MORTGAGES EXPLAINED
Individuals use mortgages to make large Real Estate purchases without paying the entire purchase price up front. In this article we explain important factors to consider when you are looking to purchase a home.
WHAT IS INTERIM OCCUPANCY WHEN BUYING A PRE-CONSTRUCTION CONDO?
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
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
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.
TORONTO REAL ESTATE NEWS | JUNE 2020 MARKET REPORT
Substantial increase in sales in June 2020. All home types are up year-over-year.
BUYING A SECOND PROPERTY IN ONTARIO – THE PROCESS AND THINGS TO CONSIDER
Over the last decade, buying a second property has become much more popular for middle-class Canadians. Purchasing a second property is a decision that requires thoughtful planning to figure out if it is a viable option for you. Whether it is an investment property, vacation home or cottage - the epitome of the “Canadian dream”, it is important to understand what purpose your second property will serve.
FIRST TIME HOME BUYER INCENTIVE – IS IT A GOOD DEAL?
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
CMHC, Canada’s largest mortgage insurance company has announced a tighter mortgage borrowing criteria to begin on July 1, 2020.
WHY IT IS A GREAT TIME TO INVEST IN BUYING AN ASSIGNMENT CONDO IN TORONTO
There are many reasons why assignment condo sales are a good opportunity for everyone involved. This article analyzes why buying a re-sale investment condo is less advantageous in the current market, what an assignment condo sale is and why it’s a great time to be looking into assignment properties in your area.
WHY NOT TO SELL YOUR PRE-CONSTRUCTION CONDO AT OCCUPANCY
While pre-construction investors often have an option of selling via an assignment, there are a number of reasons why you should choose to rent instead.