In The News | June 30th, 2022

Posted by Greg Dewar on June 30th, 2022

IN THE NEWS

A quick look at the stories that are affecting our local real estate market. [June 30th, 2022]

OSFI makes real estate loan changes aimed at reducing lender risk

June 28, 2022 - cambridgetoday.ca

Canada's banking regulator is tightening requirements for some types of real estate loans to protect homeowners who may be at greater risk from higher interest rates.

The Office of the Superintendent of Financial Institutions says changes affect combined loan plans like reverse mortgages or loans with shared equity features, which have grown in popularity in recent years but may be riskier for lenders.

For borrowers who owe more than 65 per cent of the loan value, a portion of their payment must to go toward the loan principal…

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Advantages of Buying A Home in the Winter

Posted by Greg Dewar on November 19th, 2021

Advantages of Buying a Home in the Winter

Don't wait until Spring!

We've shared how to find a hot deal on a home purchase in the summer, but many clients often ask me when the best time of year is to purchase a home. Many people say that it's crucial to buy a home in the spring or summer because you have the most options to choose from but the reality is that people buy and sell homes all year. What a lot of people don't realize is that buying a home in winter can actually have a lot of advantages that you might not even have considered.

One of the biggest advantages to buying a home in the winter is avoiding competition. With most people focused on the holiday season, there is less competition for homes. In today's bidding war-centered real…

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Exploring Cambridge’s Diverse Neighbourhoods

Posted by Greg Dewar on November 9th, 2021

Welcome to
Cambridge, Ontario

As a Cambridge realtor, I frequently get asked what part of Cambridge is best to live in. My answer always depends on what the asker’s lifestyle is – do they like to be in the thick of things or are they looking for a quiet spot to settle down? Do they have children or would they prefer to be in a good location to commute to Toronto?

One of the reasons why Cambridge is such an appealing place to live is because of its proximity to Toronto and also because the city itself is mature with a wide range of different styles of homes. There are four main neighbourhoods in Cambridge – each of which I’ve written about before but I think is worth tying together with an nice overview for an even easier comparison.

…

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Should I Purchase a Condo or a House?

Posted by Greg Dewar on September 16th, 2021

House or Condo: What Should I Purchase?

Looking for a new home can be tough, especially when you are not exactly sure what you want. The best thing you can do is make a list of your non-negotiables. What does your new home absolutely need to have? This will make your ultimate decisions a lot easier. In fact, it will even help determine the type of property that will best suit your needs - a condo or a house? There are a few things to take into consideration when choosing between the two.

Price

If you are just looking to invest in a piece of real estate, condos are generally less expensive than detached homes. This holds true, of course, unless you are comparing at a house in the middle of nowhere and condo in the heart of an urban…

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