What is a Mortgage Stress Test?
Posted on Nov 16, 2022
What is a Mortgage Stress Test?
Everyone in Ontario applying for a residential mortgage has to pass what is known as a stress test. This is also the case for people who are refinancing their current home with a different lender, as well as those who are seeking a homeowner line of credit.
In a nutshell, a stress test is a method used by lenders to de...
Sale of Property Condition
Posted on Oct 31, 2022
Sale of Property Condition
Since the market has become more favourable for buyers, we are seeing the Sale of Property Condition which allows you to buy your perfect new home conditional on selling your present home.
Typically, homes are being sold today with conditions on the buyer obtaining financing and conducting a satisfactory home inspection. Ru...
Market Stats for September 2022
Posted on Oct 19, 2022
Market Stats for September 2022
Here you can find important stats for major markets in southern Ontario as of the end of September. I hope that this condensed information will help give you an "at a glance" picture of what's happening in our local markets. If you would like stats for a specific neighbourhood or type of home, please reach out and I w...
What Happens to the Deposit When a Deal Fails?
Posted on Oct 05, 2022
What Happens to the Deposit When a Deal Falls?
Not being able to complete a home closing is a disappointing situation for both parties involved in a transaction, and it has consequences. When a transaction fails to close, the seller may have to put their property back on the market or delay the purchase of their next home, while the buyer may have t...
Deciding Between an In-Ground and Above-Ground Pool?
Posted on Sep 22, 2022
Deciding Between an In-Ground and Above-Ground Pool?
On those long, hot days of summer, there is no better way to cool down and relax than by taking a dip in a refreshing pool. And when it’s your own private oasis, even better still! If you’re considering installing a pool in your backyard, there are many important factors to consider. One of the de...
Understanding Mortgage Trigger Points
Posted on Sep 06, 2022
Understanding Mortgage Trigger Points
As we move into the Fall market, there are some important things you should be aware of.
While inflation has now likely peaked, we will still be dealing with the repercussions from these heightened levels for a while before things balance out. As inflation is corrected, we are also seeing home prices moving back...
