Adam Campbell

Establishing a great working relationship is built on trust. Great service and results is what I deliver in order to build on those relationships.
 
My “goal or mission statement” in real estate, has always been to become a trusted advisor to each and every client or customer while providing exemplary services.
 
My “experience” has shown me that people will always return if they have been treated fairly and honestly and have been provided with a great buying or selling experience.
 
“My reputation” was built on providing a very positive and financially beneficial experience for all of my clients, and especially in challenging markets.  
 
“My Advice”, if a move is in store for you, this is certainly the market to downsize and also the opportunity for many to reduce debt.
 
My Forecast and why sell now? Sales are already well below normal levels, listing inventory is quickly picking up and many current sellers are now price reducing their listings in record numbers. The spring market will see lower prices and lots of listings coming to the market. Sellers still have a window of opportunity, but it will close, and my recommendation for anyone who is considering selling their home would be to try and sell in the fall if possible or very early into the new year.  
 
Please feel free to reach out to me anytime for assistance or if you have any questions about the market.  
 
Adam Campbell
Email: adam.campbell@royallepage.ca or website: www.adamcampbell.ca
 
 
My “goal or mission statement” in real estate, has always been to become a trusted advisor to each and every client or customer while providing exemplary services.
 
My “experience” has shown me that people will always return if they have been treated fairly and honestly and have been provided with a great buying or selling experience.
 
“My reputation” was built on providing a very positive and financially beneficial experience for all of my clients, and especially in challenging markets.  
 
“My Advice”, if a move is in store for you, this is certainly the market to downsize and also the opportunity to for many to reduce debt.
 
My Forecast and why sell now? Sales are already well below normal levels, listing inventory is quickly picking up and many current sellers are now price reducing their listings in record numbers. The spring market will see lower prices and lots of listings coming to the market. Sellers still have a window of opportunity, but it will close, and my recommendation for anyone who is considering selling their home would be to try and sell in the fall if possible or very early into the new year.  
 
Please feel free to reach out to me for assistance or if you have any questions about the market.  

SOUND ADVICE FROM A SEASONED PROFESSIONAL

The latest economic forecast has the economy continuing to grow which is the fuel for inflation. Now, with another one or two interest rate hikes projected and quite probable on our horizon; how is this going to affect the real estate markets moving forward?

Sales have been somewhat brisk for the first half of the year mainly due to the FOMO (Fear of Missing Out) factor and the continuing low inventory of new listings coming to market. With the economy still growing, high inflation and the potential for further interest rate increases, the timing for those who are  considering selling a home is currently ideal.

For those considering buying a home, one might proceed positively, but cautiously, in order to find the right opportunities and the best available value for your money. Involving yourself in a bidding war and paying over a sellers ask is now getting a lot riskier, should the market correct and/or house values become softer. No one wants to get caught paying too much for a home, where if a correction in the market should happen, that the mortgage could possibly end up being more than the value of the house purchased.

Buying a home over a seller’s asking price in an economic climate where interest rates are quite possibly going to continue to rise and with house values already out of reach for many, it is strongly advised that a prudent buyer(s) work together with a knowledgeable professional who is ‘well experienced in these markets’, and who can properly advise on what, and where, the best opportunities are.

Additionally, a lot of homeowners are soon going to be facing upcoming renewals on their mortgages. For anyone with a variable rate mortgage, renewals may become quite painful as the monthly costs to carry the same exact balance will likely increase anywhere from 10-30%. Many with fixed rate mortgages will also face higher monthly service costs of 10-20% upon renewal as well. This has become a prime motivational factor for many to consider selling their current homes, utilizing their equity gains of the last few years, and repositioning their priorities into something more practical and affordable.

Selling in this market while prices remain high would be a very wise decision. As affordability is already a key issue for many potential homebuyers, and with more interest rate increases likely in the forecast, this could quite likely be the beginning of the end for our seller’s market as we know it.

Finding the right realtor is easy if you know where to look. I am easily reached through email at adam.campbell@royallepage.ca  or directly at 905-334-1208
 

If sitting on some cash or have investments in the stock market that are not performing well, then yes. Purchasing or owning an investment property carries many benefits and can put your well earned money to even better use.

The 3 major advantages of owning an investment property is that your loan is being paid down by someone else (your tenant), you benefit from the increased value of your property over time without you paying the mortgage and lastly, you will likely see a small excess over your costs, setting up a revenue stream for your future.

By investing in a rental income property, you are wisely laying down the groundwork for your future. 

You’ll want to align yourself with an expert realtor, experienced in investment real estate and who can help you in finding the right properties that can maximize the rental income and which have the best long term potential for increased value.

Finding the right realtor is easy if you know where to look. I can be easily reached through email at adam.campbell@royallepage.ca  or directly at 905-334-1208

Over the next 2-3 years, many homeowners, if not already, will be faced with an imminent mortgage renewal. It is widely expected that many people, already wrestling with the high costs of living, are going to find it increasingly more difficult to manage an additional 10-30% increase in their monthly mortgage payment obligations, particularly when renewing the same exact mortgage balance but at a much higher interest rate.

Is it time to take stock and re-evaluate your current real estate lifestyle? With increasing mortgage costs looming and real estate values not really expected to increase much over the next 5 or so years, is it the right time for you to consider making changes that would be more economically beneficial and conducive to your lifestyle? Here are a few questions you might need to ask yourselves.

- Do we still need to own such a large home and/or have such a large mortgage?
- Would reducing our monthly overhead and downsizing make better financial sense?
- Can we put these increased monthly mortgage costs that we will be facing to better use rather than just giving the bank more interest on the same mortgage balance?
- Is it, and would it be, a good time for us to cash out at the high-water mark in this market and consider purchasing something less expensive or more in line with our current needs and/or budget?

A good way for us to get started is by having a conversation with me, review a current and up to date market evaluation of your home and to set a plan in motion.

I am easily reached through email at adam.campbell@royallepage.ca or directly at 905-334-1208