Buying and Selling at the Same Time? You’re Not Alone.

You want to scale up or scale down. Either way, you're not just doing one real estate transaction — you’re doing two.

And that? That’s a juggling act that most people are never properly prepared for.

The Real Problem Isn't What You Think

Most of the people I speak with assume the problem is:

• Not enough listings. (Really means nothing has caught your eye)

• Prices are too high. (What’s available isn’t worth the asking price to you).

• It’s a bad time to move. (There’s a lot going on in your life or what’s available isn’t worth the effort required).

But the real issue? No one showed you how to move smart.

3 Shifts That Make All the Difference

1. Sequence Over Speed 💡
Trying to buy and sell “at the same time” is chaos. You need a sequence: sell with a flexible closing, secure a short-term rental if needed, or leverage your financing to buy first.

2. Financing Isn’t Just Mortgage Rates 💰
Have you reviewed your home equity options? Talked to a broker about bridge loans or HELOCs? A solid financial strategy changes everything.  (Side note: at the time of this blog there is still the threat of tariffs and navigating new trade agreements and interprovincial trade barriers).

3. Clarity = Confidence 🧠
If you’re not sure what you want in your next home, how will you know when you find it? My workbook walks you through how to define your “right size.”

Want to See How It All Comes Together?

I created a free guide, House-ology’s Right Sizing.  You can download it here house-ology.ca/right-sizing.html

If you're thinking of moving, let’s talk strategy before you make a mistake that costs you time, money, or peace of mind.

Michelle ✌🏾

“More Than Space: What’s Driving Your Next Move?”

🔎 Space Is the Excuse, But Not the Reason

Most people think they’re scaling up because they’ve “outgrown” their condo. But that’s not the full story. You’re not just craving square footage—you’re craving a lifestyle that reflects where you’re going, not where you started. Maybe your kids need outdoor space. Maybe your in-laws are staying longer. Or maybe you just want to exhale without hearing your neighbour’s microwave beep. Whatever it is, it’s not just a move—it’s a milestone.

🧠 Emotional Clarity = Strategic Clarity

The truth is, most bad real estate decisions happen when we skip the emotional work. If you don’t know what emotion is driving your move—whether it’s anxiety, guilt, aspiration, or pure exhaustion—then you’ll look at listings that don’t align with your life. I often see buyers misread their motivation and end up with homes that impress on paper but underwhelm in real life. Clarity upfront saves chaos later.

📈 Your Finances Should Match Your Future

Scaling up isn’t about pushing your max pre-approval. It’s about investing in a home that will meet your family’s next 5–10 years. Does it support the commute you're about to have? The new school you're eyeing? A second income stream like a rental suite? If your budget doesn’t reflect your future goals, you’re just decorating a detour.

🗝️ Choose Your House Like You’d Choose Your Life

A house is not a status upgrade—it’s a lifestyle structure. When you begin with that in mind, the filters you use shift. A mudroom might matter more than a formal dining room. Proximity to trails may beat proximity to downtown. You stop searching with a list of rooms and start searching with a list of needs.

💡 Consider This:

• Is your “why” based on discomfort or desire?

• Are you buying a home for your future self—or for your current stress?

• Could renting for 6 months help you buy smarter?

✅ Mini Checklist:

• Write down 3 non-negotiables for your next chapter

• Define your real lifestyle needs vs. wish list

• Review your mortgage pre-approval in light of long-term changes

• Journal how you want to feel in your next home—start there

You don’t need to have it all figured out today.
You just need to be clear enough to make choices that align with your life—not your pressure.

Talk soon,
Michelle Babb, Broker of Real Broker Ontario
House-ology™ | Simultaneous Moves, Simplified™
Book a 15-Min Clarity Call →

With the Canadian election quickly approaching -on Monday April 28, 2025 I thought I would provide some quick links as this is a monumental vote which will steer us forward. Canadians will vote for the next Prime Minister to hold the position for the next 4 years.

