First-time and Condo buyers, Listen up. The stress test was first introduced on January 1st, 2018, buyers had to qualify at 4.79%. Now buyers will have to qualify at 5.25%. Starting June 1st. An increase of 0.46% This reduces the amount of borrowing power you have. if you qualified for 800k, you now qualify for about 760k. There will probably …
Canadian Mortgage Market Update with Tridac Mortgages
*This video was recorded before the stress test announcement* Watch this video to find out the correlation between the current real estate market and mortgage rates: I had the pleasure of sitting down with Christ Molder, a Principle Brocket from Tridac Mortgage, where we discussed the latest info on how the market is doing, and what potential policies the government …
March 2021 GTA and Mississauga Market Update
The numbers for the month of March are in and you won’t believe how hot the market is right now! These are the numbers you need to know for the month of March: GTA sales are up 97% from the same time last year and the months of inventory for each housing segment in Mississauga is under 1 month! That …
What Is Affecting The Great Toronto Area GTA Real Estate Market?
The real estate market is at an all-time high right now and experiencing a demand that has been non-stop crazy! But what exactly is causing all of this? Many factors come into play such as: 1. Interest rates 2. Immigration 3. Low inventory Watch this video to find out how all three of these factors play a key role …
Condos vs. Freehold
The beginning of the pandemic was already a year ago and buying preferences in the market began to take place. The condo market experienced a decline for the majority of the year, whereas freehold took off as people were in need of more space with having to stay home! Watch this video to get a more in-depth explanation and find …
How to Avoid Leaving Money on the Table in a Hot Market
As a seller, have you ever wondered if you were leaving money on the table? Listing agents are able to help avoid this from happening, by preparing the house and presenting the property to the prospective buyer in a way that will entice them to go above and beyond other homes. But, how is this done you may ask? The …
8 Questions To Ask A Real Estate Agent Before Hiring
Ever wonder what question’s you should be asking a real estate agent before hiring them to help you buy and/or sell your home? These are the eight most important questions you should always ask a real estate agent to make sure they’re the perfect fit for you and your situation! 1. How much do you normally sell your listings …
February 2021 GTA and Mississauga Market Update
The numbers for February are in and boy was is an INSANE month in the real estate market! Here are the numbers you need to know for the month of February: GTA sales are up 52.5% from the same time last year and is currently sitting at 0.79 months of inventory! That means all properties are selling within less than …
How To Do A Price Analysis In Today’s Market
When it comes to doing a price analysis, it’s important to stay organized and take certain things into consideration such as the sold price, sold date, and more importantly, the assessed value. In this video, I go through a step-by-step process on how you can complete a price analysis in today’s market. So if you’re planning to buy and/or sell …
Ten Myths About Real Estate
When it comes to real estate, there is a lot that is said that isn’t necessarily true. Click and watch this video to learn about 10 different real estate myths you may be stuck at home worrying about that you don’t need to waste your time on anymore! These are the 10 real estate myths you need to know: 1. …