Jessi Sandhu - Your Brampton Real Estate Agent
Home Owners News and Articles | My Blog

HELOC usage continues to accelerate - BoC

12/1/2021 | Posted in Canadian HELOC by Jessi Sandhu

senior-calculator-585.jpg - Real Estate News HELOC debt has also increased at a much faster rate compared to GDP, official figures indicate ... More


Buying vs Renting study: Homeowners come out in front financially in more than 90% of scenarios analyzed

9/28/2021 | Posted in Home Owners by Jessi Sandhu

own-or-rent-sign-120.jpg - Real Estate News Homeowners paid $769 less per month than renters in Q2 2021, on average ... More


Do you have a rental unit in your home? Prepare to meet the tax man

9/17/2021 | Posted in Home Owners by Jessi Sandhu

house-for-rent-87.jpg - Real Estate News There can be tax consequences when you convert your home, or part of it, into a rental ... More


More than 10% of hot-market homeowners own more than one home

7/29/2021 | Posted in Canadian Housing Market by Jessi Sandhu

home-purchase-contract-441.jpg - Real Estate News New report highlights how equity in owners’ primary residence has facilitated their investments. ... More


Federal Government Launches New Home Retrofit Grant Program

6/1/2021 | Posted in Home Owners by Jessi Sandhu

couple-laptop-106.jpg - Real Estate News The federal government has launched a new program that offers homeowners grants to retrofit their homes and make them more energy efficient. ... More


Canadians investing in their homes

4/27/2021 | Posted in Home Owners by Jessi Sandhu

home-maintenance--repairs-99.jpg - Real Estate News If you’re like most Canadians, you’re more likely to tackle a home renovation than sell your current house and buy another or purchase an investment property. ... More


Does deferring payments during the pandemic affect your credit score?

4/14/2021 | Posted in Home Owners by Jessi Sandhu

happy-people-looking-blueprint-254.jpg - Real Estate News According to Equifax, last year there were 900,000 deferred mortgages and 1.2 million deferred credit card payments. ... More


Home Ownership Top Of Mind for Millennials

2/26/2021 | Posted in Home Owners by Jessi Sandhu

browse-homes-online-135.jpg - Real Estate News Nearly half of Canadians aged 25 to 35 own their home; one quarter of these homeowners have purchased a property since the onset of the COVID-19 pandemic, while 52% say remote ... More


CMHC: majority of mortgage deferrals have ended, risk of arrears could re-emerge

2/25/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

cmhc-news-7.jpg - Real Estate News Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but CMHC says the risk of these borrowers falling into arrears could ... More


CMHC reveals which workers have highest share of mortgage deferrals

1/27/2021 | Posted in Mortgages and Real Estate by Jessi Sandhu

stressed-couple-244.jpg - Real Estate News High numbers correlate with those most severely hit by unemployment ... More


Ontario says crews can finish ongoing home renovations, but new projects are on hold

1/16/2021 | Posted in Ontario News by Jessi Sandhu

home-maintenance--repairs-99.jpg - Real Estate News Ontario homeowners who haven’t started work on their renovation projects as of Jan. 12 will have to put their plans on hold under the province’s new construction ... More


How homeowners can save from Feds' climate plan

1/4/2021 | Posted in Home Owners by Jessi Sandhu

home-piggy-bank-251.jpg - Real Estate News The feds plan to provide homeowners with up to $5,000 in grants and one million free EnerGuide assessments to make their homes more energy efficient. ... More


These 5 ingredients add up to an easier-to-clean kitchen

9/15/2020 | Posted in Home Maintenance by Jessi Sandhu

kitchen-cleaning-500.jpg - Real Estate News A new kitchen characteristic has eased into home owners’ lists of must-haves since we all started staying home. ... More


Bank regulator changes rules for mortgage deferrals starting now

8/31/2020 | Posted in Canada Living by Jessi Sandhu

commercial-building-high-rise-257.jpg - Real Estate News Canada's federal banking regulator is phasing out requirements around mortgage deferrals for homeowners hard-hit financially by the COVID-19 pandemic. As of July 30, there ... More