If you are looking to understand the position of each  parites I’ve gathered some links to help you make your decision you can check these out. 

https://newsinteractives.cbc.ca/features/2025/federal-party-platforms/#intro

https://www.ctvnews.ca/federal-election-2025/party-platforms/

To be eligible to regiter and vote you need to be;

• a Canadian citizen

• 18 years old on election day

• Prove your identity

Federal Election FAQs https://www.elections.ca/content2.aspx?section=reg&document=index&lang=e

For Online Registration https://ereg.elections.ca/en/ereg/index

ID Required to Vote https://www.elections.ca/content2.aspx?section=id&document=index&lang=e

Registered Political Parties https://www.elections.ca/content.aspx?section=pol&dir=par&document=index&lang=e

Where to Vote https://www.elections.ca/Scripts/vis/FindED?L=e&QID=-1&PAGEID=20

Electoral District maps https://www.elections.ca/map_01.aspx?w=1&section=res&lang=e&t=06_ON

I hope this information helps you know where to vote so we can all do our part.  You are a part of history and I personally look forward to Canada stepping into its greatness.

#canadianelection2025, #canadianelectioncandidates #markcarney #pierrepoliviere #daniellesmith #interprovincialbarriers #babbsinthecity #house-ology

The ongoing trade tensions between Canada and the United States can leave many feeling uneasy. Since the U.S. is our largest trading partner, any disruptions could make everyday life more expensive. But don’t worry! There’s a silver lining, and you have more control than you might think. Let’s dive into practical steps you can take to weather the storm while continuing to enjoy life. Here’s how:

1. Reassess Your Finances 💰

Now is a great time to take a closer look at your spending. Review your budget and identify areas where you can cut back. Maybe cook at home more often instead of dining out, cancel unused subscriptions, or explore local resources like the Toronto Public Library. Opting for a staycation instead of an international trip can also save money. Small adjustments can add up, giving you a financial cushion in case prices rise.

2. Diversify Your Investments 📈

If you have stocks or investments, assess how much exposure you have to U.S. markets. Consider exploring other industries, technologies, or international markets based on your risk tolerance. A financial advisor can help tailor a strategy that aligns with your goals and comfort level, ensuring you're prepared for any changes in the economy.

3. Support Local Businesses 🏡

When you buy locally or Canadian-made products, you’re not just supporting your community but also reducing your reliance on imports. Shop at farmers' markets, independent retailers, and explore Canadian brands. You might discover your new favorite coffee roaster or clothing line while helping the local economy thrive.

4. Increase Home Energy Efficiency 🌱

Energy costs could rise due to trade tensions, so it’s a great idea to make your home more energy-efficient. Simple changes like sealing windows and doors, using a programmable thermostat, or switching to LED bulbs can help lower your utility bills. These adjustments are good for both your wallet and the environment!

5. Get Creative with Groceries 🥕

If imported foods become pricier, try local alternatives. Canada has an abundance of seasonal produce, so swap out imported fruits for local apples, pears, mushrooms, and cabbage. You can also explore plant-based proteins like lentils and beans. Experimenting in the kitchen might lead you to discover a delicious new recipe that’s both affordable and healthy!

6. Stay Informed 📰

Understanding how a trade war might affect your life can help you make better decisions. Follow trusted news sources, seek information beyond your usual bubble, and listen to experts with different viewpoints. Engaging with your community and having open conversations will help you stay grounded and confident during uncertain times.

7. Focus on Joy & Resilience 🌟

A trade war brings challenges, but it doesn't have to steal your joy. Look at the lessons learned from the pandemic, where we discovered the importance of family, health, and community. Spend time with loved ones, explore Canada’s natural beauty, and focus on your physical and emotional health. Finding happiness in the present moment will help you stay resilient and hopeful.

8. Remember: You’re Not Alone in This Journey ❤️

At House-ology, we specialize in helping you find homes you love, even during uncertain times. 🌟 Book your FREE strategy call today to discuss how you can navigate these challenges while still enjoying life.

