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When a homeowner receives an offer to purchase for their property, it can mark a pivotal moment in the sales process. But what happens if this offer is conditional and other buyers show interest? Can another offer be accepted? Let’s explore this in detail. What is a conditional offer to pu...
The rise in property prices, increased rents, and the shortage of available housing are creating a particularly difficult situation, especially for low-income households. In response to this situation, the CAQ government presented the Quebec Housing Strategy on August 22, proposing solutions to i...
Water Damage and Sewer Backups: What to Do and How to Prevent Them Water damage and sewer backups, which many Quebecers experienced this weekend with the remnants of Storm Debby, are situations no one wishes to face but can unfortunately happen at any time. Whether it’s a flood, a burst pipe, or ...
Your offer to purchase has been accepted! The financing is secured. All that remains is to visit the notary. However, given that notaries in Quebec are very busy, the appointment date is set much later than expected. This delay disrupts your plans, and you may be tempted to contact the seller to ...
Deciding between fixed and variable rates for your mortgage As you prepare to purchase a property, the first step is obtaining a mortgage pre-approval. You've been keeping up with the news and are aware that the long-awaited drop in high interest rates has finally occurred. But does this mean yo...
Don't Sell Your House Without Knowing Its True Market Value One of the first crucial steps is determining the market value of your property. Unlike the municipal value, the market value represents what the market is willing to pay for your house. It is influenced by the supply and demand of house...
In the dynamic and often stressful world of real estate, a broker's availability can make all the difference between a smooth buying or selling experience and an exhausting ordeal. Real estate brokers know that to serve their clients well, they must be available at all times. This great availabil...
Quebecers Respond to Interest Rate Cut Quebecers are responding to the recent interest rate cut announced by the Bank of Canada on Wednesday, June 5 at 10:30 AM ET. Since July 2023, the key interest rate had been maintained at 5%, affecting the real estate market, house prices, and transactions ...
Expected Turning Point for the Real Estate Market For the first time since July 12, 2023, the Bank of Canada has lowered its key interest rate, reducing it from 5% to 4.75%. This decision marks a long-awaited turning point for the real estate market. Although an interest rate of 4.75% remains hi...
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