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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The Top 10 Things you Need to do to Prepare your Home for Sale

Posted by Greg Dewar on December 31st, 2021

The Top 10 Things You Need To Do To Prepare Your Home For Sale

There are many ways to prepare your home to sell to ensure you get top value for your property. We’ve compiled a list of what we think are the most important tasks to undertake leading up to your house’s sale.

1. Emotionally Detach

It’s important to constantly remind yourself why you’re selling the property. Remember the reasons why selling your property is good for you and your family and try your best to emotionally distance yourself. The sale of your home has now become a business transaction. It is likely that both buyer and seller will be making concessions in one way or the other, so keep that in mind. 

2. View the Home from a Buyer’s Perspective

Now that you’re mentally…

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Selling Your Home in the Winter

Posted by Greg Dewar on December 3rd, 2021

Selling Your Home in the Winter

Winter may be upon us, but the local real estate market is still hot. With many sellers holding off until the spring, this is a perfect opportunity to take advantage of a demanding housing market. The last thing in-the-know home sellers want to do is to slack off on their home’s curb appeal during the winter months. Those trying to sell a home during the winter should take extra care of their property’s exterior to help stand apart from other listings. A little bit of holiday cheer can go a long way when making a first impression with potential home buyers. Here are some tips to help increase your home’s winter curb appeal:

Walkways

There is no way to sell the home if buyers cannot make it to the front door. Take…

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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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