Point property guide

Selling your first home can be both exciting and overwhelming. For many first-time sellers, the experience is marked by complex processes, unfamiliar terms, and unexpected emotional challenges. If you're stepping into the market as a novice seller, understanding a few key truths can help you manage expectations, alleviate stress, and approach the sale with confidence.

When homeowners decide to sell their property, one important question arises: should you buy a new home before selling your current one, or sell first and then buy? This decision depends on various factors, such as whether you’re moving locally or to another province or country, whether you have children in school, and the need for a deposit.

Residential vacancy rates have increased across all provinces and rental value bands, according to TPN’s latest Residential Vacancy Survey Report. The report shows a significant rise in vacancies, jumping from 4.42% in the first quarter to 6.72% in the second quarter of 2024.