Mortgage Market Update and News about the Qualifying Stress Test rate increase

Eric Fabien from OttawaMortgaeShop.com gives us an update regarding the new stress test for qualifying for a mortgage, as well as giving us the current rates for a variable and fixed rate mortgage.

• Variable Rate Mortgage Today ...

Income Properties with Permits issued after April 2017 will see huge reduction in Taxes for 35 years.

A new bill has just been passed by the Ontario Government concerning properties with 2 or more units in them, where the permit was issued after April 2017.

These building owners are about ...

This article covers a couple of recent changes that will affect owners and purchasers of income properties.

As you are probably aware, the province of Ontario has recently mandated the use of their leases for all landlords and tenants. Failure to provide the lease, if requested by a tenant, will ...

The New Ontario Standard Lease

Starting April 30, 2018, Ontario landlords of most private residential rental units – from individual landlords to property management companies – must use the standard lease template for all new leases.

The standard lease uses language that is easy to understand in order to ensure ...

Want a Copy of the New Standardized Lease Agreement for Ontario, taking effect April 30, 2018?

Last week, the Ontario Government released a new standardized lease agreement for private residential leases which includes; single and semi-detached houses, apartment buildings, rented condos and secondary units.

The landlord is required to provide ...

There have been some recent changes to the Ontario Residential Tenancies Act under Bill 124

Included in these changes are:

• Changes to the family reason for Terminating a Lease
• Expanded rent controls
• New rules and forms for Evictions and more

It was announced that Rental Controls are now extended to ...

New Rules In Effect Jan. 1st Will Affect Your Buying Power & Your Ability To Refinance Your Home!

I heard that the new stress test will devalue what someone can afford by 21%. So if one planned to buy a house at $400,000, they may be looking at just ...

What do new mortgage rules mean for a new buyer?

We've had a lot of questions from buyers regarding the new rules that come into effect on October 17th 2016. After this date there will be different rules for qualifying for your mortgage, as well as the amount of ...