Changes to the Stress Test and What You Need to... [read more]

The government-backed Canada Mortgage and Housing Corporation (CMHC) announced it will be tightening the mortgage rules starting July 1, 2020. This move by the CMHC is to protect individual and national economic health by ensuring mortgage borrowers are not putting themselves into too much debt.   What this means for homebuyers: It will be harder to obtain CMHC’s default mortgage insurance, which means having a down payment of 20% or more will help you acquire a mortgage... [read more]

  For those looking to take that next step in their real estate future, this important question will inevitably come up: “should I buy my new home or sell my existing home first?” While there is no ‘right’ answer, it’s important to know the potential pros and cons of both options. Speaking with your registered real estate professional before starting the buying or selling process can help you decide which route is better suited to your family’s... [read more]

Preparing for a Day of Multiple Viewings       When you’re selling your home, several viewings of your property may be scheduled on the same day. That can be a good thing because it can create increased excitement about your... [read more]

Pulling Together the Records you Need when Selling       Imagine you’re viewing a home for sale. You venture to the basement, check out the furnace room, and notice the water heater. Is it owned or rented? As a potential buyer, you’d want to... [read more]