Eden  Mesganaw

Eden Mesganaw

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Eden Mesganaw's blog

Condo Prices in Canada Expected to ‘Weaken’ in Large Markets in 2021: RBC

Article from Ainsley Smith published on Oct 5, 2020

Widespread lockdowns to contain the spread of COVID-19 resulted in one of the biggest shocks to Canada’s economy this spring, prompting “unprecedented” government action to financially support households affected by the pandemic.

Home Prices in Canada Expected to Drop in 2021 as Pandemic Concerns Continue to Mount

 Article by Hermina Paull published on September 25, 2020 11:01 AM 

While the Canadian housing market appears entirely immune to the negative effects of the current recession with the summer months registering record-breaking home sales and soaring prices, CMHC warns that the trend will not continue into the long run.

Government Benefits for Home Owners

  • Government Funding

CMHC Announces Changes to Mortgage Insurance Underwriting and Acceptance Criteria

CMHC announced changes to its mortgage insurance underwriting and acceptance criteria.
Effective July 1, these changes will take effect for new applications for homeowner transactional and portfolio mortgage insurance:

The 4 First Time Home Buyer Incentive by the Federal Government in 2019

1. The First-Time Home Buyer Tax Credit

The First-Time Home Buyer Tax Credit amount is valued at $750 for all first-time home buyers.

How do you get it, and what are the eligibility requirements?

First Time home buyer tax credit must be claimed on your personal tax return for the year affiliated with your home purchase.

Any qualification necessary aside from being a first-time home buyer?

COVID-19 Property Showing Policy

Given the current COVID-19 crisis, we have implemented the following protocol in order to safeguard the health and safety of our clients and our community, while also ensuring that buyers are able to view and obtain the information they need to make an offer:

1) We urge all buyers to view the photographs/video tour of the property attached to this listing before booking a showing.

COVID-19 Real Estate Financial Assistance To Help Canadians

Buying or selling a house is a big undertaking under normal circumstances, let alone in the midst of a pandemic. With economic impacts and the uncertainty that accompanies day-to-day life, Canada’s federal, provincial and municipal governments and companies have implemented a number of COVID-19 relief measures to help soften the financial blow.

Should You Move or Renovate?

1. Will a renovation truly fix what you don’t like about your property?

If you’re tired of a small kitchen, for example, given the layout of your house, it might not be possible to make it any bigger. On the other hand, if you’re craving a spacious rec room with a cozy fireplace, then a renovation could make that happen.

Do You Know the Basics of Home Security?

Most people feel confident that they know the basics of home security. For example, they know to: keep all doors locked; have a light on in the house while away; and, never hide a key outside in an obvious place, like under the mat.

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