OSFI Will Be Introducing a New “Stress Test” for Uninsured Mortgages (greater than 20% down payment) Effective January 1, 2018.

The Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for the mortgage industry, which include a “stress test” for uninsured mortgages. Home buyers with 20% or greater down payments will need to qualify for their mortgages using the higher of the average 5-year posted rate (currently 4.89%) or 2.00% higher than their actual mortgage …

Posted in Buying and Selling, Home Finance

Understanding Ontario’s Real Estate Boom – Presentation by Craig Alexander

On Wednesday, September 27th, we had the privilege of attending a presentation given by Craig Alexander, the Senior Vice-President and Chief Economist at the Conference Board of Canada. For a bit more insight into the Conference Board and Mr. Alexander’s background, click here. The subject of the presentation was ‘Understanding Ontario’s Real Estate Boom.’ We …

Posted in Buying and Selling, Home Finance, Market Evaluation

Bronte Village Mall Redevelopment

  Here’s a brief synopsis about the redevelopment of the Bronte Village Mall for anyone that missed the August 30th meeting. The site has been approved for an attractive, tiered luxury rental apartment complex complete with a market square and select retail. We can expect the demolition of the mall with the exception of the …

Posted in Local News

Did You Know?

A cloudy day is the best time to clean your windows. Why? Because the sun is not strong enough to dry the cleanser before you’re done wiping off the window. To prevent stains on granite counters, be sure to get them sealed before they’re installed and one year following installation. You will know if they’ve …

Posted in Environmental, Home Maintenance

Royal LePage National Garage Sale for Shelter – Sat. May 13th

Team Masterson is pleased to be participating along with their brokerage office, Royal LePage Realty Plus Oakville in the 9th annual National Garage Sale for Shelter this Saturday, May 13th from 8:00 am to 1:00 pm. The event takes place at our brokerage office, 2347 Lakeshore Road West, Oakville. This event is held each year …

Posted in Team News

Real Estate Market Update – What’s Happening Around the GTA?

On May 1st, Team Masterson attended a real estate market update session with guest speaker Phil Soper, President & CEO of Royal LePage and Brookfield Real Estate Services Inc. Before I share his insights, you might want to know a bit about the man behind the presentation and the company behind the man. Phil Soper …

Posted in Buying and Selling, Income Properties, Market Evaluation