As part of the 2022 federal budget, the Canadian government wants to provide initiatives designed to make homeownership more affordable. One way they plan to accomplish this is with the new First Home Savings Account (FHSA).


Aimed at first time home buyers, this new program will give prospective homeowners some tax relief as well as make it easier for them to achieve their homeownership goals. The FHSA does not replace the RRSP Home Buyer's Plan that already exists, however, it’s important to note that the two programs cannot be used in tandem. While the RRSP Home Buyer's Plan requires withdrawals from the account to be repaid, the FHSA does not.

Learn More About First Home Savings Accounts

First Home Savings Accounts are expected to be available in 2023. There will be eligibility requirements, as well as rules and conditions, so it’s best to consult with a mortgage broker or financial institution to determine if and how you can make this new option work for you.

In the meantime,...

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Housing affordability seemed to be a priority of the 2022 Federal budget; however, it will remain to be seen how effective some of the actions will prove to be. Buying a home in Canada has become increasingly out of reach for many Canadians, but will this new budget be enough to change the current market?


“TRREB is encouraged that governments at all levels continue to make housing affordability a priority, but it is critically important that governments take actions that will have meaningful impacts. All levels of government should be implementing evidence-based initiatives that address the real cause of affordability challenges, which is an inadequate supply of homes for sale or rent,” said TRREB President Kevin Crigger.


While the Toronto Regional Real Estate board is in favour of the budget actions intended to increase housing supply, it did express concern when it came to the effectiveness of policies intended to suppress demand. In particular, they feel that the focus on...

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Time to finally shed our winter coats as spring has definitely sprung across all major real estate markets within Ontario! The trend of significant over asking bids continues across all housing sectors, from condos to semi-attached and single-family homes.


Below you can find current hot housing markets and key indicators to watch out for. Are you ready to list or buy? Have questions? Looking for tips on how to market your home to increase resell potential? Sue Heddle Homes has only your best interests in mind whether you're selling or buying.

Key Insights to Note & Detailed Stats by Area

  • Consistent sales growth continues across all markets.
  • Hamilton and Niagara are rebounding from previous sales lag and are an affordable choice for families and commuters to major city centers.
  • The number of residential units sold also continues to be on the decline across all regions due to limited supply. This corresponds with an even shorter downward trend of units being...
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Most people want to gather as much information as they can before they make a decision. Let’s be honest, asking Google for an answer is something we all do, likely on a daily basis! However, it’s so important to make sure you’re getting accurate and up to date information that’s relevant to your particular situation.


This is certainly true when it comes to real estate and making the decision to sell your home. You absolutely don’t want to make decisions about listing your home based on bad information. Not only can this have financial implications, but it can also make the process longer, more stressful, and you’ll end up with results that weren’t at all what you were looking for.


Sue Heddle Homes Provides the Real Estate Information You Need

 

As a trusted Oakville realtor with more than a decade of experience, Sue Heddle Homes can help you wade through all the information that’s out there about the...

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The start of every new year typically gets people thinking about goals and plans for the upcoming 12 months. While there are many areas you can focus your efforts, don’t forget that you can apply these same ideas to your home! 


Whether you’ve just moved into a new home in Oakville or have been living in the same place for decades, make this the year you dedicate some time to making your home the best it can be. 

How To Help Your Home This New Year 

When talking about home improvements, most assume it means renovations or perhaps a home décorupgrade. While those may be part of your plans, there are many other ways to improve the safe and functionality of your home without any major overhaul plans. In fact, investing time and effort into the ideas listed below will keep your home in good condition and help you retain your home’s value.


Take a look at a few ways to improve your home in 2022:


1 - Pay attention to your home’s exterior....

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