Here’s how the housing market did in the past year.
The mortgage rate is going up again in January 2018, which means your affordability will decrease.
I share what the best month to buy a house/condo is on this new Morrison Report.
Last week, Canada’s Competition Bureau came out with a ruling against the Toronto Real Estate Board; TREB. It meant that TREB is supposed to allow its members to release sold data and other information about listings online. TREB is unhappy with this ruling and wants the right to appeal this decision yet again. Continue Reading
How much are you saving?
Year after year, I hear many people tell me that their plan is to save a little bit more in order to afford that bigger, better condo or house the following year. Continue Reading
Tips from the Morrison Report for sellers. How do you ensure that you get the maximum profit when selling your home?
I read a book a while back that changed my outlook on real estate.
Last week, I had the opportunity to attend the Toronto Real Estate Board’s Annual General Meeting. Benjamin Tal, the chief economist for CIBC, was the guest speaker. I heard him speak before and have always been impressed with what he had to say. This time was no different and he didn’t disappoint. He blew my mind with his facts, figures and insights and I literally tried to take as many notes as my hand would allow. In fact, by the time he finished speaking, my hands hurt. Continue Reading
The new mortgage rules and stress test come into effect soon. How can it be beneficial to help someone find a mortgage to invest in property?
Yesterday, OSFI (The Office of the Superintendent of Financial Institutions) announced some new rules to tighten up the real estate market. These rules will affect anyone putting 20% as down payment or more on a home. Currently, anyone purchasing a house over a million dollars will have to put a down payment of at least 20% to qualify for a mortgage. Those who spend less than a million dollars and put down less than 20% have been experiencing this additional stress test for the last year. Continue Reading