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New Schools in Paris?

Paris is growing fast, and now, two brand-new schools are coming to town. This is good news for students and families because it means more space, better facilities, and new classrooms to learn in. The provincial government is investing millions to build these schools and help with crowded classrooms.

One of the schools coming to Paris is a new Catholic elementary school and the other, a new public elementary school. They’ll have cool learning spaces, big gymnasiums, and outdoor areas for students to enjoy. Plus, they are saying both schools will have childcare centres, which is super helpful for parents who need a safe place for their kids while they work.

The Ontario government is putting $51 million into these schools as part of a bigger plan to build and improve schools all over the province. This investment will create over 1,000 new spots for students and more than 100 licensed childcare spots in Paris.

For students and families, this is a game changer. More space means less crowded classrooms, better learning experiences, and brand-new facilities. Paris is growing, and these schools will help make sure kids have everything they need to succeed.

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Open House. Open House on Sunday, February 2, 2025 2:00PM - 4:00PM

Please visit our Open House at 7 FORD Street in Paris. See details here

Open House on Sunday, February 2, 2025 2:00PM - 4:00PM

This stunning 4-bedroom, 3.5-bathroom home is perfectly situated on a premium corner lot in the desirable Paris Riverside community. Offering 3,000 sq ft of bright and airy living space, the Appalachian Model is filled with luxurious upgrades, including 5-inch wide plank engineered hardwood throughout and 9-ft ceilings on the main floor. The open-concept design features a welcoming dining and living area with a cozy gas fireplace and a large picture window overlooking the private backyard with no rear neighbors. The eat-in kitchen boasts upgraded cabinetry, a breakfast bar, and seamless flow into the living space, making it perfect for family gatherings and entertaining. Upstairs, you’ll find a versatile loft, four generously sized bedrooms, and modernized bathrooms, including two with ensuites. The primary suite impresses with a spa-like 5-piece ensuite and an oversized walk-in closet. The full basement offers a walk-out, large windows, and a bathroom rough-in, ready for your personal touch. Additional highlights include a sunken laundry room with inside access to the double car garage. Conveniently located within walking distance to downtown Paris, boutique shops, restaurants, schools, and nature trails, this home offers the perfect balance of luxury, charm, and small-town convenience. (id:2493)

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Exterior Upgrade With a Good Return on Investment

Are you getting your home ready for the Spring market? We’ve got some upgrades with the best return on investment for your curb appeal. The first thing a buyer will notice about your home is the exterior and front of the house. It’s a smart idea to give the best first impression to potential buyers, you can do this by following some of our tips below.

The first upgrade we have for you is landscaping. Landscaping is one of the most impactful ways to boost curb appeal. Focus on simple upgrades like adding mulch, planting flowers or shrubs, and trimming overgrown trees to create a nicer look.

Replacing your garage door offers one of the highest returns on investment. A new garage door not only adds to the overall look of your home but also improves functionality and energy efficiency, making it a great upgrade for homeowners.

Upgrading to new windows enhances your home's curb appeal while also adding comfort and style. New windows can lower outside noise making it an investment that pays off in value and aesthetics.

Installing a new steel front door is a good way to elevate your home's curb appeal and make a better first impression. Known for its durability, security, and appearance, a steel door is a smart investment that adds value and makes your home's exterior better.

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New property listed in Paris

I have listed a new property at 193 KING EDWARD Street in Paris. See details here

