Summer time brings Canadians out of hibernation and on the road/sky to their favourite destination, which at some point of the summer, involves going to a property at or near a lake in Canada. Vacation and Recreational homes, a place to escape to and get a little nature in, is just a part of our…

The Bank of Canada seems to be having enough confidence in the country’s economy to hike interest rates. The Senior Deputy Governor of the central bank stated that rates have been extraordinarily low for a long time and that the goal had been achieved in order to combat dwindling oil prices. The governor highlighted that…

The province of Ontario is now proposing a 15 per cent foreign tax on residential properties in the Greater Golden-Horseshoe. The legislation is an effort to cool down the real estate markets in Canada’s two major cities. If it is passed, it would apply from today . Will it have the same affect in Toronto…

It’s the beginning of a new year and time to start making new memories for 2017! What has always been on your bucket list that you have never gotten around to doing? It’s a good time to start a list of things you want to accomplish throughout 2017, whether it’s to do with your career,…

In 2012 the max amortization was reduced from 35 years to 25 years so the qualification dropped from $640,000 down to $510,000… OnOctober 17, 2016, the qualification dropped from $540,000 down to $430,000 based on a family income of $80,000 and only 5% down payment. Our clients continued to buy houses after the change in…

On Monday, stricter new federal rules about who can qualify for an insured mortgage took effect across the country. Now, all new mortgage applicants have to pass a ‘stress test,’ which tries to predict whether they can keep up with mortgage payments, at their current salary levels, if interest rates were to rise. Low interest rates have…

The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Total CPI inflation in Canada has been around 1 per cent in recent…

To help you protect that investment and find a safe, comfortable place for your family to call home, here is a list of some of the things you should look at before you buy a home, to make sure you won’t end up having to pay for a lot of expensive repairs: Decks and porches—look…