October 2017

New Mortgage Rule and its impact on Real Estate Buyers

Posted on Oct 31, 2017 in Tips & Tricks

The news and media are making a big deal out of this new announcement by Canadian National Bank, implementing a mortgage stress test on real estate purchasers with no mortgage insurance (Mostly the ones paying over 20%) based on an additional 200 points of approval as of January 2018. This rule requires minimum qualifying rate for uninsured mortgag...

Read More

How to search for House or Condo for sale?

Posted on Oct 30, 2017 in Tips & Tricks

You have been pre-approved for your mortgage by your financial institution and now you know what limit and what budget range of a property you should be searching. But where do you search for a house or condo for sale?
The first step to start your purchase as a real estate buyer is to look for a knowledgeable real estate agent and REALTOR®. This is...

Read More

Should I buy Condo or House in Real Estate 

Posted on Oct 27, 2017 in Tips & Tricks

condo or house
Yesterday I was speaking with a family debating between wether they should buy a house for sale or Condo for sale.
This is quite a general statement but I try to detail it as much as possible.
Condo and Town houses fall under Strata properties. 
Houses despite of being just a house, can also fall under strata act and have strata in their title.
It is im...

Read More

 Real Estate Market From a REALTOR® View

Posted on Oct 26, 2017 in Tips & Tricks

How is the Real Estate market now? should i keep looking for a house for sale or maybe I should wait when the market quiets down. but what about my own house? Should I list the house on MLS® and sell my house now, or maybe I should wait a bit longer to see how the real estate market and its new listings inventory plays?

As a REALTOR®, I come cross t...

Read More