Should You Buy or Sell Your Home First in Mississauga

Buy or sell a house concept

Are you a homeowner in Mississauga wondering whether to buy or sell your home first? With over 20 years of experience in the Mississauga real estate market, RE/MAX Success can lay it all out for you! The answer isn’t straightforward and varies based on personal circumstances. This blog explores critical considerations and provides insights to help you make an informed decision tailored to your situation. If you have more questions after reading this blog, feel free to call us at 905-209-7400.

Buying or Selling First

Advantages of Selling Your Home First

Selling your home before buying another offers several advantages:

  • Financial Freedom: Selling first frees up funds, potentially boosting your down payment capacity for the next purchase.
  • Avoiding Dual Mortgages: By selling your existing home first, you avoid the financial burden of carrying two mortgages simultaneously, which can be a significant financial relief.
  • Market Leverage: Without the urgent pressure to sell quickly due to holding two properties, you may achieve a better selling price for your current home.

Challenges of Selling First

  • Pressure to Purchase: Selling your home before buying another can create pressure to find a new home quickly, possibly leading to rushed decisions.
  • Temporary Housing: If a new home isn’t secured in time, you may need to consider temporary housing solutions, which can be inconvenient and costly.
  • Double Moves: You might end up moving twice — first to temporary housing and then to your new home, increasing your moving and storage costs.

Benefits of Buying a New Home First

Purchasing a new home before selling your current one also has its perks:

  • Seamless Transition: Buying first can provide a smooth transition between homes without the need for temporary housing.
  • Market Opportunity: If the perfect property comes along, buying first ensures you don’t miss out due to not having sold your current home.
  • Preparation and Presentation: With your belongings already moved out, staging your home for sale can be easier and more effective.

Drawbacks of Buying First

  • Financial Strain: Managing two mortgages at once, if your current home doesn’t sell quickly, can strain your finances.
  • Market Risks: If the market slows after your purchase, you could find yourself in a difficult position if your current home depreciates in value or takes a long time to sell.
  • Complex Negotiations: Sellers might view your offer less favorably if it’s contingent on the sale of your existing home, potentially complicating negotiations.

Mississauga’s Market Specifics

In Mississauga, the real estate market dynamics, such as whether it’s a buyer’s or seller’s market, play a crucial role in deciding whether to buy or sell first. Understanding local market trends and future predictions is crucial. Consulting with a real estate professional who specializes in the Mississauga market can provide you with tailored advice and strategic insights.

Consulting a Real Estate Expert

Considering the complexities involved, working with a knowledgeable real estate agent can provide you with strategic guidance tailored to your specific circumstances. A professional can help you navigate the local market, understand timing considerations, and ensure you make the best decision regarding buying or selling first based on current market conditions in Mississauga.

Each option has its advantages and challenges, and the right choice depends on your personal situation, financial conditions, and the state of the local real estate market. If you’re looking to sell first, click here to find the value of your home and we will be in contact with you shortly!

Home Decor: Do’s & Don’ts for Mixing and Matching

Home decor

Home decor involves a delicate balance between mixing and matching elements to create a space that is both unique and cohesive. If you’re grappling with how to stylishly decorate your home, understanding what not to combine can be as crucial as knowing what works. This guide dives into the essential do’s and don’ts of home decor, providing clear guidelines on how to avoid common pitfalls and ensure your space reflects your personal style effectively.

Avoid Matching Furniture Sets

Gone are the days when purchasing an entire matching furniture set was the norm. While convenient, this approach often results in a space that lacks individuality and charm. Opt instead for a mix of pieces that complement each other yet reflect your personal taste, creating a more dynamic and interesting living environment.

Embrace Pattern Variety, But Don’t Overdo It

Patterns add vibrancy and depth to any space, but overloading a room with too many patterns can overwhelm the senses. Instead of sticking to one pattern throughout, combine three distinct patterns in varying scales to enhance visual interest. Use a cohesive color palette to unify the patterns and introduce solid colors to balance the overall design.

Coordinate Neutrals by Undertone

Neutrals might seem easy to mix, but their underlying tones can clash. To create a seamless look, identify the undertone of your primary neutral pieces and select complementary items within the same undertone family, whether it’s warm or cool. This strategy ensures that your neutral elements harmonize without dulling the space.

Balance Scale in Mixing and Matching

Understanding scale is crucial in both furniture arrangement and pattern selection. Furniture pieces should generally match in scale to create uniformity, while patterns can vary. A large-scale pattern can serve as a focal point, supported by smaller patterns that add complexity without competing for attention.

