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 stre...
What is Market Rot?
Posted on Aug 29, 2023
What Is Market Rot
You list your home and you anxiously await an offer. Showings are sporadic. Thirty days go by, then sixty then ninety. Then you pass the average days on the market in your area. It starts to become obvious to you that your house is not selling and now you are getting worried. The days on market (DOM) is the amount of time from the...
My Partner & I are Divorcing & Selling
Posted on Aug 28, 2023
My partner and I are divorcing and selling our home. Can we hire separate real estate agents?
Yes, you can. Selling a home during a divorce can be an emotionally taxing and daunting experience for many, but the right professional can help. Generally, it’s simpler if you can both agree on one real estate agent. However, if that is not feasible, then...
Mortgage Stress Test
Posted on Aug 28, 2023
Mortgage Stress Test
How exactly does this work and who does it apply to?
Mortage Calculators
Posted on Aug 28, 2023
What a Mortgage Calculator Can and Cannot Do
As you consider buying a home or refinancing your mortgage, it’s likely you’ll eventually look for a mortgage calculator online. As with anything else, there are tons of search results, and as usual, only a handful are relevant or even useful. We jumped into the deep end of those results, and here’s what...
Myth Buster
Posted on Aug 28, 2023
Myth: Great Houses Can Sell Themselves
Myth: Great houses can sell themselves.
Facts: While it may seem like houses sell themselves in a busy real estate market, this isn’t the case.
It's a common misconception that a fantastic property with outstanding features will automatically attract buyers and sell quickly. While a strong housing market can crea...
Offer Accepted-What Now?
Posted on Aug 21, 2023
Offer Accepted - What Now?
You got your offer accepted by the seller and have completed all the conditions! YAY! Now it’s the 65-day countdown to closing day. Important reminder – DO NOT change your credit between now and closing!
Yes, the bank pulled your credit and did all its checks during the condition of financing. And they were happy with ever...
