Buying vs. Renting in Regina
“Should I rent or buy a home?” – This is a common question on many people’s minds! And rightly so, it’s a major decision that can have a major impact on both your lifestyle and financial health. Many people see property ownership as an investment vehicle that can help them build equity and allow them to benefit from tax savings. But renting has its advantages as well. Among other things, renting provides one with much needed flexibility and freedom. Currently, Canada is predominantly a nation of homeowners. According to the latest statistics,…
What Goes into a Regina Home Appraisal
Home appraisals are key in certain real estate transactions like when buying or selling a home or during mortgage refinancing. Appraisals are used to determine whether a home’s sales price is appropriate given its features, location, and condition. Lenders, for example, use an appraisal to ensure they aren’t handing the borrower more money than their home’s worth. The following is everything you need to know when it comes to the home appraisal process in Regina’s housing market. Three Property Valuation Approaches In Saskatchewan, three prop…
Why You Need Open Houses When Selling Your Home in Regina
When sellers think of hosting an open house, they may think of strangers walking through every room of their house and the costs incurred in the preparation of the event. They can often forget the many benefits that come with an open house. In a competitive property market such as Regina, an open house is a tried and tested method of generating needed visibility for your property. In this article, I, Jennica George, offer my take on the benefits of hosting an open house. The Benefits of Hosting an Open House Set Your Property Apart While crea…
Things You Should Know About Property Tax in Regina
Are you looking to buy a home in the near future? Or, do you currently own a home and simply want to learn more about how property tax works in Regina? Whatever the reason, if you’re looking to buy a property, you need to understand the associated taxes. Recently, property owners in Regina have witnessed a rapid increase in property taxes. In 2018 alone, property taxes shot up by 4.5 percent. And while property tax is applicable on all types of real estate, the specific amounts vary depending on certain criteria, including location and assessm…
A Look Into Regina's Housing Market
The sales and prices of real estate across the country are surging. Unsurprisingly large urban centers like Toronto, Montreal, and Vancouver are behind the push. However, recently trends have changed due to the effects of the Covid-19 pandemic and low interest rates. The combination of these two factors has resulted in a surge in demand in more rural places and small towns and cities across the country. Admittedly, the national averages on housing prices can be misleading at times. You may get caught up in those numbers and think that all mar…
