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New Mortgage Rules for 2018

Starting January 1, new mortgage lending rules will require borrowers to undergo a financial ‘stress test’ to prove they could afford their mortgage if interest rates were to increase. Currently, buyers who provide less than 20% of their purchase price as a down payment are required to insure their mortgages. They must purchase mortgage insurance […]

November Blues? Not in the real estate market…

Members of the Ottawa Real Estate Board sold 1,239 residential properties in November through the Board’s Multiple Listing Service System compared with 992 in November 2016, an increase of 24.9 percent. The five-year average for November sales is 1,001. The Office of the Superintendent of Financial Institution’s (OSFI) announcement regarding the new stress tests for […]

Should You Own A Generator?

Winter is approaching and with it, blizzards, ice storms, and other extreme weather events for which we Canadians ought to be prepared. Even if you live in an urban area with lots of resources and amenities, your family should have an emergency plan in place and an emergency kit on hand that includes everything you […]