November 2018

There are 3 blog entries for November 2018.

Whether you've been on the lookout for a new home for a while now, or have only just begun, showing up at open houses can be overwhelming, especially when there are so many potential buyers looking at the same properties. How can you get the most out of each open house and find one that suites your needs? Keep reading to find out. 

There's no such thing as a stupid question... 

Purchasing a home is a big investment. Find out all that you can about the home, beyond what is written on the listing. Questions like... 

Make the time

Don't rush through an open house. You'll want to imagine yourself living in the home - that means taking the time to pause during the open to really think about whether the home is a good fit for you and your

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We had blogged about the new mortgage borrowing rules that went into effect January 1, back when it was first announced (here). We just wanted to give you a specific example of what this means and what impact we expect it to have on the market. Just to be clear, the new rules only affects homebuyers who have 20% or more in down payment. Homebuyers with less than 20% down payment will not be affected - there will be no change in the amount of mortgage you qualify for. 

A quick refresher before we get into the example: as of January 1, homebuyers will need to qualify at their current mortgage rate plus 2%, or the average 5-year posted bank rate of 4.99% (whichever is higher). By using this stress test, banks will ensure that the borrower would still be

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