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April 3, 2019 -- Chris Seney Sales Rep at Royal LePage RCR Realty announced that Newmarket REALTORS® reported 128 residential sales through TREB's MLS® System in March 2019.
Thinking about buying a Newmarket home? You've come to the right place. In this section, you'll find a wealth of information and advice about every step of the real estate process.
Thinking about selling your Newmarket home? You've come to the right place. This section takes you through the steps of selling your Newmarket property, and offers valuable information and resources for sellers.
March 1, 2019 -- TREB is continuing to call for a review and reconsideration of the current mortgage underwriting "stress test" imposed by the Office of the Superintendent of Financial Institutions (OFSI) Guideline B-20, as well as 30-year amortizations for federally insured mortgages. The test is requiring home buyers in the GTA to qualify to pay an average of $700 more per month than what they will actually pay.
Unfortunately, policy intervention can sometimes have unintended consequences, and we believe this to be the case with OFSI Guideline B-20, which should be reconsidered. Specifically, the government and OFSI should review this policy to determine if home buyers are being stress tested against rates that are realistic. Home buyers in the GTA, and the rest of the country, deserve a review and more discussion on this issue.
The OSFI stress test is requiring home buyers in the Greater Toronto Area to qualify to pay an average of $700 more per month than what they will actually pay.
Newmarket Open Houses
Newmarket Open House list this weekend
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Newmarket Open House list this weekend
