3 Surprising Signs It's Time to Sell

Is it Time to Sell?

There are many good reasons to put your property on the market. Some examples include a relocation, the kids leaving the nest, or the need for something bigger or smaller.

However, there are also some less-obvious indicators that it may be time to sell. Consider the following:

1. Your Property is No Longer a Good Fit

Your home may have been perfect for you when you bought it, but things change. Families grow, interests change, and needs evolve. If your property no longer fits your lifestyle, it may be time to look at what's available on the market. Your next "perfect" home may be for sale right now within your price range.

2. The Neighborhood is Changing. 

You may have loved the neighbourhood when you first moved in, but over time, the character of an area can shift. Those changes don't necessarily mean the neighbourhood is worsening - for example, it may be becoming more urban. But that transformation may no longer suit your preferences. So consider whether you still want to be living there in a couple of years.

3. You're Ready for Your Dream Home. 

When you purchased your current property, did it have every feature you wanted? Or did you have to compromise on things like the size of the kitchen? If you settled before, it might be time to finally get the home of your dreams.

Those are just a few indicators it may be time for you to make a move. Of course, there are many others to consider as well.

Other Factors to Consider

In addition to the reasons mentioned, other factors that may signal it's time to sell include financial considerations, such as the need to downsize or take advantage of current market conditions. Personal circumstances, like an impending retirement or a desire for a change of scenery, can also play a role. Ultimately, the decision to sell should be based on carefully evaluating your current situation and future goals. Consulting with a real estate professional can provide valuable insights to help you determine the best course of action.

Brought to you by: Your local Realtor®

If you are looking to either Buy or Sell, contact me at 705-927-6236

Brad Sinclair, Sales Representative

Team Lead at The Brad Sinclair Team

Royal Heritage Realty

Your inside source to cottage country

"No More MP Ferreri" seems like something Donald Trump would say.

 

I saw one of Peterborough's "No More MP Ferreri" signs today. I was surprised; it bothered me. After some thought why it bothered me, I felt that the sign was unkind and was hypocritical by the maker and displayer. The sign was created by John Bruce of Peterborough supporting NDP, Green and Liberal parties over conservatives. I have no problem with individual election signs, but to display "No More MP Ferreri" sign is on the same page as the "F*&% Trudeau" signs. It shows a lack of class. 

The display of such disparaging signs regarding political figures, regardless of party affiliation, demonstrates a concerning lack of civility and respect in political discourse. While individuals are entitled to their opinions, the public exhibition of inflammatory rhetoric can further polarize the electorate and undermine the democratic process. A more constructive approach would be to engage in thoughtful, nuanced discussions that address substantive policy issues rather than resorting to personal attacks, as I felt those signs were.

Say what you want about Michelle Ferreri, but she works. When she is not in Ottawa, she is out at many Peterborough events and you see her. Just open the Peterborough Examiner, and you can read it for yourself. You can not deny that Michelle is always out and about in the community. If Michelle is being seen, it is only fair to reason that she is hearing from the people. Is that not what you want from your representative, Conservative, Liberal, NDP or Green? 

Then you read in the Peterborough Examiner about a city woman, Mary Reynolds, who carried a "No More MP Ferreri" sign in protest against Michelle Ferreri for International Woman's Day. Is Michelle Ferreri not a woman? If you Google "what is International Womans Day" this is the definition I got:  International Women's Day, celebrated annually on March 8th, is a global day dedicated to recognizing and celebrating the social, economic, cultural, and political achievements of women and girls, while also serving as a call to action for accelerating gender equality.  So was holding a "No More MP Ferreri"  hypocritical? I believe so. Mary Reynolds owes Michelle Ferreri an apology. International Women's Day is for all women, not just those with Mary Reynolds's beliefs. This was not the day to use the divisive "No More MP Ferreri" sign to protest.

We all have our beliefs and vote and support who best represents us. You sticking a divisive sign on your yard is doing precisely what you say you are against. Support your representative and party choice, but pushing a sign like "No More MP Ferreri"  makes you a hypocrite. We should have respectful political discourse and disagree without resorting to divisive rhetoric or personal attacks, as I feel this sign is to Michelle Ferreri.

