By: LYNN

Changes to the Condominium Act 1988

Tags: OREA, Condominium Act, New Rules

OREA Government Relations recently communicated to its members that The Government of Ontario has introduced new changes to the Condominium Act, 1998 related to an expansion of the jurisdiction of the Condominium Authority Tribunal (CAT) – the Province’s virtual tribunal that helps resolve condo-related disputes. As of January 1st, 2022, the CAT will be granted the auth...Read More

By: Royal LePage

Top 10 Tips for Selling your Home in the Winter

Tags: Selling home, winter, tips, Royal LePage Winter Market Survey

The common notion that spring is a better time to sell than winter is being challenged by today’s hot seller’s market conditions. A recent Royal LePage survey found that 79% of real estate professionals say they would advise their clients to sell this winter, rather than wait until spring; significantly higher than the 64% who say they would have given that advice prior to the pandemic...Read More

By: LYNN

Conquering the Fear of Paying too Much for a Home

Tags: buyer's,real estate,offer,home

You've heard of "buyer's regret".  It refers to purchasing a pricey item, like a fancy sweater or a new car, and then regretting it the next day because you think you paid too much. Fear of buyer’s regret can actually dissuade people from making a purchase, even when the price is right and they really want the product!   In the real estate world, buyers can some...Read More

By: LYNN

Is It Better To Own Or Rent?

Tags: own, rent, home prices, financial, royal lepage

Have you ever taken the time to work out what is financially better, owning or renting? No worries, Royal Lepage has done it for you.  According to a Royal LePage-sponsored study by economist Will Dunning, it has been determined that it is more financially beneficial to purchase a home than to rent in Canada. For more information, click here to read the full report....Read More

By: LYNN

Most Popular Spaces to Reno and Their Costs

Tags: Renovate,Improving Your Home,Home Value

(NC) After spending so much time at home last year, it’s no surprise many of us are changing our spaces to fit our current needs. Canadian homeowners who renovated this past year spent an average of $4,525, according to a recent report by insurance company Aviva Canada. Thinking about improving your home? Check out how much Canadians have spent on average for the most common renos, and...Read More

By: Lynn

Anything for Alzheimer's

Tags: Alzheimer's, ListwithLynn, Alzheimer's Society

The ListwithLynn Team is beyond thrilled with the success of our Anything for Alzheimer’s fundraiser.  We had set a goal of raising $1,000 for the Alzheimer’s Society and we surpassed that goal! With the assistance of our clients, we created a Cookbook with 28 of our favourite recipes and we also held a garage sale.  The total raised from both initiatives surpassed $1,100.00...Read More

By: LYNN

Reverse Mortgages

Tags: Reverse Mortgages, Retirement, Home Equity Bank, Equitable Bank

  If your retirement plan included selling your home to cash out and downsize over the last 15 months, then you likely realized an exceptionally good return on your investment. However, if you love your home, your neighbours, and the community you live in, and don’t want to move somewhere else, what do you do? How can you access your equity without having to sell?  That’s w...Read More

By: LYNN

Mortgage Stress Test

Tags: Mortgage Stress Test, Mortgage, Rate

It is now official, the mortgage stress-test rate used to qualify insured and uninsured mortgages increased June 1st, 2021 from 4.79% to 5.25%.  This change reduces the amount of mortgage a household can qualify for by about 5%.   If you have been pre-approved and have not purchased before today you will need to be re-qualified using the new stress test rate.   The purp...Read More

By: Jason Claringbold

What You Need To Know About Mortgage Insurance

Tags: Mortgage Insurance, Life Insurance

When you are approved for a mortgage, your lender will offer to sell you mortgage insurance. That may seem convenient, but before you say yes to mortgage insurance, you should know that you have other options.  Protecting your mortgage with an individually owned term insurance plan offers you and your loved ones better guarantees and greater choice. Quite simply, Life Insurance provides bett...Read More

By: LYNN

Can Home Improvements Affect Your Home Insurance?

Tags: Insurance, Renovations

(NC) Our homes have become our havens during the pandemic, whether we’re homebodies or not.  While we’re staring at old linoleum flooring, wrestling with stuffed closets and dreaming of installing a backyard hot tub, being at home has many of us pining for upgrades to our space. Now with the weather warming up, lots...Read More

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