Canada’s mortgage ‘stress test’ level falls for 3rd time since pandemic began

Rate falls to 4.79% to theoretically allow a borrower to be approved for a larger loan.  The bar at which the finances of Canadian mortgage borrowers gets tested has just been lowered, making it easier for would-be home buyers to reach. Five-year posted mortgage rates at Canada’s big banks have inched lower in recent weeks, enough to […]

Montreal-area residential sales jump 46% in July, setting new record for month

  This marks the second straight double-digit increase in Montreal-area property sales, following June’s 16 per cent advance. Montreal’s residential real estate market continued to play catch-up last month. Some 5,356 residential property sales were concluded in Montreal’s census metropolitan area in July, a 46 per cent surge and a new record for the month, according to […]

Working With a Real Estate Broker

  Given the amount of money involved and the complexity of the transaction, the sale or purchase of a property deserves careful planning and ongoing support. The road that leads to the sale or purchase of a home may include obstacles along the way and stressful situations (legal documents, negotiations, multiple offers, etc.), but the […]