Promoting unity and understanding, even across party lines, is the best way to move our community and country forward. Rather than widening the divide, we should focus on the shared values and common ground that unite us as Peterborough residents and Canadians. Constructive dialogue, not inflammatory signs, is the path to progress.

"No More MP Ferreri" seems like something Donald Trump would say. Just like when Donald Trump calls Christine Freeland a "nasty" woman. It is just wrong.

Be better.

Brad Sinclair

Boost Your Home's Curb Appeal and Stop Buyers in Their Tracks

As a homeowner, you know first impressions matter when selling your property. Buyers start forming opinions when they see your home from the street or with photos online. That's why it's important to focus on your home's "curb appeal" - the overall attractiveness and welcoming vibe of your property from the outside. 

Boosting your home's curb appeal can be an effective way to attract potential buyers and make a great first impression. This can involve simple updates like landscaping, painting, or adding decorative elements. Additionally, ensuring your home's exterior is clean, well-maintained, and inviting can significantly enhance its visual appeal. Investing time and effort into improving your home's curb appeal can increase its perceived value and potentially attract more interested buyers.

Luckily, there are several easy and affordable ways you can boost your home's curb appeal:

• Paint: A fresh paint job will freshen up any room or area.

• Landscaping: Keep your lawn, trees, and shrubs well-manicured. Plant colourful flowers and add potted plants near the entryway. 

• Front Door: Ensure your front door is clean, shiny, and inviting. Consider adding a new coat of paint or stain or replacing the hardware.

• Lighting: Install exterior lighting to highlight your home's best features and create a warm, welcoming ambiance.

• Accessories: Add decorative touches like a new welcome mat, house numbers, or a wreath on the door.

• Landscaping: Trim hedges, remove weeds, mow the lawn, and add a few pops of color with fresh flowers or colorful mulch. These simple tasks can make a big difference in your home's overall appearance.

• Update your front door: A fresh coat of paint can breathe new life into an older front door. This is an inexpensive upgrade that can dramatically improve your home's first impression.

• Declutter the outside: Remove any unsightly items like garbage cans or stored items that could distract buyers from forming a positive first impression.

• Make windows shine: Clean the inside and outside of your front-facing windows to let in natural light and make your home look well-cared for.

• Park elsewhere: If possible, park your vehicles on the street during showings to give buyers a clear, unobstructed view of your home.

Most of these tips can be done in less than a day, but they can make a huge difference in boosting your home's curb appeal and helping it make a great first impression on potential buyers. They are well worth the effort!

Brought for you by: Your local Realtor®

If you are looking to either Buy or Sell, contact me at 705-927-6236

Brad Sinclair, Sales Representative

Team Lead at The Brad Sinclair Team

Royal Heritage Realty

Your inside source to cottage country

Bank of Montreal is the first large bank to stiffen rules against Canadian's after tariffs placed by Trump

BMO, one of Canada's major banks, is tightening its mortgage rules for self-employed Canadians in certain industries. This change will impact hundreds of thousands working in fields like steel, aluminum, and other sectors that BMO considers "high risk."

Under the new policy, self-employed borrowers in these high-risk industries will need to keep their monthly debt payments below 42% of their income to qualify for a mortgage. This is down from the previous 45% threshold.

While a 2% difference may not seem like much, it can have a big impact - especially in pricey housing markets like Toronto. For example, a household earning $200,000 per year would now only qualify to buy a home costing up to $1.27 million after a 20% down payment. That's about $180,000 less than the average price of a detached home in the city.

BMO says it's standard practice to consider broader economic factors when assessing mortgage applications. One expert told the Globe and Mail that the change makes sense, as it will help limit lending to those at a higher risk of defaulting.

While BMO is the only bank to announce this type of policy change so far publicly, the expert believes other lenders likely have similar rules in place for self-employed borrowers in high-risk industries.