Book a Free Strategy Call

• #House-ology

• #BabbsInTheCity

• #CanadaStrong

• #ShopLocalCanada

• #CanadianLiving

• #TradeWarSurvival

• #FinancialTipsCanada

• #SupportLocalBusinesses

• #CanadianMade

• #SaveMoneyCanada

• #StayInformedCanada

What Would Happen to Toronto Real Estate Prices If the U.S. Imposes 25% Tariffs on Canada?

In recent news, U.S. President Donald Trump has threatened to impose a minimum 25% tariff on Canadian goods by February 1, 2025. But how will this affect Toronto’s real estate market and everyday Canadians? Let's break it down.

Canada’s Economy and the U.S. Connection 🔗

Canada’s economy is tightly linked to the United States. Industries like automotive parts, oil and gas, pharmaceuticals, technology, agriculture, and construction materials rely heavily on the U.S. market. This deep connection means that trade disruptions can ripple through many aspects of our lives, from personal expenses to business operations.

How Does This Affect You? 🤔

It’s time to assess your position:

• Your job and industry: Are you in a service-based role? Have you noticed any decrease in clients or sales? How will your job be affected by this?

• Company positioning: How resilient is your business to tariffs? Are there new opportunities or challenges that your company is facing??

• Side hustles and networking: This could be the perfect time to up-skill, network more, or consider expanding your side hustle.  Do you have a hobby? A skill that is transferrable that you can market? Do you have capacity in on the weekends or weeknights? 

The Toronto Real Estate Market: What to Expect 🏙️

• Mortgage Renewals: Many are already renewing mortgages at higher rates, and some are defaulting on payments. How much time remains in your mortgage? What is your current renewal rate? How will the rates increase or decrease your payments?

• Low Condo Starts: Toronto has the lowest sales in decades, and detached homes are seeing fewer sales. Currently with the trade war, interest rates, consumer confidence and 

• Buyer’s and Balanced Market: In certain parts of the city, we’re seeing a buyer’s market, while other areas remain balanced. This could shift depending on the tariffs’ effects. At the time of this blog - April 2025 - 

As the Bank of Canada looks to lower interest rates, inflation may rise, making mortgage and rental payments more expensive. Those who are struggling financially may need more guidance, and I’m creating a Power of Sale guide for those facing challenges.

Impact on Construction and Everyday Expenses 🛠️🍅

• Higher Construction Costs: Tariffs will likely increase the price of construction materials, making new builds and renovations more expensive. This cost will inevitably be passed to the end user—YOU.

• Rising Grocery Bills: With much of our fresh produce, like oranges, tomatoes, and beef, coming from the U.S., expect food prices to climb.

• Commuting Costs: Gas prices will likely rise, increasing commuting and travel costs. 🚗

A Weaker Canadian Dollar and Less U.S. Goods 💸

• Currency and Goods: A weaker Canadian dollar could make U.S. goods more expensive, and we might see fewer American products on store shelves.

• Reduced Investment: With growing uncertainty, investments in real estate may slow down, impacting the market even further.

Pros and Cons of the Trade War ⚖️

While a trade war might sound daunting, there are some potential positives:

• Increased local spending: Canadians might focus more on supporting local businesses and helping their neighbors.

• DIY Solutions: With higher costs, people may delay big purchases, choose DIY projects, or reduce waste.

• Community-Focused Innovation: The challenges could foster a spirit of creativity and innovation in Canada, just like how DeepSeek AI emerged from necessity.

However, the cons cannot be ignored:

• Higher cost of living: Many Canadians are already struggling, and the trade war could make life even more expensive.

• Job losses and business struggles: Various sectors could face layoffs and closures, affecting both large and small businesses.

It’s a mixed bag, but being prepared and adaptable can help mitigate potential downsides.

Let’s Talk Real Estate 📞

At house-ology, we specialize in helping people find homes they love, even during uncertain times. Book your FREE Strategy Call today to discuss how we can navigate these challenges together.

