With home prices skyrocketing 30-50% or more over the past 365 days in many Southwestern Ontario markets — and homebuyers clamoring for more affordable options — the government has once again stepped in to save the day… …with a more stringent mortgage stress test. The newly-revised stress test, which went into effect June 1, requires uninsured buyers (those with more than a 20% down payment) to qualify at a 5.25% rate — 46 basis
Investing in real estate has been one of the most reliable ways to build wealth for centuries. Not only is it essentially recession-proof, but it’s also relatively simple in concept: buy a home, someone else lives in it, they pay rent every month, and you use that money to pay off your mortgage. But, just because it’s “simple,” it doesn’t mean that you don’t have to plan. Just like you would before investing in
It’s no secret that demand for homes in Waterloo Region is sky-high. Low interest rates, remote working, and the home’s more important role in our day-to-day lives have prompted many Ontarians to either renovate or make their move to their forever home, their cottage escape, or to downsize. Remote working, in particular, has had a massive impact on not just our market, but on markets across North America. Many buyers, no longer restricted by
Many people think that Realtors are capable of providing the level of service and expertise you need no matter the transaction. But, just as there’s a doctor for every part of the body, Realtors also have their areas of expertise. And really, a specialist is what you want and need given the size of the transaction. They are uniquely equipped with the insights, strategies, and refined skills to get you the best possible results.
By some estimates, 90% of the world’s millionaires have been created by investing in real estate. Yet, while investing in real estate has proven to be one of the most reliable, recession-proof, and now pandemic-proof ways to increase your net worth and create passive income, many see it as daunting and risky. It shouldn’t be. In fact, with the right mindset, strategy, and partners, it can actually be really simple! To help you, here