There’s definitely not just one way to paint a ceiling. Even if you favor classic white, there are as many subtle shades to choose from for your ceiling as there are for your walls. And if you overlook these options, you might make a mistake that stays with you for years. Here are some tips for choosing a ceiling paint color that will best coordinate with your look, whether you want your ceiling to blend in, coordinate or contrast with your walls.

1. White Ceilings

A crisp white paint is probably the most popular option for ceilings, and it’s not a bad safe-bet choice. But painting your ceiling white isn’t always as simple as buying a few cans of untinted paint and calling it a day.

In spaces that have bright white walls with no particular undertones, a similarly untinted white for the ceiling can work well to give a sense of gallery-like seamlessness.

However, if your walls aren’t pure white, you should consider how the tones of the two surfaces will look next to each other — and whether your ceiling paint should be matching, contrasting or somewhere in between.

2. Ceilings That Match the Walls

If you’re using an off-white or an otherwise very pale color for the walls, the simplest solution is to use the same color on the ceiling. In this example, you can see that the walls and ceiling are all the same white shade, carrying just a hint of creamy warmth.

Using one shade for the walls and the ceiling deemphasizes the points where different surfaces meet and puts the visual emphasis on other features such as furnishings, architectural elements and art.

This holds true even if there are bright white moldings breaking up the walls and ceiling. The ceiling still blends away and the eye is better able to take in the moldings.

Overall, using the same pale neutral for the walls and ceiling gives a sense of serenity and welcome, especially when used throughout the entire home for a sense of continuity.

However, the richer the color you choose, the more it can begin to shrink the space when applied to the ceiling. If you have a tall room or want the space to feel cozy, this isn’t a bad thing. But if you’re going darker with your walls or your wall hue isn’t so neutral, you may want to consider some other options.

3. Ceilings Tinted to Coordinate With the Walls

Whether you’re using a rich neutral or a bright hue, you can make sure the ceiling color coordinates well by tinting it with just a little bit of the wall color. For example, if you’re using a rich buttery cream for the walls, choose a ceiling white that’s tinted with just a bit of the same yellowy undertone.

There are a few ways to approach this. One is to literally pour a little bit of the wall paint into a can of white ceiling paint, stir thoroughly and use this as the new tinted shade.

However, that method has a few issues. One, you can’t easily predict how the shade will turn out. On first try it will likely be either barely tinted or too dark, and it can take a lot of remixing to get it right.

Second, you’ll never be able to get a second can of the exact same shade, either for future touch-ups or because you ran out of the first batch partway through painting.

The better option is to choose a pale color from the same family, often the palest option on the same paint chip. If you choose what’s essentially just a much lighter shade of your wall hue, you’ll be virtually guaranteed to get a coordinated look.

For bold hues, you may not be able to simply choose an off-white from the same paint chip. But you can speak with a design professional or knowledgeable paint store associate to create a custom formulation based on the tints going into your wall hue.

This way the formula will be recorded and you’ll be able to re-create it. And if you swatch it at home and decide it doesn’t work, it can be adjusted much more easily than a DIY concoction.

4. Ceilings Darker Than the Walls

The idea of tinting paints to match can work in reverse as well. In this dining room, the dark paint treatment in the ceiling cove highlights the architecture and makes the room feel more intimate.

But this accent shade wasn’t chosen at random. The hue carries similar tones to ones found in the wallpaper, as well as the white trim color of the doors and moldings. The slightly warm trim shade was likely chosen from the same color family as the ceiling, at the same time, so no features subtly clash.

Contrasting the walls in darkness, but not in color undertone, creates a very livable effect. For this reason, a very neutral gray is a great choice for anyone who likes the idea of doing a dark ceiling but doesn’t want to take a big color risk (especially in an area that isn’t as easy to repaint as a typical wall).

Unfortunately, a truly neutral gray can be tricky to choose in the store. Often colors will look a bit purple, blue or brown when applied at home. For this reason, it’s always wise to choose a few options and swatch them at home, or order oversized swatches to see the color at a better scale before committing.

5. Ceilings as a True Accent

Of course, sometimes a ceiling can be beautiful in a hue that completely contrasts with the walls. The entryway shown here has an icy pale blue in the ceiling coves and a somewhat warm white for the walls, so they certainly don’t match. Coordinating colors like this isn’t an exact science, but you can use several approaches to help.

One is to swatch all of the colors being considered together as stripes on a long plank to see how shades look next to each other. Starting with a recommended pairing from a paint line can help, but seeing the hues at home in your ambient light will reveal how they look together in real life.

A second tip is to pick up the ceiling hue from another accent you already have. Here, the ceiling color repeats one of the colors in the wall treatment, which then is also used for the blank wall.

You could also look to fabrics or art to find a shade to replicate. Just keep in mind that this hue will be in an attention-grabbing spot when on the ceiling, so choose the most neutral shade in the inspiration piece to keep the room looking put-together rather than loud.

6. Crisp White Ceilings for Contrast

While we’re talking about contrasting ceilings, let’s go back to where we started: pure white. In spaces with a lot of fresh white in other elements, such as white linens or other accents, a pure white ceiling can be perfect, despite not “matching” the wall tone.

In this example, you can see how the faintly beige wall and bright white ceiling contrast. This makes the wall color stand out more and gives a sense of freshness that works well to bring a contemporary edge to this traditional townhouse.

A purely white ceiling works well in a space that has a mix of both warm and cool neutrals (like the ruddy brick, warm wood and cool gray sofa upholstery shown here). The white acts as a middle ground between the diverse tones.

3 Questions to Ask Your Design Professional Before You Paint

1. What finish of paint will you use? (There are options that can highlight, others that can mask, so this is important to know.)

2. Will you also paint the crown molding or ceiling medallions? If yes, what color or finish?

3. What is the end desired feel you wish to give my space? (Cozy means a darker color. Airy generally means a lighter color.)

