The Blog

06 Sep

AUGUST 2017 Housing Market Figures

Real Estate News

September 6, 2017 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,357 home sales through TREB’s MLS® System in August 2017. This result was down by 34.8 per cent compared to August 2016. The number of new listings entered into TREB’s MLS® System, at 11,523, was down by

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24 Oct

How Much HOME CAN YOU AFFORD?

Mortgage Tips & Advice

The new mortgage rules expand “stress tests” for borrowers to include five-year mortgages, the most common kind of mortgage in Canada. Though mortgages are being offered at around 2.5 per cent today, the stress test requires borrowers to qualify at the Bank of Canada’s posted rate — currently 4.64 per cent. Some in the industry

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03 Mar

REPAIR YOUR CREDIT

Mortgage Tips & Advice

Bad things happen to good people… we understand that. You have now gotten over the first major hurdle… completing your consumer proposal or being discharged from your bankruptcy – we know it has been a tough road for you so congratulations; you have a clean slate. The second hurdle is starting to rebuild your credit and

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01 Mar

4 STRATEGIES THAT CAN HELP YOU GET PREAPPROVED

Mortgage Tips & Advice

So, you’ve decided to take the big step and look into getting what will likely be the biggest loan of your entire life: a mortgage. Applying for a mortgage can be a bit of a nerve-wracking process, especially if your financial history is anything less than perfect. However, you shouldn’t let a few denials get

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01 Mar

SHOULD YOU GIVE YOUR CHILD A BOOST TO HOME OWNERSHIP?

Mortgage Tips & Advice

With the financial demands of school loans, living expenses, and finding a career path, many young people struggle to purchase their first home. Often, parents and grandparents are very sympathetic. They’ve enjoyed the financial benefits of long-term home ownership themselves, and see how hard it is today to make that important first step into the

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