What Happens When... 

Posted on Nov 18, 2019

What happens when real estate deals cannot close on time?

In Ontario, real estate deals are supposed to close by 5:00 pm, since that is when the government registration system shuts down. By 5:00 pm, the buyer lawyer is supposed to have sent the required paperwork and money to the seller lawyer trust account and the seller lawyer must send the requi...

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One in Five Homes

Posted on Nov 12, 2019

One in five homes purchased by Canadian newcomers

• Canadian newcomers projected to make 680,000 home purchases over next five years
• 82% of newcomers choose to stay in their first city of residence
• 75% of newcomers arrive with savings to help purchase a home
• 75% of newcomers do not consider moving to the United States prior to arriving in Canada...

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Trudeau's Homebuyer Plan

Posted on Sep 03, 2019

Trudeau’s Homebuyer Plan Offers Little Solace in Canada’s Pricey Markets

Canadian Prime Minister Justin Trudeau wants to make housing more affordable for first-time buyers. His efforts may be of little help to people in the country’s priciest cities.
The national housing agency aims to spend up to C$1.25 billion ($940 million) over three years subsid...

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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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Get In Touch

Kirsten Pedersen

Royal LePage Meadowtowne Realty

View all addresses here 

Mobile: 905-691-7470