Tour Yukon Canadian adventures, explore the north and Canadian Real Estate

New Changes Espected to come in 2018 - The Canadian Mortgages


For some time now, the real estate sector in Canada has been experiencing a lot of uncertainties with a lot of players flocking the market with an aim to maximize their wealth. There has been a wide outcry by a lot of residents, especially in Toronto and Ontario about the constant and intense increase of the house prices. In order to regulate such practices and generally scale up the real estate sector, new rules, and regulation that are set to be implemented come January 2018 have been introduced and a lot of investors are yet to come to terms with a majority of these regulations. To shed some light on that, this article will take you through the new changes with Canadian mortgages for 2018.

Minimum Qualifying Rate/ 'Stress test'

A stress test is a condition that requires any person interested to invest in real estate Canada to be charged a mortgage rate at the greater of; the 5-year benchmark rate that has been set by the Bank of Canada of 4.89% or 2% points in addition to the negotiated rate. Initially, only individuals with less than 20% were required to go through the test. However, come 2018 things will be a bit different as even those potential buyers with more than 20% will be required to go through the stress test before they can be given the loan.

What effect will this new law like to have on the home buyers.

First of all, the new homeowners are the one likely to be affected more when this new law start to be implemented since their purchasing power will be slightly impaired since regardless of the deposit the will be willing to put, they will still have to go through the stress test. Mathematically, their purchasing power will be reduced by a rate of about 20%. This means that in the coming days the number of real estate homeowners is likely to slightly decrease which will make it much easier to control the real estate market.

Loan to Value( LTV) measurements.

The new Canadian mortgage that is set to start in 2018 requires the Mortgage lenders/banks to adjust their loan to value limits to include the aspects of risk responsiveness. The LTV will be updated time to time as the real estate market grow and also considering the general economic growth. However, it's important to note that the credit unions that engage in mortgage loans and the private banks will not be affected by this policy.

What effect will this have on Canadian mortgage operation?

This policy has specifically been introduced to protect the interests of the mortgage lenders by ensuring that they set up organizational strategies meant to reduce the risk associated with the mortgage loan. However, this policy has not got the lenders by surprise since most of them already have a mechanism in place to mitigate the mortgage risk and to evolve with the changing dynamics. On the other hand, the credit unions and private mortgage lenders now have a chance to capitalize on this chance to make sure the boost their operations accordingly though with a lot of caution.

Ideally, these are the two primary aspects that the new Canadian mortgage policies are set to cover. The primary objective is to protect the interest of their citizens and to change the face of the Canadian real estate market. For far too long there has been a lot of freedom and loopholes which investors have been swift to exploit to maximize their wealth. As we await more details on how the government intends to implement this crucial addition to the real estate sector, anybody planning to buy or build a home anytime from January 2018 need to go through these policies and seek further clarification from an expert on something that may not be clear to them. For the lenders, you have to alternative but to start changing your organizational policies to include the new addition.

In conclusion, it's important to note that the government is not trying to discourage real estate investment in Canada. The new policies are only meant to streamline the sector that has been facing a lot of uncertainty lately and control the mortgage lending rates in the country. In essence, the new policies are just meant to complement the existing mortgage lending law and regulation in Canada.

Fascinating Yukon Honeymoons

It is quite likely that not many would have heard about the place called Yukon. It is the westernmost and smallest of the federal territories of Canada. It has only city by the name Whitehorse. It has a small population of around 36,000 people. However, it certainly is a wonderful holiday destinations. If you are newly married and looking for one of the best honeymoon spots, it perhaps makes sense for you to have a closer look at the Yukon honeymoons. It has quite a few things to offer for honeymooners and it certainly will be a unique and totally different experience. If you are a couple who would like to think out of the box you certainly will find the next few lines interesting and informative.

Why It Is So Special

The tourism motto of Yukon is “larger than life”. The main reason why it makes a fantastic is its pristine natural beauty which has to be experienced to be believed. The economy heavily relies on tourism and therefore as honeymoon couples, you can expect to get the best here at all points of time. You have a variety of options available to suit specific needs and requirements. You can spend time with your beloved exploring the flora and fauna of this wonderful place and if you are adventurous couples, you perhaps could get into the water and do some kayaking and canoeing. You could also take some amazing and breathtaking walk trails and rides. If you wish to enjoy the history and culture of this wonderful place, you could enjoy quite a few events and festivals. The Yukon International Storytelling Festival and the amazing Yukon Sourdough Rendezvous could literally make you very happy and you will come back with the best of memories.

