NEW MORTGAGE RULES Yesterday, the Office of the Superintendent of Financial Institutions Canada (OSFI) published the final version of Guideline B-20 (Residential Mortgage Underwriting Practices and Procedures).   The revised Guideline, which comes into effect on January 1, 2018, applies to all... [read more]

                                            NEW MORTGAGE RULES    Yesterday, the Office of the Superintendent of Financial Institutions Canada (OSFI) published the final version of Guideline B-20 (Residential Mortgage Underwriting Practices and Procedures).  The revised Guideline, which comes into effect on January 1,... [read more]

1, Working with a professional provides peace of mind.  REALTORS® adhere to a strict code of ethics, are insured and are committed to ongoing education. They have intimate knowledge of sales and trends in the local marketplace and their knowledge of contract law also ensures the paperwork is handled correctly. 2. Get information on new listings first. Not only do REALTORS® have access to a multiple... [read more]

In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]