Real Estate Blog - Infinity Admin

What Is a Reverse Mortgage?

Typically, when tapping into your home’s equity, one uses a home equity line of credit (HELOC) or refinances their mortgage. What if we told you this was not the only way to free up home equity for other purposes? While a traditional mortgage is a loan secured by a home or property, the borrower must pay back the loan each month with interest throughout the loan lifetime. A reverse mortgage is the opposite. So, what is a reverse mortgage anyway?

A reverse mortgage is exclusive to Canadians over the age of 55. In a reverse mortgage situation, the homeowner can borrow as much as 55 per cent of the current home’s value. In other words, they are borrowing against the equity in the home. The borrower receives the money and does not have to make any…

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Being a Good Neighbour to the Environment

Many people use Earth Day to think about how we can protect and help the environment. But it’s important to remember this is not just a one-day commitment. There are lots of simple ways to be a good neighbour to the environment year-round, no matter where you live. Here are six environmentally friendly habits you can adopt at home to help make a difference in your community.

1. Plant a tree or start a community garden 

Trees can create habitats for wildlife, help cool your neighbourhood, and combat climate change by cleaning the air. Choose low-maintenance native species that don’t need much watering. Or, start up a community food garden, where people on your street can plant fresh produce and herbs. Local food sources use fewer fossil fuels as…

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How Will Higher Interest Rates Impact My Mortgage?

How will higher interest rates impact my mortgage? It’s a question more homebuyers and homeowners are asking, in the wake of the Bank of Canada’s recent interest rate hikes. We consider many variables in life before making any big decision, and one of the most important ones to think about when buying a home is the current state of interest rates. While a low interest rate is desirable for a prospective buyer, as it means they have more purchasing power, lower rates may not be all they are cracked up to be.

Interest rates fluctuate. They rise and fall in response to the economy and world events, and can significantly impact the amount you pay for your home over the lifespan of your mortgage.

Typically, mortgage loans are…

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Get Creative with a DIY Wooden Laundry Countertop

Walk into your typical Canadian household laundry room and you’re likely to find a high-efficiency (HE) front-loading washing machine. It only seems fitting these laundry station spaces be used in a similarly efficient way, which leads us to a great intermediate DIY opportunity—a laundry room countertop! Let’s run through key considerations, steps, and hacks that’ll get you all set up to build and install your own beautifully functional laundry counter.

Using your machine tops as a make-shift counter may be fine for the short term, but a purpose-built countertop ensures more space and stability–so you can avoid items vibrating off during wash cycles. A countertop provides a sturdy surface to separate, fold, and steam your laundry without having to…

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Festivals, Historic Sites, Whale Watching and Icebergs. What You Can Plan For When Visiting Newfoundland

Located on the east coast of Canada, Newfoundland is one of the most unique and historic provinces in the country. According to Maclean’s Magazine, we have one of the Top 10 Friendliest Cultures in the World! There are so many reasons why people flock to the island in search of a one-of-a-kind experience.

Photo by Jeff Smith on Unsplash

Did you know?

Newfoundlanders speak more varieties of the English language than anywhere else in the world! Our history dates back four centuries with accents rooted in Southern Ireland and Western England, as well as Indigenous and French influences. These things combined have helped shape our colorful language. So many dialects and traditions have been preserved right here on the island.

FUN FACT!

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5 Fridge and Pantry Organizing Hacks You Can Do Today

There’s something about looking at images of a perfectly put together fridge or pantry that inspires you to do your own #fridgemakeover or reach #pantrygoals. It’s a popular trend on social media right now, but a well-organized kitchen isn’t just good for an Instagram post or TikTok video. Smart fridge and pantry organization can also help reduce food waste and inspire more home-cooked meals or snacks. If you have an appetite for organization, we’re sharing fridge and pantry hacks you can use in your own kitchen today.

Consolidate, decant, and label 

The first thing to do is check what you have, toss out expired items, donate other unwanted items to a food bank (if accepted), and see what you have left. Once you know…

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What To Keep In Mind When Choosing Your Kitchen Aesthetics

The kitchen is often lauded as the focal point of a house. It’s where people start and finish their days, gather on special occasions, and make memories cooking or baking together as a family. Since we spend so much time in this room, designing it always feels monumental. There are so many choices to make, from flooring to cabinets, so it can be an overwhelming process. 

While we can’t help you pick out specific tiles, we can give you some tips on what to look for and what to avoid when it comes to designing your kitchen! 

Colour scheme

Choosing a colour scheme for the kitchen is the first step to a cohesive design. It’ll inform every design decision you make moving forward, which is why it’s important to make the choice carefully. Avoid bold…

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How You Can Make Home Renovation Tax Credits Work for You

Home renovation projects have become quite common throughout the Canadian real estate market. Whether because people are staying home more now or they want to be more environmentally friendly, people are jumping on the renovation bandwagon. Whether indoors or out, there are many things you can do to revitalize your home. In an environment of historically low interest rates, and plenty of homeowners cashing in on their equity to fix up their humble abodes, more families are choosing to build up and build out, revitalizing their bedrooms, bathrooms and kitchens. Moreover, many homeowners are greening their properties and making their homes smarter. In other words, homeowners are putting their money to work. But did you know that…

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Make the Most of Your Kids’ Shared Bedroom

If you grew up with a brother or sister—or 10—you know how rewarding, comforting, and sometimes frustrating sibling relationships can be. This may be especially true when siblings have to share a bedroom. There are many reasons why a shared room is necessary, be it a limited number of rooms in the home, a child who needs a roommate for comfort, or a family member has moved in with you. 

Plato famously stated, “necessity is the mother of invention,” and this situation is no different, as it presents the opportunity  to create a delightful space with your kids at minimal cost, and without needing to renovate. Let’s look at some ways to approach setting up a shared bedroom.

Get the kids involved

The best way to ensure…

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10 Expert Tips for Staging Your Home to Sell

You are about to make a move to a home that better fits your lifestyle. Congratulations, it’s an exciting time! But before you can do that, you need to sell your home.

The goal of any seller is to get the highest sale price in the least amount of time. If that is your goal, you’re going to want to say hello to staging.

The numbers speak for themselves: according to a study from the Real Estate Staging Association, staged homes spend 73 per cent less time on the market, and staging your property could net you 25 per cent over the asking price.

Staged homes can sell quicker and for a higher price, because they showcase the home’s best features, impress buyers, and downplay the home’s weaknesses.

What is Home Staging?

Staging is not…

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