There are many options to get a loan for a house, either a mortgage broker or a big bank, a difference in a rate can cost you thousands of dollars. As the housing prices are going up and the stress test has been implicated, it has become even harder for some to get mortgages. For many first time
Are Home Prices Finally Dropping In August for Toronto?
The only thing that seems to be stable at this time is the hot weather. Housing prices in Toronto and the GTA seem to be fluctuating this month. Since the implication of the ‘stress-test’, it has caused many first time homebuyers difficulties buying their homes - and for some even delay the proc
The Great Millennial Debate: Rent or Buy
The ‘great’ Canadian dream of buying a house in your mid-twenties seems like a fantasy at this point. Almost a shocker that people in their 20’s were once able to buy a house! Nowadays, people born between 1980’s to mid 1990’s – millennials – are prime candidates to buy a house due to
Taking Measures to Improve Your Credit Score
It’s no secret these days that when it comes to houses, prices are on the rise. On the other hand, it seems that it’s becoming somewhat difficult to get the mortgage you want nowadays. A good credit score is one of the more important factors when trying to gain mortgage approval. Since it is
Mortgage ‘Stress Test’ Implications on Homebuyers
In Canada, about 700,000 homes are purchased annually, of these, 625,000 to 650,000 will require financing, while just over 1 million homeowners will renew their mortgages - all who will have to undergo a new test. From January 1st of this year, Canadians were introduced to numerous new rules* relat
Monthly Toronto Housing Report – July 2018
As the temperature goes up, the housing prices seem to be cooling down even further. According to the Canadian Real Estate Association, the decline of house prices this spring season has decreased the Canadian average - the first to a nine-year low for the three month period of March to May. But
Toronto’s Skyrocketing Rental Condo Rates
Here is our weekly editor’s pick of 4 articles that explain what is going on with the current condo rental market in the Greater Toronto Area, and how it happened. The GTA is facing with rapid growth of rental rates since the second quarter of 2017. According to new data from Urbanati
Changing Real-Estate Trends? Keep Up-To-Date With These Blogs
Here’s the thing: the real-estate market is unpredictable. It is hard to keep up with it when you are busy yourself. But it is a topic to be aware of if you are going to enter the real estate market or are planning on purchasing another property. It gives you knowledge about the changing of the