The Canadian government has proposed new rules related to the mortgage stress test which would take effect on June 1, 2021. To review, the mortgage stress test was introduced by the government to help limit the number of Canadians who run into financial trouble by overextending themselves by assuming a mortgage they can’t comfortably pay for. 


As the real estate market has experienced continued growth and significant price increases during the global pandemic, many have been calling for regulatory changes in order reduce the risk of a market crash and to stop Canadians from assuming too much housing debt. 

Here’s How These Changes Will Affect You 

The proposed changes will increase the minimum qualifying rate for an uninsured mortgage from 4.79% to 5.25%. As a result, it will make qualifying for a mortgage more difficult for many Canadians. Simply put, on average, home buyers will be able to qualify for four to five percent less in funding because of this change....

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Ready to buy or sell a home in Oakville? While you may be tempted to try and tackle the process on your own, know that an experienced real estate agent can provide you with invaluable expertise and support. Below you’ll find five reasons why it’s essential to work with a professional real estate agent for any type of real estate transaction.


1.  A Good Realtor Will Educate You, Not Sell To You.


Obviously, a real estate agent wants to help clients buy and sell homes. However, a good agent is dedicated to much more than just selling. They will also help you understand the entire process so you know what to expect. A quality agent wants to make sure you make a smart and educated decision.


For example, if you want to list your home, an experienced Oakville realtor will help you navigate through the following areas:

  • Determining if your property is ready for the market.
  • Having professional home staging done.
  • Deciding on a fair price.
  • Providing you with...
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Many people made the decision to focus on their space in 2020 as a result of spending so much time at home. Whether you worked with a top Oakville realtor like Sue Heddle Homes to find a new home or decided to undertake renovations, home owners were focused on finding an aesthetic and a layout that was as functional and as comfortable as possible. 


There was a bit of an anything goes approach to home design in 2020 as we faced so much uncertainty and change. As such, some of the trends that made their mark over the last few years are predicted to not make the transition into 2021.  

4 Trends That Won’t Make It Through 2021 

While you should always choose design elements that speak to you and that make you love your space, if you’re looking for inspiration for 2021 design projects, keep reading to learn more about what you may want to consider.


1 - Open Floor Plans.


The pandemic certainly changed the way people used their homes. As such, open concept...

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We’ve talked before about the difference between a deposit and a down payment, but those who are in the market to buy a home in Oakville, Milton, Mississauga or Burlington also need to be prepared to handle the many other costs that can come with buying a home. Working with an experienced Oakville realtor can set you up for a smooth buying experience and help you understand what costs may pop up and when. Potential costs when buying a home should be carefully considered ahead of time in order to avoid financial difficulty in the future.


Since buying a home in Oakville or the GTA will have a large impact on your bank account, we’ve laid out potential costs that may also be associated with your purchase. Take the time to explore the costs and do your homework so that you’re well aware of how much funding you will need to add to the purchase price of your home, based on the market you’re in.

Have You Added These Home Buying Costs Into Your Budget? ...

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Located in Alton Village, a family friendly neighbourhood in Burlington, this new condo development offers a modern, contemporary design paired with a convenient location. Developed by Adi Developments, these units are a great choice for first time buyers, investors and for those looking to downsize.



Want to learn more about these highly anticipated units? Contact Sue Heddle Homes at 416-906-7998. We can help you navigate the options and help you fnd the right unit for your needs.

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