Real Estate
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Mortgage brokers, home buyers concerned about new 'stress test' rules

Posted on 01 November 2017

New guidelines that will soon place restrictions on uninsured borrowers looking to secure a mortgage have — as one Ottawa realtor puts it — kicked the pursuit of a home into "overdrive."
Earlier this month, the Office of the Superintendent of Financial Institutions (OSFI) released guidelines for the mortgage industry that will take effect on Jan. 1, 2018. One of the ...

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3 Frightening Things in Sellers' Homes That Can Scare Buyers Silly

Posted on 18 October 2017

Having a beautiful home in an exquisite environment is not a most suitable reason for buyers to show interest, it could contain an item or two that happens to scare the pants off anyone who walks through your door. That might not really be an issue if you don't like guests, but it could very well be a big problem if you're trying to sell your place! The raw truth is that it doesn't take much ...

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Top 3 Home Selling Myths you need to STOP believing

Posted on 09 October 2017

Putting your home up for sale can be an emotional endeavor. And really it is. Selling itself is psychology. People buy emotionally but justify their decisions logically. 80% of all sales success is emotional. Selling a home is as much a science as buying is. Andlots of people who've been there before will want to tell you how it's done. Beware of these (well-meaning) storytellers and don't fall ...

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Average home price climbs in Toronto

Posted on 05 October 2017

TORONTO - The average price of a home sold in the Toronto area last month climbed higher on a month-over-month basis for the first time since hitting a record in April.The average price has been falling since April when the Ontario government announced plans to try and cool the hot housing market including the introduction of a tax on foreign buyers.The Toronto Real Estate Board said Wednesday the ...

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These paradise islands cost less than a city apartment

Posted on 02 October 2017

Property prices keep rising, but did you know you could own island for less than an apartment in a major city? Here are 16 remote idylls for sale right now.

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The 10 Worst Things You Can Say to a Mortgage Lender

Posted on 02 October 2017

Getting a mortgage loan is an involved process that requires a full examination of your financial background. You’ll likely have to answer countless questions and complete a mountain of documentation. And you’ll probably have your own questions to ask and comments to make.Be careful about what you say to a mortgage lender, however, because it ...

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What to consider when shopping for a mortgage

Posted on 31 July 2017

(NC) Even when interest rates are steady, many homeowners refinance their mortgages. In some cases, an existing mortgage is coming to an end and borrowers need to renegotiate. Other reasons for refinancing include funding renovations, paying for a child's education, or buying a second property.Too often, homeowners enter mortgage negotiations without legal advice and without understanding the deal ...

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What are renovation shows not telling you?

Posted on 31 July 2017

(NC) Renovating a home can be a wiser investment than moving and popular makeover shows are certainly inspiring. However, these shows can also leave viewers with mistaken impressions.If life was like TV, we could dream up an addition on a Friday evening and be drinking coffee in it on Monday. While most of us know that's unrealistic, some may have to experience living through a renovation to under ...

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What to know when buying a heritage home

Posted on 05 June 2017

(NC) Whether you live in a big city or a small town, the buildings around us are important markers of our national history. As Canada commemorates its 150th anniversary, make sure to explore some of the heritage buildings in your community. Across Ontario, you'll find residential and commercial buildings that tell you a story. The Ontario Heritage Act grants local governments the autho ...

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Canada’s Home Prices Rise for 15th Month Straight on Hefty Gains in Toronto, Hamilton

Posted on 15 May 2017

Canadian home prices rose in April, data showed on Friday, lifted once again by hefty price gains in the hot Toronto market, which some fear is becoming overheated. The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices rose 1.2 per cent last month, making for the fifteenth consecutive month national prices ha ...