Archive for August 2017
Strategies For Deals That Are Falling Apart
Written by Lorne Shuman Anyone involved in the GTA real estate market understands that the market has changed dramatically since the introduction of the government changes in April. These changes, announced without any advance warning, have had a dramatic impact for many buyers and sellers who bought or sold the property prior to their introduction.…
Read MoreWall and Floor Tile Trends
We’re a little more than halfway through the year and it might be time to revisit some of those New Year’s plans you made. For some, those goals might have included an interior renovation or two, as part of a desire to keep your home feeling fresh and exciting. There have been exciting developments in…
Read MoreTen Things to Know About Prime & Your Mortgage
1. Fixed-rate mortgage holders are not affected by Bank of Canada rate changes during their current term. Only those in either adjustable-rate or variable-rate mortgages need read on 2. On July 12 lenders increased variable-rate borrowing costs by 0.25% to match the Bank of Canada increase of the same amount on the same day. 3.…
Read MoreIs My Mortgage Portable?
The question: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality, you may qualify to move 80% or less of the current balance. The proper question: ‘Do I need to re-qualify for my current mortgage to move to a new home?’ The proper answer: ‘Yes, your mortgage…
Read MoreGTA Realtors® Release July Housing Market Figures
TORONTO, ONTARIO, August 3, 2017 – Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area Realtors® reported 5,921 residential transactions through TREB’s MLS® System in July 2017. This result was down by 40.4 per cent on a year-over-year basis, led by the detached market segment – both in the City of Toronto…
Read MoreHardwood Flooring Options
Hardwood—just the word evokes images of charm, richness, and classic looks. Wood floors last a lifetime and gain “character” with age. Board Widths. Select from narrow strips (less than three inches), wider planks (more than three inches), parquet squares, and—a new option—squares and rectangles. The traditional choice, strips, give the illusion of more space, while…
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