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The year 2021 is slowly but surely coming to a close!

What a year it was, from enduring difficulties to overcoming those same challenges and coming up on top, it was rough, yet truly memorable!

As each year comes by, we always strive to make changes, to learn from the previous year, and to improve.

What better way to do just this, than to start from within our home and slowly work our way out to our daily lives and routines as well!

We are referring to downsizing your home, getting rid of the clutter, the hidden stress which comes with it, and to give yourself a fresh new start for the year 2022. Great things require a great start, a good stable foundation to make those important steps in life!

It might seem quite simple, yet overlooked by many, but reaching your goals does require planning, including lots of organization. Having a non-organized home can subliminally affect your ability to organize other aspects of your home! According to Dictionary.com, clutter is defined as something untidy or overfilled with objects. It also refers to a state or condition of confusion.

Having this in mind, it is easy to see why it can indirectly affect your daily lives and chores.

There are several steps that can be taken towards downsizing your home, and providing yourself more room for breathing, relaxing, and creativity!

Step 1: How to recognize clutter?

As simple as it sounds, recognizing clutter might be the core of the issue due to most clutter having certain memories attached to them.

The best way to recognize clutter would be to ask yourself several simple questions, which are:

1) When is the last time I have used this?

2) Do I really need this?

3) Is there more down than up by owning this?

Step 2: How to get rid of clutter?

In the beginning, it might seem hard to get rid of certain things which you do have fond memories of.

But Step 2 of downsizing your home, is to focus on the positives! Every step can be hard on paper, even when doing it, but the relief you can get from it does outweigh the struggle!

This brings us to step 2: Focus on the positives!

Having the satisfaction of making changes for the better, can help drastically after you have noticed the fruits of your labor.

As many will say, people do fear the unknown, but...

Walking, talking, eating, etc. was once an unknown as well, learning and adapting to many things’ life throws at us can be a way to a bright and well-known future, a happy one!

Step 3: Origin of the clutter itself.

A step which can be life-changing, is quite simple!

When downsizing your home, and providing a better foundation for a better tomorrow, try avoiding the most common mistake.

Do not ask yourself about the items you are removing, but ask yourself, why that stuff is there!

If there is no concrete answer, it is only taking up valuable space, and trust us, this is the case for your mind, as much as it is for your home itself!

Step 4: Accepting the changes and embracing your newly found freedom!

The simplest, yet most important step, is to accept everything which has been done!

Hundreds, if not thousands of scientific articles have shown us that those unnecessary items can lead to unnecessary thoughts, leading to a cluttered mind, stress, and sleepless nights. Simply try to rest and enjoy your life, achievements, family, and the peace and security of your home!

I am here for you! Contact Susan Macarz, Broker, now for additional guidance and help!

Starting a home renovation might be intimidating, especially if you've never done one before. With so many things to consider, remodeling may quickly become overwhelming.

It's critical to know what you're getting yourself into if you decide to do a complete home remodel. A look at the components of a significant home renovation will give you an idea of what's involved and help you plan your tasks more successfully.

This guide will help you determine how to order, prioritize, and develop a precise home improvement plan that will minimize stress while keeping you on budget and on schedule!


Prepare a Detailed Home Improvement Project Plan
The first step in any remodeling job is to come up with a detailed strategy that lays out exactly what you want to accomplish and how you intend to get there.

Include in your project plan - Sketches or blueprints of the final product. Your project's wish list of needs and wants. Lastly, steps for the project that are broken down into what can be done on your own and those that require the assistance of a professional.

Investigate local zoning restrictions and permissions at this point in the process. You should find out whether you need a permit for your makeover and if your neighbourhood is designated for it. Permits are typically required if you plan to alter the structure or use of a room in your house. Don't apply for permissions until you've got the right people in place and have a timeframe for the project.

** You should begin with this step, 6 to 12 months before you want to begin your project.


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Set a Budget for the Project
The next step in a home renovation project is to figure out a budget and sources of funding. Permits and building supplies, as well as labour costs, should all be included in your budget.

