My favorite time of year is upon us! I know it sounds a little cliché – everyone says they love the fall season. For almost everyone I talk to it’s usually the obvious reasons; kids are back to school, brilliant colours, cooler weather, fall fairs and family gatherings. (although some of these will be different this year thanks to COVID!).
I also love the fall season because it feels like a time for fresh starts and new goals; but that could just be me. And of course, being a realtor – I absolutely LOVE the fall real estate market! The fall market is busier than any other, and I don’t expect any difference this year. Summer vacations are over, people are back to work – whatever that might look like now, and they are ready to focus on plans they have for relocating, upsizing or downsizing.
BACK TO SCHOOL
This is usually a time of year we all look forward too! The kids can’t wait to get back their friends and we as parents and care givers are looking forward to a little piece and quiet and our routines back in place.
However, I know this year there are many concerns and hesitations about school; whether you have chosen om-line or in-class. Back to school is not the same as it has been previous year. As a parent myself embarking on this new school year, I wish all parents, staff and the students a fantastic year and to please be patient with one another. Teachers, school staff, parents and students have a new learning curve to adjust too, it will take time to get it right and figure it all out.
REAL ESTATE MARKET UPDATE
As I am sure you are well aware; the real estate has been alive and well all summer; low inventory and plenty of buyers combined with extremely low rates has resulted in higher prices. As far as I can see, and from listening and discussing with colleague’s in the mortgage industry; these lower rates are here to stay for a while longer. So, we can expect demand and prices to rise for leveraged back assets like real estate to continue to grow. For buyers, it is more important than ever to be pre-qualified. As a buyer you will need actual numbers to make firm decisions. With rates so low, now is the perfect time to investigate your current mortgage or get that pre-approval. Some institutions offer pre-approvals that are good for up to 120 days, locking in the current rate or lower when you do firm up on a purchase. I have worked with many wonderful mortgage agents over the years, independent and with major banks; I recently met Roberto Pelaccia. I was immediately impressed with his ‘understanding of money’ – how to find the best product for each client and how to make their money work for them long term. In the short time I have known Roberto, almost a year now – clients I have referred to him have been very happy with his knowledge, advice and service. So, here is my shameless plug: If you are planning a sale, purchase, renewal or re-finance, explore all your options; but make sure Roberto is one of them!
Roberto Pelaccia Mortgage
Intelligence Key Mortgage Partners | 905-466-5023 | r@robertopelaccia.ca
Average residential home values for August 2020
**data from RAHB MLS data
