Lee Quaile Broker of Record - Five weeks of promises and pledges are now behind us – with Canadians having just elected our 44th session of Parliament, we are once again left with a minority government in charge of determining the country’s direction for the next few years.  The Liberals managed to eek out the largest proportionate number of seats once more, with the Conservatives firmly...

Here’s a look at the update from TD: “The Office of the Superintendent of Financial Institutions (OSFI) recently proposed a change to uninsured qualifying rate rules. Upon confirmation, effective June 1, 2021, OSFI will require uninsured mortgages, including TD Home Equity FlexLine borrowers, to qualify at the greater of: the OSFI-defined five-year minimum qualifying rate...

Keeping within the borders of Waterloo Region for this week’s community profile, we’ll be looking at Elmira, Ontario.  Set only 20 minutes north of Uptown Waterloo (and an even shorter drive from the attractions of St. Jacob’s and the amenities of King and Northfield in Waterloo) is this cozy community of a little more than 12,000 people.  Key to Elmira’s charm is its ideal balance...

CANADIAN REGULATORS MOVE TO STRENGTHEN MORTGAGE STRESS-TEST Inflation and real estate aren’t two things we often see mentioned in the same sentence. Our notice of the effects of inflation is usually limited to everyday purchases – food, clothing, gas or other household items. After all, it makes sense you’d take note when your weekend grocery run ends up costing you significantly more over time,...

Choosing The Right Sales Representative Your Sales Representative is a trained professional who knows all aspects of the real estate market. A Sales Representative will save you time, money and aggravation. As with purchasing a home, you want to list with the Sales Representative who is the expert in your location. After all, potential purchasers will be calling this same "area expert" to inquire about...

Chestnut Park West These are far from the easiest of times to be operating in our market as a home buyer – we get it.  The past few months have seen staggering increases in average sale prices across all types of housing in Waterloo-Wellington which have seemingly been pricing ever more people right out of the market, and dashing dreams of homeownership for prospective first-time buyers. ...