Determine the amount of money you have available. Make sure to set aside at least 10% of your budget for unforeseen expenses. Professionals can provide you an estimate of the cost of their services and find out how much each item will cost.

Assuming you have a budget, use your project plan from step one to cut back on features that aren't as important. Ask for quotes from several contractors before making a final decision.

** You should begin with this step, 3 to 6 months before starting your project.


Employ Contractors
Next, you'll need to put together a team for your renovation. Cost estimates alone should not be used to select your contractors. Before hiring a contractor, make sure you interview them thoroughly. Consider the following questions:

• Extensive Knowledge
• Contracting License
• Insurance Certificate
• References
• Payment Plan

If you choose to renovate without hired help, check to see if you have the competence and assistance you need to execute the project on your own, including verifying the help of friends and family for when the project actually begins.

** You should begin with this step, 2 to 3 months before your start date.


To learn more about ways to increase the value of your home, click here.


It's Time to Create Your Timeline
Once you have a budget and a team in place, it's time to draw together a timeline for your remodeling project. Decide when you want to begin or work backward from the end date if you have a firm deadline in mind. Talk to your contractors about how long each part of the job will take.

Be sure to include in your timeline - Time to tidy up when the project is finished. Allow time for the transportation and delivery of material, and to keep track if your contractors take a few days off during the year.

Each stage of the project should be noted on a calendar. In the event of unforeseen problems, give yourself some wriggle room. Confirm with your contractors or team members if the timeline is reasonable and within your budget.

** You should begin with this step, 2 to 3 months before your start date,


Prepare Your Home for The Renovation
Preparing the space and making arrangements to avoid using the room while it's under construction are the next steps in your home project planning.

Whether or not you should stay in your house while it is being renovated depends on the nature of the work. A thorough home remodeling may need a temporary shift from your current residence.

** You should begin with this step, 2 to 3 months in advance. If necessary, pack and move 1 to 2 weeks prior to your start date.


Check out these quick and inexpensive ways to make your home look more opulent after your renovations are complete.


It might be difficult to plan for a renovation. There are so many moving elements that it might be difficult to keep track of everything. However, that doesn't mean it is impossible. It only takes a little planning and preparation to get the job done. Keep these things in mind while you're planning your next renovation project. Your vision will be brought to life with the help of these steps!


If you have any queries about home renovations or the real estate market in the GTA, don't hesitate to contact Susan Macarz, Broker, today!

There's something exhilarating about looking for your first home, but it may also feel overwhelming as essential issues and necessary steps appear at every turn. As a result, the majority of first-time homebuyers are unlikely to understand the crucial variables required in a successful home purchase.

Therefore, I’ve included some advice for first-time homebuyers to assist them better with topics like mortgage alternatives and first-time homebuyer incentives. So, let's get started!

Types of Mortgages: 

To buy your first home, you must obtain a mortgage, and there are various variables to consider when determining which one is best. Let’s look at the various mortgage options below.

Insured, Insurable, and Uninsurable

Mortgages can be classified as either insured, insurable, or uninsurable.

If you have to pay mortgage default insurance to protect the lender, you have an insured or high-ratio mortgage. Thus, most lenders provide their lowest mortgage rates on these products.

On a conventional or insurable mortgage, you need to put down at least 20%. In this case, mortgage insurance is not required. Due to the greater risk, lenders demand higher interest rates than with an insured mortgage.

With a Uninsurable mortgage - Mortgage insurance companies will not insure a mortgage that does not meet federal guidelines. Two instances are $1 million home purchases and 30-year amortizations. As a result, uninsurable mortgages have the highest interest rates.

Variable or Fixed Rates

When applying for a mortgage, you can choose a fixed or variable rate. 

A fixed-rate mortgage ensures that your payments will not change regardless of the prime rate. Because of this, a fixed-rate mortgage has a higher interest rate than a variable-rate mortgage. 

A variable-rate mortgage's interest rate will fall if the prime rate falls. If the prime rate rises, so will your mortgage rate.

