The B-20 Mortgage Stress Test One Year In

It’s almost a year since the B-20 lending regulations came into effect where borrowers for a conventional mortgage were required to pass a stress test (with a mortgage payment using an interest rate that is the greater of 5.34% or their actual mortgage rate plus 2%.) If a borrower wanted to switch lenders to get a better rate, then they must …

Posted in Home Finance

How Long Should A Hot Water Tank Last?

We thought readers might find this useful. To help homeowners, Appleby Systems has put together a handy list of 4 signs identifying when it may be time to replace their hot water tank. How Long Should A Water Tank Last?  

Posted in Home Maintenance

2018 Holiday Open House

Thank you to everyone who was able to join us on December 2 at the TEAM Masterson Client Appreciation Holiday Open House. It was a pleasure seeing you and catching up on all that is new in your lives.  Here’s a short video of Ron Martin, Magician and Illusionist, which we filmed at the event …

Posted in Client Events, Living, Team News

Getting the Best Return on Investment

The results are in from the Royal LePage survey and it provides useful insights into the expected return on investment for various home renovation projects. Interested in learning more? Visit this link: Kitchen renovation has greatest potential to boost a property’s sale price

Posted in Buying and Selling, Home Renovation, Investing

Legalization of Cannabis and Its Possible Impact on Real Estate

As we approach the legalization of home cannabis cultivation and recreational use, there are many questions around the impact that it may have on the real estate market. Concerns revolve around the influence it could potentially have on property values. Most mortgage companies were unwilling to insure homes that were formerly used as cannabis grow operations. …

Posted in Buying and Selling, Home Maintenance, Income Properties, Investing

Understanding the New Ontario Standardized Lease Agreement

The new standardized lease agreement was created by the Ontario government for private residential leases of various property types including single and semi-detached houses, apartment buildings, condos and secondary units. ​ Effective April 30th, 2018, all leases used by a landlord in Ontario must be drawn up on the new standardized lease. For any lease that is …

Posted in Income Properties