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

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

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

Introducing Crystal Homes' highly coveted Appalachian Model, perfectly situated on a premium lot within the vibrant Paris Riverside community. This immaculate 4-bedroom, 3.5-bathroom residence offers 3,000 sq ft of sophisticated living space, ideal for those seeking to settle in the trendy town of Paris, Ontario. Step inside to find an array of premium upgrades, including 5-inch wide plank engineered hardwood throughout. The inviting foyer flows into a bright, open-concept dining and living area, complete with a cozy gas fireplace and a large picture window showcasing your private, expansive corner lot with no rear neighbours. The eat-in kitchen is designed for both function and style, featuring upgraded cabinetry, a breakfast bar, and an effortless connection to the living space—perfect for family gatherings and entertaining. Enjoy the airy feel of 9-ft ceilings on the main floor, enhanced by an abundance of natural light. Upstairs, a spacious loft den/office leads to four generously sized bedrooms, two of which have ensuites. The primary retreat includes a luxurious 5-piece ensuite and a sizeable walk-in closet. Modern, fresh finishes extend to the upstairs bathrooms, creating a sleek and comfortable atmosphere. The full basement, featuring a rough-in for a bathroom, large windows, and a walk-out, provides endless opportunities for customization. Additional features include a sunken laundry room with inside access to the double car garage. Located within walking distance of downtown Paris, the Grand River, boutique shops, restaurants, schools, and essential amenities, this home effortlessly combines luxury and convenience. Plus, you’re just steps away from Morgan's Pond, and tranquil nature trails, perfect for outdoor enthusiasts. With all these features, you’ll enjoy the full experience of this charming, up-and-coming community. (id:2493)

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

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

Open House on Sunday, December 8, 2024 2:00AM - 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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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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Winter Activities In Brant County

If you’re new to the Brant County Area and are looking to get the best out of your first winter here, we’ve got you covered. Not only do we have your regular winter activities like tobogganing and skating, but there are also a bunch of local events and activities to add some more holiday spirit to your winter! Winter in Brant County isn’t just about the chill in the air, it’s about embracing the cozy and festive spirit of the season.

Let’s start with a classic like ice skating! There are so many outdoor rinks that are completely free if you have the right equipment. If you already have skates this is a fun activity to do with your family and friends that is essentially costless. Don’t forget to bundle up, tie those skates and head on over to one of the many outdoor rinks in the area. Paris has a rink where the baseball diamond is outside of Syl Apps Community Centre, Brantford has one at Harmony Square and there are so many more!

Other than the snow the prettiest part of Winter are definitely the lights. There are plenty of places with beautifully decorated Christmas and holiday lights but one of the best displays would be at Glenhyrst Art Gallery in Brantford. This light display starts on November 29th and runs every night until January 1st. The opening night starts at 7pm and every other night they run from 6-9pm. You can look at these lights on foot or drive around the circular path and its completely free!

Take a break from the cold and enjoy the cozy atmosphere of Brant County's local cafes. Whether you're meeting up with friends or looking for a quiet corner to relax, these charming cafes offer the perfect winter retreat to warm up and indulge. Don’t forget to try some seasonal specials while you’re there!

If you're really looking for some action this winter, you can always go skiing or snowboarding. This activity isn’t as local but there’s some good ski hills in Kitchener, London and a personal favourite of mine is Blue Mountain in Collingwood. Whether you are experienced or just starting out most of these hills have rentals and even offer some beginner classes.

Brantford kicks off the holiday season with its Christmas parade on November 30th, followed by Paris on December 7th. These parades are annual traditions filled with festive fun and excitement. Be sure to bundle up and bring your holiday cheer! And don’t forget to keep an eye out for our team because we have a float in the Paris Christmas Parade!

Looking for unique holiday gifts or simply love the festive charm of a seasonal market? Brant County offers several holiday markets where local vendors showcase beautifully handcrafted goods, decorations, and delicious treats. One must-visit market is the Christmas Market and Vendor Show, it takes place at the Paris Fairgrounds on December 7th and 8th, offering the perfect opportunity to support small businesses while finding one-of-a-kind gifts and stocking stuffers for your loved ones.

For those colder nights when you just want to relax, a cozy night at the movies is always a great option. Whether it’s a blockbuster hit or a nostalgic holiday classic, local theatres provide the perfect escape from the cold with some popcorn and hot chocolate in hand.

Lastly, no winter is complete without sledding. Brant County has plenty of hills to choose from, pack up the sleds and head out with family or friends for hours of snowy fun. If you are in Paris there is a good hill at Paris District High or if you’re in St. George, King William Park has a good hill for sledding as well. It’s a timeless winter tradition that’s sure to bring smiles all around.

