Changing Mortgage Rates and the Housing Market According to RLP

Dominion Lending Centre Mortgage Agent Jeff Dickson sends us a weekly rate minder. It’s clear from his more recent mailings that both the posted rates and the preferred rates are on the rise. His recent report attributes some of the upward pressure on an unexpectedly strong US jobs report. With January job creation exceeding estimates, …

Posted in Buying and Selling, Home Finance

2017 Sales Results are In!

Many thanks to our valued clients for your trust and your referrals over the past twelve months. Because of you, we are thrilled to have received the Diamond Award for sales performance in 2017.  In fact, we ranked #3 by production and #3 team overall in 2017. We love what we do and we could not …

Posted in Team News

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