Zach Surette Real Estate

Name: Zach Surette Real Estate
Address: 102/610 Wright Avenue, Halifax, NS, B3B0H8, CA
Telephone: +19024104331
Price range: Not Applicable

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Halifax, NS
Zach Surette Real Estate

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11/06/2026

Adjustable vs. Fixed-Payment Variable Mortgages: How a 0.25% Rate Hike Affects You 🇨🇦👇

A 0.25% (25 basis point) Bank of Canada interest rate increase adds roughly $14/month per $100,000 of mortgage debt. But how you feel that impact depends on your mortgage structure:

1️⃣ Adjustable-Rate Mortgage (ARM):
Your monthly payment increases immediately to cover the higher interest cost, but your original amortization schedule stays on track.
2️⃣ Variable-Rate Mortgage with Fixed Payments (VRM):
Your total monthly payment stays the same, but more of it goes toward interest instead of your principal balance. This extends your payoff timeline and moves you closer to your trigger rate, the point where your fixed payment no longer covers the monthly interest.

Understanding your mortgage type is essential for managing cash flow and staying ahead of central bank updates.

💬 Do you have an adjustable or fixed-payment variable mortgage? Drop your questions below!

11/06/2026

Found your dream home in Halifax... but haven’t sold your current one yet? 🏠👀

You’re not alone! This is the ultimate move-up buyer dilemma:
❌ Buy first = Risk paying TWO mortgages at the same time.
❌ Sell first = Risk scrambling for a short-term rental if you can’t find a house in time.

So, how do you solve it without losing your mind (or your savings)? 🤔Enter the SOBP Clause (Subject to Sale of Buyer’s Property), Nova Scotia’s ultimate real estate safety net!

Here is how NSREC Form 430A protects you when buying and selling simultaneously:
1️⃣ Deposit Protection 🛡️
Form 430A ties your new purchase directly to the sale of your current home. If your house doesn’t sell by the deadline, the deal collapses and your deposit is returned IN FULL.

2️⃣ The Escape Clause ⏱️
Sellers can keep their home on the market while waiting for yours to sell. If another offer comes in, you get a set period of time to either remove your condition or walk away safely.

3️⃣ Pipeline Power 📈
Sellers take SOBP offers much more seriously if your current home is already listed on the MLS®, or better yet, conditionally sold!

💡 PRO TIP: If an SOBP offer isn't accepted in a competitive neighborhood like the West End or Bedford, ask your mortgage broker about Bridge Financing to unlock your equity between closing dates!

Planning to make a move in Nova Scotia this year? Don't navigate dual transactions alone!📲 DM "MOVE" or call/text 902-410-4331 to set up a complimentary Move-Up Strategy Session today! 💬👇.

11/04/2026

How Much Does a 0.25% Interest Rate Hike Actually Cost You? 🇨🇦👇

When the Bank of Canada raises its policy rate, variable-rate mortgages react almost immediately. Here is the exact monthly and yearly breakdown based on a standard 25-year amortization:

🔹 $400,000 Mortgage:
• +$56 per month
• +$672 per year

🔹 $500,000 Mortgage:
• +$68 per month
• +$800+ per year

🔹 $800,000 Mortgage:
• +$112 per month
• +$1,300+ per year

Because variable rates track prime rates directly, keeping a close eye on central bank updates is essential for managing your monthly household budget and real estate strategy.

💬 Are you currently holding a fixed or variable-rate mortgage? Let us know in the comments!

11/04/2026

Finding a dream home, especially when relocating across the country takes grit, patience, and a whole lot of trust.

It all started a few months back with an initial phone call. We mapped out the vision, talked strategy, and put a solid plan in motion. Once the game plan was set, the flights were booked for a weekend house hunting trip. In just two days, we hit the ground running and viewed 16 different properties.

The journey wasn't without its bumps along the way...On the first favorite, we submitted an offer, only to find ourselves in competition with another buyer, who ended up on top. We dusted ourselves off and wrote on a second property, but after working through some details, it just wasn't meant to be.

