Deakin, Immeubles Deakin Realty

The Deakin Blog

New mortgage rules for 2018

New mortgage rules for 2018

The Office of the Superintendent of Financial Institutions has released new mortgage qualification rules that will come into effect on January 1, 2018. Similar to the current rules for insured borrowings, the new rules are meant to protect purchasers and lenders from default in the case where interest rates could rise over time. The new rules apply to NEW borrowings, but not mortgage renewals, so long as the renewal is with the same financial institution as the original borrowing.

Under the new rules, Canadian lenders will have to qualify their mortgage loans using the Bank of Canada’s 5-year benchmark rate instead of the actual rate offered to their clients, or the client’s actual contracted rate plus two percent, whichever rate is higher.

As an example, presume a buyer earning $100,000 annually can borrow at a short-term rate of 2.83% and has a 20% down payment. That buyer could previously afford a $727,000 home. Under the new rules, with a 5-year rate of 4.89%, that same buyer can only afford a new house costing $571,000.

The brokers at Deakin Realty are always available to help analyze how these changes will affect you and your purchasing power, and we have partnerships with the best mortgage brokers at all the big banks who can help arrange your financing under this new regulatory framework. So don’t hesitate to get in touch!

John Palumbo joins the Deakin Realty team!

John Palumbo joins the Deakin Realty team!

We are very pleased to announce that local broker John Palumbo has joined the Deakin Realty team!

John brings 30+ years business experience and an entrepreneurial spirit to real estate. Owning and managing a successful transport and logistics company, he has developed a strong financial background and understands sales & marketing from the ground up. A background in real estate investment and construction also gives John a unique ability to advise clients on value, while finding win-win solutions regardless of the complexity of the deal. A true local - John is an enthusiastic member of the community and enjoys yoga, cycling and showing clients the best the Lakeshore area has to offer. John’s dynamic personality and “client first” philosophy makes him a natural fit at Deakin Realty.

New Deakin team members!

New Deakin team members!

We are exceptionally proud to announce that Susan Woods and Rebecca Lewis have joined the team at Deakin Realty.

Susan and Rebecca are recognized not only for their impeccable reputation in our industry, but also for their decades of community involvement in the West Island. Coming from a similar “boutique” real estate agency, they share our philosophy of offering the highest level of service and integrity to their clients. We are extremely grateful they have chosen to work with us - Welcome aboard!

Pointe-Claire Wheels in Motion Committee donation to AQVA

Pointe-Claire Wheels in Motion Committee donation to AQVA

The launching of a brand new Martin 16 sailboat took place, in memory of Doug Webb. A donation of $35,000 was made to the Association québécoise de voile adaptée (AQVA) by the Pointe-Claire Wheels in Motion Committee for the Rick Hansen Foundation, co-chaired by our very own Nancy Kemp-Deakin. The AQVA “offers people with mobility impairments the possibility to leave their wheelchair on the dock and to discover the joys of sailing.”

Special thanks to all the committee members and supporters; Doug Webb (Ambassador for the Rick Hansen Foundation & co-founder of the PCWIM), Bill McMurchie (Honorary Chairman, former mayor of Pointe-Claire), Lucie Fournier (Co-chair), Robin Palin (RPPR), Alison Birss, Michael Dugas, Peter Pickrell (Westmount Florist), Linda Sheehan & Heather Bisset (Pfizer), James Mousseau (Scotiabank), Steve Payette, Ana To (Action-Medic), Amy Dhindsa, Sam Tilden & Gary Malcom (City of Pointe-Claire).

AQVA

Jay, I know you did a lot of hard negotiating to arrive at a mutually satisfactory solution and we need to congratulate you for that. Thanks for your very significant effort.

Mike & Anna

Nancy, thank you for all your hard work and patience, and for not giving up on us during this house hunt.

Stefano, Melissa & Zara

Thanks again for all your help, advice and patience during the purchase process. You really went above and beyond the average real estate broker's duty.

Matt & Anita

Your help & professionalism throughout the buying process, and your ‘words of wisdom’ during our selling process have been greatly appreciated.