Source: https://www.houzz.com/magazine/how-to-get-your-ceiling-paint-color-right-stsetivw-vs~111275019

We often strive to decorate, organize, and make our space our own, but we don’t usually consider the impact design elements, layout, or lighting have on our moods and well-being. 

We asked two experts to share insights on how your home’s interior affects wellness, and tips for small, but effective ways people can adjust their existing spaces to improve them.

Keep flow in mind when you design your living space

Colin Ellard, PhD, a cognitive neuroscientist and design consultant at the University of Waterloo, studies neuro architecture and architectural psychology. He says environmental psychologists have looked at home interiors and their geometry to understand how the designs of spaces at every scale influence how we feel and what we do. 

“The way a space is laid out, and the way the areas of a space are connected to one another, will have an influence on how much time we spend in them and what kinds of things we do in those spaces,” says Ellard.

One concept researchers have discovered is the ideal locations in a space are those from which we can see and not be seen. 

“In evolutionary history, people preferred those kinds of spaces for pragmatic reasons like avoiding predators and being able to see where there’s food in a landscape. In the interior of your home, it’s more about that ephemeral feeling of comfort—being in a space where we feel the protective arms of something behind us where we can look out over the space and see what’s going on,” he explains.

For example, you typically wouldn’t put a comfy armchair smack in the middle of your living room; you’d put it to the side.

Mastalic suggests creating a cozy nook by placing an armchair, standing lamp, and potted plant in an unused corner.

Annabelle Mastalic, principal designer and founder of ADM InteriDesign, Design Trends, Interior Designers in Calgary, Alberta, takes a holistic approach when working with clients. A former nurse, Mastalic assessed patients by looking at everything impacting their physical, emotional, mental, and social health. Now, she brings those skills to her wellness design work.

“There are so many unconscious things happening when we’re scanning the environment; we don’t think about it, but it’s how the body’s responding,” says Mastalic. “Colour, the layout of the space, how much natural light is coming in—all those things are affecting the body.”

Open-plan living, which tops many home buyers’ wish lists, can be a love-hate concept, notes Ellard. 

“There are good reasons for wanting to have an open plan: young parents like to be able to see where their kids are all the time, and it’s very nice for entertaining. But it’s not for everyone,” he says. “Depending on your personality type, you might rather have a space that has some cozy nooks and quiet refuges. The ideal is to have the ability to move from an area where they can see lots of areas of their homes, to quiet locations of refuge.”

Even homeowners who love the idea of open plan living need zones, adds Mastalic. 

“If you’re walking into a home and you want it to feel welcoming, safe, and comfortable, clearly defined spaces in open layouts are perceived as more aesthetically pleasing and easier to navigate,” she explains.

Pro tips: 

• Ellard suggests creating a nook with privacy screens, area rugs, or lighting to suit your needs.

• Mastalic says create a cozy corner by adding a custom window seat where you can relax with a book, or placing an armchair, standing lamp, and potted plant in an unused corner.

Select design elements that promote wellness 

Materials, textures, patterns, and colours will all evoke a certain feeling and mood in that space, says Mastalic. She also suggests limiting your palette to one or two colours and adding textural elements with rugs and throws to create depth and interest. 

“In a bedroom, for example, if the desired feeling is relaxation, tranquility and peace, I’m going to choose colours that are more subdued and calming versus something that’s energetic like orange or red,” she explains.  

While warmer colours are known to promote energy, that depends on how you pair them, notes Mastalic.  

“If you’re pairing complementary colours like blue and orange, that will feel a lot more vibrant and energetic versus colours that are right beside each other on the colour wheels. Blue and green will feel a little bit more subdued if you pair them together versus colours that are opposite of each other,” she says.

A fresh coat of paint in a mood-boosting hue—even just on one wall—instantly changes a space, she adds.

“Painting the ceiling adds another dimension; I just did a project with a client where we painted the ceiling the same colour as the walls. It looked stunning and automatically made the room feel cozy,” she says. 

Soft bedding and blackout curtains can help improve your sleep and overall health.  

“The heavier the blanket, the cozier it feels; the brain’s unconsciously processing that this feels safe,” she says.

Pro tips: If you want serenity, soft greys and muted neutrals reduce visual distractions, allowing your eyes to rest. Incorporating soft textiles like an upholstered headboard or fur blankets make spaces feel more comforting, inviting, and cozy.

Clear out clutter to restore calm

Piles of stuff spread out around a home can cause stress and create visual distractions, says Mastalic.  

“Get rid of anything you don’t need. Then, look at creative storage solutions like built-ins and little nooks where you can include shelving—anything that would make a space feel more organized,” she explains.

Storage solutions that combine open and closed shelving, like built-in units, can help declutter our space and give our brains a chance to rest.

Because excess items remind us of tasks we need to tackle, donating unused items, organizing things we use daily, and stashing most things out of sight gives our brains a chance to rest and refocus. 

Pro tip: Use a mixture of closed storage with cabinet doors and open shelving above. Invest in furniture items that do double duty, such as an ottoman with a lid that can hold toys or side tables with drawers and shelving.

Bring in elements of nature 

Scientific evidence shows that biophilic design—bringing the outdoors in—significantly affects our moods, says Ellard.  

“One of the earliest pivotal studies in this area was conducted in a hospital. In the experiment, the scientist compared recovery in surgical patients who had a view of nature from their windows as opposed to those who didn’t. And there were differences between the two groups in terms of the time to discharge and the number of requests for pain relief,” he says. 

Since then, there’s been a movement about the importance of natural elements at every scale – from urban environments to home interiors, adds Ellard, who advises incorporating the patterns of nature into our spaces. 

“You don’t have to build a rainforest in your living room; a few house plants will work, and a view from a window is fantastic,” he explains. “Even if you have objects of art that incorporate patterns of nature, like landscape paintings, there’s some evidence it would induce a measurable effect not just on your mood but on your health.”

According to a study conducted in 2019 entitled, “Effects of Biophilic Indoor Environment on Stress and Anxiety Recovery: A between-Subjects Experiment in Virtual Reality,” biophilic design can lower blood pressure, reduce anxiety, and lower your heart rate.