The Best Of Wildlife Experiences

Yukon is also famous for its wildlife and therefore interested couples can explore the best of this if they so wish. You can expect a wide collection of exotic birds and some wonderful mammals. It also is the place to be in, if you are keen on looking at the best possible marine life in terms of fishes and other water-based living substances. You also have some of the best national parks where wildlife is preserved very carefully.

The Best Of Hotels And Easy Accessibility

Yukon has some of the best hotel and staying facilities and you can choose the budget which meets your specific needs and requirements. You can book the accommodation online and there are online service providers who can help you to choose the best deal. You can reach this place by air and Vancouver is one of the most convenient cities for landing in Yukon. You have flights which take you to this place. Alternately, you also could choose road and two famous highways the Alaska Highway and the Cassiar Highway connects this place. However, the distance by road from Vancouver to Whitehorse city is around 2410 miles and this certainly is a tedious drive. Hence, travelling to Yukon by air would perhaps be the best option.

At the end of the day, there is hardly any doubt that Yukon could be one of the best honeymoon experiences because of its location and the wide variety of options that it offers.

What makes Yukon Weddings so unique

Wedding customs today still varies
from one culture to another.

wedding in Yukon
is a culinary
occasion. Plenteous foods and beverages
are offered to
the ravenous and
parched visitors on this significant
occasion. But the
wedding is not
like any other
wedding you are
thinking about.


Weddings in
Yukon are performed by Religious Representatives identified
as Clergy,
Justices of the Peace or Marriage Commissioners authorized
by the Government of Yukon. These people are in charge
of sending marriage
Registrations to Vital Statistics for record keeping.



Before the real
marriage ceremony the couple must apply face to face to the Marriage License Issuer in Yukon .when applying they
must specify if
they want either traditional,
civil or religious kind
of marriage, Either kind of
service must
be seen by
two individuals. Religious
wedding functions are performed by a religious illustrative
of your decision, as
long as they are enlisted with Vital Statistics, Health and Social Services Yukon government. Civil wedding functions are
performed by a Marriage Commissioner or Justice of the Peace (JP), who are selected by Government of Yukon. Contact the Marriage Commissioner or JP straightforwardly
to make an arrangement
and courses of action.
Records are
accessible from Whitehorse
Vital Statistics. Each type
of marriage implies various costs
so one should check the Vital Statistics or the Marriage Commissioner in regards to fitting charges.




Enrolling the Marriage


The religious delegate, Marriage
Commissioner or JP who plays out the
wedding service will
likewise total the essential
Marriage Registration Form. This frame is
then sent by the religious agent,
Marriage Commissioner or JP to the Vital Statistics Agency, where the marriage is enlisted and a lawful record is kept.


Evidence of


At the season
of the function,
the Religious Representative, Marriage Commissioner or JP gives an authentication of marriage - this between time archive is
perceived in Yukon
to demonstrate that
you are hitched.


After marriage


After marriage, the couples
pick up the privilege to utilize their
life partner's
surname. You can keep utilizing your
own surname or utilize
a hyphenated name. This does not bring
about a legitimate
difference in name
or in any programmed
change to birth records, and you can choose to come back to
your own surname whenever.
After the marriage, and following the receipt and enlistment
of the Marriage Registration Form, a lasting marriage testament can
be requested by
the two people from the Vital Statistics Agency.


Enjoying your retirement years!


Although many homeowners may enter into an initial property purchase with the perspective of remaining in the house through their retirement years, a number of individuals often find that those later years can be the ideal time to look at Condos for Sale in retirement communities such as Owen Sound and Collingwood Ontario. This decision can be monumental, as it may mean selling a family home and downsizing to a more manageable residence. However, property purchases in retirement can also be a good way to raise equity and maintain financial freedom for your retirement years.

For some buyers, the transition to a new smaller home or condo during retirement can be a planned accommodation. The desire for a like minded community, the ease of a townhouse, and the proximity to recreations can all be motivations for this choice. This can also be an aspect of long-term planning that has been in consideration for years, which can facilitate finding the idea condo in a perfect community.

While established condo developments which are geared towards a more mature population can be the answer for a number of buyers, others may prefer locations based on the pastimes that can be enjoyed while retired. For individuals who prefer diverse communities with good amenities, the choice of a new condo can be an enjoyable process of exploring new options for retirement.