This tighter mortgage qualification for certain self-employed Canadians is the latest sign that banks are being more cautious as economic uncertainty looms. Those who work for themselves in affected sectors may need to adjust their home-buying plans accordingly.

As your real estate partner, I can help you explore alternative financing options, such as seeking pre-approval from other lenders, that may better suit your situation. It's essential to stay informed and proactive in the current market conditions. Together, we can devise a strategic plan to achieve your homeownership goals, whether that involves finding a property within the new mortgage guidelines or considering other viable options. Please don't hesitate to reach out with any further questions or concerns.

Brought for you by: Your local Realtor®

If you are looking to either Buy or Sell, contact me at 705-927-6236

Brad Sinclair, Sales Representative

Team Lead at The Brad Sinclair Team

Royal Heritage Realty

Your inside source to cottage country

Unlock Your Dream Property: The 3-4 Must-Haves That Matter Most

Finding Your Dream Property by using priority decision making

Buying a new home can be both exciting and overwhelming. Where do you even start? Many people begin by making a giant wish list of every possible feature they could want. But that approach often leads to frustration when the "perfect" home remains elusive.

Instead of getting bogged down in a never-ending list, focus on your 3 or 4 core must-haves. These are the essential elements that you absolutely can't live without. For example, it might be:

1. A safe, family-friendly neighbourhood 
2. A good-sized backyard
3. The correct number of bedrooms and bathrooms

Or perhaps your top priorities are:

1. Staying within a specific price range or budget
2. Finding the perfect neighborhood or location
3. Having a garage or other key feature

Sure, your list may include other "nice-to-have" features, like a mature tree or a move-in-ready condition. But by honing in on your top 3-4 priorities, you can streamline your home search and increase your chances of finding that dream home.

Another benefit of this approach is that it will give you a clearer sense of the price range for homes with your desired characteristics. That way, you can get pre-approved for financing and be ready to make a strong offer when the right property comes along.

As an experienced real estate agent, I'm here to guide you through every step of the home-buying process. If you're ready to find your next dream home, call me today at 705-927-6236. I'll use my expertise to help you navigate the market and secure the perfect property.

Call us today for a clear path. We will look after you. 705-927-6236

Brought for you by: Your local Realtor®

If you are looking to either Buy or Sell, contact me at 705-927-6236

Brad Sinclair, Sales Representative

Team Lead at The Brad Sinclair Team

Royal Heritage Realty

Your inside source to cottage country

Why Won't My House/Property Sell?

Why Won't My Property Sell?

Ever driven by a home for sale for an extended period and wondered why no one has bought it yet? You may be worried that your own house won't sell when you go to list it.

There are several common reasons a house becomes hard to sell:

1. Overpricing

The number one reason a house is difficult to sell is an unrealistic asking price. Overpricing a home can scare away potential buyers. It's essential to price your home competitively based on recent comparable sales in the area. 

2. Poor Presentation

Your home isn't showing well to buyers. Poor staging, outdated decor, or a lack of curb appeal can make a home unappealing. Decluttering, deep cleaning, and minor cosmetic updates can help your home show its best.

3. Lack of Promotion

Your home may not be getting enough exposure to potential buyers. Proper promotion includes more than just a sign on your front lawn. Websites, digital ads, print ads, and open houses are valuable tools for promoting your home's listing.

4. Location or Condition Issues

Homes in undesirable locations or needing major repairs may struggle to attract buyers. Factors like noisy surroundings, flood risk, or outdated systems can be turnoffs for potential purchasers.

5. You need to give it time

If you researched the home's value, and your were provided a CMA report from your Realtor, the same CMA report will also give you an average days on the market to sell. Sometimes, it just takes time to sell. Use the average days on the market to provide you with a timeline to realistically give to sell the home. If it is well above the days on the market, relook at the numbers 1 to 4 above.

The Brad Sinclair Team has the Iguide system, a great tool for giving buyers a virtual look at your home before they book a showing. We also have a huge database of potential buyers and list our properties on the Toronto Real Estate Board and the Local Real Estate Board for more exposure. We also use digital marketing to get your listing in front of more eyes.