Sheer drapes, natural textures, wooden elements, and houseplants by the window can all help boost your mood, according to Mastalic and Ellard.

Increasing natural light, highlighting nature views and choosing natural materials like wood, stone, cotton, and linen, also invoke a healthy connection to nature, says Mastalic.

“Try to maximize the view of a window: Instead of heavy drapery covering a window, use sheers. If furniture is blocking part of the window, move it out of the way,” she suggests. “Wallpaper or even prints in artwork that mimic nature is going to have a boosting effect because we’re intuitively more responsive to things found in nature.”

Pro tips: Replace heavy drapery with sheers to allow more light to filter through. Potted plants, fresh flowers, or even textural branches in a vase can all boost wellbeing.

Tweaking our physical surroundings can improve our overall mental and physical wellness, creating pleasing spaces that help us relax, focus or recharge. With a little creativity, you can incorporate these ideas to make the most of your home.

Source: https://www.realtor.ca/blog/how-our-interiors-affect-our-moods-and-well-being/38075/1367

A sofa is one of the biggest furniture investments you’ll make — and one of the most permanent. Even if you’re just buying one for a temporary fix, it’ll eventually get demoted from the living room to the family room to the basement and, finally, the dorm. Before you know it, a decade or more has passed, and that impulse purchase has become part of your life. So give some thought to it before you buy. Then buy the best-quality sofa that you can afford. Your purchase will be amortized over many years.

How to Spot a Quality Sofa

Test its sturdiness. Quality sofas should feel solid and heavy. Flop around on one to test its sturdiness and then lift it up by the corner and shake it a bit. If it feels light or wobbly, take a pass. Look for a frame made from a kiln-dried hardwood such as oak, alder, birch, maple or, alternatively, high-quality hardwood plywood or marine plywood. Eight-way, hand-tied springs are a hallmark of fine furniture, but sinuous S-shaped springs can provide nearly as much comfort. Drop-in coil springs are a less costly alternative.

Consider the cushions. Most cushions have a core of polyurethane foam; the denser the foam, the heavier it is and the longer it will last. In the cheapest furniture, the cushion is filled with just the polyurethane foam core. In better furniture, the core is wrapped with Dacron batting. Higher-quality options include poly-down cushions, which have down mixed with the batting; spring-down cushions, which feature a core of springs surrounded by foam and feathers; and all down, which is all feathers (and all work, so try to avoid this.)

Check the joints and frame. The best sofas have joints that are double doweled and fitted with corner blocks that are both glued and screwed (not stapled) into place. Quality pieces have legs that are part of the frame, not just attached to it (although removable feet do make it easier to get items through doorways).

How to Make It Work With Your Room

Complement the decor. If your interior is traditional, look for a sofa with rolled arms, a contoured back, skirting or tufted cushions. Contemporary sofas tend to have cleaner lines, fewer flourishes and understated upholstery.

Get the right size. Consider the proportions of the room and determine what height, length and depth of sofa would look best in the space. If you’re uncertain, mock up a footprint on the floor using masking tape or blue painter’s tape. Or consider “building” a sofa out of empty boxes — then live with it for a few days to see how it feels.

Don’t overlook the arms. If you plan to spend a lot of time lying on the sofa for reading or naps, make sure it has enough space between the arms. Don’t rely on overall length alone, as the width of the arms will affect the space between. If you’re short on space, think about buying a sofa with low arms or no arms — it’ll make your room look larger.

Design Considerations

Number of cushions. Asking yourself how many people you want to seat might sound silly, but the truth is, nobody likes sitting on the crack. So if you get a sofa with two cushions, expect just two people to use it. To accommodate more people, get a sofa with three cushions or a single long cushion, called a bench cushion.

Sofa back type. Sofas generally come with one of two types of backs: a pillow back, which has removable cushions or pillows along the rear; or a tight back, in which the upholstery is tailored to the contours of the sofa’s back.

Pillow-back sofas are generally considered more comfortable and inviting, but there’s a downside: Unless you’re diligent with your fluffing, the cushions will usually look slightly askew.

If you’re the kind of person who is driven to distraction by something like that, you might want to consider a tight back.

Sofa depth. When it comes to sofas, one size does not fit all. The depth of the seat and the angle of the back will influence how comfortable you feel.

How do you know what depth is right for you? Let experience be your guide. If there’s a sofa or chair that you find particularly comfortable, measure the distance from the inside of your knee to the spot where your lower back hits the back of the sofa, then buy a sofa that has similar dimensions.

Buying for the Long Term

Stick with neutrals. Since sofas are such a big investment, you’ll want yours to stay in fashion as long as possible. Given that, it’s often best to stick with a neutral fabric. You can always add color and pattern with throw pillows. Plus, pillows are easy and inexpensive to change if you decide to redecorate.

Consider durability. If you have kids and a neutral sofa sounds like an invitation to disaster, consider a darker color or a sofa with a subtle overall pattern.

As a rule, synthetic fabrics are more durable, colorfast and cleanable. Tightly woven fabrics and fabrics that are heavy will stand up to wear and tear better, as will leather. Avoid satins, brocades and damasks unless the sofa won’t get much use.

Source: https://www.houzz.com/magazine/things-you-need-to-know-about-buying-a-sofa-stsetivw-vs~11734542

Thinking about a home remodel but wondering which projects will give you the best return on investment (ROI)? While the most profitable upgrades vary by market, certain renovations consistently provide high returns. If you're planning to sell or simply want to increase your home's value, consider these high-yielding remodel projects as recommended by appraisers.

1. Garage Door Replacement
A garage door is one of the first things people notice about a home, making it a high-impact upgrade. Replacing an old or outdated garage door with a modern, energy-efficient model enhances curb appeal and can yield a significant ROI. Homeowners often recoup over 90% of their investment with this update.

