Join Peggy Hill in her latest CTV segment as she explains the recent mortgage rule changes and their positive impact on buyers. With a noticeable decline in first-time homebuyers in the Simcoe County housing market, Peggy highlights how these adjustments will particularly benefit this group. Excitingly, she discusses the introduction of 30-year amortizations now available
Join Peggy Hill in our latest CTV segment as she discusses the recent Bank of Canada rate cut and its implications for the housing market. While the cut was expected, Peggy points out that the accompanying statements are just as important, showing a more careful watch on the economy for any future cuts.She breaks down
Join Peggy Hill as she discusses the current state of the housing market in our latest segment on CTV News Barrie! Peggy shares her insights on how recent inflation trends are closely linked to shelter costs, which leads her to predict that the next Bank of Canada announcement will likely involve interest rate cuts. The
In the last 12 months, the Simcoe County real estate market has seen a steady increase in home inventory due to a period of high interest rates. These rates made borrowing more expensive, limited affordability for many potential home buyers and led to an increase in home inventory. However, with interest rates beginning to decrease,
Join Peggy Hill on CTV News Barrie as she explores the latest updates on the housing market and mortgage rules. In this segment, Peggy examines how new mortgage regulations might impact affordability for first-time homebuyers and shares her perspective on the 30-year amortization. With mid-summer upon us, she provides an overview of current home prices,
As we enter a new season, the enduring question of interest rates remains on the minds of everyone in Simcoe County. Many homeowners eagerly wait for a decline, under the impression that it will facilitate a more financially feasible path in their homeownership journey. However, in reality, timing the market in real estate is more
Considering downsizing your home in Simcoe County, Ontario? Here are four reasons why it might be the perfect move for you: Boosted Financial Security Downsizing can significantly improve your financial situation, especially if you’ve paid off your mortgage or made substantial progress in paying it down. Moving to a smaller, more affordable home frees up
DECEMBER 2023 STATISTICS Curious about how the real estate scene wrapped up in December 2023? We’ve got the inside scoop! Delving into the latest stats from the Toronto Regional Real Estate Board and explore the notable trends that marked the end of the year for Simcoe County. One key metric in real estate is the
During this time of the year when people are setting new goals and making fresh starts, it’s important to understand how to manage mortgage renewals in 2024. This knowledge is crucial for maintaining financial stability throughout the year. To help homeowners with this process, here are three practical steps. These steps can be implemented to