Taking precautions to ensure your home is safe while you're away is important - be it for a week or for a few months. Many of the following tips are simple tasks that you can do to prevent break-ins and minimize damage:

An image of a young family walking out the front door, in the beginning of summer vacation.

  • For long vacations, unplug all electronics and shut off the main water valve. This will significantly reduce your utility bills while you're away.
  • Test your smoke detectors and carbon monoxide detectors before leaving. Replace batteries if necessary. 
  • Make sure all of your windows and doors are properly closed and locked. This includes basement windows, garage doors, and shed doors. 
  • Avoid leaving any valuables out, where one could see them by peering in the window. Closed curtains and blinds are an obvious…

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Deciding which offer to take when presented with multiple offers takes more than just picking the highest bidder. Every seller has to consider a number of factors about the potential homeowners they're dealing with, such as their financing and offer commitment. On the opposite side of the transaction, buyers need to weigh things like conditions in fine print - even blind bidding. So, how do you begin to even deal with a multiple offer scenario? This week, we look at five considerations for both buyers and sellers:

An image of a young couple going over their offer to purchase with a Realtor 

1) Priorities

First and foremost, discuss priorities with your Realtor. While you might have to compromise on some things, your Realtor will do what it takes to check off as many of your goals/priorities as possible. 

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Is the pandemic housing market finally slowing its pace? A report by TD Bank gave the scoop to CTV news a week ago.

An image of a house figurine sitting on top of a small pile of loose change

Key Takeaways 

  • Rising borrowing costs (interest rates) will affect housing activity
  • A forecasted "23% annual average decline in Canadian home sales in 2022 and a 12% pullback in 2023."
  • After this small decline, home prices are likely to grow "modestly" thereafter, with some recovery in buyer demand.
  • The places that will likely see the most decline are highly populated areas such as B.C. and Ontario.
  • Home prices in the Prairies will hold up better than anywhere else in Canada, alongside Newfoundland and Labrador. 

What it Means 

Rising interest rates are going to slow down the extremely active housing…

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