New Consumer Protection Rules:  Information for Consumers

Kim PhillipsKim, Real Estate

Information for Consumers The Superintendent of Real Estate has announced new rules for real estate licensees that will change the way a real estate professional can provide service to consumers. Under the new rules, real estate licensees will be required to: give consumers more information about commissions and fees —  in particular, how the commission is to be divided between … Read More

Staging Your Home For Sale: Entry + Kitchen

Kim PhillipsReal Estate, Tips

Staging a home is essential in a hot real estate market – especially when the home is vacant. However, when a home is owner-occupied, there are still many things you can do to make your home look and feel perfect for when you take photos and the video, and have open houses or private showings. When you sell a home, … Read More

To-Do’s Before Listing your Home

Kim PhillipsReal Estate, Tips

What to do before Listing your Home Fix the small stuff. We like to call it adding a bit of lipstick. Repair or replace broken/outdated hardware throughout your home. You can install new door handles, faucets, towel bars, and curtain rods – fixtures that are readily visible to homebuyers – rather inexpensively. Another quick way to update is to upgrade the lighting. … Read More

Breaking News! Updated Mortgage Rules

Kim PhillipsReal Estate

New Stress Test for Uninsured Mortgages        Canada’s banking regulator introduced new rules on Tuesday that extend the requirement for a mortgage stress test to all homebuyers, including those with larger down payments. Currently, the stress test applies only to mortgages with lower down payments and those with a term of less than five years. On Tuesyda, October 17th, the Office … Read More

What to know about buying New Development

Kim PhillipsReal Estate, Tips

Pros + Cons of Buying New Construction (plus a few tips) Investing in new construction can be rewarding and hurtful at the same time. Let’s compare the pros and cons of buying a brand new home. Pros Everything is brand new Clean, shiny, and trendy floor plans that have never been lived in is definitely an appealing factor compared  Picking exactly … Read More

Must Know Hacks for Hardwood Floors

Kim PhillipsLifestyle, Real Estate, Tips

Fix dents with a wet cloth and an iron. It works on wood furniture, too! Via Apartment Therapy. Remove permanent marker from wood floors with a dab of toothpaste and a damp cloth. Via My Life and Kids Fix creaky wood floors with a generous dusting of baby powder. Work it into the cracks until the floor is no longer noisy. Via Real Living … Read More

Home Updates That Pay Off

Kim PhillipsReal Estate

Find out how these home improvements can maximize your return at resale. #1 Minor Bathroom Remodel Average return at resale: 102 percent It costs about $10,500 to replace the tub, tile surround, floor, toilet, sink, vanity, and fixtures. You’ll get back an average of $10,700 at resale, a recoup rate of 102 percent. If you can pipe a child’s name on … Read More

Cloverdale Real Estate: Lowest Priced Homes

Kim PhillipsReal Estate

Something we hear ALL the time from people (especially first-time buyers) is “everything is so expensive, I’ll never be able to own my own home.” The truth is that is not always the case. Okay, yes you may not be able to afford a 3,000 sqft home in Brookswood with a suite or a penthouse condo downtown, but in reality, … Read More