Sophie & Mark

As a non-profit agency, our survival is linked to those people in our community who have the kind of dedication & commitment shown by Deakin Realty. Keep up the good work.

Amcal Family Services

Merci pour tout! Ça a été un vrai plaisir de vendre par votre intermédiaire!

Catherine

I'm not sure we can ever fully express how much we appreciate all you have helped us with. It has been a stressful time but was made much less so through the referrals you gave us.

Sandee

Thank you for your prompt advice and help. It was nice to feel welcome to call you and have your support.

Eric & Janice

Thank you very much for all your help in our transactions ... it was a delight working with such a professional!

Patrick Ducharme - Banque Nationale du Canada

In our business, referrals are important to both the referring party and the receiving side. Thanks so much for a job well done. I hope to refer your family more business.

Peter Blanchard, President - Terramont Real Estate Services

You have a way of treating your clients as they are you only client. You always responded within hours of a call. That is what I call great customer service.

Dawn

Thanks to you and the Deakin team for everything you did for us. We really appreciate working with knowledgeable and experienced business people.

Fred & Lynn

Hey John, we really wanted to take the time to properly thank you. You were always there for us, and put alot of time into our home with all the advice and visits. We really appreciate it! You'll always come highly recommended by us.

Jason

We would like to thank you again for helping us find a great home and for all of your advice over the past couple of months. We'll definitely recommend you to our friends...

Christina & Rob

Thanks again for everything you have done to help us through this difficult (more difficult than normal in this case) process, and for your patience with me.

A & M

Merci d'avoir pris soin de ma mère et ce plus que votre travail ne l'exigeait.

Kim

Jay, you truly could not have handled this tricky sale better and we will sing your praises to everyone we know.

Jen & Dave

We are so very appreciative of all your efforts in selling our home and finding a new one. The Deakin Realty family is truly professional.

Kathy & Brian

You are a true angel in disguise. We can never express our appreciation for the knowledge, service and kindness you have shown.

Jane & Larry

You are a marvel as Mom is so very comfortable with you and John. You are stars and much appreciated.

Cydney & Les

Thank you for taking care of my mother ‘above and beyond the call of duty’

Kim

We just wanted to thank you so much for all you've done for us over the last year and a half. We always felt like you were sincerely putting our best interests first throughout this entire process.

James & Amanda

Thanks for treating us like family!

The Halls

You listened and went far and beyond what any other real estate organization could or would do. We are happy to say that we consider you a friend and look forward to working with you again.

The Adrian Family

Thank you for everything you have done. It was a wonderful experience selling my house with your help.

Camille

Deakin Realty provides their clients with total professional, businesslike, and enthusiastic care. They talk to you. They get results. What more could you look for in a real estate firm?

Walter & Pamela

Deakin Realty achieved the best possible result: a lease that pleased both landlord and tenant. We were so impressed with Nancy and her team that we asked them to work on another project for our company.

Richard King - Owner – Elm Plaza

Thanks again for all your help with everything! You were fantastic, and Stef and I are thrilled that we were able to have you as our broker.

Matt

We really enjoyed working with Ali... we never felt pressured... He listened and respected our priorities... he also looked out for our best interests... Thank you so much for all your help.

Joy & Richard

Encore merci pour nous avoir guidés tout au long de ce processus. Vous offrez l'équilibre parfait entre professionnalisme et humanité.

William

Thank you for a job well done. We’re both so excited to have clinched the deal of the year in Beaconsfield.

Denise & Gary

Merci beaucoup Nancy pour ton dévouement et ta patience. Nous sommes très heureux d'avoir fait cette très belle acquisition!

Carl

We appreciate all the efforts, dedication and patience you are putting into finding us a house. Thank you for everything that you are doing for us.

Martin, Natalie & the girls

You are incredibly professional even in the throes of an emotional and stressful decision. Thanks for your patience - we are thrilled with our new purchase!

Namta & Sara

Thanks for understanding our needs and finding our family a great home! We would highly recommend Deakin Realty to anyone who is interested in buying or selling.

The Brown Family

Thanks for everything, as you can imagine we have every reason to be grateful for your help.