Welcome to 193 King Edward Street, Paris, Ontario! This beautiful home offers the perfect mix of country living and city convenience, located just minutes from downtown in the Prettiest Town in Ontario. Sitting on a huge 102 x 478-foot lot that backs right onto Cobblestone School, this property has space for everyone inside and out. Pull into the 10+ car driveway and take in the beautifully landscaped yard, oversized two-car garage, and the welcoming covered front porch. Inside, the open-concept main floor is perfect for family living and entertaining. The family room features hardwood floors, large windows that let in tons of natural light, and a cozy gas fireplace. The kitchen is a showstopper with upgraded cabinets, a 10-foot island, stone countertops, and a big walk-in pantry. The formal dining room is just steps away and has stunning coffered ceilings. The main floor has three bedrooms, including the primary suite with a huge walk-in closet and a spa-like ensuite with a double sink and oversized shower. Two more bedrooms, a full bathroom, a powder room, a laundry room, and a mudroom complete this level. Downstairs, the finished basement offers even more living space, with a big family room, two bedrooms (each with walk-in closets), and a full bathroom. There’s also a separate apartment suite, currently rented for $1,800/month, making it great for extended family or extra income. Step outside to the 28 x 12 covered back porch overlooking the massive backyard with mature trees, perfect for kids, pets, or just relaxing in your own private oasis with a brand new salt water pool professionally installed in 2024. This home truly has it all—space, upgrades, and a location close to everything. Book your showing today and see it for yourself! (id:2493)

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15 More Years of Brantford Bulldogs!

Exciting news for hockey fans and Brantford residents, the Brantford Bulldogs are here to stay for another 15 years! The team has been bought by NHL player Zach Hyman and his family.

The Bulldogs originally moved to Brantford in 2023, playing at the Brantford Civic Centre after their old arena, the FirstOntario Centre in Hamilton, was being renovated. Now, with their new owners, the team is planning to build a brand-new sports complex in Brantford to serve as their new home.

Zach Hyman explained one of the main reasons for this long-term commitment: “Hockey brings people together.” If you’ve ever been to a Bulldogs game, you would know the atmosphere is electric and they definitely bring the community together. With 15 more years ahead and a new arena, there is plenty for the community to be excited for.

 Big Plans for the Future

The Bulldogs aren’t just staying, they’re investing in making Brantford their forever home. The new arena promises to be a modern and exciting facility, and many locals, myself included, can’t wait to see what big plans they have.

It’s great to see how this team is focusing on more than just hockey. The Bulldogs are making it clear that they want to be a meaningful part of Brantford’s identity and future.

 Why This is Awesome for Brantford 

Having the Bulldogs in Brantford is a big win for the city. The games are thrilling, family-friendly events, and now we have at least 15 more seasons to enjoy. With a brand-new sports complex on the way, Brantford will feel like an even more serious hockey city.

But this isn’t just about hockey, it’s about building pride in our community and giving residents something special to rally around.

 Can’t Wait for What’s Next!

Whether you’re a huge hockey fan or just looking for a fun weekend activity, the Brantford Bulldogs are here to stay, and the future looks brighter than ever. With new owners, a long-term commitment, and big plans ahead, Brantford’s hockey scene is on the rise.

 Let’s go Bulldogs!

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Justin Trudeau's Resignation: What It Means for the Canadian Real Estate Market

The news of Justin Trudeau's resignation as Prime Minister of Canada has sent some shock through Canada, sparking debates about the potential effects on certain industries as well as the real estate market. As Trudeau steps down, it’s important to look at how this might affect housing policies, the real estate market, and the economy.

 1. Uncertainty and Market Reactions

Leadership transitions can bring uncertainty to many things including the real estate market. Buyers and sellers may have a wait-and-see approach until they see how Trudeau’s resignation will influence real estate which could slow down market activity.

  2. Shifts in Housing Policy

 Under Trudeau's leadership, the government introduced some housing-related policies, including the Tax-Free First Home Savings Account (FHSA), the ban on foreign homebuyers, and significant investments in affordable housing. With his resignation, these programs may come into question:

 - Affordable Housing: Trudeau's government prioritized funding for affordable housing projects, including the Rapid Housing Initiative. A change in leadership could lead to another look or reduction of these commitments.

- Foreign Buyer Ban: For the past two years, foreign buyers haven’t been allowed to purchase homes to help control rising prices. Under new leadership they might decide to change this rule depending on their plans.

- Support for First-Time Buyers: Programs created to help first-time buyers, such as the FHSA, may be changed or replaced under a new administration.

