Home of the Week

This loft-style, 2-bedroom, corner unit in Ottawa, Ontario includes an outdoor pool and terrace. It’s central location is close to everything. Listed for $504,900. Contact the seller directly.

Buyers have luxury of time

Many markets saw home resales increase in November from October, but not Toronto. GTA sellers face strong competition and prices are drifting lower. Buyers in Vancouver have the most options to choose from in more than a decade, giving them more time to decide and strengthens their price negotiating. Calgary has had declining prices, too, but resales were still up. Read More

Lower Mainland & Fraser Valley get hammered with rain

B.C.’s Lower Mainland and Fraser Valley got hammered with rain this week. Chilliwack airport reported 110 mm of rain. The town of Hope, B.C., further east, registered 134 mm of rain. Abbotsford declared a state of emergency and all major highways leading out of Lower Mainland were closed. Many residents will be dealing with flood damage. Read More

Homeowners sue big oil

Two Washington state homeowners have filed a federal lawsuit aimed at hold major oil companies responsible for climate-drive increases in their home insurance costs. Homeowners in the state have seen rates rise 51% in 6 years. For one plaintiff, premiums have more than doubled since 2017. The suit seeks class-action status for all homeowners who have purchased insurance after 2017 in Washington. Read More

Thinking of or selling in the new year? Consider HonestDoor and save more of your money.