Archive for March 2015
Is Today The Right Time To Buy A Home?
This question arises on a near daily basis within our social circles. The answer: Today is the right day assuming one has found the specific property that works for them on all levels. If the conversation is about a property which one plans to own for at least the next few years, then yes, the right…
Read MoreAre You Making Accelerated Bi-Weekly Payments?
Over the past number of years banks have come up with a rather confusing set of payment frequency options that have left some mortgage clients a bit disappointed 5 years down the road. Rather than the Amortization crushing ‘Accelerated bi-weekly’ plan which a quality Mortgage Broker will discuss with you, clients left to their own…
Read MoreGTA Realtors® Report February Resale Market Figures
TORONTO, March 4, 2015 – Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 6,338 home sales through the TorontoMLS system in February 2015. This result represented a substantial 11.3 per cent year-over-year increase compared to February 2014. Large annual increases in transactions were noted for most major home types,…
Read MoreCurrent Residential Mortgage Rates as of March 3, 2015
Term Fixed Closed Rate 6 months 3.95% 1 Year 2.79% 2 Year 2.34% 3 Year 2.59% 4 Year 2.74% 5 Year 2.74% or 2.59%* 7 Year 3.29% 10 Year 3.89% Prime = 2.85% Variable Closed (5 yr) = Prime minus 0.70% = 2.15% Variable Open = Prime plus 0.80% = 3.65% Secured Credit Lines =…
Read More