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Suddenly Home Sales Are Falling Apart Across the US!

Wednesday Jan 11th, 2017

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Months to find the perfect home in your price range, only to have your mortgage application rejected, or a home inspection turn up expensive repairs, is a nightmare—one that is coming true with increasing frequency, according to a new report from real estate listings website Trulia. A Trulia analysis of U.S. listings shows that 3.9 percent of homes that moved from for-sale to pending moved back to for-sale again, nearly double the rate in 2015. Such “failed... [read more]

Who Can End Tenancy Early

Sunday Oct 16th, 2016

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By Martin Rumack Effective Sept. 6, the Ontario government implemented changes to the Residential Tenancies Act 2006, which impacts both landlords and tenants in an important – and perhaps surprising – way. What has changed? The Sexual Violence and Harassment Action Plan Act, 2016, amends the legislation to benefit tenants who are victims of sexual or domestic violence, by allowing them to abridge the normal rules around giving notice to end a lease, as a means of... [read more]

Changes to Mortgage Qualifications 2016

Tuesday Oct 04th, 2016

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Federal Announcement - Housing Market Measures October 4, 2016 -- Canada's Finance Minister, The Hon. Bill Morneau, has announced measures related to the housing market. Specifically, the government announced the following: Measures intended to enhance fairness by closing a tax loophole that the government believes is being exploited by foreign buyers. Measures to address long-term housing affordability. A mortgage rate stress test will now be applied to all new mortgages... [read more]

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