Blog

What Happens when you Make an Offer?

If you want to buy a new washing machine, you simply go into a retail store and pay the listed price. Pretty simple. However, it doesn’t work quite that way when it comes to real estate. Although a home will usually have a “listed price”, you must make an “offer” for ...

Continue Reading

Mortgage Stress Test Changes on June 1, 2021

Canada’s banking regulator has proposed changes that would strengthen the stress test applied to uninsured mortgages. The Office of the Superintendent of Financial Institutions (OSFI) unveiled its proposed changes on Thursday April 8th, which would require borrowers applying for uninsured mortgages—typically those with more than a 20% down payment—to qualify at ...

Continue Reading

6 Things Stagers Will Definitely Want to Change in Your House Before You List It—So Be Prepared!

We’re pretty attached to our stuff, aren’t we? Family photos, knick-knacks, and artwork—they reflect our personalities and styles. However, those might be a problem if you’re showing your home to potential buyers. They want to imagine themselves living in a beautiful, clean space, and that means properly staging a house for ...

Continue Reading

Can REALTORS®—or Clients—Secretly Record Potential Buyers?

Smile! You’re being secretly recorded. Oh, the joys of privacy law! With more twists and turns than an Agatha Christie novel, it truly is the gift that keeps on giving… if you’re a privacy lawyer. For normal people, maybe not so much. Perhaps it’s because of the warmer weather that’s just around ...

Continue Reading

Federal Budget 2021: What You Need to Know

Courtesy Canadian Real Estate Association Last month, Finance Minister Chrystia Freeland tabled the federal government’s first budget in more than two years. The budget includes $100 billion in stimulus measures to assist economic recovery as Canada moves through the pandemic, with a heavy emphasis on child care and climate change. REALTORS® can ...

Continue Reading

Home Maintenance Tips for the Summer Season

Father's Day signifies summer is here! So here are my top tips to get you ready for summer.   1 of 17 Ensure all air vents are clean and uncluttered In keeping with maintaining proper air flow throughout your home, it’s important to make sure all air vents and returns (ducts that suck air ...

Continue Reading

One Quarter of Canadians Aged 25 to 35 Purchased a Property During Pandemic

According to a recent Royal LePage demographic survey, nearly half (48%) of Canadians aged 25 to 35 currently own their home, and 25 per cent of these homeowners purchased a property during the pandemic. Royal LePage reports, that among non-homeowners, there is a strong intention to purchase in the future ...

Continue Reading

Is Your Home in “Move-In” Condition?

When buyers view your home, they ask themselves whether they like it. Assuming that the answer is “yes”, they try to determine how much work would be required before they could move in. It’s not uncommon for a buyer to be interested in a property but be turned off by the ...

Continue Reading

Further Restrictions Imposed in Light of Record COVID-19 Numbers

To keep you abreast of developments in local real estate, I share this notice to members of the Toronto Regional Real Estate Board with you. The province has announced several major new public health restrictions in an effort to deal with record daily COVID-19 case counts and intensive care admissions. Takeaways for ...

Continue Reading

How Much Can you Afford?

Why is it so important to know how much you can afford to spend on a home? Two reasons. First, you don’t want to buy a property and then find out, after you’ve moved in, that you can’t financially maintain it. That would mean having to resell it under stressful conditions. Second, you ...

Continue Reading