Almaguin Highlands Market Report – 2017

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Thinking of Buying /Selling in the Almaguin Highlands/North of Muskoka in 2018 . Check out this Market Report for 2017. Have a question on a specific area or buying/selling contact your local real estate connection for local knowledge & expertise.



New Technology for Area Real Estate

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From December 5th 2017,  the website used by members of The Lakelands Association of Realtors Board which covers the areas Muskoka, Haliburton & Orillia as formed a collation with 12 other real estate boards to be serviced by one member’s website and will be known as the Ontario Collective.

You are probably asking what does this mean – agents in the areas below will have access to our listings at their fingertips & vice versa. Looking to buy a property your realtor will be able to complete a more detailed personalized search and able to communicate direct with your agent through this system resulting in up to date listings and information.

  1. London & St Thomas
  2. Tillsonburg
  3. Woodstock-Ingersoll
  4. North Bay
  5. Grey Bruce – Owen Sound
  6. Southern Georgian Bay
  7. Parry Sound
  8. Quinte & District
  9. Bancroft & Area
  10. Kawartha Lakes
  11. Northumberland Hills
  12. Peterborough & Kawarthas

If you have any questions or wish to register for your personalized property search contact me via email or call 705-783-9366.





Mortgage 101: Pre-qualifying Vs. Pre-approval

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What Does It All Mean?

Buying a home can be stressful, in large part because trying to understand all of the vocabulary and various terms associated with the process can be confusing. In many instances, terms are easily confused with each other, which can lead to problems for homebuyers, especially in competitive markets. One example of this is pre-qualification vs. pre-approval, which are two entirely different things. Even loan officers and real estate agents occasionally get the terms confused, so it definitely pays to know the difference. Read on to learn more about the difference between pre-qualification and pre-approval when it comes to the mortgage process.

Mortgage Loan Pre-Qualification

A mortgage loan pre-qualification is essentially an estimate of how much you can afford to spend on your future home in conjunction with how much money a lender would be willing to give you. The pre-qualification process is much simpler than that of a pre-approval, and because of this, it is often suggested to obtain one before you even start looking for a home. Continue Reading →


New Mortgage Rules from Today

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OTTAWA — New federal rules for Canadian mortgages have now gone into effect.

The changes affect properties that cost more than $500,000 — a small percentage of the overall market.

Buyers can still have a five per cent down payment on the first $500,000 of a home purchase but must now put at least 10 per cent down on the portion above $500,000.

Finance Minister Bill Morneau has said the new measure — effective Monday — aims to ensure buyers have sufficient equity in their homes.

Lenders also face new capital requirements to keep pace with the growing risk of the real estate markets that they bankroll.

And Canada Mortgage and Housing Corp. will change the fees it charges issuers of mortgage-backed securities.

The Finance Department has tightened mortgage rules on several occasions in recent years — along with requiring stricter enforcement and management of loans — to weed out marginal buyers and speculators.

The Canadian Press

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