The Real Estate and Mortgage Show - October 29
On this week's episode, Steve, Barb, Frank and Lisa continue to discuss the impact of Ottawa's new mortgage qualifying policies which have come into effect.
Frank opens up the discussion with a recap on the new policies that have been implemented. Frank clarifies the difference between the actual mortgage rate you will receive versus the qualifying rate, and how the qualifying rate can affect, or rather limit your overall purchase power.
Lisa recommends that if you are planning on listing your home for sale, but wish to fix it up a bit with some minor, or major renovations, now is the time to contact a real estate professional so that they can help guide you on which areas of your home would benefit you the most in regards to market appeal and improvement-to-dollar ratio.