When you work with us, you can count on our team to leverage our extensive resources and expertise to get your property sold quickly and for the best possible price. Contact us today at 705-927-6236 to learn more about how we can take the stress out of selling your property.

Brought for you by: Your local Realtor®

If you are looking to either Buy or Sell, contact me at 705-927-6236

Brad Sinclair, Sales Representative

Team Lead at The Brad Sinclair Team

Royal Heritage Realty

Your inside source to cottage country

Week in review: Real Estate Market Watch and Update (March 16-March 22, 2025) Peterborough, Kawarthas and Hastings

 

Real Estate Market Report for Peterborough, Kawarthas and Highlands (Hastings). Get a snapshot of what is happening in your Real Estate Market for the week of March 16th to March 22, 2025

Looking at the numbers, the data suggests that lower-priced listings are selling below the average list price in all three areas, which could indicate an influx of first-time buyers. The City of Kawartha Lakes real estate market appears to be in a slower period, with lower new listings and overall sales compared to Peterborough and Hastings counties. However, the stronger sales activity and total dollar value of real estate in Peterborough and Hastings suggest a more robust market in those regions. Overall, the data paints a nuanced picture of the regional real estate trends, with some areas showing more activity and demand than others.

Peterborough and Peterborough County

# of Current Active Listings

718

# of New Active Listings

128

Average List Price

$960,428

Average Sales Price

$681,069

Average Days On the Market 

28

Total Dollar Value of Real Estate

$24,518,499

City of Kawartha Lakes 

# of Current Active Listings

519

# of New Active Listings

60

Average List Price

$818,762

Average Sales Price

$785,268

Average Days On the Market 

34

Total Dollar Value of Real Estate

$17,275,900

Hastings County

# of Current Active Listings

958

# of New Active Listings

116

Average List Price

$711,665

Average Sales Price

$512,012

Average Days On the Market 

56

Total Dollar Value of Real Estate

$21,504,513

Brought for you by: Your local Realtor®

If you are looking to either Buy or Sell, contact me at 705-927-6236

Brad Sinclair, Sales Representative

Team Lead at The Brad Sinclair Team

Royal Heritage Realty

Your inside source to cottage country

Understanding Shoreline Road Allowances: A Guide for Waterfront Property Buyers

When this question comes up, do you know the answer? Does your GTA agent know?

First of all, what is a shoreline road allowance (SRA)? Well, in the late 19th century, the Crown instructed their surveyors to lay out 66-foot road allowances along the banks of lakes and rivers in Ontario. These road allowances were used for logging and transportation of goods. Today, there is very little use, if at all, commercially, for road allowances. Since road allowances were no longer of interest to the general public for commercial uses, the Crown turned over the road allowances to the individual municipality in which the lakes were located. This leaves the road allowances being owned publicly.

Over the years, individual landowners were offered the opportunity to purchase the SRA from the municipality for exclusive use. Having ownership of the SRA would mean there would be fewer restrictions the seller would have on usage and building. Many did purchase the SRA, but many did not. Municipalities would not enforce rules in the past, so many cottages, boathouses and docks were built on these SRA’s. In today's tighter enforcement and environmental protection, problems can arise with current and future usage if the SRA is not owned. That said, “riparian rights” does say you could build a dock on the SRA, for example, and enjoy it without any problems with the proper permits.

For property owners whose existing access and use of the shoreline are not dependent on the SRA, there may be less need to purchase it. As long as they have secured riparian rights—the legal rights of property owners whose land abuts a body of water—they can often continue using the shoreline without owning the SRA. In these cases, the property owner may decide the costs and hassle of purchasing the SRA outweigh the benefits.

The rules and processes around SRAs can vary considerably between different municipalities. Some have limited the number of SRAs they'll sell yearly, while others are more open to property owners purchasing them. It's essential for anyone interested in an SRA adjacent to their property to research the specific policies and procedures in their local area.

