essentials are another priority. If you still need a warm coat, waterproof boots, gloves or extra bedding, watch for sales as retailers compete for holiday shoppers. Buying before the first big snowfall can give you more choice in sizes and styles as stores introduce new collections. With Black Friday and Cyber Monday approaching, electronics, small appliances and home goods may also see price cuts. When shopping for holiday gifts, compare prices across retailers before buying. An 'On Sale' tag doesn’t always mean the best deal. A simple rule can help you shop wisely: get what you need or know you’ll use, not something just because it’s marked down. Buying something you’ll use at a lower price is a win, but spending money on something you don’t need just because it’s on sale isn’t.

VancouverUrbanHomes.com | direct: 604.657.1110