The Real Estate and Mortgage Show - May 14
Steve, Paul and Barb take all of your real estate and mortgage questions. What are the numbers for April? How are the interest rates doing? Going up or down?
Paul starts us off speaking about first impression photos of your home. If you listed your home during the winter and it is still for sale you should update the exterior photo to the current season. It is really important to understand that in today’s market with most home buyers searching for homes online that your agent uses a professional photographer. If the photos of your home do not show well there is a big chance that most home buyers will skip over your home and look elsewhere.
Barb asks the question Did You Know? If you withdrew your RRSP to use towards the purchase of a home and you have paid back the original RRSP you can draw your RRSP a second time to use towards another purchase of a home only if you or your spouse haven't owned a home in the last five years.
Paul ends us off with the home sales stats for April 2016. There were 1714 sales in April of 2016 this number is including condos this is a 9.4% increase over April of 2015. This has been the best April for sales since 2010. The average sale price has increased 0.2% month over month with the average sale price being $403,000.00. There has been a decrease in condo sales month over month by 1.8%.