What’s Up Wednesday 06/16/2021

General Tyler Hynes 16 Jun

What’s Up Wednesday 06/16/2021 Short and concise info on Canadian economy and housing market from the last week. Housing Market OverallThe market overall remains historically active, but we have seen a decrease in both new property listings, a decrease in prices, and lower demand for 2 consecutive months. Multiple factors play into the decline, but […]

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What’s Up Wednesday 06/09/2021

General Tyler Hynes 9 Jun

What’s Up Wednesday 06/09/2021 What’s Up Wednesday Short and concise info on Canadian economy and housing market from the last week. Housing MarketData is showing the general housing market prices and sales are beginning to level off in the areas surrounding the metropolitan urban centres. While prices are still rising and sales following suit in […]

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What’s Up Wednesday 06/02/2021

General Tyler Hynes 2 Jun

What’s Up Wednesday 06/02/2021 Short and concise info on the last week. Stress TestThe new stress test has now taken affect, for everyone. Initially, the new measures were subject to Uninsured mortgage holders, with 20% or more of a down payment/ held equity.It’s expected that as much as 5% of overall buying power will be […]

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What’s Up Wednesday 05/26/2021

General Tyler Hynes 26 May

What’s Up Wednesday 05/26/2021 Short and concise info on the last week. Mortgage Stress TestThe new stress test measures have been confirmed, and will take effect starting on June 1st, 2021. The original group of uninsured mortgage borrowers affected will now also include those who have high ratio mortgage with default insurance. The current stress […]

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What’s Up Wednesday 05/19/2021

General Tyler Hynes 19 May

Short and concise info on the last week. Housing MarketCanada’s housing market is finally starting to cool. Home sales came down by more than 12% last month and new listings are close behind with more than 5% decrease. Average home price in Canada after removing outliers like the GTA and Vancouver areas, home prices average […]

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What’s Up Wednesday 05/05/2021

General Tyler Hynes 5 May

Short and concise info on the last week. Real Estate and Housing Market Toronto sales down 20% in the month of April as the market cools. Supply around Ontario is rising as more homes come on the market for prime moving months of the year. Bidding wars across Canada beginning to cool as supply is […]

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What’s Up Wednesday 04/28/2021

General Tyler Hynes 28 Apr

What’s Up Wednesday Short and concise info from the last week. Housing and Real Estate National Bank of Canada’s CEO announced late last week that plans are being considered to slow the boom of housing prices over the next few months, considerations being new regulation on banning blind bidding on homes, and potential changes to […]

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Mortgage Implications of the CEWS on Business Owners

General Tyler Hynes 28 Apr

Mortgage Implications of the CEWS on Business Owners What is the CEWS? The CEWS (Canada Emergency Wage Subsidy) is an economic stimulus package for businesses and business owners that have seen negative financial outcomes and revenue losses due to the Covid-19 Pandemic. During the pandemic, Ontario has suffered many economic hardships, which have been carried […]

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What is the Difference Between a Mortgage Agent and Mortgage Broker?

General Tyler Hynes 26 Apr

What is the Difference Between a Mortgage Agent and Mortgage Broker? The differences between a Mortgage Agent and Mortgage Broker are fairly straight forward, and do not affect the ability to serve clients. There are 5 main differences between Agents and Brokers: Title, License class, Educational focus, Supervision ability, and the ability to become a […]

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