Category Archives: Mortgage

Will interest rates to rise slowly?

Posted on May 23, 2011 by Derek

What a difference a few months makes. Now, almost two-thirds of the way through the second quarter, not only have those predictions not proven accurate, but in recent weeks major lenders have even dropped rates on some mortgage products. The interest rate environment still remains quite favorable for Canadians. Benjamin Tal, senior economist at CIBC World Markets and one of Canada’s most quoted domestic economists, now suggests interest rates may … Continue reading →

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FREE SERVICE FOR BUYERS!! WELL USUALLY…

Posted on May 2, 2011 by Derek

I wanted to talk about what First Time Home Buyers can expect to pay their Realtor for commission. This is a topic that comes up very often and most First Time Home Buyers think that when they get started in the home buying process that they need to pay someone, but that’s not necessarily the case, well usually… The majority of the time, and I mean 99.9% of the time, … Continue reading →

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April 2011 Housing Market Charts

Posted on April 15, 2011 by Derek

Here are the latest housing market charts from the Toronto Real Estate Board. I use these charts to spot trends in the market and compare year over year, month over month stats that my clients benefit from wheather they are buying, selling or just inquiring on the over all state of the real estate market in the GTA. As you will notice sales are down from last year but prices … Continue reading →

Posted in Buying, Monthly Housing Figures, Mortgage, Selling | Tagged housing market charts, housing stats, toronto real estate board, treb | Leave a comment

TOUGHER MORTGAGE RULES

Posted on March 10, 2011 by Derek

How does this affect you? So we all woke up Monday morning in January to discover that Jim Flaherty added three new mortgage rules to the way that Canadians can borrow money. These changes came as concern issed by the Bank of Canada that Canadian household debt levels were reaching all time highs. These are the 3 changes that will affect every Canadian from March 18, 2011 going forward. 1)Reduce … Continue reading →

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