 3. Economic Stability and Interest Rates

 Trudeau’s resignation may influence Canada’s economy, which also affects the real estate market. Uncertainty could lower confidence and international investment. Additionally, with the Bank of Canada closely monitoring inflation and housing prices, any shifts in policy under new leadership could change the direction of interest rates, affecting housing costs.

 What This Means for Homebuyers and Sellers

 For homebuyers, uncertainty surrounding Trudeau’s resignation could lead to a temporarily slow market as sellers await clarity on what will happen. Sellers, on the other hand may find it challenging to predict market trends for the next couple months.

 Investors’ Perspective

 Investors should stay up to date on this matter as well as policy changes. Markets may experience unpredictable outcomes, but this could also present opportunities if you’re prepared to adapt to shifting conditions.

 Conclusion

 Justin Trudeau’s resignation marks the end of an era in Canadian politics, with potential effects on the real estate market. While we don’t know the full impact yet, this transition presents challenges and opportunities for people in the market. Staying informed and working with knowledgeable real estate professionals will help through your real estate journey.

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New property listed in Paris

I have listed a new property at 7 FORD Street in Paris. See details here

This stunning 4-bedroom, 3.5-bathroom home is perfectly situated on a premium corner lot in the desirable Paris Riverside community. Offering 3,000 sq ft of bright and airy living space, the Appalachian Model is filled with luxurious upgrades, including 5-inch wide plank engineered hardwood throughout and 9-ft ceilings on the main floor. The open-concept design features a welcoming dining and living area with a cozy gas fireplace and a large picture window overlooking the private backyard with no rear neighbors. The eat-in kitchen boasts upgraded cabinetry, a breakfast bar, and seamless flow into the living space, making it perfect for family gatherings and entertaining. Upstairs, you’ll find a versatile loft, four generously sized bedrooms, and modernized bathrooms, including two with ensuites. The primary suite impresses with a spa-like 5-piece ensuite and an oversized walk-in closet. The full basement offers a walk-out, large windows, and a bathroom rough-in, ready for your personal touch. Additional highlights include a sunken laundry room with inside access to the double car garage. Conveniently located within walking distance to downtown Paris, boutique shops, restaurants, schools, and nature trails, this home offers the perfect balance of luxury, charm, and small-town convenience. (id:2493)

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Open House. Open House on Saturday, January 11, 2025 2:00PM - 4:00PM

Please visit our Open House at 7 FORD Street in Paris. See details here

Open House on Saturday, January 11, 2025 2:00PM - 4:00PM

This stunning 4-bedroom, 3.5-bathroom home is perfectly situated on a premium corner lot in the desirable Paris Riverside community. Offering 3,000 sq ft of bright and airy living space, the Appalachian Model is filled with luxurious upgrades, including 5-inch wide plank engineered hardwood throughout and 9-ft ceilings on the main floor. The open-concept design features a welcoming dining and living area with a cozy gas fireplace and a large picture window overlooking the private backyard with no rear neighbors. The eat-in kitchen boasts upgraded cabinetry, a breakfast bar, and seamless flow into the living space, making it perfect for family gatherings and entertaining. Upstairs, you’ll find a versatile loft, four generously sized bedrooms, and modernized bathrooms, including two with ensuites. The primary suite impresses with a spa-like 5-piece ensuite and an oversized walk-in closet. The full basement offers a walk-out, large windows, and a bathroom rough-in, ready for your personal touch. Additional highlights include a sunken laundry room with inside access to the double car garage. Conveniently located within walking distance to downtown Paris, boutique shops, restaurants, schools, and nature trails, this home offers the perfect balance of luxury, charm, and small-town convenience. (id:2493)

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2024 Real Estate Market Recap

As we bid farewell to 2024, it's time to reflect on how the real estate market performed over the past year. From price fluctuations to shifts in sales volume, here’s an in-depth look at what happened in 2024 and how it compared to previous years.

Quick 2024 Summary:

  • Average Sale Price: The average home price in 2024 was $587,268, marking a +1.91% increase from 2023’s average of $576,259. This modest rise indicates continued stability in home values despite market headwinds.