2. Minor Kitchen Remodel
A full kitchen renovation can be expensive, but a minor remodel often brings a better return. Refreshing cabinets with new hardware, upgrading appliances, replacing countertops, and updating backsplashes can dramatically improve a kitchen’s appeal. A small yet strategic investment in your kitchen can provide an ROI of around 70-80%.

3. Fiber Cement Siding
New siding instantly transforms a home’s exterior, improving both aesthetics and durability. Fiber cement siding, in particular, is highly resistant to weather, pests, and fire. It requires minimal maintenance and significantly enhances energy efficiency, making it a favorite among buyers. This upgrade typically recoups about 65-75% of its cost.

4. Vinyl Window Replacement
Old, drafty windows can be a turnoff for buyers and a drain on energy efficiency. Replacing them with modern vinyl windows improves insulation and reduces utility costs. This cost-saving appeal often results in a return of around 70% of the initial investment, making it a smart remodel choice.

5. Wooden Deck Addition
Outdoor living spaces are increasingly desirable, and adding a wooden deck is a cost-effective way to expand your home’s usable space. A well-built wooden deck enhances outdoor entertainment potential and can bring an ROI of 60-70%. Choosing high-quality materials and thoughtful design can further boost its value.

Not all home renovations offer the same return, so focusing on high-impact projects is key to maximizing your investment. Whether you’re planning to sell soon or just want to boost your home's value for the long term, these remodels can help you get the best bang for your buck. Always consider your local market trends and consult with professionals to ensure you’re making the best choices for your home.

Buying a home is one of the biggest financial decisions you’ll ever make, yet many myths can make the process seem overwhelming or misleading. Let’s set the record straight on three common misconceptions about homebuying so you can navigate your journey with confidence!

Myth #1: Find the Home You Want First
It might seem logical to start your homebuying journey by searching for the perfect house, but this approach can lead to disappointment or frustration. The smarter move? Get pre-approved for a mortgage first! Knowing your budget upfront helps you narrow down your options and makes you a stronger buyer in a competitive market. Plus, sellers are more likely to take your offer seriously when they see you’re pre-approved.

Myth #2: Your Down Payment Must Be 20%
A 20% down payment is ideal, but it’s not a requirement. Many loan programs allow for much lower down payments. There are also down payment assistance programs and grants available for first-time buyers. Don’t let this myth hold you back from achieving homeownership sooner than you thought possible.

Myth #3: You Don’t Need a Home Inspection
Skipping a home inspection to save money or speed up the process can be a costly mistake. A professional home inspection helps uncover potential issues, such as structural damage, plumbing concerns, or electrical problems. Even in a competitive market, it’s worth negotiating time for an inspection to avoid unexpected expenses down the road.

Understanding the realities of homebuying can make your journey smoother and more successful. Don’t let myths hold you back. Stay informed and take the right steps toward homeownership with confidence!

New interior design trends sweep in every year, but not everyone can re-furnish or re-paint an entire home just to keep up. However, making small changes, like incorporating new colours, textures, or accent pieces, can spruce up your space and help you express your style and personality.

Now that you know what colours are officially “in” this year, as chosen by the top paint companies and Pantone’s colour experts, how can you incorporate a bit of these trendy shades into your home? We spoke with designer Maria Killam from Chilliwack, British Columbia, for her view on how you can use design trends to update your space in 2025. Killam is an acclaimed decorator, stylist, and author of two best selling eBooks: How To Choose Paint Colours and White Is Complicated.

Trend 1: Use vibrant colours in accent walls and décor items

Move over, muted neutrals. Killam expects richer, more vibrant colours to take centre stage in 2025. While stark white was all the rage for walls and kitchen cabinets, beige is back, she says.

“Things are warming up,” says Killam. “Brown is everywhere, and so is burgundy; we haven’t seen burgundy this big since the 1980s.”

Brown and burgundy can act either as a soft neutral or vibrant contrast. Consider bringing in these shades through accent pillows, cozy throws, or a new area rug to inject energy and inviting warmth into your living room. In the kitchen, install a few decorative wooden shelves for more storage and a pop of earthy colour.

Trend 2: Mix functional with decorative light fixtures

Lighting can double as functional art, so don’t be afraid to bring it into your home in less traditional ways.

“We’ve been doing the black and white trend for eight years, and now people want to warm up all the white boxy spaces,” says Killam. “To add a glow and make any living room better instantly, bring in four lamps—one for each corner. Get a white shade, not an opaque shade, otherwise no light can come through.”

Organic and curved shapes are right on trend for 2025, so invest in sculptural gourd-shaped lamps – available in a wide variety of materials and colours—to add interest, she adds.

“Buy them in a colour that matches your living room, and you’ll be so happy—you don’t even need any accessories on that end table if you have a beautiful gourd lamp,” she says.

Trend 3: Incorporate textures and natural elements into room designs

Biophilic design—bringing elements of nature into your living space—features plants, water features like fountains or aquariums, and natural materials like wood, rattan, jute, and more, to help transform your space into a soothing oasis.

Incorporating new textures into your home adds depth, and you can combine different ones—try mixing linen, stone, and wool. Maximize natural light by swapping out heavy curtains in favour of breezy sheers to flood rooms with sunlight. You may also want to add a large potted plant as a statement piece or create a living wall with pretty succulents.

Trend 4: Balance comfort with elegance in your bedrooms

For the new year, think comfort—balancing elegance with a soft, relaxed space you can retreat to. Consider sprucing up your bed with a cozy throw, for example, or treat yourself to a bold area rug that will feel warm underfoot during the winter.

In the market for a new duvet cover? Choose one in trendy jewel tones. You can also upgrade your bedside lamps here, too. Cool metallics like chrome, silver, and nickel will be huge in 2025, Killam notes, and are a great way to bring in some bling. But don’t skimp on the size.

“You need bedside table lamps that are bigger than the 10-inch ones you’ll find at big box stores. Get a 30-inch lamp that coordinates with your bedding,” she says.

Trend 5: Personalize your space with art

Using artwork to bring some life and depth to your walls isn’t a new concept. For 2025, we’re continuing to see gallery walls over single statement pieces. If you have a really large wall, you probably need six or seven pieces arranged in a gallery.

