Tips for Toronto Living
Check out this short and informative video from the Toronto Real Estate Board for some useful tips. Toronto Living – Homeowners Kit for Energy Ideas and Savings
New Minimum Down Payment Rules Effective February 15, 2016
This past December, Finance Minister Bill Morneau announced changes to the rules for government-backed mortgage insurance. Effective February 15th, the minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000. The minimum down payment will remain at 5% for homes with a purchase […]
2016 Water & Wastewater Rates for Halton Region:
Interested in learning more about the 2016 water and wastewater rates for Halton Region? For details use the link below to view the water & wastewater rate card published by Halton Region for 2016. 2016 Water & Wastewater Rate Card for Halton Region
Home Prices Continue to Rise
According to the Teranet Home Price Index this month, Hamilton home prices are up 8.4% and Toronto is up 7.6%. In our humble opinion, the increase is fuelled by our record low interest rates combined with lower than average inventory of available homes.
New Mortgage Rules Coming Next Week…
In recent years, there have been many changes to the mortgage rules. Finance Minister Jim Flaherty has implemented the various changes to prevent a housing bubble (which is just fancy-speak for unsustainable growth and a subsequent crash). The first changes came in 2008, when the federal government limited the maximum amortization period for mortgages to […]
Record Low Mortgage Rates
The lowest mortgage rate in Canadian history could continue to fuel record-breaking housing sales in Canada. The Bank of Montreal and the TD were the first to announce a drop in their five-year, fixed-rate mortgage by 0.5% to 2.99%. This mortgage rate is only available until Jan. 25 from BMO and until February 29th from TD, and […]