If you plan on buying a home after June 1st, will you still be able to qualify? Homebuyers and investors have wondered what the changes to the Stress Test mean for their future real estate plans. According to CBC News, Canada's top banking regulator is considering raising the mortgage stress test. 5.25% or two percentage points above the market rate (whichever is higher). Why now, and what does that mean for you? It comes down to this; Buyers will have their finances tested to ensure they can cover their mortgage, should there be an increase in rates. It's no secret that mortgage rates are at an all-time low. Implementing this would ensure you are not forced into selling your home...
The weather is warming up, and the days are getting longer, which can only mean one thing, summer is just around the corner! So, if you’re thinking about selling this spring/summer season or you want to make the most out of your outdoor spaces, here some essential tips and tricks you can use to get your home summer-ready!
If you don't already know, we're currently in what's called a "Seller's Market" and are set to remain in this marketing territory until the end of 2021.
Every homeowner wants to sell their property for the most money possible, but even if you’re in the middle of a seller’s market, like we are right now, you still need to update your home and prepare it for listing. In order to maximize your home’s selling potential and secure the highest possible bid, follow these steps to get your home market-ready.
Navigating the housing market can be challenging; however, if you’re armed with an analytical eye and the correct knowledge of what to look out for, you can easily handle any property you’re interested in with the help of your buyer agent!