However, this nuanced understanding of SRAs is not always known by all real estate agents, especially GTA agents. SRA is not part of the city business. Many may be unaware of the varied municipal regulations, the options for purchasing the SRA, or the implications of riparian rights versus owning the SRA. This lack of comprehensive knowledge can lead to misinformation or oversight regarding properties with shoreline road allowances.

Property buyers and sellers should carefully investigate the status and ownership of any SRA associated with a lakefront or riverfront property rather than rely solely on the advice of their real estate agent. Consulting with the local municipal planning department or a real estate lawyer specializing in waterfront properties can help ensure all the relevant details around the SRA are understood before proceeding with a transaction.

Brought for you by: Your local Realtor®

If you are looking to either Buy or Sell, contact me at 705-927-6236

Brad Sinclair, Sales Representative

Team Lead at The Brad Sinclair Team

Royal Heritage Realty

Your inside source to cottage country

Avoid Costly Surprises: Key Home Maintenance Issues to Uncover Before Buying Your Next House

Recognizing Potential Expenses in a Home Before You Buy It

When a new home you like comes on the market, it's easy to get distracted by all the lovely features, like a beautiful kitchen, all the space your current house may not have, and a bigger backyard. In all your excitement, make sure not to overlook any expensive maintenance issues that could be just around the corner.

It's crucial to thoroughly inspect the home's major systems and components to identify any potential costly repairs or replacements that may be needed in the near future. This can help you make a more informed decision and avoid unexpected financial burdens down the line.

When viewing the property, be sure to ask the seller or real estate agent for information on the age and condition of the following:

• Roof shingles
• Furnace and air conditioning system 
• Water heater
• Major appliances
• Windows and doors
• Plumbing and electrical systems

These items don't last forever, and knowing their age and expected lifespan can help you budget for potential replacements or repairs.

Remember to be vigilant to the more minor things you may not think of like the deck or fencing. Check the condition of:

• Decks, porches, and stairs
• Fencing and gates
• Gutters and downspouts
• Siding and trim

These can also be costly to repair or replace if in poor condition.

It's always a good idea to have the home you are ready to purchase examined by a qualified home inspector. This professional can provide a detailed assessment of the home's condition and identify any significant issues requiring attention. Their report can be invaluable in helping you make a well-informed decision about the property.

As your realtor, I can help you navigate these important considerations when buying a new home. I have extensive experience identifying potential maintenance and repair issues, and I can connect you with trusted home inspectors to thoroughly evaluate any property you're interested in. My goal is to ensure you make a confident, informed decision that protects your long-term investment. Let me know how I can assist you in finding the perfect new home!

Brought for you by:

Your local Realtor®

If you are looking to either Buy or Sell, contact me at 705-927-6236

Brad Sinclair, Sales Representative

Team Lead at The Brad Sinclair Team

Royal Heritage Realty

Your inside source to cottage country

Hire the RIGHT Realtor® to Sell Your Exclusive, Hard-to-Access Property

Selling Hard-to-Access Properties

Not every Realtor® has the knowledge and tools to access, list, show, and sell unique or hard-to-access properties. Selling these types of properties requires a specialized Realtor® with:

• Expertise in accessing and showcasing unique or remote properties
• The right tools and skills to give prospective buyers access
• The experience and resources to avoid costly delays or failed transactions.

As an experienced Realtor® who has successfully sold many hard-to-access and unique properties, I possess the specialized knowledge, skills, and resources required. This includes expertise in selling water-access only properties, hunting camps, vacant land, and ATV-access only locations. My area of focus is the Kawarthas and Highlands regions, where I have an extensive network and deep understanding of these specialized markets. I know how to effectively market these properties and provide buyers with seamless access, ensuring a smooth and efficient sales process.

Hiring an inexperienced Realtor® without the proper tools can end up costing you significant time and money. Why take that risk when you can work with a proven expert in this field? I am the Realtor® you want handling the sale of your hard-to-reach, off-the-grid, or otherwise difficult-to-access property.

Questions? Call me at 705-927-6236 and lets chat!

