Open House- The Real Estate And Mortgage Show: January 18, 2020

Date Posted: January 20, 2020

Tax Free Savings Account limits are up over $63,000 which is a great investment account. Advanced Mortgage Investment Corp. allows these types of registered accounts within the program. The next investment information dinner is being held on February 11^th at Giovanni’s on Preston St.  Visit www.advancedmic.com for more information or call 613-656-0866.

Ottawa real estate inventory is still low with 1500 residential homes on the market and only 220 condos. The result of this is pushing people towards the rental market which is gaining in inventory and settling the prices. This may be an effect of the new potential Airbnb rental rules.

When selling during this market, can a seller request proof of financing prior to showing the home? It is much more common for the buyers to request this letter and provide it to their realtor. This information should not be shared in its entirety to the sellers for various privacy issues unless requested with an offer. Keep in mind a pre-approval is based on a proposed scenario. All documents, conditions, AND the property will need approved by the lender as well as the default insurer in applicable.

To listen to the full podcast from CFRA, click here.

For more trusted information, contact your Mortgage Broker today.