Canada cannot tax its way to housing affordability

8/18/2020 | Posted in Canada Living by Jessi Sandhu

business-data-reporting-274.jpg - Real Estate News "A home equity tax would be unfair and hurtful to Canadians during the best of times, but at this very moment – during a global pandemic – it is reckless", ... More


Renovation Nation: Canadians spent $80 billion on their homes in 2019

8/11/2020 | Posted in Canada Living by Jessi Sandhu

home-maintenance--repairs-99.jpg - Real Estate News Canadians spent an estimated $80 billion on renovations in 2019, and plan to take a bit of breather this year because of COVID-19. ... More


CMHC eyeing 'new tools' as mortgage deferral cliff looms for borrowers

7/28/2020 | Posted in Canadian Housing Market by Jessi Sandhu

cmhc-news-7.jpg - Real Estate News This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest ... More


Cities worry COVID-19 could shatter their budgets

3/27/2020 | Posted in Home Owners by Jessi Sandhu

senior-couple-calculating--taxes--debt-462.jpg - Real Estate News It's very likely that COVID-19 will shatter Ontario's municipalities' budgets, and without provincial or federal help they will have no option but to increase the ... More


Homeowners' spending on renovations falls to 6-year low

6/5/2019 | Posted in Home Owners by Jessi Sandhu

home-maintenance--repairs-99.jpg - Real Estate News Canadian homeowners continue to cut back on home renovation spending in 2019: CIBC Poll ... More


These renovations will boost appraisal values the most

4/30/2019 | Posted in Home Sellers by Jessi Sandhu

home-maintenance--repairs-99.jpg - Real Estate News Homeowners wanting to maximize the appraisal value of their home should think about outside space. ... More


Canadian homeownership rates still among highest globally

3/6/2019 | Posted in Canadian Housing Market by Jessi Sandhu

sold-home-for-sale-260.jpg - Real Estate News Homeownership rates in Canada remain among the highest in the world despite housing affordability concerns across the country, according to the Royal Bank of Canada (RBC). ... More


Canadian Rental Rates Rise At Fastest Pace In 30 Years

3/3/2019 | Posted in Canadian Housing Market by Jessi Sandhu

own-or-rent-sign-120.jpg - Real Estate News The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data. ... More


Mortgage renewals have entered a new era

11/6/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-button-248.jpg - Real Estate News As Canadian mortgages come up for renewal, many households are starting to experience what TD Economics has dubbed a “completely new phenomenon” – higher ... More


Home renovations surge

7/27/2018 | Posted in Home Owners by Jessi Sandhu

home-maintenance--repairs-99.jpg - Real Estate News Canadians spent nearly $78bln on renovations last year, but a slower sales cycle could impact that figure. ... More


Reverse mortgage: Is this the solution if you retire cash-poor?

7/18/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

property-value-108.jpg - Real Estate News A reverse mortgage can be a solution for some cash-strapped retirees, but it comes at a steep cost. ... More


Canadian homeowners trim spending on home renovations in 2018

6/1/2018 | Posted in Home Owners by Jessi Sandhu

handyman-home-maintenance-270.jpg - Real Estate News Spending drops as much as 25 per cent in some provinces as more homeowners focus on wear and tear. ... More


Millennials driving Canada's hot real estate market

5/9/2018 | Posted in Canadian Housing Market by Jessi Sandhu

movers-24.jpg - Real Estate News Almost six in 10 Canadian millennials are already homeowners, with more of this age group planning to buy a home in the next two years, according to a Genworth Canada survey ... More


5-year mortgage holders, brace yourselves

1/19/2018 | Posted in Mortgages and Real Estate by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News The Bank of Canada’s decision to raise its benchmark rate to 1.25% earlier this week will make renewals a significantly more daunting prospect for mortgage holders. ... More


Foreign buyers a minuscule portion of housing market: CMHC

12/21/2017 | Posted in Foreign Buyers by Jessi Sandhu

business-meeting-notes-105.jpg - Real Estate News Foreign buyers make up a minuscule portion of the overall housing market in this country, new research shows, but what they own is more expensive and newer than the average ... More


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