Consider mixing old with new by incorporating one or more retro accent pieces such as a mid-century curvy armchair or coffee table. Or, arrange some unique accessories like vintage books or vases when styling a shelf or fireplace mantel – these can add a splash of personality and nostalgia to any room. Try moving some of your existing pieces to another spot for a whole new look.

Above all, have some fun with trends that resonate with you. Don’t worry about experimenting with different ideas to create your ideal sanctuary.

Source: https://www.realtor.ca/blog/an-interior-designer-shares-5-ways-to-refresh-your-home-in-2025/37443/1367

For many Canadians, the start of a new year is a time for new resolutions. While eating healthier and getting more exercise still rank as the most common New Year’s resolutions in Canada, with both inflation and interest rates continuing to drop, more and more Canadians are making resolutions for 2025 that include the possibility of buying a home.

Will 2025 be a good time to buy a home?

For the past few years, high interest rates, increases in the cost of living, and political and economic worries have kept Canada’s housing market fairly flat (remember, the national housing market was even as “flat as a pancake” not too long ago). But with both mortgage rates and inflation now on their way down, 2025 is increasingly shaping up to be a busy market.

“I believe the first three months of 2025 will be one of the best times to buy in a very long time,” says REALTOR® Romey Halabi, founder of Toronto Realty Boutique in Toronto, Ontario.

In Toronto, Halabi says that will likely lead to something that hasn’t happened in “quite some time,”: a condo market that’s favourable to buyers simply because of the inventory that’s on hand.

Alan MacDonald, a Chartered Financial Analyst (CFA) and Senior Investment Advisor with RBC Dominion Securities’ MacDonald Advisory Team in Ottawa, Ontario, cautions even if prices fall, however, many Canadians will still be unable to afford to buy a home.

“Falling interest rates mean it’s easier to afford a larger mortgage, which typically draws more people into the real estate market,” MacDonald explains. “But one of the side effects of falling rates over the last 15 years has been an unprecedented boom in housing prices in Canada. So while falling rates should push more people into the market, the hurdle is there are fewer people who can afford to take the plunge.”

In addition, there will likely be a federal election in 2025, which could impact both home sales and prices.

“As we’ve seen in the past, federal elections can influence the housing markets, especially if they involve policy changes that promote affordability and impact demand and prices,” says Luisa Hough, a mortgage broker in Surrey, British Columbia, and co-founder of Verico Xeva Mortgage.

“But along with declining inflation, the predictions are to expect economic stabilization in 2025, which should increase consumer confidence and the housing market,” she adds.

Are you ready to become a homeowner?

The next question to ask yourself is whether you’re ready to become a homeowner. While individual circumstances vary, there are a few rules of thumb that can help you decide if this is the right time for you. For example:

• Are you ready to commit to living in one home for the next few years? If there’s a good chance you may need to move in six months, it’s probably not an ideal time to buy.

• Are your career and short-term plans fairly stable? Or are you thinking about making any big changes that could have an impact on your housing needs, personal situation, or income?

• If you’re currently renting, are you ready to take care of all the repairs, maintenance, and other tasks that come with owning a home?

• Perhaps most importantly, are you financially ready to own a home? Buying a home could be the biggest financial decision you ever make. Our affordability calculator can help you calculate your monthly housing costs and figure out how much you can afford to spend. Just remember to factor in all the expenses that come with homeownership, not just the mortgage payments. This includes things like condo fees, insurance, utilities, repairs and maintenance, and property taxes.

“When a buyer is thinking about buying a new home, their decision should be based solely upon their needs,” Halabi says. “An expanding family, marriage, moving to a new city, getting into a new school district—these are all life moments that may require a new home.”

For Hough, the “right time to buy” is less about what’s happening in the market, and more about your personal choices and circumstances.

“If you have the down payment, income, and are ready to make the move to being a homeowner, then it’s the right time to buy,” she says. “We can’t time any market. So as long as you’re in the position to purchase, the right time is when you’re ready.

“Real estate is generally not a short-term investment where you can try and time the market for one or two years,” she adds. “But if you stay invested in real estate long term, you can generally do well.”

When to contact a REALTOR® (and how they can help)

If you’ve resolved to become a homeowner this year, start your search for a local REALTOR® who will work best for you and your needs as early in the process as possible.

“It’s never too early to start working with a REALTOR®,” Halabi says. “They’re the first draft in your real estate team, as they can help connect you with a mortgage broker, lawyer, and anyone else you need.”

In addition to connecting you with their network of professionals, a REALTOR® can also answer any questions you may have, keep you informed about the latest ups and downs in the market, walk you through each step in the home buying process, and help you negotiate the best possible price for your new home.

If you don’t already have a REALTOR®, ask friends or family members for recommendations, or check out reviews of REALTORS® in your area online and through social media. You can also use our Find a REALTOR® tool to narrow your search down by location, languages spoken and areas of specialization.

“Getting the conversation going with a REALTOR® is the first step in educating yourself in how the process works” Halabi says. “Work with someone you actually like, because you’re going to be spending a lot of time together, and you want to ensure you’re comfortable being honest.”

What to do before you buy

If you decide you’re ready to buy, there are a few simple things you can do to make the home buying process as seamless as possible, and get the best possible deal on your new home. Your REALTOR® will help build a plan for your specific needs and timing, but you can always start with the basics. This includes:

• Make a list of your wants and needs in a home, so you know exactly what to look for. Do you want a single-family home, a townhouse or a condo? How many bedrooms or bathrooms? What other features are important to you?

• Identify which neighbourhoods you want to live in. If you’re thinking about moving to a new area, check out our Neighbourhood Guides or ask your REALTOR® for advice.

• Find out your credit score, and see what you can do to improve it if necessary.

• Use an affordability calculator to figure out how much you can afford to spend on a home, and create a budget to make sure you stay on track financially.

• Get pre-approved or pre-qualified for a mortgage so you’ll know in advance exactly what price range you should be looking at.

