Barrie and area real estate sales perk up in June 2018.
The Canadian Real Estate Association released its statistics for the month of June. All statistics are of interest but one has to take into account the inflated nature of 2016 and 2017 which artificially inflated numbers, only to create large gaps in sales levels, which can be defined as a moderate change back to normal […]
More proposed new mortgage rules may effect mortgage refinances.
Be prepared! The Office of the Superintendent of Financial Institutions (OFSI) is proposing more new mortgage rules that may come into effect October 2017, exactly the same time of the year that the last big changes were made in 2016. The last round of changes affected first time buyers the most because of the increase […]
Barrie and district home sales have set a new all time record in March 2017
Barrie and district home sales have set a new all time record in March 2017. Unbelievable and no wonder many home buyers are experiencing bidding wars with most homes selling significantly above the asking price. This proves most problematic for First Time Buyers who are the most vulnerable to issues of affordability and inexperience in […]
Provincial Government announces new housing measures.
Today, the provincial government announced new measures to try to “cool” the housing market in the GTA and surrounding areas. The focus of these measures are as follows: Introduce a 15% tax on foreign buyers Expand rent control to units built after 1991. This is because rents on new properties have been increasing at an alarming pace […]
