As you may have heard, the Bank of Canada announced its last increase in 2022. Please do not panic when you turn on the news and hear this. Here is what you need to know below. What is the increase?: + 0.50% Clients with a fixed rate: This announcement does not affect...
CLICK FOR PDI CHECKLIST! What is a Tarion warranty on a new home? A new build home that is registered under Tarion comes with a warranty split into three sections: ➡ 1 Year for things like material defects or missed upgrades. ➡ 2 Years for things like water...
It seems difficult to forecast the future of the Canadian real estate market during this time. Many of us have questions about when social distancing measures will be loosened, and life will return to normal. Earlier this year the market was sizzling and in most major...
Bank maintains overnight benchmark rate at 0.25% As expected, the Bank of Canada announced that it is holding its key interest rate target at 0.25%. The Bank acknowledged the hefty economic impact due to COVID-19, and although the pandemic appears to have peaked,...
APRIL STATS PRESS RELEASE IN MARCH WE WERE ASKED BY THE GOVERNMENT TO CHANGE THE WAY WE DO BUSINESS. I AM HAPPY TO SAY BOTH REALTORS AND MEMBERS OF THE COMMUNITY ADAPTED TO THE NEW WAY IN WHICH HOMES ARE BOUGHT AND SOLD. WITH OUR CLIENTS AND COMMUNITY IN MIND WE HAVE...
First-Time Home Buyer Incentive The First-Time Home Buyer Incentive (the Incentive) helps qualified first-time homebuyers reduce their monthly mortgage carrying costs without adding to their financial burdens. You need to have the minimum down payment to be eligible....
