The current real estate market could be described as a “Buyer’s Market”, due in large part to high-interest rates and inflation tempering home prices considerably from the 2021 peak.



However, purchasing a home is no easy endeavor and will be the most significant investment a buyer will ever make in their life. The main factors for buyers that will NEVER change will be Affordability, Where, and How to make the dream a reality.  


The right time to buy a home depends on the right time for the buyer. Sue Heddle Homes is here to help buyers find the best route to achieve home ownership, whether it is for the first time or for the 7th! Let Sue be your guide through the home-buying process. 

Home Buying Q&A


Question: Is there a right/wrong time to buy a property?

Answer:Yes and No! It all depends on personal milestones.


Some buyers are sick of renting and want to build home equity vs giving it to a landlord, others have saved until they have an appropriate...

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The current direction of The Bank of Canada (BoC) to continually raise interest rates to curb record-high inflation has caused a lot of anxiety across Canada as to how to manage not just day-to-day expenses but the cost of home ownership.


Is there a silver lining within this “interest rate storm?”


Even though interest rates are high, this also means that property prices are and continue to be moving lower than peak levels from a year ago. This translates into a great opportunity for Canadians who were priced out during the peak period.

To take advantage of this, the following information for would-be-buyers is key to think about before buying:

1. Secure the rate insurance of a pre-approval. This can save a potential homeowner the heartache of not having one. Securing a mortgage that fits your budget is critical to saving interest costs over a mortgage life span.

2. Remember, choosing a lengthy fixed-rate mortgage to secure a consistent payment schedule over the long term is ultimately...
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When you’re searching for a home, making appointments to view listings can feel really exciting. You start to imagine yourself in these new spaces and it’s hard not to personalize things as soon as you set foot in a home that caught your eye.


As a top Oakville realtor for over a decade, I’ve certainly seen potential buyer’s excitement turn to disappointment when they finally get the chance to tour a listing that they were interested in. When you’re touring homes for sale, it really is important to keep an open mind, which can sometimes be easier said than done.

What’s Okay to Ignore When Looking for A Home?

Not to worry, as a trusted and experienced Oakville realtor, I’ll always make sure that important concerns are never overlooked. Things like electrical or structural issues, disrepair, or evidence of leaks certainly require attention and may be a reason to forgo putting in an offer on a home. 


However, there are three...

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Just as with many financial transactions, buying a house comes with its own process, terminology and regulations that can feel daunting to those making the purchase. This is just one area where a qualified real estate agent can be a huge help, as they will offer guidance and advice on what to expect, as well as what you’ll need in order to complete the transaction. Before you even start to seriously look for your next home, take the time to find the right Oakville realtor that will understand your needs and make the buying process easier for you.



So, if you’ve found the home you want to buy, it’s time to get down to the financial details. Let’s take a closer look at what a deposit and a down payment entails, as it relates to purchasing a home.

When Do You Need a Deposit?

A deposit required for a real estate purchase is an amount of money included with a purchase contract as a sign of good faith. In legal terms, it is the consideration...

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The Canadian government has proposed new rules related to the mortgage stress test which would take effect on June 1, 2021. To review, the mortgage stress test was introduced by the government to help limit the number of Canadians who run into financial trouble by overextending themselves by assuming a mortgage they can’t comfortably pay for. 


As the real estate market has experienced continued growth and significant price increases during the global pandemic, many have been calling for regulatory changes in order reduce the risk of a market crash and to stop Canadians from assuming too much housing debt. 

Here’s How These Changes Will Affect You 

The proposed changes will increase the minimum qualifying rate for an uninsured mortgage from 4.79% to 5.25%. As a result, it will make qualifying for a mortgage more difficult for many Canadians. Simply put, on average, home buyers will be able to qualify for four to five percent less in funding because of this change....

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