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.
Home decor is important because it can affect everything from our self-perception to productivity. So, go ahead, buy that new throw pillow or piece of art if it makes you happy. If you're looking for home decor stores in Toronto, keep reading as we outline some of our favourite stores in Toronto that offer something for everyone, no matter your design style or budget.
Building a foundation to turn your home into a smart home can be done by buying products that are compatible with each other, so you don’t have to spend too much money at once. You can either choose to purchase a smart hub that controls everything from a single interface, or you can buy products that just depend on Wi-Fi and operate on their own.
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:
Although Real Estate technology can never replace a Real Estate agent, there are certain resources that can be utilized to narrow down your search making the process smoother overall.
Buying a pre-construction condo is a different process than purchasing a re-sale unit in Toronto. With a pre-construction condo, there are many phases that take place before the condo is ready for its residents. One of these phases is interim occupancy. Interim occupancy is a temporary phase in the pre-construction buying process that comes just before final closing.
Low rent prices in Toronto continue to see a downward trend while average home prices hit an all-time high.
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.
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.
CMHC, Canada’s largest mortgage insurance company has announced a tighter mortgage borrowing criteria to begin on July 1, 2020.