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NEW MORTGAGE STRESS TEST RULES 2021

By |June 3rd, 2021|Buying, Featured Buying, Financial, First-Time Buyer, Governments, Mortgage, News, Real Estate Agent Toronto, Real Estate Tips, Toronto Houses, Toronto Market, Uncategorized|

Starting June 1st, 2021, it’ll be harder for new and renewing mortgage borrowers to qualify for their home loan with the new mortgage stress test rules - a higher threshold for the “stress test” has come into effect.

Canadian Government Investing $14.9B for Public Transit Projects

By |May 6th, 2021|Governments, Investing, Neighborhood|

The Canadian Government Investing $14.9B for Public Transit Projects will benefit hundreds of thousands of people. With these feature projects, residents will have more access to better quality, cleaner, and safer public transit.

IMPACTS COVID-19 HAS HAD ON THE TORONTO REAL ESTATE MARKET

By |September 17th, 2020|Buying, Featured Buying, Featured Investing, Featured Selling, First-Time Buyer, Governments, Landlords, Neighborhood, News, Real Estate Agent Toronto, Rental, Toronto Central|

COVID-19 has had an impact on the Canadian Economy and housing markets across the country. Although the spring was much cooler than previous years, we began to see record setting sales in the summer months and the Toronto market has remained stable. With interest rates at historic lows and rental unit prices dropping, right now is the perfect time to make moves. Below, we list some of the impacts that COVID-19 has had on the market:

HIDDEN OR UNEXPECTED COSTS – FINANCIALLY PLANNING AS A FIRST-TIME HOME BUYER

By |July 14th, 2020|Buying, Financial, First-Time Buyer, Governments, News, Real Estate Agent Toronto, Toronto Central, Toronto Condos, Toronto Developments, Toronto Market|

Smart budgeting is imperative when you are looking to buy your first home. Planning ahead of time ensures that financial bumps will not detour your home ownership plans.

FIRST TIME HOME BUYER INCENTIVE – IS IT A GOOD DEAL?

By |June 18th, 2020|Buying, First-Time Buyer, Governments, News, Real Estate Agent Toronto, Real Estate Tips, Toronto Central, Toronto Condos, Toronto Developments, Toronto East End, Toronto Houses, Toronto Market, Toronto West End|

The First-Time Home Buyer Incentive is geared towards middle-class first-time home buyers. It is designed to help you buy a home and lower your monthly mortgage payments. It is a shared-equity mortgage with the government, meaning that the government shares in the upside and downside of the property value.

FIRST TIME HOME BUYER TAX CREDIT AND REBATES FOR TORONTO BUYERS

By |February 20th, 2020|Buying, Featured Buying, Financial, First-Time Buyer, Governments, Pre-Construction Condos, Real Estate Tips|

If you’re looking to save money on your first home, you’re going to want to read this. Learn what first time home buyer tax credit and rebates are available to you.

HOW CANADA’S MORTGAGE STRESS TEST IS AFFECTING HOMEBUYERS AND HOMEOWNERS

By |July 30th, 2019|Buying, First-Time Buyer, Governments, Toronto Market|

Under Canada's new mortgage stress test in 2019 homebuyers must qualify for a mortgage at a rate of 5.19% or 2% higher than the negotiated rate (whichever is larger). Use our mortgage calculator to find out what you can afford.