Blog
Changes to Mortgage Rules & the Primary Residence Capital Gains Exemption
Tidbits on changes to mortgage rules and the primary residence capital gains exemption. In October, the federal government announced changes to the guidelines for borrowers of high-ratio mortgages. Let’s first look at the difference between a high ratio insured mortgage and conventional or low ratio non-insured mortgage. An ‘Insured Mortgage’ is one where a home […]
Implications of the New Mortgage Regulations
In an announcement from TD Economist Diana Petramala, the implications for the Ontario market are less significant due to booming demand and tight inventories. Here’s a synopsis of her comments: With demand weakening, the national sales-to-listings ratio came down more than 3 points to 59.6 in the month, tipping the national market back into balanced territory. […]
Landlord Licensing in Toronto?
A proposal to the Toronto City Council will be made regarding landlord licensing. It concerns approval of a new regulatory by-law for rental apartments, which would require that all buildings are registered with the city. Additionally, the proposal looks to have a process in place for tracking tenant repair requests, installation of a notification board, implementation of a […]
LED Lights Are Here to Stay…
LED lights are here to stay and they offer many advantages. They guarantee a ‘greener’ future. So what is LED light? The acronym stands for light-emitting diode – a solid-state lighting that uses a semiconductor to convert electricity into light. Let’s look at their key features and benefits: LED bulbs are 6-7 times more efficient […]
Tips for Toronto Living
Check out this short and informative video from the Toronto Real Estate Board for some useful tips. Toronto Living – Homeowners Kit for Energy Ideas and Savings
Current Colour Trends – Gray vs. Beige?
We are often asked about paint colours when helping clients get their homes ready to sell. Current colour trends can be found online (here’s the link if you’re a Benjamin Moore fan like me – Benjamin Moore – 2016 Colour Trends). It is not always necessary to hop on the bandwagon though. While neutral walls […]