Articles

The dramatic increase in property values coupled with the increase in interest rates is making the goal of owning a home an impossibility for many millenials. The reality is that many millenials will need the financial support and assistance of their parents or relatives to help them obtain a down payment to purchase a home.

As interest rates have increased over the past year along with the cost of living and other expenses, more and more borrowers are unable to qualify for bank or institutional mortgages when buying a property or when renewing the mortgage at maturity.  As a result, many borrowers are resorting to private mortgages to allow them

The new Trust in Real Estate Services Act, 2002 (TRESA) is replacing the Real Estate and Business Brokers Act (REBBA).  Phase 2 of the regulatory changes will come into effect on December 1, 2023.  This column will explain the new changes their implications and the possible impact for realtors and brokerages.  Below are some, but