  • Sales Volume: Total sales for the year reached 2,613, a slight decline of -1.47% compared to 2023’s 2,652 sales. This continues a multi-year trend of declining sales volumes, reflecting a more cautious market.

Monthly Trends: Peaks and Valleys

  • January to March: The year began with a strong January, with average sale prices at $574,876, a remarkable +14.7% YoY increase from $501,263 in January 2023. However, February and March saw prices dip slightly below 2023 levels.

  • Spring Market (April to June): Spring proved to be the star of 2024. April’s average price soared to $681,863, an impressive +12.4% YoY gain, the highest monthly increase of the year. June also saw strong performance, with prices at $648,355, reflecting renewed buyer confidence during this period.

  • Summer Market (July to September): Prices softened during the summer months, with August experiencing the sharpest drop to $519,457, down from $572,774 in 2023.

  • Fall and Early Winter: The market rebounded in the latter months of the year. December’s average price climbed to $644,163, a significant increase from $574,404 in December 2023.

Key Economic Factors in 2024

  1. Bank of Canada Key Interest Rate Cuts: Throughout 2024, the Bank of Canada steadily reduced its key interest rate, providing much-needed relief to borrowers and spurring activity in the housing market. This downward trend in rates is widely expected to continue into 2025, further encouraging buyer confidence and affordability.

  2. CMHC Lending Policy Changes: A significant policy shift by CMHC allowed home buyers to secure insured mortgages for properties valued up to $1.5 million, up from the previous cap of $1 million. This change expanded opportunities for buyers in higher-priced markets and contributed to the stability of home values across Canada.

  3. 30 Year Mortgages: First time home buyers, and any buyers purchasing some new construction homes, are now able to extend their mortgages up to 30 years. This means they can now get into a home they previously couldn’t afford or get into the same home with more affordable monthly payments. 

  4. Projected Annual Value Increase: By the end of 2024, we anticipate an overall increase in home values of 4-6%, with the bulk of these gains recognized during the strong spring market. This growth reflects the combined impact of improved affordability and increased buyer activity driven by economic adjustments.

Key Trends and Insights

  1. Price Stability Amid Fluctuations: The average sale price saw modest annual growth, but monthly data revealed significant fluctuations, with spring and winter markets driving overall gains.

  2. Declining Sales Volume: The gradual drop in sales since 2021 points to potential challenges, including higher interest rates earlier in the year, tighter lending criteria, or market saturation. Buyers may also be adjusting to affordability concerns.

  3. Seasonal Patterns: Spring remains the most dynamic season, with buyers and sellers taking advantage of increased activity. Conversely, late summer continues to be a quieter period for the market.

What Does This Mean for 2025?

As we move into 2025, these trends offer valuable insights:

  • For Buyers: With rates continuing to drop and increased lending flexibility, timing will be key. Spring and late winter could present competitive opportunities, while summer may offer deals.

  • For Sellers: Strategic timing will be crucial. Listing in spring or late fall could maximize your returns, as these periods consistently show price resilience.

  • For Investors: With a projected 4-6% annual value increase and expanding lending options, 2025 could be a prime year for strategic investments, especially during quieter summer months.

We expect 2025 to be a continued year of growth. However we constantly heard throughout 2024 that the market was slow, which if compared to 2021 / 2022 it can certainly feel that way, but with 38 years of experience on our team we can tell you that this market is still healthy and fast when properties are priced correctly and marketed at a top level. Lending rates continue to drop, and many are expecting a nearly 1% drop in the BoC key lending rate in the first quarter of 2025 which means homes will become more affordable, this combined with new home buyers able to extend their mortgage to 30 years increasing their purchasing power further we expect prices to climb and sales to grow. 

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Some would argue it’s long overdue, but as of December 15th some major changes came into effect from CMHC for financing homes. CHMC has raised it’s maximum insured mortgage limit to $1,500,000 from the previous $1,000,000. The new minimum down payment for a $1,500,000 home is now $125,000 (5% on the first $500,000 and 10% on the amount from $500,000-$1,500,000) compared to $300,000 prior to December 14th 2024. This is expected to have some major impact on the market, with my prediction will be that we start to see this momentum early spring - but as a team have already noticed an uptick in this price range. 

