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TIPS FOR ADDED VALUE INTERIOR

(October 31, 2017)

ARTICLE FROM PILLAR TO POST INSPECTION COMPANY


Many home sellers often overlook easy and relatively inexpensive fixes and upgrades that not only increase visual appeal, but may also add real value to a home's selling price. While major remodeling is costly and may not address the needs and tastes of prospective buyers, these repairs and maintenance suggestions have universal appeal and may help a h... read more.

BANK OF CANADA HOLDS RATE

(October 27, 2017)

Good Afternoon,

The Bank of Canada met yesterday and decided not to increase the overnight rate - which influences our Prime rate. So Prime is still at 3.2% currently. The link below is an article on the decision.

Maybe the government feels that it has done enough for now to cool off the over-heated Vancouver and Toronto markets, with 2 recent rate hikes and aggressive "stress testing" to be introdu... read more.

MORTGAGE RULE CHANGES

(October 18, 2017)

Good Afternoon,

Well, unfortunately the changes we were all hoping would not happen have materialized. OSFI (the federal bank regulator) has confirmed that as of January 1, 2018 ALL uninsured mortgages (that is all mortgages with a loan to value of 1-80%) will now undergo a 'stress test' of qualifying at 2% OVER contract rate (that is the mortgage rate they are currently receiving) An article follo... read more.

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