• Lastly, find out if you’re eligible for the Home Buyers’ Plan (HBP), GST/HST housing rebate, home buyers’ tax credit, or any other federal home buying programs and incentives. If you aren’t sure what these programs are or if you qualify, check with your REALTOR®.

“The first step I always recommend to my clients is to get their pre-approval, so you know how much you can afford,” Halabi says. “Next, decide what your top neighbourhoods are. Then make a list of your must-haves and nice-to-haves. When buyers are prepared and organized, they won’t get caught up in an emotionally charged decision.”

For Hough, getting pre-qualified for a mortgage is almost always the best first step to take.

“In my eyes, every buyer must get pre-qualified,” she says. “There’s a misconception on pre-approval vs. pre-qualification. There are similarities in both… [but] pre-qualification is a more formal process, where we ask for all the documentation and information upfront to ensure if there are any obstacles during the mortgage process, we can address them.

“Pre-qualification helps the borrower clarify their budget, strengthen their offer and speed up the subject-to-financing process,” she explains. “Getting pre-qualified early on can save time and stress for the borrower.”

Maximize your down payment

If you still have some time between now and when you’re planning to buy, try to save as much as you can for that all-important down payment. This will help maximize your chances of getting approved and getting the best possible rate on your mortgage.

If you don’t have enough saved up to afford the home you want, creating a budget can help you save more. You can also grow your down payment in the meantime by putting what you’ve already saved into a safe, liquid investment like a GIC or high-interest savings account, or temporarily investing your savings in an RRSP, TFSA, or the new First Home Savings Account (FHSA).

“Investments with a short time frame such as 12 months or less should be in savings accounts or cashable GICs,” MacDonald notes. “There are a number of providers that offer high interest bonuses to new accounts, so it’s worth doing a bit of shopping.

“Buyers who haven’t owned a home in the last four years should also take advantage of the FHSA, which lets you contribute up to $8,000 per calendar year,” he adds. “You get a tax deduction for each contribution and no tax payable when you use the funds to buy your first home. But unlike an RRSP or TFSA, the contribution room doesn’t carry forward if you don’t open an account.”

Additional considerations for first-time home buyers

If you’re a first-time home buyer, there are some additional things you may need to prepare. For instance, some first-time buyers aren’t aware of how long the home buying process can take.

“The home buying process length can differ from buyer to buyer,” Halabi explains. “I’ve had clients who are very open to one or two neighbourhoods who found a home in a couple weeks. But others who have more specifics on their must-have list could take longer.

“Most sellers ask for a 30 or 60-day close,” he adds. Meaning, the final transfer of ownership would take place either 30 or 60 days after the agreement is signed.

Depending on your budget, you may need to start with a smaller or more modest home for your first property. This can allow you to build both your equity and your experience, while still getting your foot on the first step in the property ladder.

Plus, don’t put yourself in a situation where you buy more home than you can realistically afford or maintain. While you may be tempted to stretch your budget to get a home that seems perfect, being “house rich, but cash poor,” can be a very stressful—and risky—way to live.

“For people who are currently renting, the mortgage payment may be close to what you pay in rent,” MacDonald says. “But there are all kinds of other expenses associated with homeownership, like taxes, insurance and upkeep. If you don’t have exact numbers, use 2% or 3% of the purchase price to estimate your added monthly ancillary costs. Then try living for six months as though you already own the home, to see if you can do it before you make the leap.”

The information discussed in this article should not be taken as financial or legal advice. This article is for informational purposes only.

Source: https://www.realtor.ca/blog/hoping-to-buy-a-home-in-2025-heres-what-you-need-to-know/37423/1363

Learn how to avoid common landscaping blunders and how to remedy the ones that may already be creeping into your yard.

Mistake: Not Recycling Your Fall Yard Waste
Fall yard projects tend to produce a good amount of waste; what a shame to let good waste go to waste.

Solution: Compost It
Instead of tossing out those fall leaves, branches, clippings and other debris from your fall clean-up, dispose of them in an eco-friendly way. Rent a shredder and turn them into mulch, and put lawn clippings back on the lawn — they are both great fertilizers. Better yet, create a compost pile or build a compost bin. Layer yard waste with food scraps and in no time you'll have rich fertilzer that didn't cost you a dime.

Mistake: Neglecting Curb Appeal
Never underestimate the power of curb appeal. A lot of homeowners put all of their energy into the backyard, but the front of the house is where first impressions are made.

Solution: Do These Three Things
There are three simple improvements you can make that make a big difference. Paint your door a contrasting color than the base color of your home, keep the grass trim and green and plant colorful flowers.

Mistake: Excessive Lawn Tchotchkes
People often make the mistake of putting too many decorative items in their yard, which can distract from the beauty of the natural landscape.

Solution: Be Selective
Before filling your yard with a gaggle of garden gnomes, ask yourself why you're putting it there and how it fits the context of your overall design and plant materials. Stick with one choice, even if it is a little silly. One whimsical statement goes a lot further than 10.

Mistake: Planting in the Wrong Place
Improper plant placement is another common mistake. People often do not take into consideration the needed sunlight and exposure for their plants.

Solution: Read the Plant Tag
Be sure to pay attention to the little tag that you get when you buy the plant. When it comes to planting trees, you need to remember how big they could get and how much space they are going to need. Also think about focal points — choose something that's going to look good year-round.

Mistake: Leaving Tools Out in the Elements
Let's be honest: Quality tools cost a pretty penny so leaving them out to ruin in the rain is like throwing money away. Plus, rusty shears will make uneven, dull cuts that can harm even healthy plants.

Solution: a Dedicated Storage Spot
Whether it's an organized corner in your garage or a standalone garden shed, storing expensive garden tools indoors will prolong their usefulness for many years to come.

For more tips, visit: https://www.hgtv.com/outdoors/landscaping-and-hardscaping/25-biggest-landscaping-mistakes-pictures

Interior designers share the top out-of-date details prospective buyers will spot first in a home, no matter what.