Brought for you by:

Your local Realtor®

If you are looking to either Buy or Sell, contact me at 705-927-6236

Brad Sinclair, Sales Representative

Team Lead at The Brad Sinclair Team

Royal Heritage Realty

Your inside source to cottage country

How Interest Rate Cuts Could Affect the Peterborough and Kawartha Lakes Real Estate Market

 

The Bank of Canada's Latest Rate Cut

The Bank of Canada (BoC) lowered the nation's benchmark interest rate by a quarter point, cutting it to 2.75%. While this was the central bank's seventh straight rate cut, the context and reasoning behind it are different from those of the six that came before.

Previously, the BoC cut rates in response to easing inflation and the increased likelihood of a soft landing. This time around, it's doing so as a safeguard against the economic shockwaves that are already rippling from the Canada-U.S. trade war.

BoC surveys found that consumers and businesses plan to spend less; a KPMG survey showed that some export-oriented companies are already laying off workers.

The trade war has the BoC between a rock and a hard place. While tariffs will hurt growth and employment — necessitating lower rates to help keep money flowing through the economy — they will also lead to higher prices, which could reignite inflation.

If it weren't for the trade war, it's likely the BoC would have paused cuts, as Canada's GDP surpassed expectations last quarter and inflation unexpectedly rose in January.

The Potential Impact on the Peterborough and Kawartha Lakes Real Estate Market

The latest interest rate cut from the Bank of Canada could have significant implications for the real estate market in the Peterborough and Kawartha Lakes area. Here's how it might play out:

Increased Affordability for Buyers

• Lower interest rates make it more affordable for buyers to purchase a home, as their monthly mortgage payments will be lower.

• This could lead to increased demand from first-time homebuyers and those looking to upgrade or downsize, potentially driving up home prices in the region.

• Buyers who had been hesitant to enter the market may now feel more confident in their ability to afford a home, which could spur a surge of activity.

Potential Boost in Seller Confidence

• With more buyers in the market, sellers may feel more confident in their ability to sell their homes at a favorable price.

• This could lead to an increase in the number of homes listed for sale, providing buyers with more options to choose from.

• However, the influx of new listings could also put some downward pressure on prices, as competition among sellers increases.

Impact on the Rental Market

• Lower interest rates may make it more attractive for investors to purchase rental properties, as the cost of financing those investments will be lower.

• This could lead to an increase in the supply of rental units in the Peterborough and Kawartha Lakes area, potentially putting downward pressure on rental prices.

• However, if the demand for rental properties also increases due to the improved affordability of homeownership, rental prices may remain stable or even rise.

Potential Influence on New Construction

• The lower interest rates could encourage developers to invest more in new housing projects, as the cost of financing those developments will be more manageable.

• This could result in an increase in the supply of new homes in the Peterborough and Kawartha Lakes region, which could help to alleviate any potential supply shortages and moderate price growth.

The Broader Economic Landscape

The trade war between Canada and the United States is a significant factor in the Bank of Canada's decision to cut rates. The feds increasingly believe that President Donald Trump's tariff goal isn't ensuring U.S. economic security or curbing fentanyl trafficking — he wants to economically ruin Canada so it's easier to annex.

BoC Governor Tiff Macklem stressed in his remarks that interest rates aren't a very useful tool for fighting tariff impacts, but what they can still do is combat inflation.

So, while the rate cut may provide some relief for homebuyers and sellers in the Peterborough and Kawartha Lakes area, the broader economic uncertainty caused by the trade war could also have a significant impact on the local real estate market.

Homebuyers and sellers in the region will need to stay informed about the latest developments in the trade war and the Bank of Canada's monetary policy decisions to make the most informed decisions about their real estate transactions.

By understanding how interest rate changes can affect the local real estate market, homebuyers and sellers in the Peterborough and Kawartha Lakes area can better position themselves to take advantage of market conditions and make informed decisions about their real estate investments. 

Brought for you by:

Your local Realtor®

If you are looking to either Buy or Sell, contact me at 705-927-6236

Brad Sinclair, Sales Representative

Team Lead at The Brad Sinclair Team

Royal Heritage Realty

Your inside source to cottage country