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 …
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 …
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 …
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 …
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 …
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 …