Making a checklist of needs and desires for the new residence can be a good way to start your search. This establishes priorities and also allows for a visual confirmation of all the requirements for a new condo. The result is that buyers are more likely to find property options that they can fully embrace, rather than a second home that is a compromise.

Investing in the Retirement Lifestyle
Another great option that buyers have in their retirement years is the chance to acquire a second property as an income source. This course of action can be particularly fitting for people who do not want to give up the family home, but also know that they can no longer fully maintain the property. In these cases, the new home can become the primary residence, while the second home is rented out.

Other buyers may simply wish to acquire a second property solely for the purpose of investment. In these cases, it can be extremely important to decide on purposing in advance, as managing a commercial property can be quite different from a residential rental. These options can also be further discussed with a real estate agent that specializes in the Collingwood and Owen Sound real estate markets, in order to find the best course of action before you begin fully enjoying your retirement years!

Canadian Real Estate Market Trends


The house prices in Toronto and its environed continue to rise with April recording highest increase of 3.6 percent. May recorded a 2.2 percent increasing reaching another record high for 16th consecutive months. Homeowners in most major markets including the Greater Toronto area have put their homes for sale as they rush to cash from the soaring prices before the market peaked.

Studies by the Canadian Real Estate Association reveal that the Barrie and the Greater Toronto and its environ saw all-times high listing last month. In Peterborough and Kawarthas region, the listing rose by 32 percent in Match, while in the Kitchener-Waterloo area the number of houses that entered the market rose by 18 percent.

To cap the market, the Ontario government has come up with laws to help cool down the overheated housing market in the Toronto region and the broad crescent of the province surrounding Toronto. The new law imposes a 15 percent tax for any foreign buyer who purchases homes in the Golden Horseshoe region. The law has been widely debated as the economist argue that the move by most home real estate investors to list their houses is likely to cool off the ever-rising house prices.

According to some economic analysts, it is still too early to predict the full impact of the new Ontario housing measure. However, it is clear that it is likely to bring a cooling effect on the market as most buyers are likely to sense a looming correction that could be coming. What we now need to rethink is the sustainability of the cooling effect as the demand seems to be ever growing.

Some economist argues that the new policy announced in April will help to improve the inventory of house for sale after the long severe supply shortage. About a month since the enactment of the new house buying policy, sales in most of the market has gone down, which is a clear indication that the market has started to cool down.

Due to the fact that the new listing is rising and the demand is going down, the market is likely to cool down soon. However, the effect of the federal law is likely to bring temporary changes as the market will eventually adjust. The law is only important in balancing the price growth pace in the housing market. The housing policy is likely to kick-start the soft landing, while high mortgage rates will help to solidify the effect.

Celebrate Canada Day


Canada day is celebrated each year in July 1st. There are different ways you can celebrate the formation of Canada as a country. In this year, Canada will be celebrating its 150th birthday. It is a day celebrated in different ways by citizens in Canada. There are others who visit concerts organized by musicians to commemorate the day while others will spend in night clubs. It is necessary for you to celebrate the day in style as a patriotic Canadian.

If you live in Yukon, then you should look for events where Canada day in the Yukon will be celebrated. Most organized events have websites where you can book. It is necessary to book early so that you will be prepared to have good time. The day is celebrated by people of all ages, it is upon you to assess the event where you are about to attend and know whether it is suitable for your age.

Happy Birthday Canada!

The Best place to view the Northern Lights



Anytime you need to travel with a group of friends, alone or with a loved one for a skiing trip or just to enjoy nature, your travel agent will most probably recommend Yukon. Apart from the variety of options that Yukon has to offer you will be particularly excited to see the northern lights. You see the northern lights are these bright lights that appear in the night sky visible from the northern hemisphere. Formed from a collision of the suns’ charged particles with the earths’ atmospheric gases, the lights vary in colour according to the particular gas they interact with. This phenomenon produces rainbow like colors called "Aurora borealis" that dance all over the sky above stretching for miles on end. Yukon been located in the northern side of Canada is the ideal place to view the Aurora borealis and also the closest place to see this wonder of the world if you come from southern Canada and the larger North America as a whole.