Refreshed and Ready to Sell
Whether you’re polishing up your home to sell or just want to enjoy some modern touches, dated decor can make a home seem stuck in the past.

“While some so-called ‘outdated’ items may be off-trend, if the current homeowner loves them, that’s what’s important,” says Jenny Williamson, chief creative officer at West Rose Design. While you don’t need to try every new decorating trend, "if you’re selling your home, it’s good to be aware of what will appear less than ideal for prospective homebuyers.”

Here are the dated features buyers always notice, according to our experts.

Wall-to-Wall Carpet
Although carpet was once very much in favor (even in bathrooms!) in the 1970s, these days, Williamson says, if there is carpet anywhere other than bedrooms, “it’s a no-go.”

“Newer homes typically never have a carpet delineation in shared spaces or wall-to-wall carpet everywhere, as seen in the ’70s and ’80s,” she says. “Carpet more easily traps dirt and debris and is not viewed as ideal when looking for a new home.”

Try Layering Rugs
But let’s say that replacing it isn’t within your current budget. In this case, Williamson recommends diverting focus by adding throw rugs over the carpet, creating a more layered look that will help separate spaces.

Popcorn Ceilings
Williamson says that while popcorn ceilings were certainly “all the rage” in the 1960s and '70s, today, they look totally outdated.

“They will be a clear turnoff for any new homebuyer, not only based on looks alone, but also for the health hazard — most popcorn ceilings installed before 1978 were installed with asbestos, a fiber that can increase the risk of several serious diseases and cancer,” Williamson says.

Corner Alcove Tubs
Corner alcove bathtubs were once a sign of an upscale primary bathroom, but according to Lindsie Davis, owner and principal designer of Blueberry Jones Design, they’re a thing of the past. Davis points out that these “trending beauties of the ‘90s” take up valuable floor space, often resulting in a smaller shower. And don’t even get us started on how hard these tubs are to clean and maintain.

Heavy Curtains
Sure, heavy curtains can keep light out, if that’s your goal, but nowadays, prospective homebuyers are all about natural light. A darker space can appear dated, Williamson notes, and heavy draperies won’t allow the maximum amount of light into a home.

Glass-Block Windows
Remember those glass-block windows that were the thing in the 1980s? Well, they might be fresh in your mind if they are currently residing in your home. Davis says these “clunky, cloudy bricks,” can take away from a spacious and airy feel — something that feels much more right-this-minute.

“Over time, these windows tend to collect dust, grime and not to mention soap scum if used in a shower area, which is never a great impression for a potential homebuyer,” Davis says.

Builder-Grade Lighting
Perhaps you moved into your home and never swapped out the existing light fixtures. This is an all-too-common move among homeowners, but more often than not, these lights eventually look out of date. Specifically? Williamson cites “ornate chandeliers” and the dreaded “boob lights” as ones that should be replaced.

Try Adding Lamps
But if you can’t replace old overhead lighting for one reason or another, Williamson recommends adding lamps at eye level to pull the eye away from the overhead lighting.

Tuscan Style
Everyone seemed to be clamoring for “Tuscan style” back in the 2000s, but in modern times, “Unless you live in Italy, having everything in your home reflect a rustic Tuscan style is incredibly specific and less than optimal,” Williamson says. The style can include things like wrought-iron fixtures, cherry cabinets, deep-colored accent walls and other ornate details, which will “divert attention away from the home’s other selling points,” Williamson says.

Old Paint
Davis believes that paint is essential maintenance for a home. Not necessarily speaking to trending colors, she says that simply a “good refresh and re-coat” will do wonders for your space.

Try a Fresh Coat
“A fresh coat of paint will keep your home feeling clean and energized and is a simple way to offer a great impression for prospective homebuyers,” she adds.

Old Wallpaper
In the same vein, old wallpaper should be avoided as well. Particularly, Williamson says that wallpaper with “borders or an outdated pattern” immediately dates a home. And she says that while some homebuyers might feel a pang of nostalgia for Grandma’s house, they likely don’t want old-fashioned wallpaper in their own house.

Try a Neutral Backdrop
“Replace it with a more modern take on wallpaper or remove it altogether for a neutral backdrop,” she advises. “Decorating is more than just aesthetics,” reminds Davis. “A well-designed home will help your life stay organized and efficient, which in return will create a calm and welcoming environment.”

Source: https://www.hgtv.com/design/decorating/design-101/dated-features-home-buyers-always-notice-pictures

Following holiday splurges, you may be looking for ways to save money. Did you know that with very little effort and often no additional investment, you can make changes around your home that save up to $1,500 annually? These tips will help you reduce your electrical, heating and cooling costs all year round.

Phantom Power
Phantom (or standby power) can account for up to 10% of your home’s energy use. The average Canadian household has 25 electronic devices that use phantom power, costing approximately $150 a year in wasted electricity (Hydro One). Unplug coffee makers, phone chargers, computers, etc. when they are not needed.

Toaster Oven
Toaster ovens use 50% to 70% less energy than a full-size oven and they won’t heat up the home to the same degree—a welcome relief on hot summer days.

Pitcher of water
Keep a pitcher of filtered water in the refrigerator to enjoy a refreshing sip without running the tap waiting for the water to get cold. This is also an economical alternative to bottled water.

Cold water wash
According to General Electric, an estimated 75% to 90% of all the energy your clothes washer uses goes to warming up the water. Cold water saves money and makes your clothes last longer. Typically, warm water is required only for bed sheets and items stained with sweat or blood.

Air drying
Dry your clothes on a rack or line when possible. This saves on electricity costs and extends the life of your appliance. Consider this: a basic dryer now starts at $725 with tax and will last about a decade depending on usage. If you do two loads per week, the true cost of each dry cycle is approximately $0.70 for the machine plus $0.55 for the electricity.

If you find your clothes feel stiff from air drying, add a few tablespoons of vinegar, Epsom salts, or baking soda to the wash.

