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

Red Hot Market Continues

By: Shawn Lepp

Red Hot Market Continues

Tags: Buying a home, Selling a home, Market Conditions

      As we enter what is typically the beginning of the Spring Market in real estate, the market continues to be strong.   The average price of homes sold in the GTA last month was $875,983, an increase of 27.7% compared to the same time last year. In Durham Region, the average price rose 24.9% to $609,702.          The increase is being att...Read More

By: Shawn Lepp

What Insurance Makes More Sense? Mortgage or Life?

Tags: Buying a home, selling a home, mortgage insurance, life insurance

Many times people that are in the process of buying a home end up considering a mortgage insurance policy to protect them in case of a sudden change of circumstances leading to the inability to pay on their home. Did you know that even through closing, the mortgage is your obligation and regardless of unforeseen circumstances the note must be paid? That is why one of the things many buyers do is t...Read More

How Tax Law Changes Impact Your Return

By: Shawn Lepp

How Tax Law Changes Impact Your Return

Tags: Buying a home, Selling a home, tax laws

(NC) Feeling overwhelmed by the recent tax changes announced? Check out a few of the most important changes that may impact your tax return, decoded by the experts at H&R Block. More money, more taxes. The lower-middle income tax rate went down from 22 to 20.5 per cent, and a new tax bracket of 33 per cent was created for those earning more than $200,000 per year. So if you made more than $21...Read More