Not only this but first time buyers can now purchase a home with a 30 year amortization instead of the pervious 25 year. This in the end will cost the consumer more interest, but will allow them to have a lower monthly payment for the same product or will increase their buying power. 
For Example a family with an annual income of $200,000 could now qualify for $100,000 more in financing than they did before. This can be the difference of buying a home you love, or settling. 

I expect this policy shift will impact the larger markets around first (Toronto, GTHA) before trickling into our market. I always explain the way pricing shifts from the large centres to our market as dropping a rock in a pond, that pricing wave pushing its way to smaller markets as the large market heats up. The hotter the market, or the bigger “the rock”, the fast and more intensely we feel the change here. 
With mortgage rates dropping, and expected to continue to drop through 2025 I believe many buyers will try and enter the market, meaning pricing could start to climb again. 

The increase to a $1.5 million insured mortgage cap and the option for 30-year amortizations are game-changers for first-time buyers. These changes provide more Canadians with the opportunity to buy a home they love without being sidelined by affordability issues.

If you’ve been waiting for the right time to buy, this could be your moment. Connect with a trusted mortgage professional or realtor today to explore your options!

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Choosing the Right Time to Move

Making the decision to move is a significant step, and timing plays a crucial role in ensuring a good move. Whether you’re upgrading to a larger home, downsizing, or relocating for work, selecting the right time can make all the difference. Here are some considerations to help you choose the best time to move.

 Personal and Family Needs

If you have school-aged children, timing your move during summer vacation can minimize disruption, allowing your children to settle into a new environment before the start of the school year. Additionally, consider any upcoming family commitments, such as weddings, holidays, or significant milestones, to avoid overlapping with your move. If you’re starting a new job or expecting a new addition to the family, planning your move around these major changes can help reduce stress.

 Market Conditions

The real estate market tends to be more active during spring and summer, offering more options for buyers and potentially higher selling prices for sellers. However, this increased activity can also mean more competition. On the other hand, moving in the fall or winter may provide better deals and less competition, though it’s important to account for weather-related challenges.

 Weather Considerations

Moving during mild weather, such as in spring or early fall, can make the process easier and safer. However, snow, ice, and freezing temperatures in winter can complicate moving, while extreme summer heat can make moving physically exhausting.

 Work and Flexibility

Choosing a time that doesn’t conflict with major work projects or deadlines is essential. If possible, taking time off work to focus on the move can be beneficial. Having flexibility with your moving date can help you secure better deals on moving services and avoid peak traffic times.

 Preparation and Planning

Giving yourself enough time to declutter, pack, and coordinate is crucial for a stress-free move. Rushed moves are often more stressful and less organized. Additionally, ensure that moving companies, rental trucks, and other resources are available for your preferred dates.

 There’s no right answer to choosing the right time to move. It’s about balancing personal circumstances, market trends, and practical considerations. By evaluating your specific needs and planning accordingly, you can make your move as easy and stress-free as possible. Whether it’s a spring relocation or a winter move, thoughtful planning is the key to starting your new chapter off right.

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Open House. Open House on Sunday, December 8, 2024 2:00PM - 4:00PM

Please visit our Open House at 12 MCQUEEN Drive in Paris. See details here

Open House on Sunday, December 8, 2024 2:00PM - 4:00PM

From the street, this bungalow may seem modest, but step inside to discover nearly 3,000 sq. ft. of stunning living space! The open-concept design features a gourmet kitchen with granite countertops, premium finishes, and elegant flooring throughout. The luxurious primary suite offers walk-in closets and a spa-like ensuite, while the finished basement includes a family room, two bedrooms, craft room and spacious laundry room. Outside, the private backyard boasts an in-ground pool with a new liner (Nov 2024), a stamped concrete patio, and low-maintenance landscaping. Conveniently located near schools, trails, and shopping—schedule your showing today and prepare to be amazed! (id:2493)

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