CMHC Reviews Underwriting Criteria Effective July 1, the following changes will apply for new applications for homeowner transactional and portfolio mortgage insurance: Limiting the Gross/Total Debt Servicing (GDS/TDS) ratios to our standard requirements of 35/42; Establish minimum credit score of 680 for at least one borrower; and Non-traditional sources of down payment that increase indebtedness will no longer be treated as equity for insurance purposes. To further manage... [read more]

      It's December 30, 2020 and Housing Demand in the Durham Real Estate Housing Market is currently outpacing supply, which we have noticed has had an impact on average home prices across the region.   Average Residential Sales Price in Durham Region is up 14% year over year. Based on stats, there are currently 1.1 month worth of supply, equalling a Sellers Market.   An influx of buyers from outside the Durham Region accounts for some... [read more]

  🔥The Stats are in!! 🔥 Withstanding an unprecedented year due to COVID-19🤒, including necessary public health restrictions😷 and uncertainty 🤷surrounding the economy, Greater Toronto Area REALTORS® reported 🤓over 95,000 home🏠 sales in 2020📆. A steep COVID-induced 🤒drop-off in demand⤵️ during the spring, home sales rebounded 🤸‍♂️📈back to record levels throughout the summer and fall.  ⚡Highlights ⚡ from 2020... [read more]

  <iframe width="560" height="315" src="https://www.youtube.com/embed/LmTbog1E6eg" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>     The Durham Region Association of Realtors reported an 11 % increase↑↑↑ in residential🏘🏘 transactions in Durham Region in the first month of 2021 📅 compared to... [read more]

Shut Down Home Intruders With These 7 Safety Strategies   A break and enter occurs every 90 seconds in Canada.1 Fortunately, there are some proven tactics you can use to decrease your likelihood of a home invasion. Most burglars won’t go to extreme lengths to enter your home. They are looking for easy access with minimal risk. A monitored security system can be an effective deterrent—homes without one are 300% more likely to be burglarized—but it isn’t the... [read more]