Morrison Sells Real Estate – Toronto Real Estate Agents
Your Property, Our Priority
416.322.8000
The new mortgage rules and stress test come into effect soon. How can it be beneficial to help someone find a mortgage to invest in property?
Listen to “The New Mortgage Rules & How Non-Investors Can Help Those Looking to Invest” on Spreaker.
Attention first-time buyers! This spacious 3-bedroom bungalow with separate entrance to the basement and 2 Bathrooms, Located at Victoria Park & Lawrence Ave is your opportunity to own a home in the city and it’s a short walk to Parkway Mall, Metro and restaurants. You can enjoy bike rides and walks at Parkwoods Trail. Close to the mouth-watering Mediterranean gourmet grocery store; Arz Fine Foods. Easy access to the DVP, 401 and the new Eglinton LRT. Visit 27 Greylawn
Listen to “The New Mortgage Rules and How They’ll Affect You” on Spreaker.
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.
Here’s the latest real estate updates for you on Toronto’s market.
Here is what “no money down” means in reality. Plus, it definitely is good for real estate investing.
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.
Listen to “Real Estate Investing in Barrie, Ontario” on Spreaker.
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.