Limit Style Combinations

While it’s tempting to incorporate multiple design styles, sticking to just two can help maintain a cohesive feel. Choose styles that share some common elements and designate one as the dominant style, with the other providing subtle accents. This approach helps prevent the decor from feeling disjointed.

Diversify Your Lighting Choices

Lighting should complement the space without being too uniform. Incorporate a mix of lighting types, such as overhead lights, sconces, and lamps, and ensure they share common design elements like shape or finish. This variety helps achieve a balanced look while avoiding monotony.

By following these guidelines, you can skillfully decorate your home, ensuring it is both stylish and cohesive. Remember, the key to effective home decor is not just about what you mix but also what you should not mix, allowing each element to contribute to a harmonious and personalized space.

If you’re looking for a home in Mississauga, RE/MAX Success Realty can help with personalized service and a commitment to ‘Success’. Reach out to us today and discover the perfect home for you in Mississauga!

Backyard Decor Ideas for Homeowners in Mississauga

Elegant backyard terrace, backyard decor ideas

Transforming your backyard into an outdoor retreat is like gaining an extra room—only this one comes with the bonus of fresh air and nature. If you’re looking to enhance your outdoor space for relaxation, entertainment, or family fun, we’ve got you covered with several backyard decor ideas to make your outdoor space the ultimate retreat.

6 Backyard Decor Ideas

Entertainment Hub Enhancements

Imagine your backyard as the go-to gathering spot for friends and family. To achieve this, start with varied and comfortable seating options such as benches, lounge chairs, and colorful floor cushions that invite guests to sit back and relax. Enhance the ambiance with outdoor speakers for seamless music streaming, a mobile bar cart for easy access to refreshments, and strategic lighting to keep the festivities going after dusk.

Zen Garden Elements

Create a serene escape where you can unwind and connect with nature by designing a Zen garden. This minimalist approach includes features like rock formations, sand patterns, and low-maintenance plants such as Japanese maples and black pines. Consider adding a water feature for tranquility and decor items like statues or a small bridge to achieve a peaceful garden where you can meditate and relax.

Minimalist Patio Oasis

For those who appreciate clean lines and simplicity, a minimalist patio oasis is an ideal choice. Transform your backyard into a serene retreat with minimalist design. Focus on a monochromatic color palette and streamlined outdoor furniture to create a modern and uncluttered space. Use sleek, geometric planters with a selection of hardy, low-maintenance plants such as succulents or ornamental grasses. Incorporate a simple water feature or a single, striking piece of art to serve as the focal point. This minimalist approach not only emphasizes quality over quantity but also offers a tranquil space that makes a big impact with minimal elements.

Family Fun Zone Ideas

For families with children, it’s essential to create a space that caters to both adults and kids. Consider dual-purpose setups where the yard serves as a play area and a comfortable dining space. Utilize durable, easy-to-clean table covers for craft time and quickly transition to a neat, inviting space for meals. This setup ensures your backyard meets the needs of every family member.

Backyard Camping Setup

No campground availability? No problem! Convert your backyard into a campsite with elements that mimic the great outdoors. Integrate plenty of greenery for privacy, install a fire pit for gathering around, and use camp chairs for authentic seating. Opt for a propane fire pit if wood-burning is restricted in your area, ensuring you can still enjoy roasting marshmallows and campfire stories.

Country Garden Charm

For those who fantasize about a whimsical garden, start by planting a variety of perennial flowers to attract butterflies and bees. Incorporate birdfeeders and a water feature like a birdbath to support local wildlife. Add quaint seating areas throughout the garden, adorned with features like a vine-covered trellis or a classic tree swing. These create charming spots for relaxation and enjoyment.

Each of these backyard decor ideas focuses on transforming your space into a personalized retreat. They maximize outdoor living and provide a sanctuary from the everyday hustle. Whether you’re entertaining, relaxing, or enjoying family time, these backyard decor tips will help you craft a space that’s both functional and delightful. Talk to our agents about more ideas that could increase the value of your home!

What Is a Shared Equity Mortgage?

Shared responsibilities - what is a shared equity mortgage

Buying a home is an increasingly challenging task, particularly for first-time buyers navigating high property prices and strict loan conditions. For those finding it hard to afford a substantial down payment, shared equity mortgages offer a promising solution. But what exactly is a shared equity mortgage, and how can it assist you in purchasing your dream home? Let’s go over the details to see if it’s the right choice for you.