Filters
Clean filters allow for better airflow and improved machine efficiency. Each time you use your clothes dryer, wipe out the filter first. Clean or replace the filter in your furnace according to the manufacturer's instructions.

ENERGY STAR appliances
When it’s time to purchase a new appliance, choose one with a high Energy Star rating. The rating is part of a voluntary partnership between the Government of Canada and industry to make high efficiency products visible to Canadians.

Water heater insulation
For as little as $6, you can reduce heat loss from your water heater. If the tank is electric, you can use polyethylene or neoprene foam pipe covers. If you have a gas water heater, your safest choice is fiberglass pipe-wrap (at least 1-inch thick) without a facing that is secured with either wire or aluminum foil tape (U.S. Department of Energy).

If the outside of your water heater tank feels hot, it is poorly insulated. For as little as $50, you can purchase an insulated foil wrap that will pay for itself within a year.

Ceiling fan
Since hot air rises and cool air sinks, a ceiling fan can reduce your heating and cooling costs. During the summer, set the fan to rotate counterclockwise to draw up cool air. During the winter, set it to rotate clockwise to distribute heat throughout the room.

Thermostat settings
Lowering your thermostat by one degree Celsius in the winter can save you $25 per month, depending on the size of your home. Enjoy similar savings raising the thermostat by a degree in the summer.

Drafts
If your home feels drafty, it may have leaks. Seal any cracks in window and door frames, walls, ceilings, and floors.

LED lightbulbs
According to the U.S. Department of Energy, the average household saves about $225 in energy costs per year by using LED bulbs compared to incandescent and they last up to 25 times longer. LEDs also last longer than florescent bulbs, which release toxic mercury when they break.

Bonus tip: Compost kitchen scraps

Compost your fruit and vegetable peelings in your garden. This feeds worms and vital microorganisms in your soil reducing the need for fertilizer. You will also reduce the amount of garbage you lug to the curb each week! 

Canada Greener Homes Grant money
If you wish to save even more, the Canada Greener Homes Initiative reimburses homeowners up to $600 for pre- and post-retrofit EnerGuide evaluations and offers grants ranging from $125 to $5,000. Eligible retrofits include home insulation, new windows and doors, solar panels, roofing membrane, etc. To learn more, visit the Natural Resources Canada website.

Source: https://www.sutton.com/blog/home-improvement/easy-ways-to-save-1-500-annually

As home prices and interest rates increased this year, some Canadian families are choosing to help their kids get a foothold in the real estate market. One of the ways they’re doing that is with gifted down payments.

A 2021 CIBC report said 30% of first-time buyers in Canada got a boost thanks to receiving money as a gift for a down payment on a home. James Harrison, Mortgage Broker at Mortgages.ca estimates that, in some markets, that number is a lot higher, with gifts ranging anywhere from $10,000 to more than $1 million. There is no limit to the amount that can be gifted.

“At least two-thirds of my clients are getting a gift of some amount,” he says. “Parents just want to help their kids buy, with the goal often being a 20% down payment.”

According to the CIBC report, in 2015, the average Canadian gift was $52,000. In 2021 it was $82,000. Gifts in Vancouver lead with the highest average in Canada, clocking in at $180,000, and Toronto a close second at $130,000.

What are gifted down payments?
A gifted down payment is exactly what it sounds like: a monetary gift from a parent, grandparent, sibling, or other close relative, towards the purchase of a home. It isn’t a loan; it’s non-repayable. The person doing the giving should have zero expectations of getting that money back, and will often be asked to sign an agreement to that effect.

How are gifted down payments different from co-signing?
When you give a gift, you don’t own any part of the property, but you also don’t assume any of the risk. If you co-sign, you are on the title—and 100% liable if the homeowners default on their mortgage. Co-signing can also impact your ability to borrow: whatever amount you have co-signed for will look like you borrowed it yourself.

Do gifted down payments have any impact on a mortgage approval?
No. Your income determines the max you qualify for, and the down payment is on top of that. Of course, the more of a down payment you have, the less you’ll need to borrow. So if you only qualify for a smaller loan, a gift can help you buy something bigger than you could otherwise afford.

“A gift can also get you from an insured purchase (less than 20% down) to a conventional one,” says Harrison. “Insured only gets you a max 25-year amortization, with strict debt ratios. But with 20% or more down, you could potentially qualify for a 30-year amortization with more give on the ratios. That can make a big difference in the total mortgage you qualify for.”

What are the rules around gifted down payments?
Everyone needs to sign a mortgage gift letter (each lender has their own template). Harrison says you must also provide proof that the gifted funds have been deposited into your account, and they should be there no later than 15 days before closing. For funds coming from outside Canada, lenders want to see those in your (Canadian) account 30 to 90 days before closing.

Depending on how gifted funds are used in the transaction, there may also be obligations to comply with Canada’s anti-money laundering laws, according to Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC). For example, if the gifted funds are provided directly to the REALTOR®, the REALTOR® would have an obligation to verify the identity of the individual providing the funds.

Can we use borrowed funds to gift money to our kids?
Yes, you can. However, it’s probably not as common as you think: only about 5.5% of gifting parents use debt to finance gifting. If you’re considering using your line of credit, just be careful about your debt load, especially if you’re looking to retire anytime soon.

Are there any tax implications to gifting a down payment?
In Canada, gifted down payments aren’t taxed. Immediate family members can provide the gift without either side being on the hook taxwise. Of course, it’s always prudent to check with a tax professional for info pertaining to your specific financial situation.

That being said, Harrison suggests to his clients they consider protecting the gift in the event the recipient splits from their partner. Otherise, half your gift could end up with the departing spouse/partner.

Getting into the real estate market can provide plenty of benefits, like housing stability, an investment opportunity for yourself, and numerous social benefits. Helping your immediate family members with a down payment, if you’re able to, can be a great way to get them into the market so they can begin their homeownership journey.

The information discussed in this article should not be taken as financial or legal advice. This article is for informational purposes only.

Source: https://www.realtor.ca/blog/everything-you-need-to-know-about-gifted-down-payments/34688/1363