I read a book a while back that changed my outlook on real estate.
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
Here’s the latest real estate updates for you on Toronto’s market.
Here is what “no money down” means in reality. Plus, it definitely is good for real estate investing.
This past week we in the real estate industry seem to be of two minds. It seems all the Realtors are holding the same half full glass of water and we are debating the age old question of is the glass half full or is it really half empty.
There’s a pretty simple reason for why I decided to become a real estate agent.