Book a Free Strategy Call

• #TorontoRealEstate

• #EtobicokeProperties

• #CanadianRealEstate

• #OntarioHomes

• #CanadaTariffs

• #TorontoLife

• #RealEstateTrends

• #TariffImpact

• #SupportLocalToronto

• #Houseology

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

PART ONE: WHAT TO DO WHEN YOU INHERIT A HOME IN TORONTO CANADA: 10 TIPS YOU NEED TO KNOW

Inheriting a home from a loved one can be a mixed blessing. On one hand, you may feel grateful and honoured to receive such a valuable asset. On the other hand, you may feel overwhelmed and confused by the legal, financial, and emotional implications of inheriting a property.

If you are in this situation, you may be wondering what to do next. How do you deal with the inheritance tax, the probate process, the maintenance costs, and the potential conflicts with other heirs? How do you decide whether to keep, sell, or rent out the inherited property?

To help you navigate this complex and sensitive issue, we have compiled 10 tips that you need to know when you inherit a home in Ontario, Canada. These tips will help you understand your options, avoid common pitfalls, and make the best decision for your situation.

Tip 1: Seek professional advice

The first thing you should do when you inherit a home is to seek professional advice from a lawyer, an accountant, a realtor, and a financial planner. These experts can help you understand the legal, tax, and financial implications of inheriting a property, and guide you through the necessary steps and paperwork. They can also help you avoid costly mistakes and protect your interests.

Tip 2: Probate the property

Probate is the legal process of validating the will of the deceased person and distributing their assets according to their wishes. If the inherited property is part of the estate, you will need to probate it before you can take ownership of it. Probate can take several months or even years, depending on the complexity of the estate and the presence of any disputes or challenges. You will need a lawyer to help you with the probate process, and you may have to pay probate fees and taxes.

Tip 3: Understand the inheritance tax

Contrary to popular belief, there is no inheritance tax in Canada. However, there may be other taxes that apply to the inherited property, such as capital gains tax, income tax, and property tax. Capital gains tax is the tax you pay on the difference between the fair market value of the property at the time of death and the adjusted cost base of the property. Income tax is the tax you pay on any income generated by the property, such as rent or interest. Property tax is the tax you pay on the value of the property, which varies by municipality. You should consult an accountant to determine your tax liability and plan accordingly.

Tip 4: Decide what to do with the property

Once you have completed the probate process and settled the tax issues, you will need to decide what to do with the inherited property. You have three main options: keep it, sell it, or rent it out. Each option has its pros and cons, and you should weigh them carefully before making a decision.

• Keep it: If you decide to keep the property, you will have to pay for the ongoing costs of ownership, such as mortgage, insurance, maintenance, and utilities. You will also have to deal with any emotional attachment or sentimental value that the property may have for you or your family. However, keeping the property may also have some benefits, such as providing you with a place to live, a vacation home, or a family legacy.

• Sell it: If you decide to sell the property, you will have to pay for the costs of selling, such as commission, legal fees, and staging. You will also have to deal with the market conditions, the timing, and the potential buyers. However, selling the property may also have some benefits, such as providing you with a lump sum of cash, freeing you from the responsibilities of ownership, and allowing you to move on with your life.

• Rent it out: If you decide to rent out the property, you will have to pay for the costs of renting, such as repairs, advertising, and property management. You will also have to deal with the tenants, the rental income, and the landlord-tenant laws. However, renting out the property may also have some benefits, such as providing you with a steady source of income, increasing the value of the property, and diversifying your portfolio.

Tip 5: Communicate with other heirs

If you are not the only heir of the property, you will have to communicate with the other heirs and reach an agreement on what to do with the property. This can be a challenging and delicate task, especially if there are conflicting interests, expectations, or emotions involved. You should try to be respectful, transparent, and cooperative with the other heirs, and seek mediation or arbitration if necessary. You should also consult a lawyer to ensure that your rights and obligations are clear and fair.

I hope you found these first 4 tips helpful. Stay tuned for Part 2!

