News Flash: Changes to Canada’s Housing Rules Announced. Will this affect your upcoming mortgage renewal or your next home purchase? On Monday, October 3rd, Finance Minister Bill Morneau announced four major changes to Canada’s housing rules. If you are buying or selling this fall or upcoming winter or have a mortgage up for renewal, this could affect you. Stress Test Will be Required For ALL Insured Mortgages: As of October 17, 2016, “a stress test for approving high-ratio mortgages will be applied to all new insured mortgages - including those where the buyer has more than 20% for a down payment,” writes Bill Curry, Globe and Mail. Current rules define a high ratio mortgage as one where the buyer has between 5-20% down payment . . .
Designed by Mike Nevin, this superb downtown condo is centrally located, vibrant, was waiting for you, but alas, it's now gone. Want one like it? Let us know! 320 Richmond Street East, Suite 517. The Modern. Condo for Sale in Toronto. Looking for great downtown living? The Modern building is superb - great location, walking distance to work, restaurants, shops, TTC, bike paths, Distillery, Financial District, St. Lawrence Market, Gardiner, and so much more. Perfect size for a single or couple, this is a great condo for a first time home buyer or someone looking to have a condo in the city as a getaway. You'll love the building and it even has guest suites, visitor parking, rooftop terrace, outdoor cold and hot plunge pools, . . .
https://www.youtube.com/watch?v=-HsIRK4zGQk&feature=em-share_video_user . . .
SOLD! 7 Carlton St, Suite 1812. The Ellington featuring The Bluenote Suite: There is a large majority of buyers in Toronto right this second, who are qualified up to $650,000 or $700,000 and cannot find a detached or semi-detached home that suits their needs. And they don't want to move to the suburbs. So, what's the answer? A fabulous, spacious condo, of course! Even for those of you who've said "no way" to condos, now is a great time rethink that. Let me show you why.... Suite 1812 in The Ellington is in the heart of downtown at the southeast corner of Yonge and Carlton Streets. The entrance to the building is in a courtyard, just off of Carlton Street. You or your guests drive through a beautiful stone archway to pull . . .
Some people are beginning to think this market is only benefiting the seller, not the buyer. NOT TRUE! We've identified the best possible seller/buyer combination in the current market. And surprise, it just might be you! Toronto West (Etobicoke): For illustration purposes, our reference points are the neighbourhoods in Toronto West, including Etobicoke, Mimico, Sunnylea, New Toronto, and the areas around Islington (south of Bloor), and around Scarlett Road. Bungalows Galore! In this area, there are bungalows everywhere you turn. In the US, these would be called a ranch. They are a one-storey home, typically with a kitchen, living room, dining room, bathroom, two or three bedrooms, and a finished basement. There may or may not . . .
Home sales in Toronto and in the neighborhood of Sunnylea have not slowed down. The only thing that has slowed down is the number of homes that have been listed to sell on the market. There needs to be more houses for sale in Toronto! If you have been thinking of downsizing or retiring, this is a FANTASTIC time to sell and get great dollars for your house. Everyone's home finishes, fixtures, and features are different on their home. Let us know if you'd like a sale price on your home. How much money would you make if you sold your home today? Sandy Bodnar and Rayissa Palmer are a mother-daughter real estate team that helps create the best possible outcomes for their clients when they are buying or selling a house. You can . . .
Only 9 Homes in Sunnylea in the month of April 2016, based on the statistics I compiled from TREB. Listed below are the averages for the homes that sold in Sunnylea during that month. BUNGALOW: 1 Sold. 18 Days on the Market. Listed average $829,900. Sold average $805,000. 97% of asking price. 1 1/2 STOREY: 4 Sold. 6 Days on the Market. Listed average $963,000. Sold average $1,105,750. 115% over asking price. (Multiple offers for most.) 2 STOREY: 4 Sold. 8 Days on the Market. Listed average $1,271,500. Sold average $1,343,500. 106% over asking price. (Multiple offers for most.) This falls right in line with the new average home sale price in Toronto, that TREB (Toronto Real Estate Board) recently released, of $1.2M in . . .
Top 10 Tips for a Great Open House Experience in Toronto - as a Buyer... Here are some good tips for Buyers to get the most out of your Open House experience in Toronto... Do it yourself, map it out! Prior to leaving, map out where you are going, so you maximize your Open House in Toronto window. Most open houses in Toronto are held Saturday and Sunday between 2-4pm. A few agents begin at 1:00 pm or stay as late as 5:00 pm, but generally the window is 2-4 pm. Ask your real estate salesperson for a list of area Open Houses PLUS property information. Don't waste your time stopping to view houses on Open House in Toronto that are NOT what you are looking for. Ask your agent to give you a list of qualified houses for you . . .
Interest rates have NO change, as per Bank of Canada. Great! Buy or sell your house in Toronto! Interest rates are to remain at 0.5%, announced the Bank of Canada on Wednesday, April 13, 2016. As per CBC Business News on Wednesday, April 13th, “In January, Canada's gross domestic product grew by its biggest amount in more than two years, official data showed last month. That helps explain the new cautiously optimistic outlook from the central bank's decision-makers.” What does this mean for you, as a buyer or seller, in Toronto? In our professional opinion, it is still a great time to sell and to buy in Toronto. Great mortgage rates are to be had for fixed or variable mortgages and lenders are lending. Having a good . . .
Home Buyers Guide: Getting Ready to Buy a House in Toronto Try this Home Buyers Guide for some tips on your home buying experience. To begin, there are lots of different types of home buyers out there. First-Time Home Buyers: With housing prices higher thus higher deposits, many people buying for the first time are in their 30s and 40s Back-in-the-Market Home Buyers: Those that bought 10+ years ago and now want to sell, the market has changed since then Trading-Up Buyers: You’ve made money on your house and are on to bigger and better. Got-a-Raise Home Buyers: Moving because they got a new job, higher pay, woo hoo! Upsizing Home Buyers: Your family has grown with kids, dogs, the cat and you need more room Downsizing . . .