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Margaret Unrut

Changes Are Coming For Homebuyers

Thursday May 16th, 2019

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All levels of government: federal, provincial and municipal have proposed changes to the real estate industry. The hope is to make home buying easier for first time buyers. Proposed changes may also make it more difficult for current homeowners wishing to move up to a luxury home by increasing Land Transfer Taxes. Here’s what you need to know. RRSP HOME BUYERS PLAN The federal government is considering an increase to the withdrawal limits that first-time homebuyers can make from... [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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