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

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

#house-ology #babbsinthecity #moveupbuyers #downsizers #rightsizing #inherited homes #etobicokeproperties #mississaugaproperties #sellingchildhoodhome #ontariorealestate

**Choosing the Perfect Paint Colors in 2024 to Sell Your Home: A Guide with a Splash of Humor**

So, you've decided to sell your home in 2024. Congratulations! Now, you’re faced with the daunting task of choosing the right paint colors to attract potential buyers. Fear not, dear reader, for I am here to guide you through this colorful journey with a mix of practical advice and a sprinkle of humor. After all, why not have a little fun while preparing to sell your beloved abode?

1. The Neutral Zone: Safe, Yet Stylish
Neutral colors are like the jeans of the paint world—reliable, versatile, and universally loved. Think shades of beige, gray, and off-white. These colors create a blank canvas that allows potential buyers to envision their own style. Plus, neutrals are like Switzerland; they stay out of conflicts. No one ever walked into a beige room and thought, “This paint color is so controversial!”

2. Fifty Shades of Greige: But Not That Kind

In 2024, "greige" (a chic blend of gray and beige) has become the darling of the real estate market. It’s sophisticated, modern, and pairs well with almost anything. From light dove gray to deeper

charcoal, there’s a shade for every room. Just remember, the goal is to sell the house, not to reenact a certain steamy novel. Keep it classy, folks.

3. Blue is the New Black
Blue is a color that exudes calmness and tranquility. It’s perfect for bedrooms and bathrooms where you want buyers to feel relaxed and at peace. Soft blues can make spaces feel larger and more inviting. Just avoid anything too bold, unless you’re specifically marketing to Smurf enthusiasts.

4. The Kitchen Dilemma: Warm and Inviting
The kitchen is often the heart of the home, so choose a color that makes it feel warm and inviting. Soft yellows, light greens, and even some muted reds can work wonders. Imagine a buyer walking into your kitchen and feeling like they’ve stepped into a Food Network show. Just don’t go too wild—nobody wants to feel like they’re cooking in a neon sign.

5. The Bathroom Spa Effect

When it comes to bathrooms, think spa-like serenity. Soft, light colors such as pale blues, seafoam greens, and crisp whites work wonders here. You want buyers to walk in and feel like they’ve entered a high-end resort, not a neon-colored nightclub.

6. Accent Walls: The Pop of Personality
While neutrals are your best friends, a well-placed accent wall can add a pop of personality without overwhelming potential buyers. Choose a wall in the living room or bedroom and paint it a deeper shade that complements the neutral tones. It’s like the statement necklace of home decor—just the right amount of flair.

7. Exterior Curb Appeal: First Impressions Matter
The exterior of your home is the first thing buyers see, so make it count. Classic colors like white, gray, and navy blue are safe bets. If you’re feeling adventurous, a cheerful front door in a bright color like red or yellow can make your home stand out in a good way. Think of it as the cherry on top of your real estate sundae.

8. Testing, Testing: Before You Commit
Before you dive in and start painting like Picasso, test your chosen colors on small patches of the walls. Colors can look vastly different depending on the lighting and time of day. It’s better to spend a little extra time now than to end up with a house that looks like a giant Easter egg. Remember, patience is a virtue—and it can also save you from some serious buyer side-eye.

In the end, choosing the right paint colors when selling your home in 2024 is both an art and a science. Stick to neutral, calming shades with a few well-placed pops of color, and you’ll create a space that appeals to a wide range of potential buyers. And most importantly, have a little fun with it. After all, it’s not every day you get to transform your home into a buyer’s dream!

P.S.  Here are a few more links for inspiration

https://www.dulux.ca/diy/colour/2024-colour-decor-trends

https://www.benjaminmoore.com/en-us/paint-colors/color-of-the-year-2024

https://www.sherwin-williams.com/en-ca/colour#/en-ca/colour/active/color-wall/section/sherwin-williams-colours

https://www.farrow-ball.com/ca/paint/signature-palette

Happy Painting!