Whether you’re spending your first winter here or are a long-time resident, Brant County has something for everyone to enjoy this season. Bundle up, get out there, and make some memories!

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Open House. Open House on Thursday, November 14, 2024 5:00PM - 7:00PM

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

Open House on Thursday, November 14, 2024 5:00PM - 7:00PM

Introducing Crystal Homes' highly coveted Appalachian Model, perfectly situated on a premium lot within the vibrant Paris Riverside community. This immaculate 4-bedroom, 3.5-bathroom residence offers 3,000 sq ft of sophisticated living space, ideal for those seeking to settle in the trendy town of Paris, Ontario. Step inside to find an array of premium upgrades, including 5-inch wide plank engineered hardwood throughout. The inviting foyer flows into a bright, open-concept dining and living area, complete with a cozy gas fireplace and a large picture window showcasing your private, expansive corner lot with no rear neighbours. The eat-in kitchen is designed for both function and style, featuring upgraded cabinetry, a breakfast bar, and an effortless connection to the living space—perfect for family gatherings and entertaining. Enjoy the airy feel of 9-ft ceilings on the main floor, enhanced by an abundance of natural light. Upstairs, a spacious loft den/office leads to four generously sized bedrooms, two of which have ensuites. The primary retreat includes a luxurious 5-piece ensuite and a sizeable walk-in closet. Modern, fresh finishes extend to the upstairs bathrooms, creating a sleek and comfortable atmosphere. The full basement, featuring a rough-in for a bathroom, large windows, and a walk-out, provides endless opportunities for customization. Additional features include a sunken laundry room with inside access to the double car garage. Located within walking distance of downtown Paris, the Grand River, boutique shops, restaurants, schools, and essential amenities, this home effortlessly combines luxury and convenience. Plus, you’re just steps away from Morgan's Pond, and tranquil nature trails, perfect for outdoor enthusiasts. With all these features, you’ll enjoy the full experience of this charming, up-and-coming community. (id:2493)

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Open House. Open House on Sunday, November 10, 2024 2:00PM - 4:00PM

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

Open House on Sunday, November 10, 2024 2:00PM - 4:00PM

Explore this exquisite bungalow nestled in the heart of Paris, featuring a striking brick and stone exterior and offering nearly 3,000 sq. ft. of living space across both levels.The open-concept design features a gourmet kitchen with granite countertops, high-quality cabinetry, a walk-in pantry, and a stylish backsplash. Elegant travertine flooring and premium hardwood add a touch of sophistication throughout. The luxurious primary suite offers spacious walk-in closets and a spa-like ensuite. The finished basement includes a generous family room, a craft corner, two additional bedrooms, and a laundry room, with one bedroom enjoying ensuite privileges. Outside, the fully fenced backyard is a private retreat with an in-ground pool, stamped concrete patio, and low-maintenance landscaping. (New Pool Liner ordered.) Additional highlights include radiant in-floor heating in the lower bathroom, cathedral ceilings, and large windows that flood the home with natural light. Despite its modest appearance from the street, this home offers far more space than you'd expect. Ideally situated close to schools, scenic trails, and shopping, this property provides the perfect combination of style, comfort, and convenience. Don’t miss out—schedule your showing today! (id:2493)

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Open House. Open House on Saturday, November 9, 2024 2:00PM - 4:00PM

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

Open House on Saturday, November 9, 2024 2:00PM - 4:00PM

Explore this exquisite bungalow nestled in the heart of Paris, featuring a striking brick and stone exterior and offering nearly 3,000 sq. ft. of living space across both levels.The open-concept design features a gourmet kitchen with granite countertops, high-quality cabinetry, a walk-in pantry, and a stylish backsplash. Elegant travertine flooring and premium hardwood add a touch of sophistication throughout. The luxurious primary suite offers spacious walk-in closets and a spa-like ensuite. The finished basement includes a generous family room, a craft corner, two additional bedrooms, and a laundry room, with one bedroom enjoying ensuite privileges. Outside, the fully fenced backyard is a private retreat with an in-ground pool, stamped concrete patio, and low-maintenance landscaping. (New Pool Liner ordered.) Additional highlights include radiant in-floor heating in the lower bathroom, cathedral ceilings, and large windows that flood the home with natural light. Despite its modest appearance from the street, this home offers far more space than you'd expect. Ideally situated close to schools, scenic trails, and shopping, this property provides the perfect combination of style, comfort, and convenience. Don’t miss out—schedule your showing today! (id:2493)

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Moving with Children: 8 Tips for a Smooth Transition

Moving to a new home is a big adventure, and when you have children, it’s important to make the transition as smooth as possible. Based on our experience, we understand that moving with kids can present unique challenges. To help you with this process, we have put together some tips we think all parents should know before moving to ensure a safe and stress-free move for the whole family.