As the saying goes, third time really was the charm! We focused on an absolute gem right on the lake. We negotiated the absolute best terms possible, and everyone couldn't be happier with how it turned out!

Watching my buyers finally close on their new paradise last week made every single step worth it. I am truly blessed to have worked with and met so many wonderful people over the course of my career. ❤

Thank you so much for putting your trust in me and The Pike Group with your relocation.

11/03/2026

🚨 THE BANK OF CANADA JUST MOVED THE NEEDLE. 🇨🇦📉

The era of holding rates is officially over. On October 28, 2026, the Bank of Canada raised its key policy interest rate by 0.25% (25 basis points), bringing it up to 2.50%.

If you own a home or are planning to buy in Halifax, Dartmouth, Bedford, or across Canada, here is what this means for your wallet:

💸 WHAT DOES A +0.25% INCREASE COST YOU?(Based on a standard 25-year amortization)

As a rule of thumb, every $100,000 in variable mortgage debt goes up by roughly +$14/month.

Here’s how the math breaks down locally:

🔹 $400,000 Loan (Halifax Starter / Condo)
➡️ +$54 to $56 / month (+$672/year)

🔹 $500,000 Loan (Lower Sackville / Cole Harbour Single Family)
➡️ +$67.68 / month (+$812/year)

🔹 $650,000 Loan (Bedford / Halifax Peninsula Detached)
➡️ +$82 to $88 / month (+$1,056/year)

🔹 $800,000 Loan (South End / Fall River Executive)
➡️ +$108 to $112 / month (+$1,344/year)

🔒 WHAT IF YOU HAVE A FIXED MORTGAGE?
Your payment is safe for now! Your rate remains locked until your current term expires. However, if your contract is coming up for renewal in late 2026 or 2027, you’ll be renewing into a higher rate environment, making early planning essential.

📲 WHAT SHOULD YOU DO NEXT?
1️⃣ Check whether your variable loan is an Adjustable Rate (ARM) or Fixed-Payment (VRM).
2️⃣ Recalculate your monthly budget elasticity.
3️⃣ Lock in a 120-day rate hold if your fixed term expires soon!

💬 Drop a comment below: Are you team FIXED or team VARIABLE right now?

👇 Need personalized numbers for your mortgage renewal or home search? Send us a DM or link in bio to book a quick review! 📩

11/02/2026

What the Bank of Canada Interest Rate Hike Means for Your Mortgage 🇨🇦📊

The Bank of Canada recently raised its key policy rate by 25 basis points (0.25%), bringing it to 2.25%. This pushed the commercial prime lending rate up from 4.45% to 4.70%.

What does this mean for Canadian homeowners and buyers?
If you hold a variable-rate mortgage, changes to the prime rate take effect almost immediately. As a general rule of thumb, a 0.25% increase adds approximately $14 per month for every $100,000 of mortgage debt on a standard 25-year amortization schedule.

Whether you are looking to buy a home, renew your current mortgage, or manage debt in Canada, understanding how monetary policy impacts your monthly cash flow is essential.

💬 Have questions about your mortgage rate or Canadian real estate? Drop a comment below!

10/30/2026

Paid top dollar for your home and now need to sell? Overpricing to "leave room for negotiation" is a trap! 🚫🏠

In Halifax right now, your first two weeks on the market are the golden period for buyer activity. If you overprice, serious buyers will simply skip your listing. Once a home sits past 30 days, buyers assume something is wrong, forcing you to chase the market down with price cuts, often selling for less than if you’d priced it right initially!

Instead, use Bracket Pricing:
Buyers search portals like Realtor.ca using set price filters (e.g., $450k–$550k). If your home’s market value is around $555k, listing at $549,900 keeps you right under the $550k filter threshold!

✨ Why this works:
1️⃣ Dramatically increases search exposure among active buyers.
2️⃣ Captures buyers searching strictly under $550k.
3️⃣ Creates competitive tension that can push the final sale price higher!

