Blog

What Housing Bubble

Posted on Aug 13, 2019


Is there a real estate bubble?  Toronto realtor Scott Shallow doesn’t believe it—at least not for the Toronto real estate market.

“In 2003 we started hearing about a bubble in Toronto. Major bank economists were calling for this bubble all through the 2000s and that has now completely flipped to the other side, with them saying that Toronto is just g...

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Mortgage Stress Test

Posted on Jul 24, 2019


Getting a mortgage can be tough, especially with the price of houses these days. But over the past year-and-a-half or so, borrowers have had an even tougher time securing a mortgage all thanks to the “mortgage stress test.”

What is the Mortgage Stress Test?
In the past borrowers with a 20 per cent down payment weren’t required to take a mortgage stre...

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10 Questions To Ask When Meeting With A Realtor

Posted on Jul 24, 2019


10 questions to ask when meeting with a Realtor

1. How did you come up with the recommended price?
Nobody can predict the exact value of your home, however, your agent should have prepared a formal market evaluation including similar sales and current competition so that you can discuss the pricing options available.

2. Your history and can you provid...

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Stone Veneer-Before & After

Posted on Jul 24, 2019


Stone Veneer – Before and After.
Manufactured stone veneer is often as striking and beautiful as the natural stone it emulates. Also known as faux stone, manufactured stone veneer is a manmade material designed to replicate the look of natural stone in a variety of architectural applications ranging from exterior façades to unique statement walls. S...

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Pros and Cons of Buying From a Builder

Posted on Jun 14, 2019


PROs:
1. You can choose your finishes
2. You can choose your lot location
3. There will be no stigmas or previous history of other occupants
4. Often, but not guaranteed, you pay a price today and it will be worth more by the time you move in
5. You can increase your down payment by giving the deposit now and saving over the next 12-24 months while it’s...

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Short Term Rentals and Air BNB – 5 LessonsYou Need To Know

Posted on Jun 10, 2019


1. What are the rules for AirBNB?
Every city in Ontario either has or will be announcing what the rules will be for renting out all or part of your property on AirBNB or other short term rental websites. In Toronto, for example, it is expected that only a principal residence will be able to be used for AirBNB. You can either have up to 3 of your bed...

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Get In Touch

Kirsten Pedersen

Royal LePage Meadowtowne Realty

View all addresses here 

Mobile: 905-691-7470

kirstenpedersen@royallepage.ca