Yesterday, OSFI (The Office of the Superintendent of Financial Institutions) announced some new rules to tighten up the real estate market. These rules will affect anyone putting 20% as down payment or more on a home. Currently, anyone purchasing a house over a million dollars will have to put a down payment of at least 20% to qualify for a mortgage. Those who spend less than a million dollars and put down less than 20% have been experiencing this additional stress test for the last year. Continue reading →
This past week we in the real estate industry seem to be of two minds. It seems all the Realtors are holding the same half full glass of water and we are debating the age old question of is the glass half full or is it really half empty.
In my third installment of research along the TTC subway map, I decided to investigate the average price of semi-detached houses in Toronto. Also, the increase or decrease in home prices from 2016 to now.
Have you ever thought about buying an investment property? It can be a great move for just about anyone with the means. It can add to your income right now and shore it up in retirement too. Investing outside of Toronto could be very beneficial. Continue reading →
Located in the Junction, This bright, South-facing 1-Bedroom with balcony offers a beautiful view. Open-concept kitchen, living and dining space ideal for entertaining. Close to buzzing new restaurants and coffee shops that the junction has to offer. Near Keele and Dundas subway stations, High Park, bike trails and Hwy 400. Includes locker.