Eden Mesganaw's blog

TREB News | Jan 21, 2021

Verifying the identity and documents of a potential tenant, buyer, or seller is critical.

Treb News | 07 January 2021

For a breakdown ofTRREB’s MLS^® System housing numbers for December and 2020, view our latest Market Watch reports, housing market charts and infographic below.

Treb News published on 12 January 2021

Effective immediately for at least 28 days, the province is implementing a second province-wide state of emergency, putting further restrictions on retail hours and gathering sizes to combat a dramatic rise in COVID-19 cases. Real estate still remains an essential service, and you can still conduct business following all public health directives and protocols. 

From Treb News 14 January 2021

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.

 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 Funding
  

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:

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?

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.