What’s your take on bracket pricing? Let me know below! 👇

10/29/2026

Planning to tour homes in Halifax as a first-time home buyer? 🏡

Stepping inside prospective homes is easily the best part of buying your first house… but it’s also where first-time buyers make the most embarrassing (and expensive!) mistakes.

If you’re house hunting across Halifax, Dartmouth, Bedford, or the HRM this weekend, keep these 4 golden rules in mind:

1️⃣ Storage vs. Snooping 🚪
Built-in storage like kitchen cabinets, pantries, and closets? 100% fair game, check if your Costco hauls fit! But dressers, nightstands, and desk drawers? Strictly off-limits. If it packs up with the seller, keep your hands off it!

2️⃣ Beware of the Ring Doorbell Trap 🔔🎥
Assume EVERY home has an active security camera or smart doorbell. Saying "Oh my god, I LOVE this house, let’s offer $50k over asking!" on the front porch just destroyed your negotiating power. Save the offer strategies and critiques for inside your agent's car! 🚗💨

3️⃣ Look Past the Staging 🛋️✨
Pretty throw pillows don't mean a thing if the basement is wet. In Nova Scotia, always check:
• Basement walls for white powdery moisture stains (efflorescence) 🌧️
• The manufacture date tag on oil heating tanks (insurance mandates replacement every 10–15 yrs) 🛢️
• Modern circuit breaker panels (no old fuse boxes!) ⚡

4️⃣ The "Front Door Photo" Trick 📸
Viewing 4 homes in one afternoon? Take a photo of the house number on the exterior BEFORE stepping inside. Every photo in your camera roll after that image belongs to that house. No more confusing properties later!

💡 Thinking of buying your first home in Halifax? Shoot me a DM or drop a comment below, we’d love to help you navigate the local market with zero stress! 📥

What’s the weirdest thing you’ve ever spotted during an open house? Tell us in the comments! 👇

10/28/2026

Bought your home at the peak of the market and need to sell now? Don't panic! This mindset shift could save you serious money 🧠💸

Stop looking at your home sale in a vacuum. If you're selling in Halifax and buying your next property, remember: you make your money back on the buying side.

Here's how the math actually works:
📉 You sell your current home for $30,000 less than peak value (hurts on paper!).
🤝 In today's balanced market, growing inventory gives you the leverage to negotiate $45,000 off your next purchase (due to pricing or inspection findings).
🎉 Net result: You're actually $15,000 ahead!

A softer or balanced market gives buyers more leverage on sale price, conditions, and seller concessions. Use the market on your next purchase to offset any loss on your sale!

Are you planning a move in the Halifax market soon? Drop a comment below! 👇

10/27/2026

The Halifax housing market just crossed a major benchmark we haven’t seen in seven years 📊

Active listings in the Halifax Regional Municipality (HRM) officially broke 1,650 homes for sale—returning us back to pre-COVID inventory levels for the first time since October 2019.

To see how drastically things have changed, look at the timeline:

📍 January 2022: 179 active listings (Extreme scarcity)
📍 October 2019: ~1,650 active listings (Pre-COVID baseline)
📍 Today: 1,650+ active listings (Balanced market threshold)

We are currently sitting at around 4 months of supply, shifting the HRM out of seller-dominated territory and right into a Balanced Market.

What does this shift mean for you?

🔑 For Buyers: Bidding wars are taking a backseat. You now have the breathing room and leverage to include financing, inspection, and status conditions to protect your purchase.

🏷️ For Sellers: Overpricing based on peak-market figures will cause your home to sit while buyers explore the 1,649 other options available. Accurate pricing, proper staging, and standard timelines are key. This isn’t a market crash—it’s a long-overdue return to a healthy, balanced real estate ecosystem.

Are you thinking about making a move in Halifax, Bedford, or Dartmouth this season? Drop a comment or send us a DM to chat about what these numbers mean for your home’s value! 📩

Address

102/610 Wright Avenue
Halifax, NS
B3B0H8

Telephone

+19024104331

Website

https://zachsurette.royallepage.ca/

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