OSFI CONFIRMING CHANGES OF RESIDENTIAL MORTGAGE RULES

OSFI CONFIRMING CHANGES OF RESIDENTIAL MORTGAGE RULES

Recently, OSFI confirmed that their draft proposals for residential mortgage underwriting practices through revisions to Guideline B-20 are to become reality in January 1, 2018. The changes are threefold and impact the mortgage market by; Setting a higher qualifying...
A NEW ERA OF PROFESSIONALISM, PERFORMANCE, AND SKILLS

A NEW ERA OF PROFESSIONALISM, PERFORMANCE, AND SKILLS

The perception of what it takes to be a successful real estate team hasn’t changed much over time. People tend to think you simply have to love houses, possess an outgoing personality and a have a large social network. The gap between this perception and reality is...
What Can We Expect From the Fall Market 2017

What Can We Expect From the Fall Market 2017

This year has been a rollercoaster ride for real estate buyers and sellers alike. However, a strengthening Canadian economy is projected to have a positive, cascading impact on the nation’s high-end residential real estate market this fall. From January through April,...
SHOULD YOU BUY FIRST OR SELL FIRST?

SHOULD YOU BUY FIRST OR SELL FIRST?

It is the classic “chicken or egg” conundrum. Which comes first? Do you buy or sell first? In strong seller market conditions, such as we’re experiencing today, people tend to favour buying first, since they don’t know how long it will take them to find a...
DRAMATIC SHIFT IN MORTGAGE UNDERWRITING

DRAMATIC SHIFT IN MORTGAGE UNDERWRITING

Currently we are in a kind of market that even the most seasoned of Realtors has never seen.  The last sellers’ market, even remotely like this one, was the one that ended in 1988, and even that one did not sustain itself for as long as this one has. There are a few...

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