Welcome to our October newsletter!
There was another major shakeup to the real estate market announced this month: Starting on January 1st, anybody applying for a mortgage, whether you have a 20% down payment or not, will have to undergo the stress test. You’ll find more about the changes below. If you’re looking to get into the market or to switch lenders, now is the time to act – the changes apply to any deal even closing after December 31st.
You’ll find full market news and analysis below. Don’t miss the city’s best Halloween Stores, what $500K will buy across Toronto and our latest listings.
Remember, there’s no greater compliment than sending us a referral.
Marina and Mark
Marina Bolletta, Broker
Mark Tavares, Broker
Urbanlife Realty Inc., Brokerage