Residential Mortgage Rates as of December 14, 2015
Term Fixed Closed Rate 6 months 3.95% 1 Year 2.29% 2 Year 2.29% 3 Year 2.34% 4 Year 2.49% 5 Year 2.79% 7 Year 3.44% 10 Year 3.89% Prime = 2.70% Variable Closed (5 yr) = Prime minus 0.50% = 2.20% Variable Open = Prime plus 0.80% = 3.50% Secured Credit Lines = Prime plus…
Read MoreBreaking A Closed Mortgage Can Cost You
A closed mortgage is a mortgage where the term of the mortgage is fixed for a period of time. Generally speaking, a closed mortgage will come with a lower interest rate as compared to an open mortgage. While an owner will benefit from lower mortgage payments with a closed mortgage as compared to an open…
Read MoreCreating Sustainable Neighbourhoods
A neighbourhood with sustainable features is one that meets your needs while protecting the environment and leaving an affordable legacy. This type of neighbourhood offers homes that are located near shops, schools, recreation, work and other daily destinations. Like a village, these places are a pleasant, convenient and safe walk, cycle or bus ride from…
Read More5 Tips To Create A New Bathroom For Less
A bathroom remodel is one of the most valuable home improvement projects you can undertake. According to Remodeling Magazine’s 2015 Cost vs. Value Report, a mid-range bathroom remodel of $16,000 recoups 70 percent of its value at the time of resale. But what if you want a great bathroom on a smaller budget? Or crave…
Read MoreT’is The Season
The holiday season is fast approaching and many homeowners are busy planning this year’s festive display. But before you start stringing lights and decorating trees, Health Canada has some tips to ensure the items you are bringing into your home are safe and hazard-free. Holiday Trees When buying a real tree, make sure it’s fresh…
Read MoreProtect Yourself When Shopping Online
More and more holiday shoppers are letting their fingers do the shopping this year. Shopping online is easy and convenient, but it can put your personal information and finances at risk. If you connect to the Internet by a wireless network, or WiFi, make sure you take steps to protect your personal information from fraud…
Read MoreWill Interest Rates Rise or Will They Fall?
Over the past few weeks interest rates, specifically longer term (5 year term) fixed rates, have risen on average 0.25%. Not a massive leap, and not the beginning of the end of low rates by any stretch. Understanding The Basics Fixed interest rates are predicated on the bond market. Where the bond market goes is…
Read MoreGTA Realtors® Release November Resale Housing Figures
December 3, 2015 – Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 7,385 home sales through TREB’s MLS® System in November 2015 – up by 14 per cent compared to November 2014. This result also represented the best result on record for the month of November. Sales through the…
Read MoreMid November 2015 TREB Sales Statistics
November 17, 2015 – Toronto Real Estate Board Members reported 3,616 sales through the TREB MLS® System during the first 14 days of November 2015. This result represented a 9.4 per cent increase compared to November 2014. Year-over-year sales growth was strong for all major market segments, with the annual rate of sales growth strongest…
Read MoreResidential Mortgage Rates as of November 17, 2015
Term Fixed Closed Rate 6 months 3.95% 1 Year 2.29% 2 Year 2.29% 3 Year 2.34% 4 Year 2.49% 5 Year 2.59% 7 Year 3.44% 10 Year 3.89% Prime = 2.70% Variable Closed (5 yr) = Prime minus 0.50% = 2.20% Variable Open = Prime plus 0.80% = 3.50% Secured Credit Lines = Prime plus…
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