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Exploring the Benefits of Downsizing Your Home in Eastern Ontario

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  In the heart of Cornwall, SDG, and Eastern Ontario, homeowners are increasingly discovering the benefits of downsizing their properties. While the notion of moving to a smaller space may seem intimidating at first, it offers numerous advantages that can significantly enhance both lifestyle and financial well-being. Sophie Goudreau, an e xperienced real estate agent in Cornwall and Eastern Ontario , has personally observed how downsizing positively impacts her clients. Drawing on her expertise and local insights, Sophie assists homeowners in navigating this transition, shedding light on the multitude of advantages it presents. **What Financial Benefits Does Downsizing Offer in Eastern Ontario?** Sophie underscores that downsizing in Eastern Ontario can result in substantial financial savings. This encompasses reduced utility costs, lower property taxes, and decreased mortgage payments, enabling homeowners to allocate funds towards retirement, travel, or other enriching experiences. **
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Navigating the Rural Riches: Is Eastern Ontario's Property Investment Worth Exploring?

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  Considering an investment in rural real estate in Eastern Ontario ? Whether you're on the hunt for farmland, recreational properties for activities like hunting or ATVing, or exploring diverse investment opportunities, this guide acts as your guiding star through the dynamic world of rural real estate living and investments. Sophie Goudreau, a prominent local real estate agent in Cornwall and Eastern Ontario, is poised to share her insights, empowering you to make well-informed decisions. 1. EXPLORING RURAL REAL ESTATE INVESTMENTS IN CORNWALL & EASTERN ONTARIO Investing in rural properties in Cornwall & Eastern Ontario is a strategic move for those looking to diversify their portfolios and capitalize on the region's growth. Sophie, with her firsthand experience, recognizes that the scenic landscapes and increasing popularity among those seeking a quieter life or recreational living offer both serenity and significant appreciation potential. 2. DIVERSE RURAL REAL ESTAT
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From Policy to Pocket: What You Should Know About Canada's Latest Mortgage Rules

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In recent years, there have been some huge changes to the mortgage rules that directly affect Canadian homebuyers. One notable change is the introduction of mortgage stress testing. This measure requires borrowers to qualify for a mortgage at a higher interest rate than the one they will actually be paying. The purpose is to ensure that buyers can handle future interest rate increases and have the financial capacity to make their mortgage payments. While this promotes financial prudence, it means there are new – and larger – obstacles to overcome to qualify for a mortgage. This is especially difficult for first-time buyers with limited down payment savings.  Sophie Goudreau is an award-winning  REALTOR in Cornwall  and Eastern Ontario who has helped many first-time homebuyers to navigate the process of finding their dream home. She is answering your questions about what the changes in the mortgage rules mean for you as you look to  buy a home .  How do these changes specifically impact
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What impact will the increases in interest rates have on you when purchasing a home?

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  With recent increases in borrowing costs in Canada, it’s crucial for homebuyers to be aware of the potential implications. Sophie Goudreau is an experienced and award-winning  real estate agent in Cornwall , SDG, and Eastern Ontario. She understands that changes in interest rates will usually have a significant impact on the housing market. Sophie can provide valuable insights into how these rising interest rates may affect you when you’re looking to  buy a house in Cornwall.   WHY DO INTEREST RATE HIKES HAPPEN?  You’re probably hearing the term “interest rate hikes” a lot these days. In this case, it refers to an increase in the benchmark interest rates set by the Bank of Canada. These rates influence the interest rates offered by lenders and play a crucial role in managing inflation and overall economic stability. When the Bank of Canada raises these rates, it’s usually in response to a strong economy, increased inflation, or to manage the risk of excessive borrowing and spend
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WHY SHOULD FIRST-TIME HOMEBUYERS CONSIDER BUYING A HOME IN CORNWALL?

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  Cornwall can be an excellent location for first-time homebuyers who work in Ottawa. One of the biggest advantages you’ll find is significantly lower prices for  homes in Cornwall , which means that you can get more for your money compared to looking in Ottawa. According to the Canadian Real Estate Association (CREA) in February 2021, the average price of a house in Ottawa was $599,005 while home prices in Cornwall were approx $400,000 on average.   WHAT IS THE REAL ESTATE MARKET LIKE IN CORNWALL?  The real estate market in Cornwall is a bit more relaxed compared to Ottawa, with fewer bidding wars in the past year or so. This can be an advantage for first-time homebuyers who may find themselves going up against more eager buyers in a more competitive market. However, it can also mean that there are fewer options available, so it’s essential to work with a  real estate agent who knows the Cornwall area  well.  WHAT ARE SOME POTENTIAL CHALLENGES OF MOVING TO CORNWALL? Some residents of
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Sophie Goudreau - Real Estate Agent in Eastern Ontario

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  Buying or selling a home is exciting but brings its share of stress and challenges. Working with a knowledgeable, experienced  Cornwall real estate agent  makes that transaction an easier process. As a local REALTOR ®  with Century 21 Shield Realty, Sophie Goudreau is passionate about making sure each of her clients gets the VIP treatment, regardless of the property value.  Here is a friendly chat with Sophie to help you get to know her better.  1. TELL US ABOUT YOURSELF.   I was born in Montreal but have lived in Ontario for more than 25 years. I am fully bilingual in French and English. My first year in real estate, I was voted “Rookie of the Year.” Now, with over 18 years of experience, I still love   what I do and have received several high   achievement awards such as the Century 21 Shield Top “Sherry McCollough”   Highest Office Producer & Centurion Award, Century 21 Canada award for the Top 1-5% Canadian performers. I work hard for my clients, whether you’re selling
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How Does A Real Estate Agent In Cornwall Determine The Value Of My Home?

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  Real estate agents in Cornwall  & Eastern Ontario use a variety of methods to help determine the value of your home. They will often start with an evaluation, where they will analyze your property’s market value based on comparable sales, current listings and other factors, taking into account the size, age, location and other influential characteristics of the property. They will also inspect your home to assess its condition and consider any upgrades or renovations that have been made, which may increase their assessment of your home’s value. They will then use this information to establish a fair market value for your home.   DOES THE MUNICIPALITY’S VALUE OF YOUR HOME USUALLY MATCH A REAL ESTATE AGENT’S VALUATION?   The municipal value is based on an assessment of the property tax that you pay which does not match the current market value. Typically in Cornwall & Eastern Ontario , the municipal assessed value is much lower. On the other hand, a real estate agent takes
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