It’s now been more than a year since the stress test came into effect. The policy requires that you qualify at 2% higher than your agreed upon rate with your lender. This test applies whether you put down more or less than 20% on the home.
Home improvements, if done with purpose, can make your real estate investment even more profitable. By updating through renovations, additions and general maintenance, you can increase your home's value and command a higher selling price.
The small details in a home make a big difference, and discerning buyers will look at your home through a magnifying glass. That’s why we’ve listed a few budget-friendly and quick home renovations you should do before listing your home.
With would-be buyers finally adjusting to the stress test and interest rates looking like their taking a breather, 2019 may be a strong year for home sales in Toronto and other major markets in Canada.
If you’re familiar with Newinhomes.com, you know that we typically focus on new home construction and the Greater Toronto Area housing market in general. But, this month, we’ll also be focusing on home renovation tips!
In the last week, the City of Toronto received more than 200 calls from residents because their water wasn’t working. According to a release from the City, more than 90% of the water issues were due to frozen pipes on private property.