What Are Shared Equity Mortgages?

Shared equity mortgages provide a unique way for first-time buyers to enter the housing market. Essentially, these are agreements where another party provides funds that help with your down payment, reducing the amount you need to borrow. This isn’t a typical loan; there’s no interest to pay back. Instead, the lender gets a percentage of the equity of your home when you sell it or after a certain period.

How Do Shared Equity Mortgages Work?

In shared equity mortgage arrangements, the buyer covers part of the home purchase price with their down payment, while a lender contributes additional funds. This helps meet the 20% down payment threshold, allowing buyers to avoid private mortgage insurance and secure lower interest rates. The catch? The lender will own a share of your home’s equity. When you sell your home or refinance, you will need to share the profits proportionally with the lender based on their contribution.

Ownership and Control

While you’ll hold the title and full control over your home, the lender’s investment ties them to your property’s financial future. They benefit if the home’s value increases and bear part of the loss if it decreases. This relationship demands careful consideration and understanding before entering into a shared equity mortgage.

Benefits of a Shared Equity Mortgage

  1. Accessibility: Makes homeownership accessible by boosting your down payment, reducing the amount you need to borrow.
  2. Financial Relief: You can avoid private mortgage insurance and potentially secure a better mortgage rate due to the higher down payment.
  3. No Interest Payments: Unlike traditional loans, there’s no interest charged on the money provided by the lender.

Potential Downsides

  1. Profit Sharing: If your home appreciates significantly in value, you will need to share a substantial part of that profit with the lender.
  2. Long-term Commitment: These mortgages are designed for long-term arrangements, and selling your home early might incur penalties or reduce your expected gains.
  3. Limited Availability: Finding lenders that offer shared equity mortgages can be challenging, and the terms can vary significantly.

Is a Shared Equity Mortgage Right for You?

Opting for a shared equity mortgage is a significant decision that requires a detailed evaluation of your financial situation and housing market conditions. This mortgage type can offer a pathway to homeownership with potentially lower upfront costs but requires sharing the future financial gains of your property. As with any financial decision, it’s crucial to consult with a financial advisor to understand fully how a shared equity mortgage might impact your financial goals.


Shared equity mortgages can be a viable option for those struggling to save for a down payment but come with unique considerations. Whether this approach fits your home buying strategy depends on your financial circumstances and long-term housing goals. Consider all angles and potential future market conditions before deciding if a shared equity mortgage is the best path for your homeownership journey.

Contact RE/MAX for Further Guidance

If you’re considering a shared equity mortgage or any other real estate financial arrangements, contact a professional at RE/MAX. Our experts can provide you with the insights and assistance you need to make informed decisions in the real estate market.

Is a Multi-Generational Home Right for You?

Multi-generation Caucasian family During a dinner at home

Exploring whether a multi-generational home is suitable for you involves understanding the benefits and considerations of shared living spaces. Multi-generational homes are becoming increasingly popular, providing family support and financial benefits.

Why People Choose Multi-Generational Living

One of the primary reasons families opt for multi-generational homes is to support aging parents. About 27% of buyers select these homes to provide better care for their elders, while 19% do so to spend more quality time together. These arrangements allow seniors to age comfortably in place with family support.

Cost savings is another significant factor. Approximately 22% of buyers choose these homes to reduce living expenses, and 11% do so to afford larger spaces that multiple incomes can sustain. Sharing expenses like mortgages, utilities, and maintenance can make home ownership more attainable, especially for first-time buyers in today’s competitive market.

Finding the Right Multi-Generational Home

Finding an ideal multi-generational home requires considering the needs and preferences of all family members. It’s essential to choose a property that provides adequate space and privacy for everyone, which can sometimes be like solving a complex puzzle.

Partnering with a knowledgeable real estate agent is crucial. They can help navigate the complexities of finding a home that meets the diverse needs of a multi-generational family, ensuring that every family member feels comfortable and accounted for.

Bottom Line

Whether motivated by financial reasons or family care, a multi-generational home can offer numerous benefits. For those considering this living arrangement, consulting with a local real estate expert is advisable. They can provide guidance tailored to your specific needs and help you make an informed decision.

For personalized assistance and to explore the highest-selling homes this season, contact RE/MAX Success Realty. Our agents specialize in multi-generational homes and can ensure you find a place that truly feels like home.

What’s Motivating Your Move?

