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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.

TOP 5 HOME DECOR STORES IN TORONTO

By |May 20th, 2021|Neighborhood, News, Toronto Houses, Toronto Lifestyle|

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.

HOW TO TURN YOUR HOME INTO A SMART HOME

By |September 30th, 2020|Buying, Home Design, News, Staging, Toronto Houses, Toronto Lifestyle|

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.

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:

WHAT IS INTERIM OCCUPANCY WHEN BUYING A PRE-CONSTRUCTION CONDO?

By |July 23rd, 2020|Buying, Financial, First-Time Buyer, Investing, Neighborhood, News, Pre-Construction, Pre-Construction Condos, Pre-construction Investing, Rental, Resale Condos, Selling, Toronto Central, Toronto Condos, Toronto Developments, Toronto East End, Toronto Market|

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.

RECORD LOW RENT PRICES IN TORONTO CONTINUE TO DECLINE

By |July 20th, 2020|Buying, Financial, First-Time Buyer, Neighborhood, News, Real Estate Agent Toronto, Rental, Toronto Central, Toronto Condos, Toronto Developments, Toronto East End, Toronto Houses, Toronto Market, Toronto West End|

Low rent prices in Toronto continue to see a downward trend while average home prices hit an all-time high.

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.

CMHC ANNOUNCES NEW INSURANCE CRITERIA FOR CANADIAN HOME BUYERS EFFECTIVE JULY 1, 2020

By |June 16th, 2020|Buying, Featured Buying, Featured Investing, Featured Selling, First-Time Buyer, News, Real Estate Agent Toronto, Real Estate Tips, Toronto Central, Toronto Condos, Toronto Developments, Toronto East End, Toronto Houses, Toronto Market, Toronto West End|

CMHC, Canada’s largest mortgage insurance company has announced a tighter mortgage borrowing criteria to begin on July 1, 2020.