Home Heroes Real Estate

Even Amazon recognizes that the traditional way of selling your home is ...the decidedly analog business of buying and selling real estate...

Looks like the BOC (Bank of Canada) has loosened the mortgage stress test rate. Their initial introduction of the stress test dramatically decreased the purchasing power buyer's had when purchasing a home - by about 20%. Meaning if you qualified for a $400,000 home before the stress test, you would qualify for $320,000 after. While this change is only slightly, it does help a little bit.

Here’s what you need to know about Canada’s coming First Time Home Buyer Incentive. https://www.theglobeandmail.com//article-ottawas-first-ti/

‘We see Bank of Canada on hold for next couple of years’

Good news if you have a variable rate mortgage, or revolving credit line and are concerned about rising payments.