Motivating your move young man in suit moving stuff

Thinking of selling? Whether it’s the desire for change, profit from rising home values, or family reasons, understanding the driving forces behind your decision to sell can profoundly influence your strategy. “Motivating your move” isn’t just about relocation—it’s about making informed choices that align with your personal and financial goals.

Profit from Your Property Sale:

One significant motivation for selling a home is to capitalize on its increased value. Historical data from ATTOM highlights that sellers in 2023 saw an average profit of $121,000, a return on investment of 56.5%. This impressive profit margin is largely due to the sharp increase in home prices driven by high demand during the pandemic.

Although the market has stabilized somewhat, home values continue to appreciate, albeit at a slower pace. This ongoing appreciation means selling now could still yield substantial financial benefits, helping you navigate the current market’s affordability challenges.

If you’re contemplating selling, a local RE/MAX Success Realty agent can provide a precise valuation of your property and offer insights into local market trends. This expert guidance is invaluable in setting a competitive price that maximizes your return while ensuring a swift sale.

Moving for Family Reasons:

Family dynamics often play a crucial role in the decision to sell. Whether it’s the need to care for aging relatives or the desire for closer proximity to loved ones for better support and shared celebrations, relocating can enhance your quality of life. Missing out on significant family milestones can be a compelling reason to move, and a skilled RE/MAX agent can assist in finding a home that brings you closer to your loved ones without compromising on your needs and budget.

How RE/MAX Success Realty Can Assist:

At RE/MAX Success Realty, we understand that selling your home is more than a transaction—it’s a pivotal life decision. That’s why our agents are dedicated to supporting you with comprehensive services that simplify the selling process. We pride ourselves on setting records for the highest sale prices in the area, demonstrating our ability to deliver exceptional results. Our commitment to maximizing your profit and ensuring a smooth transition makes us a leader in the real estate industry.

If you’re looking for motivation to make your move, consider partnering with RE/MAX Success Realty. Our agents are not only skilled in navigating the complexities of the real estate market, but they’re also committed to achieving your selling goals. Reach out today to discuss how we can help you make the most out of your next move and turn your real estate goals into reality.

Achieving Tax Fairness in Canada

Splitting bank accounts and tax fairness

Tax fairness is crucial for ensuring all Canadians have equitable opportunities and contribute appropriately to the nation’s prosperity. The Canadian government is focusing on adjusting tax structures to promote fairness across generations, particularly through changes in capital gains taxation. This initiative is aimed at supporting public services and infrastructure that benefit everyone, particularly the younger generation.

Understanding Tax Fairness:

Tax fairness involves creating a system where financial contributions to public services and infrastructure are equitably shared among all income groups. In Canada, progressive taxation has been a key element in promoting economic equality. However, adjustments are necessary to address disparities, especially those benefiting wealthier individuals through mechanisms like the capital gains tax advantage.

Capital Gains Tax Reforms:

The current system taxes 50% of capital gains, which disproportionately benefits those with higher incomes from investments compared to middle-class earners. To address this, the government proposes increasing the inclusion rate of capital gains tax for individuals earning above $250,000. This change aims to make tax obligations fairer and help fund vital national investments.

Impact on Younger Canadians:

Young Canadians often face challenges in wealth accumulation compared to previous generations. The proposed tax reforms aim to level the playing field, ensuring that young people can invest in homes and secure their financial futures. Enhancing tax fairness sustains Canada’s economic health and ensures that all generations can thrive. This commitment supports a prosperous future for everyone.

Supporting Business and Entrepreneurship:

Furthermore, to support small business owners and entrepreneurs, adjustments are also being made to the Lifetime Capital Gains Exemption, increasing it significantly. This change encourages business investments and growth, crucial for Canada’s economic innovation and competitiveness.


Tax fairness is fundamental to maintaining Canada’s social fabric and economic strength. By reforming capital gains taxation and supporting entrepreneurial growth, Canada commits to a fairer economic landscape. These changes ensure that every generation can anticipate a prosperous future.

How RE/MAX is Giving Back to the Community

Quote give back give well and give often written on wooden blocks. how remax is giving back to their community

RE/MAX is a global leader in real estate, not only recognized for its brand awareness but also for its commitment to community and social initiatives. This blog highlights how RE/MAX is giving back with their agents and offices to contribute to their communities, emphasizing the brand’s dedication beyond real estate transactions.

