Trade tensions with the U.S. can make everyday life feel unpredictable, especially when prices start to rise. But you have more power than you think! As Canada’s relationship with its largest trading partner shifts, you can still live well, support your community, and protect your finances. Here’s how Michelle Babb and the House-ology Method guide you through uncertain times:

1. Revisit Your Finances
Take a fresh look at your spending and prioritize what matters most. Simple swaps—like home-cooked meals, local experiences, and cutting unused subscriptions—can free up cash and build your financial resilience.

2. Diversify Your Investments
If you have investments, check your exposure to U.S. markets. Consider other sectors or global opportunities that align with your risk comfort. A trusted advisor can help you craft a strategy that fits your goals.

3. Shop Local, Support Canadian
Every dollar spent at a Canadian business strengthens our economy. Explore farmers’ markets, independent shops, and homegrown brands—you’ll discover new favorites and keep your community vibrant.

4. Boost Home Energy Efficiency
Rising costs make now the perfect time to seal windows, upgrade to LED bulbs, and use programmable thermostats. These small changes can lower bills and lighten your environmental footprint.

5. Get Creative with Groceries
If imported foods get pricier, embrace Canadian produce and plant-based proteins. Experimenting in the kitchen can lead to affordable, healthy, and delicious meals.

6. Stay Informed and Connected
Knowledge is power. Follow reliable news sources, engage in community discussions, and stay open to new perspectives. This helps you make confident decisions, no matter the headlines.

7. Focus on Joy and Resilience
Remember the lessons from recent years: family, health, and community are priceless. Spend time with loved ones, explore Canada’s natural beauty, and nurture your well-being.

8. You’re Not Alone—We’re Here for You
The House-ology Method is designed to help you find homes and build a life you love, even in uncertain times. Book your FREE strategy call with Michelle Babb today and let’s navigate this journey together.

• #MichelleBabb

• #HouseologyMethod

• #ShopCanadian

Part Two: What To Do When You Inherit A Home In Toronto Canada: 10 Tips You Need To Know Continued...

Tip 6: Update your estate plan

Inheriting a property can have a significant impact on your own estate plan. You should review and update your will, your beneficiaries, your power of attorney, and your trust, if applicable. You should also consider the implications of inheriting a property on your spouse, your children, and your other heirs. You should consult a financial planner and a lawyer to help you with your estate planning and ensure that your wishes are respected.

Tip 7: Inspect and appraise the property

Before you decide what to do with the property, you should inspect and appraise it to determine its condition and value. You should hire a professional home inspector to check the property for any defects, damages, or safety issues, and provide you with a detailed report. You should also hire a professional appraiser to assess the property for its fair market value, based on its location, size, features, and comparable sales. These steps will help you make an informed and realistic decision about the property.

Tip 8: Declutter and clean the property

Whether you decide to keep, sell, or rent out the property, you should declutter and clean it to make it more comfortable, attractive, and functional. You should sort through the belongings of the deceased person and decide what to keep, what to toss, and what to donate. You should also hire a professional cleaning service to deep clean the property and remove any dirt, dust, or odors. These steps will help you honor the memory of the deceased person and prepare the property for its next use.

Tip 9: Renovate and stage the property

If you decide to sell or rent out the property, you should consider renovating and staging it to increase its appeal and value. You should hire a professional contractor to make any necessary repairs or improvements to the property, such as fixing the roof, updating the kitchen, or painting the walls. You should also hire a professional stager to decorate and furnish the property, such as adding curtains, rugs, or plants. These steps will help you attract more buyers or tenants and get a higher price or rent for the property.

Tip 10: Enjoy the property

If you decide to keep the property, you should enjoy it and make the most of it. You should use the property as your primary residence, your secondary home, or your family retreat. You should also invite your friends and relatives to visit and share the property with you. You should celebrate the life and legacy of the deceased person and cherish the memories and experiences that the property offers you. This will help you cope with your loss and appreciate your inheritance.

Conclusion

Inheriting a home in Toronto Canada can be a complex and emotional process, but it can also be a rewarding and beneficial one. By following these 10 tips, you can make the best decision for yourself and your family, and handle the inherited property with confidence and ease.

Remember at House-ology we Pair People With Houses They Love so book your FREE STRATEGY CALL

https://calendly.com/babbsinthecity/real-estate-chat-15

#house-ology #babbsinthecity #probate #inherited homes #etobicokeproperties #mississaugaproperties #sellingchildhoodhome #ontariorealestate #house-ology

Revamped Blog Post: Choosing the Right Mortgage and Mortgage Agent

Congratulations! Deciding to become a homeowner is a major milestone. While the mortgage process can seem confusing and overwhelming, following these steps will help you choose the right mortgage and mortgage agent for a successful experience.

Step 1: Get a Real Mortgage Approval

Before you apply, take an honest look at your finances. Don’t buy a home to impress others or keep up appearances. Know what you owe, what you own, and how much you’ll need to borrow. Understanding your true affordability is essential so you can handle unexpected expenses down the road.

Gather your tax returns, employment letters, and a list of assets and debts before meeting with a mortgage agent or broker. This preparation ensures a smoother application process and more accurate results.

Step 2: Choose the Right Mortgage Program

Mortgages come in many forms. Consider your financial situation and long-term goals when selecting a mortgage type:

• Fixed Rate Mortgage: Interest rate and payments stay the same for the term (1-10 years). Ideal if you plan to stay in your home for over 5 years and want predictable payments.

• Adjustable Rate Mortgage (ARM): Rates and payments can change during the term (typically 3-5 years). Suited for those comfortable with some risk or planning to move within a few years.

• Combination Rate Mortgage: Offers both fixed and adjustable periods. Good for managing interest rate risk and taking advantage of both short- and long-term rates.

• Line of Credit: Flexible borrowing, paying interest only on what you use. Useful for renovations, education, or debt consolidation.

Step 3: Mortgage Submission and Approval

Once you’ve chosen a mortgage, submit your application and supporting documents. Your mortgage associate will handle the approval process and review your commitment. Make sure to provide any additional documents requested by the lender within 10 days of approval.

Step 4: Legal Review and Closing

Your mortgage associate will send instructions to your lawyer, who will review the terms and conditions with you. Double-check all details before signing. Be prepared to pay closing costs with a bank draft and provide proof of insurance.

Specializing in simplifying simultaneous moves. Book your FREE STRATEGY CALL to get started!

• #MortgageTips

• #MichelleBabb

• #MoveUpBuyers

• #Downsizing

• #EtobicokeRealEstate