Market Watch

Historic Hespeler Textile Building Site Project Gets Green Light

July 22, 2022 - via Barbara Latkowski [CambridgeToday.ca]

'I think redevelopment is essential, but I think it is just as essential to retain the history and culture of that site'

A plan of the new building redevelopment located at the historic Dominion Woollens/Silknit /Forbes textile building at 211-215 Queen St. W. in Hespeler. City of Cambridge A plan of the new building redevelopment located at the historic Dominion Woollens/Silknit /Forbes textile building at 211-215 Queen St. W. in Hespeler.

Cambridge city council has approved a development project at an historic site at 211-215 Queen St. W. in Hespeler.

The Blacks Point Development project will begin construction in two phases while preserving the historic Dominion Woollens/Silknit /Forbes textile building, a designated heritage property that fronts the Speed River.

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MARKET WATCH: BOC 1% Rate Increase

July 13th, 2022

The Bank of Canada increased the policy interest rate by 1%, an increase that exceeded expectations and the largest since 1998, as the bank attempts to control high inflation. 

The Bank of Canada has hiked its benchmark lending rate to 2.5 per cent from 1.5%. It's expected an increase of this size will turn up the pressure on Canada's cooling housing market.

The Bank is stating that inflation in Canada is higher and more persistent than expected and will likely remain around 8% for the next few months. The biggest drivers are the war in Ukraine, ongoing supply disruptions and excess demand in the Canadian economy. "With the economy clearly in excess demand, inflation high and broadening, and…

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students looking for community service hours

Hey, Students!

Looking for Community Service hours?

We want to hear from you.

As every student knows, in order to receive an Ontario Secondary School Diploma every graduate is required to have completed a minimum of 40 hours of community service. There are many ways in which a student can achieve this goal including helping with local food banks, community park clean-ups, and volunteering at retirement centers. This is a great opportunity for youth to gain a strong sense of community and even a bit of work-transferrable experience. In return, our community becomes a better place thanks to their efforts.

Dewar Realty is thrilled to be able to offer opportunities to help with projects and events in the community, while also helping…

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In The News

IN THE NEWS

A quick look at the stories that are affecting our local real estate market. [June 30th, 2022]


OSFI makes real estate loan changes aimed at reducing lender risk

June 28, 2022 - cambridgetoday.ca

Canada's banking regulator is tightening requirements for some types of real estate loans to protect homeowners who may be at greater risk from higher interest rates.

The Office of the Superintendent of Financial Institutions says changes affect combined loan plans like reverse mortgages or loans with shared equity features, which have grown in popularity in recent years but may be riskier for lenders.

For borrowers who owe more than 65 per cent of the loan value, a portion of their payment must to go toward the loan principal…

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Buying a House?
Here's Where To Start.

When you're thinking about getting into the real estate market, there are some things you need to know before buying a house. From the mortgage to the closing costs, there are many things you should be aware of before thinking about purchasing a home - whether it is your first or tenth.

Before Your Start

Make a complete checklist of what you want and what you need to do. This will help you in the buying process and ensure you don't forget anything important. It's also good idea to have realistic expectations about the things you need in a home.

How's Your Credit?

Strengthen your credit score. Your monthly payments will be lower when you have a high credit score. Experts also recommend that you stop…

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Are You Worried About Buying and Selling in Today's Market?

Perhaps the most common concern that I've been hearing from homeowners lately, is that of uncertainty in regards to finding a new home after committing to the sale of their current one. "Where will we go, and what if we can't find a new home in this market?" The fact is true that the market has been interesting to navigate over the last two years, but that should never prevent you from your real estate goals.

Thinking about selling your current home, but worried about buying your next one?

- The Purchase -

The market has been a bit crazy over the past two years, but things have started to settle down. As more homes hit the market this Spring and average selling prices begin to…

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Home Selling Mistakes to Avoid:
OUTDOOR EDITION

Home selling mistakes to avoid outdoorsOne of our most popular blog posts was about home selling mistakes to avoid. Since this post was so popular, we thought it was a good idea to make a similar post, this one dedicated to the home selling mistakes that happen outdoors. You know, the cluttered lawns, unkempt gardens, and peeling paint-type of outdoor problems. Read on to make sure you don't make these common mistakes when selling your home!

Leaving Out The Trash

One common thing that sellers often overlook is keeping their outdoor garbage areas in good shape. If your garbage bins are overflowing with trash and your recycling bins are scattered with empty soda cans, it might make people think you've neglected the rest of your home too.…

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Home selling mistakes to avoid Home Selling Mistakes To Avoid

Selling your home can be an overwhelming process but that’s why I’m bringing you my list of the top home-selling mistakes that people often make. Keep this list in mind and you’ll be able to avoid some of the most common home-selling mistakes and make yourself thousands of dollars or more!

1. Pricing Your Home Too High

I've mentioned this before and it’s worth mentioning again. A home that is priced too high will discourage people from making an offer. Even if you think that the granite countertops you installed should allow you to raise your price, if it’s drastically over-priced compared to other houses on the street, it won’t bode well. It’s important to remember that your home is only worth what people are…

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Neighbourhood Spotlight:

Preston neighbourhood in Cambridge OntarioPreston

As a realtor who has a large focus in Cambridge, I think it’s important to understand the differences between each Cambridge neighbourhood before you decide to purchase a home in the area. This week I’m going to go in-depth about the different areas in the neighbourhood of Preston, which is centrally located in Cambridge.

Historic Downtown Preston is divided into North and South by King Street. Since this area is so centrally located, it’s a great place to live since you can get to most places in Cambridge very quickly. Riverside Park is Cambridge’s largest park and is conveniently located in Preston. Perfect for the outdoors-types, it runs along the length of the river and has beautiful walking paths and…

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18 Tannery St E Cambridge ON N3C 2C1We've Moved!

It was a long road but Dewar Realty has officially moved into our new home at:

18 Tannery St E in Cambridge!

This historic building in the heart of Hespeler was built in 1892, and was the home of the local Baptist church. In 1954  it changed hands and became the Salvation Army Citadel. The local history that this church has been a part of, and the stories the walls could share, are key elements of what we love about our new home.
(read more below for some Hespeler history!)

As your local hometown brokerage, we love Cambridge as much as anyone. We are proud to restore life back into this monument of our city's story, and we hope you'll stop by to say hi! We are still settling in and finishing some final touches, but don't let that…

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