The cabins and hotels around in Yukon provide the world class gourmet meals and exceptional service. The cabins overlook the beautiful Emerald Lake that stretches to the horizon, and the mountain slopes add a breathtaking view to it. After the evening meal, gather around the camp fire with a hot chocolate mug and watch the panoramic sunset over the lake. Immediately after the darkness sets in, the night sky starts glowing from a pale green and pink to blue, red and even yellow as the northern lights reveal their splendor in streams, clouds, arcs and even ripped curtains.

Why Visit Yukon? 

Yukon boasts a very rich culture with majority of the population been Native Americans. Apart from viewing the northern lights, touring the National park or even enjoying a boat ride in the lake, there is a culture festival in Yukon where you can traditional artefacts and listen to stories from the local elders about the Wolf clan.

If you have read about the Northern lights phenomenon happen to visit Canada, Yukon is definitely the place you need to visit!

Discovering the Yukon

At one point in your life, you will want to travel to new places, make a new discovery and learn more about different communities from the different part of the world. Traveling will not only make you have fun with your loved ones but will also give you time to refresh your mind away from your daily commitments and make new discoveries by visiting new places, making new friends and getting to know more about the culture and the lifestyles of other communities out there. One of the common destinations that a majority of people from all over the world prefer to spend their vacation is Yukon. It is a place that will give you an experience like you have never had before; the amazing physical features, wonderful places for outdoor activities, diversified cultural practices not to mention the hospitable community that will give you a reason to want to visit the place some other day. This article will, therefore, take you through some places and activities that you likely to discover once in Yukon that will make the entire experience worth remembering for many many years to come if not forever.

The Whitehorse City: Whenever anybody thinks about traveling to Yukon in Canada, the first thing that comes to their mind is the Whitehorse. It is a city that not only has one of wonderful hotels and accommodations but also neighbored by a lot of amazing features and places that you can go for the outdoor activities. One of the physical features that makes a lot of tourists want to be in the city is the mile canyon which apart from being very beautiful, can be a perfect place to go for hiking or nature walk as you enjoy the wonderful serene environment and the breathtaking beauty of the flora and fauna from Yukon Wildlife Preserve. While still in Whitehorse, you may still opt to spend the better part of your day learning more about the cultural practices of the people of Yukon and some History and cultural monuments that are identified with the community at the MacBride Museum.

Your next destination should be the Dawson City. Just like Whitehorse, the city is known for among other things the historic accommodations which are not only fabulous but also fun to spend a night in. If you are a lover of cultural foods, then you have more reason to smile as a good number of hotels are known to specialize in such foodstuffs. Once in the City, you may opt to visit the Diamond Tooth Gerties Gambling Hall where you may either play the game or watch other people play the casinos, trust me you will find it very fun and you should also expect different gambling games that you may never have come across elsewhere. However, if you happen not to be a gambling fun, then having a tour at the Tombstone Territorial Park will be a perfect idea. Sometimes just watching animals playing and the wonderful environment will give you more reason to appreciate mother nature. It would also be a prudent idea to pass by the Dawson City Visitors Information Center where you may also stand a chance to be counted among the few who have been lucky to have visited this one of a kind City.

Haines Junction is also a very popular place in Yukon that attracts a lot of tourists not only because of the physical features but also luxurious accommodations.If you like outdoor activities like hiking, then you have more reason to be at this place is known to have wonderful terrains and more features that you likely to see along the way. Apart from that, Kluan Nation Park and Reserve is located in the vicinity which means that you may pass by. Apart from that, a good number of people have only read about deserts but have not had an opportunity to see one in their real life. When at Yukon, you may opt to spend your last day wondering around the Carcross Desert which happens one of the popular places in Yukon. While at the desert you will have the opportunity to come across the plants that only grow in deserts not to mention a few creature which is known to be the keepers of the desert.

Travel Yukon today and expect a breathtaking experience. The good news is that most of this restaurants can be accessed online which means that you can always reserve some rooms in advance to avoid any confusion or frustration during your first day at any town in Yukon. Also for a magnificent experience, it is highly recommended that you hire services of a tour guide who is more conversant with most of these places and may also help you communicate with other people who may not understand your language. All the best as you prepare for an incredible experience at Yukon.

How to determine what Collingwood Homes will sell for on todays Real Estate Market

Collingwood Real Estate Market Analysis
Pricing your home is both an art and a science. It is probably the most important decision you and your Collingwood REALTOR® will make. To be comfortable setting the listing price for your home, consider these key factors first.

