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Should I Rent or Sell My House

Monday Jan 15th, 2018

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If you are thinking about leaving your old house behind for a different one – to upgrade, to downsize, to relocate, or for some other reason – you are probably thinking the same thing most people in your situation do: “Should I rent my house, or should I sell it?” As with so many big decisions in life, there is no easy answer to this one. Renting out the home and selling the house each offer advantages, and potential drawbacks, that you must weigh carefully before... [read more]

2017: A real estate roller coaster that won’t be forgotten soon

Friday Dec 22nd, 2017

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  2017: A real estate roller coaster that won’t be forgotten soon 2017 was a year of highs and lows, dynamism and sputter, and a wide range of opportunities for buyers and sellers of real estate alike. All signs point to an interesting 2018 on the horizon. The condo market, on the whole, has been resilient and avoided the volatility of the more traditional housing market. Demand and supply remained robust, as buyers across all segments relied on condos for... [read more]

WHAT DO NEW MORTGAGE RULES MEAN

Sunday Dec 03rd, 2017

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As of January 1st, 2018, new mortgage rules introduced by the Office of Superintendent of Financial Institutions (OSFI) will come into effect. All new mortgages will be subject to a new minimum qualifying rate or "Stress Test"  WHAT DOES THIS MEAN? All new mortgage applications, regardless of down payment, will need to qualify either at a rate to 2% higher than the rate being offered, or at the current posted Band of Canada, whichever is higher. FOR EXAMPLE: If a buyer... [read more]

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