David Schooley, Broker
RE/MAX Twin City Realty Inc. Brokerage
Call/text +1 (519) 577-1212 | david@goinghome.ca
Dear David, We don’t qualify to purchase as much as we did a year ago. Should we look at a private mortgage? – LOOKING FOR OPTIONS DEAR OPTIONS: There are a number of mortgage alternatives, including A-type lenders (major banks), B-type lenders (major Canadian institutions, which may be less stringent in their rules) and private
Dear David, I currently own a 2-storey rental home with a mortgage on it. I would like to sell this property and buy the bungalow next door as a rental. If I am able to do so, will I have to pay capital gains on the sale? Also, will I need to pass a new
Dear David, I’ve heard rumours the past few weeks about a new and tougher “stress test” for those taking out a mortgage next year. What’s going on? – Nervous Buyer DEAR NERVOUS: The Office of the Superintendent of Financial Institutions (OSFI) is setting a new minimum qualifying rate for mortgages (referred to as a “stress