How RE/MAX is Giving Back

Treat Accessibly Initiative:

RE/MAX supports “Treat Accessibly,” a community initiative promoting accessible trick-or-treating for all children. RE/MAX offices provide yard signs to promote inclusivity, making Halloween enjoyable for every child. This effort has significantly raised awareness and media coverage, highlighting RE/MAX’s commitment to community inclusiveness.

Quest for Excellence Scholarship:

The “Quest for Excellence” program awards scholarships to deserving Grade 12 students across Canada, enhancing their educational opportunities. Each year, 40 students benefit from this initiative, demonstrating RE/MAX’s investment in the future leaders of our communities.

Supporting Children’s Miracle Network:

For over three decades, RE/MAX has been a proud partner of the Children’s Miracle Network (CMN), contributing to local hospitals and families in need. Through various fundraising events and the Miracle Home program, where agents donate a portion of their commission, RE/MAX has raised millions for CMN, showcasing their long-standing commitment to healthcare and community well-being.


Partnering with RE/MAX means joining a network that values community and social responsibility. RE/MAX’s commitment to various charitable initiatives ensures that working with them transcends buying or selling properties. It also means making a positive impact in the lives of others. Whether you are a client or an agent, being part of the RE/MAX family involves contributing to meaningful change and enhancing the community.

Feds Raise Home Buyers Plan Limit to $60,000 for First-Time Buyers

Shot of a young couple planning their budget together at home with news of new home buyers plan limit

In a significant update, Canada has raised the Home Buyers’ Plan (HBP) withdrawal limit to $60,000 for first-time buyers. This increase from $35,000, effective from the upcoming federal budget announcement, aims to make homeownership more attainable by allowing individuals to utilize more of their RRSP savings for down payments.

Expanding the Home Buyers Plan:

The Home Buyers Plan now offers more flexibility for first-time buyers using RRSP funds for home purchases. Financial experts believe this could boost RRSP contributions, recognizing the benefits for future homeownership. This strategy aligns with financial planning goals, potentially increasing homeowners’ savings over time.

Combining Financial Strategies:

Experts also recommend maximizing contributions to the First Home Savings Account (FHSA), which offers tax advantages and complements the HBP. With the potential to accumulate substantial savings when combining the FHSA cap of $40,000 and the new HBP limit, individuals could significantly boost their initial home investment funds.

Implementation and Future Steps:

Set to be included in the 2024 federal budget, the updated HBP limit aligns with other government initiatives to assist first-time buyers, such as extending mortgage amortization periods for newly built homes. These measures collectively aim to make housing more accessible, especially amid soaring property prices and economic recovery phases.


For those entering the Mississauga real estate market, these changes could dramatically enhance buying power. RE/MAX Success Realty is ready to assist new buyers with the latest financial updates. They ensure the dream of homeownership becomes achievable for more Canadians.

5 Costly Real Estate Scams to Look Out For

Wooden doll figures with padlock, scammer and home. Real estate scam concept.

Navigating the market requires vigilance against real estate scams that target buyers, sellers, and renters. Being aware of common fraudulent schemes can safeguard your financial and property interests.

Watch Out for These 5 Real Estate Scams

1. Impostor Agents and Solicitors:

Beware of fake real estate professionals who may appear legitimate but intend to defraud you. Verify the credentials and licensing of any agent or solicitor you engage with. Ensure escrow account details are legitimate before transferring funds to prevent financial loss.

2. Email Hacking Scams:

Scammers may hack into realtor emails to intercept financial transactions. To avoid this, establish secure communication channels and verify payment instructions directly with your realtor, preferably in person.

3. Too-Good-to-Be-True Rentals:

Rental scams often lure victims with below-market price listings, leading to fraudulent transactions. These real estate scams are commonly seen on platforms like Craigslist or Facebook Marketplace. Always inspect the property in person and conduct transactions through reputable platforms to avoid falling victim to these schemes.

4. Title Fraud:

Identity thieves might steal your personal information to fraudulently transfer property ownership. Protect your identity and consider title insurance to safeguard against such fraud, especially for fully paid-off properties.

5. Foreclosure Fraud:

Homeowners facing mortgage difficulties may be targeted by scammers offering deceptive loans to usurp property titles. Always seek financial assistance from established institutions and communicate with your mortgage lender to avoid such scams.

Staying vigilant against real estate scams is crucial for protecting your investments. At REMAX Success Realty, we prioritize the security of our clients’ transactions. Our experienced team will guide you through safe property dealings, helping you navigate the complexities of real estate with confidence and security.