20 04, 2021

What in Tar Hill is a Stress Test Anyway?

By |2021-04-21T10:36:31-04:00April 20th, 2021|Uncategorized|0 Comments

You have heard the term, maybe on the radio, in a newspaper or in the news. Stress Test. But what is it exactly? A mortgage stress test is a way of determining exactly how much you can afford (and under what circumstances). If your income was reduced or you lost your job, could you still [...]

19 03, 2021

Early Spring Market Expected in Durham Region

By |2021-03-19T17:11:41-04:00March 19th, 2021|Buying a New House|0 Comments

Durham Region experienced a super-charged real estate market in January, which flowed from a booming fourth quarter in 2020. As a result, the area is on track to see an early spring market. In January, what’s typically a quiet month for home buyer activity, the Durham Region — which spans Ajax, Brock, Clarington, Oshawa, Pickering, [...]

6 11, 2020

Bank of Canada Signals Low Rates Until 2023

By |2020-11-06T14:40:50-05:00November 6th, 2020|Benchmark Rate, Housing Market, Interest Rates|0 Comments

Mortgage shoppers take note: Cheap money is here to stay, at least for the next two years, the Bank of Canada reaffirmed during its interest rate decision on Wednesday. The BoC had previously provided guidance that rates would remain at their effective lower bound—currently 0.25%—“until 2 percent inflation target is sustainably achieved,” but went a [...]

15 10, 2020

Stress Test Falls to 4.79%

By |2020-11-06T14:47:03-05:00October 15th, 2020|Stress Test|0 Comments

The stress test rate is about to fall for the second time in three months following cuts by Canada’s Big Six banks to their 5-year fixed posted rates. Mortgage experts say the Bank of Canada will reduce the benchmark qualifying rate—a.k.a., “stress test rate”—from 4.94% to 4.79% this week. National Bank of Canada cut its [...]

14 08, 2020

Clover Properties Featured Rent to Own Smart Agent: Anita Bongers-Lewis

By |2020-08-14T10:15:17-04:00August 14th, 2020|Real Estate, Real Estate Agents|0 Comments

Whether you qualify with Clover Properties to Rent to Own a condo, townhouse or detached home, choosing a home that you will call your own can be overwhelming. An experienced real estate agent can help simplify and speed up the house-hunting process for you and your family. Anita Bongers-Lewis is one of the outstanding agents [...]

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