TEAM Masterson Now Members of “Who’s Who in Luxury Real Estate”!

Most who know us, know that we would work with a full range of client sellers and buyers, from condos to castles. So, we’re very excited to share that we’ve recently been offered membership to the “Who’s Who in Luxury Real Estate.” The group is a worldwide collection of top brokers and salespeople representing the finest properties …

Posted in Team News

Canadian Home Sales Edge Up

Canadian Home Sales Edge Up Ottawa, ON, November 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a modest monthly increase in October but remain below levels recorded one year ago. Highlights: National home sales rose 0.9 per cent from September to October. Actual (not seasonally adjusted) activity …

Posted in Buying and Selling

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