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The Perks of Home Ownership

Before you decide to buy a home, carefully consider the costs.

According to Canada Mortgage and Housing Corporation (CMHC), your monthly housing costs should not be more than about 35% of your gross monthly income. This includes costs such as mortgage payments and utilities.

Your entire monthly debt load should not be more than 42% of your gross monthly income. including mortgage payments and all your other debts.

Investing in a mortgage will pay off in the long run versus giving that money to a landlord.

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How Will the Newfoundland & Labrador Real Estate Market Fare?

Is there a pandemic occurring in Atlantic Canada? A look at the region’s housing data may convince any observer that Canada’s east coast was not experiencing a public health crisis. Despite the severity of COVID-19, the area has seen both its economy and the real estate sector grow to levels unseen before.  The Newfoundland and Labrador real estate market finished 2020 on a high note, and it kicked off 2021 with the same gusto.  Read more . . .

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St. John’s Real Estate: The Housing Market That is Topping the Charts

At the start of 2020, few would have anticipated that St. John’s real estate would be one of the hottest Canadian housing markets by the end of the year. Twelve months later and the nation’s east coast is witnessing exponential growth in its housing sector. Commercial development, population growth, and a rebounding economy are contributing to the area’s booming real estate market. And this could be a main headline in Canadian real estate news for many years to come.  Read more. . .


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It’s amazing what can happen once you step outside your comfort zone and take the first step towards something new!

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Saving for a Renovation? These 5 Small Things Can Keep You on Budget

Blowing the budget is everyone’s biggest fear when it comes to home renovation projects. Even if you follow standard guidelines—like building in a 20% cushion to cover unexpected costs, vetting contractors, and staying focused—it’s hard to prevent spending more than you’d like to. But with some strategic planning, you can save money in the lead-up to your big remodel and cut costs without cutting corners.

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Rather buy than renovate?  Check our our latest listings:


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Monday Motivation

The trials of life will test you, and shape you, but don’t let them change who you are.  Your only limitations are those you set upon yourself!


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Tips for Buyers

Home buying is an exciting but sometimes complex process. Learn all the ways a REALTOR® can help you succeed with the most important purchase of your life.  Once you’ve decided you’re ready to buy, a REALTOR® can guide you through the entire process and from start to finish.

If you are ready to buy, check our RE/MAX Infinity’s latest listings here:

Get the whole story here

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Tips for Sellers

Tips for sellers including everything you need to know from listing your home, to marketing your home and dealing with offers.  Maybe you have questions about deciding when to sell, how to manage your money; RE/MAX will have you ready for anything!

Read more tips and find helpful resources here:

Find an Expert Agent® to sell your home today!



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Mortgage Pre-Approval: What Lenders Want To Know

mortgage pre-approval is an important first step in the home-buying process. Having a pre-approval in hand tells you how much you can spend on a home, and it locks in the current low interest rate for up to 120 days, so you can shop the market knowing you’re insulated from rate hikes in the near future. If the rate drops, your lender should honor the new lower mortgage rate when you’re ready to make your purchase.

The amount that a financial institution is willing to lend for a mortgage depends on a number of factors. Your lender will check your financial standing to determine how much you can borrow, how much you can afford, and which loans might be best-suited to your specific circumstances. Applying for a mortgage requires a written application and supporting documentation, and it can be a slightly intimidating process. Here are three things lenders will want to know before giving you a mortgage pre-approval.

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Ready to buy?  Check out all the listings here:

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Canadian Real Estate and the New High Ratio Mortgage Rules

High Ratio Mortgage Rules

Canadian real estate has been a tough nut to crack for some homebuyers, and those with less than 20 per cent as a down payment now face another challenge, with Canada Mortgage and Housing Corp. (CMHC) announcing tighter qualification rules for borrowers of high-ratio mortgages. The move was in response to the economic vulnerabilities sparked by global pandemic. The changes, which include lower debt thresholds and higher credit ratings, came into effect on July 1, 2020. If you’re in the market to buy a home but have less than 20 per cent as a down payment, here’s what you should know.

Read the full article here:

Check out our latest listings here:

Ready to buy? Here’s what you need to know!

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Will Canadian Real Estate Prices Decline? Not Likely

Blog post

The strength of the Canadian real estate market has continued to prove itself time and time again during the pandemic. While we’re not out of the woods yet, we are expecting continued growth for the duration of 2020.  With an active market for the foreseeable future and balanced conditions at the national level into 2021, this is great news for Canadians.

So why all the fear mongering by the CMHC?

The Canada Mortgage and Housing Corporation’s Chief Economist Bob Dugan, told reporters at a press conference recently that the agency stands by its previous forecast in May that warned of a decline in Canadian house prices between nine and 18%.

“I’m not convinced that we have a sustainable basis for housing demand in the economic disturbance that’s going on related to COVID-19,” Dugan said. “That’s why I say I stand by the forecasts.”

We expressed our concerns over CMHC’s predictions in the spring, and Dugan’s latest statement continues to raise eyebrows. Ours, and other industry insiders as well, as the Canadian housing market stays on its upward course.

While I can appreciate some of the reasoning that went into CMHC’s prediction, especially in the spring when so much was still unknown.  The market data doesn’t support such a steep price decline. Especially with the two largest real estate markets of Toronto and Vancouver continuing their upward momentum. The Prairies are facing different circumstances and challenges due to the resources sector, however Ontario and BC are expected to offset slower activity in Saskatchewan and Alberta.

Read the full article:

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Gross Debt Service Ratio

Anyone else confused by all the different mortgage terms floating around? Let’s take a closer look 🔍: