Application of “Stress Test” Affects Homeowners

Posted by & filed under Buying a Home.

Thinking of buying a home? If so, you should be aware of some new housing rule changes that will drastically affect the borrowing amount for home buyers. The Introduction of a “Stress Test” to All New Mortgages The biggest change is the introduction of a “stress test” to all new, insured mortgages – including those… Read more »

Should I BUY or SELL first?

Posted by & filed under Buying a Home.

By Sean Cowan That’s a good question. It’s a question many people in this market ask themselves. It really depends on your comfort level and where you’re looking to move. The advantage of listing and selling first is; you will know exactly how much money you have in your pocket when it comes to shopping for… Read more »

How Does Real Estate Competition Really Work?

Posted by & filed under Burlington, Buying a Home, Financial Preparation, Selling your Home, Waterdown.

These days there is more competition than ever for the relatively few available properties. Overall listing inventory is way down with only 306 listings available for sale in Burlington versus last year at this time when there were 409 properties on the market. Couple that with the fact that there are more buyers seeking these… Read more »