15 Jun

GTA SALES DOWN SHARPLY AS NEW LISTINGS SURGE IN MAY by Dr. Sherry Cooper

Latest News

Posted by: Vladimir Britch

This morning’s release of the Canadian Real Estate Association (CREA) data for May confirmed earlier data from the Toronto Real Estate Board (TREB) pointing to a marked slowdown in housing activity in the Greater Toronto Area (GTA) since the late April announcement of the 15% foreign tax credit and the sixteen point program to enhance […]

Read More
24 May

BANK OF CANADA MAINTAINS CURRENT POLICY STANCE by Dr.Sherry Cooper

General

Posted by: Vladimir Britch

The Bank of Canada has once again held the overnight rate steady at 0.50 per cent pointing to continued low inflation and subdued wage growth, which the Bank judges to be consistent with continuing excess capacity in the economy. In a very terse press release, the Bank suggests that the U.S. and global economies will […]

Read More
17 May

What Happens When a Home Sale Falls Through? By: Marc Shendale

General

Posted by: Vladimir Britch

Every homebuyer eagerly anticipates closing day. With the home purchase process completed, ownership of the property transfers from the seller to the buyer – you! Closing date is negotiated as a condition of sale. You’ll typically have several weeks between the date that your agreement to purchase (sales contract) is signed and your closing date. […]

Read More
16 May

Inside and Outside the Box Mortgages in Today’s Market By: Kathleen Dediluke

General

Posted by: Vladimir Britch

As we truck along in 2017, Mortgage Brokers and Lenders are adjusting to the new risk based mortgage rate pricing that came into play after the Finance Minister changed Government backed mortgage default insurance regulations in late 2016. Lenders often choose to pay for mortgage default insurance on mortgages where the borrower was not required to […]

Read More
15 May

35% Down… The New Conventional Mortgage? By: Tracey Valko

General

Posted by: Vladimir Britch

If you’re looking to buy a new home, one of the most difficult things can be putting together a down payment for the mortgage. So how much do you really need to put together before you can get into the home of your dreams? Let’s take a look at some of the different options, with […]

Read More
11 May

So You Want To Port Your Mortgage? By: Len Lane

General

Posted by: Vladimir Britch

Recently a video appeared on Linkedin and a few other places singing the praises of porting your mortgage and making it seem like a walk in the park. If you have ever done one, then you would know that it is anything but that scenario. Porting is not much different than qualifying for a new […]

Read More
10 May

Getting Strict On Documentation By: Pauline Tonkin

General

Posted by: Vladimir Britch

With an increase in concern about fraud, lending institutions are getting strict on documentation for mortgage approval. As part of the mortgage approval process, your mortgage broker will ask for documents to show proof of your income, down payment and possibly other items such as proof of permanent residency and other identification. Since most of that […]

Read More
5 May

Emotional Homebuyers Can Lose Out On the Best Deals By: Marc Shendale

General

Posted by: Vladimir Britch

Buying a home is financial decision, but also an emotional experience. Before we’ve explored every room, we often start imagining our new lives there. Where our furniture will go. The parties we’ll host in the open-concept living-dining space. The mornings we’ll spend at the breakfast bar overlooking the garden or skyline… When a home speaks […]

Read More