Open vs. Closed

An open mortgage can be paid off in full at any time. As a result, mortgage rates are often higher. Open mortgages are only used in the event of a huge cash windfall or a speedy sale of your home.

With a closed mortgage, you must pay the usual mortgage plus a monthly fee. As a result,  it has a lower interest rate than a regular loan.

Amortization vs. Term 

Your mortgage terms and conditions are guaranteed for the term of your mortgage. Your mortgage's interest rate will not fluctuate while it is outstanding if it is a fixed-rate loan.

Your mortgage's amortization shows you how long it will take to pay it off. The standard term in Canada is 25 years, however there is no legal requirement that it be shorter or longer.

Looking to save on Interest? Click here to find out how!

There are a Few Programs in Canada for First-Time Homebuyers.

First-time homebuyers should familiarize themselves with any programs that relate to their situation, such as rebates, tax incentives, down payment funding options, or the minimum down payment required.

In pricey areas like Toronto, acquiring a first-time home buyer loan might be challenging due to the high cost of living. Fortunately, federal, provincial, and local governments offer incentives and grants to first-time home buyers. Let's take a look at the options below.

First-Time Home Buyers' Tax Credit

Canada's Economic Action Plan included the First-Time House Buyers' Tax Credit to help people buy their first home. Close-out charges like legal fees, inspections, and property transfer taxes can be recovered with this tool.

At current tax rates, the Home Buyers' Tax Credit equates to a $750 rebate for all first-time buyers. 

RRSP Home Buyers' Plan

When it comes to saving for your down payment, a Registered Retirement Savings Plan is an excellent option (RRSP). Using your RRSP as a down payment, you can borrow up to $35,000 from the Canadian government's Home Buyers' Plan (HBP) tax-free. It's possible to borrow $70,000 from your RRSP if you're buying with someone who is also a first-time homebuyer. HBP must be paid back within 15 years because it's a loan.

Land Transfer Tax Rebate

First-time homebuyers in Ontario can receive up to $4,000 in rebates on their land transfer tax.

GST/HST New Housing Rebate

It's a win-win situation for Canadians who paid GST or HST on a new home, a renovation, or the reconstruction of a home that was destroyed in a fire. The house must be your principal residence for you to be eligible for this reimbursement. Those who have acquired a modular or mobile home also have access to it.

Use this mortgage calculator to compare different rates.

Your down payment and mortgage options are only the beginning of your home-buying journey.

Take advantage of these useful tips and start house hunting now.

Contact Real Estate Broker, Susan Macarz today to help you start looking for the home of your dreams. 

We're getting closer and closer to the holidays! 

For many people, the holidays are a lovely time of year, full of warmth and happiness! However, there's no denying that holiday preparations may be stressful. It can be a challenge to clean and prepare your home for all the visitors to come, but if you plan beforehand, you may unwind with loved ones and have fun without stress!

Listed below are a few things you should complete before the holidays so you may relax and enjoy the most delightful time of the year!

First Things First, Make a List

Make a comprehensive list of everything that needs to be done to help you remember it all, stay organized, and flow seamlessly from one activity to the next.

Is the thought of selling your home putting you on edge? You're not alone. Using the proper guidelines can help your home stand out for potential buyers. 

Millennials are buying their first homes causing a drive up in demand. In response to this greater demand, sellers might only need to make minimal changes to make their properties more attractive to potential buyers who are already committed to entering into a highly competitive market. In addition to all the work that must be done to make your property ready to sell, it may also be stressful and need an abundance of effort. Below you will find 6 effective ideas to help you prepare your home for sale.

In August 2021, TRREB set the third-best sales record in its history. Despite the market's usual summer slump, the demand for housing remains strong. At the same time, housing availability is decreasing. In this tight market, competition among home buyers has increased, resulting in double-digit annual price increases.

YEAR-OVER-YEAR DATA FOR ALL HOME TYPES 

Stats retrieved from TRREB 

The low amount of new listings this year is quite concerning. It suggests that there is a housing shortage, which will grow as immigration to Canada rises.