We're officially a month into 2018, and one full month into the latest mortgage stress test. Are you feeling the pinch? With the Bank of Canada's latest interest rate hike, and more increases rumoured for 2018, if you're looking to buy a home and sweating a bit about budget, you're not alone.
But let's take a step back and look at the Mortgage Stress Test from a different perspective ...
Why was the Stress Test introduced?
Concerns are mounting about the amount of household debt Canadian have been taking on. With interest rates hitting a record low, many stretched their home-buying budget (and mortgage amount!) to the MAX - particularly in Canada's priciest housing markets, such as Greater Toronto and Vancouver.
When it comes to selling your home, hiring a real estate agent not only means less work, worry and risk, it means hiring someone who is knowledgeable and well-versed in all aspects of the real estate industry. You want someone who knows your neighbourhood, your community and has the experience necessary to sell your home quickly and for the best price.
Choosing to work with Team Beauchesne means you will have full support from our team of Real Estate, Sales and Marketing Specialists who will assist you with the following, from start to finish, throughout your entire real estate transaction:
Determine the asking price for your home based on real-time market analysis and extensive real estate market experience
In this Real Estate Magazine video, real estate lawyer Mark Weisleder outlines the difference between patent and latent defects, and what needs to be disclosed by the vendor when they are selling a property. Mark also offers some valuable tips for buyers on ways to tell if a property they are interested in has a checkered past.
When you work with a member of Team Beauchesne, you are working with professionals with over 15 years of experience supporting both buyers and sellers through their real estate transactions, from start to finish.
Draw upon Team Beauchesne's vast experience and market knowledge to confidently move forward in today's real estate market.
Diane (Team Leader), Jean, Sarah, Carole, Dylan, Rick and Kimberly
Clean out those ever accumulating piles of paper and help stock the Barrie Food Banks shelves at Team Beauchesne's Community Shred Day in support of the Barrie Food Bank, on Saturday, September 9, 2017 from 11 am to 2 pm.
Team Beauchesne, in partnership with Shred North, and in support of the Barrie Food Bank, will be accepting residential paper items to be professionally shredded, then confidentially recycled, in exchange for generous cash or food item donations to the Barrie Food Bank.
Every is welcome to participate in this rain or shine event!
Saturday, September 9, 2017
11 am - 2 pm
Barrie Food Bank - located at 42 Anne Street South, Unit 2, off of Army Navy Airforce Drive, behind Pioneer
In response to this Statistics Canada report, City of Barrie Mayor - Jeff Lehman remarks "Barrie's has the 2nd lowest crime index in Canada in 2016, according to Statistics Canada. Congratulations to Barrie Police, whose community oriented policing strategies have helped bring about a 40% drop in crime over the past ten years. And thank you to all the organizations in Barrie who partner with our police and help us make our city safer. All the statistics are at the link below along with an in-depth look at trends in crime in Canada. I think it's interesting to see how the reality matches (or doesn't) perception."
A safe community adds value to our homes and properties. We already know Barrie is a great place to live, now there are stats too!
While the Barrie housing market is somewhat unique, there are many similarities that are shared with other housing markets in Canada, like the Toronto housing market. This insightful Huffington Post article shares five reasons why the Toronto housing market won't crash.