1. Imagine You Are The Home Buyer -- Most of todays home buyers will look at your home with impersonal and calculated eyes. They will not have an emotional attachment or your personal interests in mind when they make an offer. Regardless of weather the overall market favours the buyer or seller, the buyer will want your home at a fair market price. They are not considering how much you paid for the home, the value of the memories that you have in it, how much cash you need for to close on your next home, or how much time and money you have invested in your home's landscaping, bathroom updates, painting or other improvements. When you first decided to place your home on the Collingwood real estate market, it is no longer your home. It belongs to the buyer with the best offer for you. Emotional detachment from your home will help you see your home the way a buyer will be looking at it.

2. Begin with CMAs -- Invite a few local Collingwood real estate agents to work up a CMA (Comparative Market Analysis) for your home. A CMA compares the price of homes recently SOLD, homes that were on the market but did not sell, and homes for sale in Collingwood currently on the market to give you and the agent an idea of how to price your home accordingly. Ask the agents you have selected why each particular home was included on their CMA. Have a list of questions and compare the answers you get from each agent. As you will find out, a CMA will show you varying prices for what each agent thinks your home is worth. Look for what seems to be a reasonable price. Some Collingwood real estate agents will want to price your home below market value, looking for a quick sell or what is called a bidding war. Some will overprice it looking to play on your hopes that your home is worth more than it really is, but an overpriced home will sit on the market longer and will likely need to be reduced later. Most REALTORS® will provide you with a home value estimate or Comparative Marketing Analysis (CMA), it as good idea to go with the right Real Estate Agent who has plenty of experience pricing homes in the Collingwood area.

3. Consider a Professional Appraisal -- A CMA will give you a good idea of the value of your home, especially if the agent is familiar with pricing homes in your neighbourhood. However, for several hundred dollars that it usually costs to purchase a professional appraisal, the money could be well spent for several reasons. If the CMAs you get from the real estate agents are not reasonably consistent, you might want to get an totally unbiased view point, one that you pay for. An appraisal of your home will make clear anything that may be wrong with your home and it adds an additional layer of assurance for prospective buyers. Appraisers rely on in-person inspections of your home, recent sales of like-homes in Collingwood, and other data to arrive at their opinion of your homes' true value. The report you receive from an appraiser is more detailed than a common CMA. The appraiser's report is a full-blown description of your home and the criteria used to formulate the valuation.

4. Research on your Own -- You can research several ways. Stop by homes for sale in Collingwood and pick up a flyer. Spend an hour or so on the Internet looking at homes with the same square footage, bedrooms, and bathrooms. Finally, visit open houses around your home and make an impartial assessment of how those homes compare to your own in terms of condition, location, size, ages, and upgrades. As you visit the open houses, make an honest assessment. Given similar condition, age and square footage, would you buy your home or the home you are touring?

5. Price per Square Foot -- Some agents may want to price your home solely on price per square footage. While this is an industry standard way of calculating home prices, there are many other tangible aspects that go into your home's price. The average price per square foot in your neighbourhood should be the starting point for setting your home's price.

6. The Collingwood Real Estate Market -- Consider the overall housing market in Collingwood. Are the home prices moving up over time? How long do homes stay on the market before they are sold or withdrawn? Where are the interest rates? Is the overall economy in Collingwood Ontario strong or weak? Are employers hiring or are they overly cautious of bring on new employees? Are builders actively building new homes? Will you be entering a buyer's market or a seller's market.

7. Determine your Selling Costs -- There are many costs involved in selling homes in Collingwood. Do not shy away from getting to the bottom line as this is essential information. Use a variety of mortgage calculators and financial calculators to understand various financial scenarios. You will want to be prepared for the flexibility you have in your budget. Know how much your real estate agent charges in commission; understand how much they take for themselves to market your home and how much is offered the buyer's agent. Estimate what your closing costs will be, along with the amount of money it will take to spruce up your home, pack, move, and purchase that new home.

8. Flexibility and Options -- Both you and the home buyer may have needs that go beyond the bottom-line. If you are willing to close escrow quickly, you will attract more buyers who want to move in right away. A lease-option can help first-time buyers who need down payment assistance. If you can offer seller-financing, your home will appeal to buyers who need to stretch their financial resources. The more creative and flexible you can be in meeting the buyer's needs, the more success you will have in pricing your home and selling your home. If your home has been on the Collingwood real estate market for a while, can you offer a point or two back to the buyer to help with closing costs or needed repairs?