Canadian Home Sales Edge Up
Canadian Home Sales Edge Up Ottawa, ON, November 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a modest monthly increase in October but remain below levels recorded one year ago. Highlights: National home sales rose 0.9 per cent from September to October. Actual (not seasonally adjusted) activity […]
OSFI Will Be Introducing a New “Stress Test” for Uninsured Mortgages (greater than 20% down payment) Effective January 1, 2018.
The Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for the mortgage industry, which include a “stress test” for uninsured mortgages. Home buyers with 20% or greater down payments will need to qualify for their mortgages using the higher of the average 5-year posted rate (currently 4.89%) or 2.00% higher than their actual mortgage […]
Understanding Ontario’s Real Estate Boom – Presentation by Craig Alexander
On Wednesday, September 27th, we had the privilege of attending a presentation given by Craig Alexander, the Senior Vice-President and Chief Economist at the Conference Board of Canada. For a bit more insight into the Conference Board and Mr. Alexander’s background, click here. The subject of the presentation was ‘Understanding Ontario’s Real Estate Boom.’ We […]
Real Estate Market Update – What’s Happening Around the GTA?
On May 1st, Team Masterson attended a real estate market update session with guest speaker Phil Soper, President & CEO of Royal LePage and Brookfield Real Estate Services Inc. Before I share his insights, you might want to know a bit about the man behind the presentation and the company behind the man. Phil Soper […]
Three Pillars of Protection when Buying or Selling with a Registered Real Estate Professional
All real estate brokers and salespersons in Ontario are registered with, and regulated by, Real Estate Council of Ontario (RECO). That’s why working with a real estate professional provides buyers and sellers with three pillars of protection: Knowledge, Professional Standards and Insurance. KnowledgeReal estate professionals must complete courses before they can enter the real estate […]
Wondering about updates before listing your home?
When you’re getting ready to sell your home, you begin to consider all of the things that might make it attractive to potential buyers. Should you renovate the kitchen? Update the bathrooms? Trade the carpets for hardwood? Throw on a fresh coat of paint? For some home owners the idea of spending time or money […]