Is mortgage insurance important?

I had the pleasure of interviewing Christopher Lee, from Sunlife, about mortgage insurance.I remember when I got a mortgage for my first home years ago.  The bank added mortgage coverage by default and didn't tell me.  (I mean, it's possible they went through it when I was installing 30 pages, but if they did, I don't remember)I'm sure the coverage differs between all the banks, but mine was...

Why You Need to Rent a Place Soon!

Last week, I had the pleasure of helping two people find two rental units downtown. I've seen the same pattern over many years, so I'll tell you exactly what I told them: There is always a spike in activity in the Summer months leading up to September because of the start of the school year.The smart students already secured a place in June.  By July, most students only begin to think about...

Why do you need mortgage insurance?

Why do you need Mortgage Insurance? Join Lawrence Mak and Christopher Lee as we discuss the benefits of mortgage insurance and methods of protecting your largest asset. Why do you need mortgage insurance?What about mortgage insurance through your financial institution?What are the pros and cons with getting mortgage insurance through your bank?Who's the beneficiary?What other benefits can you...

How to Prepare Your Home for Sale?

I'm pleased to announce our newest listing at 4201 Hartfield Grove in Mississauga. This is a gorgeous 4 bedroom, 6 washroom house with 2 full bedrooms in the basement and a separate entrance. For photos, virtual tours, floor plans and pricing, go to:www.4201HartField.com  Although staging and photography took about a week, the preparation by the owners took much longer.  When...

Sell Your Home for the Most Money

In this video, you'll learn the 4 secrets to selling your home for the most money: Secret #1: More buyers will get more money Secret #2: More emotions will get you more money Secret #3: More experience will get more money Secret #4: Pricing your home right, will get you more money I was fortunate enough to win this free video production at a Small and Mightly Networking event. Their...

Buyers May Lose $50k in Purchasing Power

As you may have heard, there is a new "Stress Test" that will be taking place on June 1, 2021. I had the opportunity to ask Chris Molder, a mortgage broker from Tridac Mortgage, about the changes and how it affects home buyers. Watch the Interview The stress test increased from 4.79% to 5.25% and now affects both insured and uninsured mortgages. So if you need a mortgage of $1,000,000, your...

4 Secrets to Selling Your Home for the Most Money

4 Secrets to Selling Your Home for the Most Money Join Lawrence Mak As he explains the 4 secrets to selling your home for the most money. Secret #1: More buyers will get more money Secret #2: More emotions will get you more money Secret #3: More experience will get more money Secret #4: Pricing your home right, will get you more money If you have any questions about selling your...

New Mortgage Stress Test (June 1, 2021)

As you may have heard, there is a new "Stress Test" that will be taking place on June 1, 2021. I had the opportunity to ask Chris Molder, a mortgage broker from Tridac Mortgage, about the changes and how it affects home buyers. The stress test is increased from 4.79% to 5.25% and now affects both insured and uninsured mortgages. So if you need a mortgage of $1,000,000, your purchasing power is...

The Market is slowing down!

The average price is up +32.8% compared with last year, when COVID started.  But if you look at the numbers from March, they are actually dropping. I am seeing a softening in Mississauga and Brampton.  For about half of the houses we were looking at, they actually accepted a "conditional" offer! In a super-Seller's market, this is unheard of, so it suggests that either fewer listings are...

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