Hugh Jemmott Sales Representative for Keller WIlliams Empowered Realty Inc.

12/05/2023

https://www.thestar.com/business/negative-amortizations-decline-as-more-canadian-homeowners-forced-to-sell-or-make-higher-mortgage-payments/article_af7119b0-92dd-11ee-8b4e-7f0f19e91052.html

Economist David Macdonald says it's time for the Bank of Canada to "move rapidly to unwind higher rates.”

11/28/2023

Experts say you have options to get around not qualifying for a mortgage after putting a down payment on a pre-con — including finding a co-signer.

10/30/2023

Welcome to 920 McCullough Dr. The Perfect Home Or Investment Property. Immaculate Solid Brick 1950'S Bungalow On A Quiet St In South Whitby. Only A 10 Min Walk To The Go Train And A 2 Min Drive To 401 Perfect For Commuters. Close To Many Amenities. Large Kitchen On Main Floor With Open Concept To Cozy Living Rm. Very Bright Home With Lots Of Windows(Vinyl). Laminate And Ceramic Floors Throughout Living Areas.Separate Side Entrance To Finished Basement With 2nd Kitchen,Bath And Living Space,Roof Shingles(2016), Furnace (2009), Freshly Painted(2017). Currently Tenanted Main Floor Tenant is Willing To Stay.

03/05/2023

"It's been almost a year since the Bank of Canada started the interest rate increases, we are seeing the result": DRAR president.

01/25/2023

https://www.forexlive.com/centralbank/preview-why-the-bank-of-canada-could-be-the-first-to-the-sidelines-20230124/

Don't underestimate the chance that the Bank of Canada holds rates and what it means for other central banks

01/03/2023

https://www.bbc.com/news/world-us-canada-64082923

The measure was enacted to tackle the pressing issue of housing affordability in the country.

12/31/2022

Well let's close the book on 2022 and get ready to ring in the new year with love and a positive attitude all the best in 2023

12/27/2022

Home sales and prices have fallen in 2022 as the Bank of Canada raised its policy interest rate in a bid to cool searing-hot inflation.

12/24/2022

Wishing all a safe and happy holidays!

12/18/2022

https://toronto.ctvnews.ca/it-s-officially-a-buyer-s-market-in-toronto-rbc-says-1.6197679

It is officially a buyer’s market in many parts of the GTA as the ratio of sales to new listings continues to slide amid an ongoing housing correction, a new report from a major Canadian bank says.

12/13/2022

https://toronto.ctvnews.ca/have-a-toronto-home-sitting-empty-you-could-face-the-new-vacancy-tax-in-the-new-year-1.6191905

Many residents who received the tax notice in the mail were concerned it might be part of a scam. But it’s not and if you don’t respond to it you could face a $250 fine.

12/08/2022

Canada’s mortgage stress tests seemed excessive last year, but they were insufficient. The recent Bank of Canada (BoC) rate hike pushed a number of variable rate borrowers above their stress test rate. BMO warns these borrowers haven’t been risk-tested for the current environment.  Canadian Mor...