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The Laurels - Price List

Clockwork4 - Price List

Credits to Steve Huebl
September 25, 2024

OSFI has confirmed that it will remove the requirement for lenders to apply the Minimum Qualifying Rate (MQR) to straight switches of uninsured mortgages.

Superintendent Peter Routledge confirmed that OSFI will formally announce this change on November 21, 2024, as part of the regulator’s quarterly release pilot, with the change coming into effect that same day.

This change will make it easier for borrowers to switch lenders at renewal without having to prove they can afford their mortgage at a higher rate.

The stress test, introduced in January...

Credits to Becky Robertson
Posted September 5, 2024

For the first time in as long as monthly data has been available, the Toronto Regional Real Estate Board (TRREB) — the largest group of its kind in Canada — has seen a drop in membership numbers, serving as just another indication of the trouble the market is in.

Selling homes has typically been an extremely lucrative profession in the city, with its insatiable demand, ever-higher prices and high commission cheques.

But, sales have dwindled to rock-bottom levels in recent months, especially for condos, which were once an easy sell to...

Credits to Judy Lamelza

By Special to Ontario Construction News -August 27, 2024

Toronto’s once-booming condo market is currently facing significant challenges, with a steep decline in sales and a surplus of unsold units. This downturn has raised concerns among developers, workers in the construction industry, and potential homeowners alike. The following blog outlines the key issues facing the market, based on recent reports and expert opinions.

The Greater Toronto Hamilton Area (GTHA) has experienced a dramatic drop in condo sales, reaching a 27-year low in the first half of 2024.

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What does NOSi mean?

A Notice of Security Interest (NOSI) is a notice that may be registered on the Land Registry by a business when it rents, finances or leases certain goods or equipment installed on a property – such as a water heater, furnace or HVAC unit.

What is a NOSI’s purpose? Originally, it was meant to protect providers of in-home appliances, such as heaters and air conditioning units, from customers who fell behind on payments.

These units, which become a part of the home, can be registered on the title of the property if they are not purchased outright (for example, in...