Give Us a Call

647-361-8184

Month: June 2015

Tenanted Investment Property — Priced to Sell

45 Vanguard Drive, Brooklin Price: $474,900.00     Approximately 2000 -2500 Square Feet Whitby (Baldwin and Winchester) 3 +1 Bedroom /3 bath 2-Storey Detached Home Rental Amount – $1850 Lease term – Sept 30/2015 Property Tax – $4259 1 Garage – 3 parking spaces Great investment opportunity in In Beautiful Brooklin, just north of Whitby. Outstanding 3 …

Tenanted Investment Property — Priced to Sell Read More »

Is a Collateral Mortgage Right for You?

Traditional vs. Collateral — Weighing the Pros and Cons of both Mortgage Products With interest rates in Canada sitting at an all-time low, banks and independent lenders are in stiff competition for the business of homebuyers.  Homeowners and lenders whose mortgages are up for renewal are also reminded to consider their next move.  Whether you’re …

Is a Collateral Mortgage Right for You? Read More »

When I was your age …

A Look at the Numbers: 1982: Average house price in Canada — $72,500 2015: Average house price in Canada — $439,100 1982: Average five-year fixed mortgage rate (March) — 19.4% 2015: Average five-year fixed mortgage rate (March) — 3.8% 1982: Outstanding residential mortgages — $30-billion 2015: Outstanding residential mortgages — $953-billion Sources: CREA, Statscan

Toronto Real Estate Board Market Watch — Record Sales for May 2015

The shortage of active listings reported through Toronto MLS ®, drives demand and average selling price of homes up With the average selling price of a home in Toronto currently sitting at $649,599—it’s safe to say that Toronto’s real estate market shows no signs of cooling down this summer.  Last week, Toronto Real Estate Board …

Toronto Real Estate Board Market Watch — Record Sales for May 2015 Read More »

CMHC Mortgage Insurance Premiums Increase — How will the changes affect you?

Effective today, June 1, 2015, Canada Mortgage and Housing Corporation (CMHC) is increasing mortgage insurance premiums by 15 per cent for homebuyers making less than a 10 per cent down payment. Mortgage insurance is typically required by lenders if a homebuyer’s down payment is less than 20% of the total purchase price of the home. …

CMHC Mortgage Insurance Premiums Increase — How will the changes affect you? Read More »