Years ago, when you accepted the offer, we marked the property as Conditionally Sold on the MLS, and since 80-90% of buyers waive conditions, we removed the property from the ACTIVE market. However, this procedure was unfair to the seller, as it precluded a chance of a back-up offer. So, the rules were changed (and it got confusing).

You still have the choice of us putting it as Pending (the new Conditionally Sold) on the MLS; during this time, we’ll stop actively marketing the listing and the property will be removed from Realtor.ca (or other sites).

Another option is Under Contract which informs other agents about the status (Conditional Sale), but it will remain on Realtor.ca. Buyer agents have the opportunity to present the home as an OPTION to…

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Ottawa, ON, February 18, 2020 – Earlier today, Minister of Finance Bill Morneau announced changes to the mortgage stress test.

The new benchmark rate used to determine the minimum qualifying rate for insured mortgages, coming into effect on April 6, 2020, will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications, plus 2 per cent.

Recently, the gap between the Bank of Canada’s five-year benchmark rate and borrowers’ actual contract rates has been widening, suggesting the benchmark rate has become less responsive to changes in the market.

In October 2016, Finance Canada introduced a stress test for insured mortgages. In 2017, the Office of the Superintendent of Financial Institutions (OSFI) issued…

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What is it?

International Women's Day (March 8) is a global day celebrating the social, economic, cultural and political achievements of women. We have some of the most dynamic and entrepreneurial women in our offices and we want to showcase our support for gender equality. Read More about the history and values of International women's day

What is the #EachForEqual pose?

Get a group together with arms out front at right angle to the body, elbows bent and palms down to make an equal sign to show that you are committing to being "each for equal" and that you will challenge the status quo and help forge women's equality. One or more of the group holds the Selfie Cards. Someone takes a picture. Post on social media using #IWD2020 #EachforEqual…

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