Articles

Over the years Jaclyn has written numerous articles showcasing her knowledge in design and home selling/buying. Feel free to browse and read through them.

News

FYI: sellers and buyers should be aware; TIME to Buy and Sell is now!

I’m not sure if you had heard but OSFI was contemplating adding a new stress test to uninsured mortgages… well, they did it. Effective Jan 1, 2018, all uninsured mortgage loans will need to qualify at 2% above the contract rate.

If you are sitting on the fence, now may be a good time to buy and sell! Are you ready to make a move?

The implementation of this new “stress test” will have a significant impact on a buyer’s budget.

For example, Today’s buyer with 20% down payment earning $150K per year will qualify for $750K in mortgage money at 3.14% interest.

As of Jan 1, in that scenario you will qualify for $610K. Overnight, you will “lose” $140K out of your home buying budget.

Here's a link to the OSFI new release.

Toronto Real Estate Board

RECO Home Buying and Selling Information

Toronto Real Estate Board Year in Review and Outlook Reports

Read the Toronto Real Estate Board Year in Review and Outlook Report 2018 here.

Monthly Stats Highlights

Personal Interest

Colour and Design

Home Buying/Selling