George & Martha

Nancy, thank you for all your help and invaluable guidance!

Katy & Kevin

As a first time buyer, I had a lot of questions and you took the time with me. Not all agents would have done this - I know, since I dealt with others before meeting you.

Dawn

Thanks for finding our perfect house. We were out of town and trusted you to make an offer without actually seeing the house. Serious trust and you never let us down.

Brian

I appreciated your expertise, competence and advice. These confirmed that my insistence on having you as the sole agent for my property was the right decision.

Clara

This is just a quick thank-you for all of your wonderful help in finding our first home. We really appreciated your patience, honesty and attentiveness. You may all rest assured that we will recommend Team Deakin.

Sonjali & Devi

Jay’s knowledge of the housing market was critical in helping manage the sale of our condo and the purchase of our new home. His practical and helpful recommendations made things easy on both ends.

Rob & Sonia

I would not consider making a sale or purchase in the West Island without involving Deakin Realty

Gerry

I was really worried about finding the "right" person to work with my Mom. Your approach, patience and sense of humour won her over right away, and your follow up has given all of us a lot of comfort through this. Jay, I could not imagine a better fit.

Michael

You were understanding, professional and endlessly patient throughout this sometimes challenging process. You went out of your way to make it work out, both for us and for our "perfect" buyer.

Barbara

Thanks again for all your help... attention to detail... sanity checks... moral support... hand holding... i.e. the usual wonderful Nancy Deakin service!!

Sandra & Larry

Thanks for everything you have done. It has truly been a pleasure selling through you.

Catherine

I just wanted to thank you for making all of this as easy and painless as possible. Your professionalism, initiative, positive attitude and willingness to take time to explain the process made the deal unfold very smoothly.

Bob

You are truly awesome. Pointe-Claire is a very lucky place to have you guys at the heart of it.

Katy

Thank you for your sensitivity and kindness. We also appreciated your level of professionalism and knowledge in the handling of our file.

Bruce & Lillian

To the Deakin team - thank you for going above and beyond!

Lynda

The Deakin team made our relocation from Halifax a pleasurable experience. Their professionalism and knowledge of the real estate market helped us find the perfect home.

Jason & Shannon

Deakin Realty displayed great professionalism in every aspect of their work and in all cases they made sure the transaction was good for all parties.

Patrick

Thanks ever so much! It was our lucky day when we met you. You can always count on us as reference for your future clients.

Serguei

Thank you once again for guiding us through this process. Your ability to balance professionalism and the human aspect of this process is top drawer.

Bill

We realized that we were dealing with a real estate “advisor” - who not only knows the local market and homeowners themselves, but an individual that thinks outside the box and brings creativity and enthusiasm to a profession that he truly loves.

Mark & Kelly

I couldn't have imagined this going any smoother than it did. Thanks for a well thought out plan and execution.

Marcel & Liz

Jay, the whole experience dealing with you was efficient, seamless and painless. You are a true professional and a good advisor. I felt I was the only client you were dealing with.

Janice

You thought of every detail inside and out - a job well done to you and your team!

Maureen

Merci pour tout votre support et votre patience!

Donald

Having such a well organized group looking after us made our house hunting trip all the easier…those added touches you do really make all the difference between ‘good’ and ‘the best’.

Laura & Daniel

Ali a été d’une aide précieuse pour nous trouver LA maison qui nous convenait, ainsi que pour nous aider à miser sur les atouts de notre maison pour la vendre au bon prix. Il est à l’écoute des besoins et est d’une grande intégrité.

Andre & Martine

Deakin Realty met all of our objectives and helped make our condo project a success. They are proactive, highly professional and capable of adjusting to changing conditions.

Marc-Andre Legault - Developer - Les Cours Sherbrooke

We would like to thank you so much for all your hard work in finding our first home. Your patience, professionalism, friendship and perseverance was greatly appreciated.

Christina & Kevin

Thank you for everything John. You have been so dedicated and helpful throughout our journey!

Amanda

You and Jay did everything we asked for and more, and talked me off the ledge more than once. We were so impressed, and we wouldn't hesitate to recommend you to others.

Pamela & Doug