By: Shawn Lepp

How To Avoid Real Estate Fraud

Tags: Selling a Home in Durham Region

(NC) As housing prices climb in many markets across the country, real estate fraud can become a much more enticing prospect for scammers. While it's one of the lesser known kinds of fraud in Canada, its impact can be devastating. There are two types of real estate fraud that may result in financial losses — title fraud and foreclosure fraud. Title fraud happens when a fraudster steals ...Read More

By: Shawn Lepp

With Listings Up And Sales Down, Has The ‘Stress Test’ Affected Durham Region?

Tags: Buying a home in Durham Region, Selling a home in Durham Region, Real Estate in Durham Region

DURHAM REGION - February 7, 2018 - Durham Region Association of REALTORS® (DRAR) President Dennis Roberts reported 470 residential transactions in January 2018, a slight decrease from December 2017. January saw an increase in listings of 954 from 711 in December. There is 30 per cent increase year-over-year from January 2017, where there were 735 listings. “Amid the new mortgage ‘s...Read More

By: Shawn Lepp

With Listings Up And Sales Down, Has The ‘Stress Test’ Affected Durham Region?

Tags: Durham real estate, buying a home in Durham Region, Selling a home in Durham Region

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By: Shawn Lepp

The Sky Is Not Falling

Tags: Selling a home in Durham Region, Buying a home in Durham Regions

It seems that every time there is a change in rules around mortgages, some of the media interpret this to mean that the bottom is going to fall out of the real estate market. This is simply not true. The market is still strong. The Government has stepped in on several occasions to change the regulations surrounding mortgage s. The chart below shows historically they have done.  The reasons fo...Read More

By: Shawn Lepp

Canada's Banking Regulator Introduced New Mortgage Rules

Tags: Buying a home in Durham Region

Today the Government of Canada announced that they will changing the way people qualify for uninsured mortgages starting January 1, 2018. The official release can be found at http://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/B20_dft_nr.aspx   Several of the key points of this announcement: Clients looking to obtain a low ratio mortgage (MORE than 20% as a down payment) will have to q...Read More

By: Shawn Lepp

How Mortgages Have Changed

Tags: Buying a home in Durham Region

(NC) If you're like millions of Canadians, you're busy paying down your mortgage. It could take 25 years or so, but it can be a great way to accumulate personal wealth, especially if house prices rise. However, with changes to mortgages in recent years, it's important to understand just how they are different if you want to fully benefit from your home's potential to build yo...Read More

By: Shawn Lepp

Questions To Ask Before You Hire A Realtor

Tags: selling a home in Durham Region

Selling your home can be one of the biggest investments of your life and picking an agent is one of the critical issues that can cost or save you thousands of dollars. How do you know before you sign the contract that you have selected the right agent?  There are very specific questions you should be asking to ensure that you get the best representation for your needs. Below are just a f...Read More

By: Shawn Lepp

Market Change in Real Estate is Opportunity

Tags: Buying a home in Durham Region, Selling a home in Durham Region

In the last couple of months we have seen a lot of change in the real estate market.  Change is opportunity.  Shawn Lepp and his team welcomes the changes and is looking at how to capitalize on it for their clients.  The first step was to get together with Shawn's mastermind group of the top agents in each Region around the GTA, Dan Cooper, Kevin Larose, Barry Coh...Read More

By: Shawn Lepp

Save money on energy bills with new Ontario program

Tags: Buying a home in Durham Region, Tax savings

(NC) A new incentive program is making it easier for you to pocket big savings on your energy bill. The Home Energy Conservation Incentive Program from Enbridge Gas Distribution and Union Gas, in partnership with the Province of Ontario, is now available to all Ontarians who heat their home with natural gas, propane, oil or wood. Funded through a $100 million investment from Ontario's Green I...Read More

By: Shawn Lepp

Buying a property with a rental unit? Read this first

Tags: Buying a home in Durham Region, Buying an investment property

(NC) As housing prices rise, homeowners may look to income from a rented suite to help carry a mortgage. This can be a great strategy if you follow the rules and are well-prepared for being a landlord. Here are five key things to know. 1. There are new rules. The Canadian Mortgage and Housing Corporation now allows homeowners to count 100 per cent of the expected rent from a tenant suite tow...Read More