1. Involve Your Children in the Moving Process

Involving your children in the moving process can help ease their worries and make the transition feel like an exciting adventure. When kids understand what’s happening and why, it gives them a sense of control and reduces anxiety. Explain the move in an age-appropriate way, and let them take part by packing their belongings, choosing new decor for their rooms, or planning a farewell party for their old friends. This involvement can make the experience more positive, turning the move into a shared journey.

 2. Create a Moving Plan

 A well-organized moving plan is essential, especially when considering your children’s needs. Create a checklist that covers logistics and family-specific tasks, like arranging childcare on moving day, packing a separate bag with essentials for your kids, and preparing a first-night kit with their favourite items. By planning ahead, you can stay organized and make the move less stressful for everyone.

 

 3. Prepare a ‘Moving Day’ Bag

 Preparing a “moving day” bag with essential items can make the transition smoother for your children. Pack a bag with their favourite snacks, toys, books, comfort items (like a blanket or stuffed animal), and any necessary medications. These familiar items will provide comfort and help them adjust more easily to the unfamiliar environment.

 4. Set Up Their New Space First

 When you arrive at your new home, setting up your children’s room first can help them feel settled and comfortable more quickly. Unpack and arrange their room as soon as possible, making it a familiar and welcoming space with their favourite toys, decorations, and bedding. Giving them a space to call their own right away can make adjusting to their new surroundings much easier.

5. Maintain Routine and Stability

 Maintaining familiar routines during the move can provide comfort and a sense of normalcy for your children, helping them feel more secure amidst the change. Keep mealtimes, bedtimes, and other daily rituals as consistent as possible. Continuing specific routines or traditions in your new home offers stability for your children.

 6. Explore the New Neighbourhood Together

 Exploring your new neighbourhood can be a fun way for your children to feel more connected to their new environment and ease the transition. Take a family walk or drive around, visiting local parks, playgrounds, and other attractions. Meeting new friends and discovering nearby fun spots can help them feel more at home and make the adjustment more enjoyable.

 7. Address Any Emotional Concerns

 Moving can be an emotional experience for children, so it's important to acknowledge and address their feelings throughout the transition. Be open to discussing any concerns or fears they may have, offering reassurance and support as they adjust. Encouraging them to express their feelings and providing patience and understanding will make it easier for them to adapt to the changes.

 8. Celebrate the Move

 Turning the move into a positive experience can help your children see it as an exciting adventure rather than a stressful change. Celebrate the transition with a special family activity or treat, like a movie night, a visit to a local attraction, or a small welcome-home party. Making the move fun and memorable can help your children feel more excited about their new home.

 In Conclusion moving with children requires thoughtful planning and a focus on their needs to ensure a smooth and positive transition. By involving them in the process, maintaining familiar routines, and creating a welcoming space in your new home, you can turn the move into an enjoyable experience for the whole family.

 As your real estate team, we’re here to support you every step of the way. If you have any questions or need assistance, don’t hesitate to reach out. We’re committed to helping you and your family settle into your new home with ease and confidence.

 Happy moving!

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New property listed in Paris

I have listed a new property at 57 WEST RIVER Street in Paris. See details here

Check out this 2-bedroom, 1-bathroom bungalow, nestled just a few steps from the heart of downtown Paris. The thoughtfully designed main floor features a cozy, open-concept living and dining space, perfect for everyday living. The kitchen offers direct access to a peaceful backyard oasis, where you can enjoy your morning coffee surrounded by nature. Both bedrooms and a well-appointed bathroom with a convenient laundry nook are located on the same level for ease and comfort. A bright, sun-filled front room with large windows is perfect for relaxing and taking in the beautiful sunsets, while the gas fireplace creates a warm, inviting ambiance for cozy evenings. The partial basement provides extra storage space, and the fenced backyard is ideal for outdoor activities and entertaining. The property also includes a private driveway for one possibly two vehicles, street parking is allowed year round. Conveniently located within walking distance to all that downtown Paris has to offer, including Lions Park and the scenic Barkers Bush trails, this home seamlessly combines the charm of the community with simplicity. Embrace vintage charm with modern conveniences—schedule your viewing today and make this delightful home your own! (id:2493)

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