Finance Minister Bill Morneau is increasing the amount homebuyers must put forward as a down payment on houses over $500,000. It’s a move designed to cool off the booming real estate market in some of Canada’s biggest cities. Homebuyers will have to put 10 per cent down on the portion of the price over […]
toronto home buyer
5 reasons Toronto house prices won’t crash in 2016
After the Greater Toronto Area’s record year in 2015 for both the number of homes sold and the average price, the question is: when will it all come crashing down? The answer: not in 2016. Here are five reasons why this won’t be the year of Toronto’s housing collapse. 1. Supply and demand It’s the simplest rule […]
Buying and Selling a Home During the Holidays
Buying and Selling a Home During the Holidays Sеllіng During thе Hоlіdауѕ – Pros and Cons For thе mоѕt раrt, real еѕtаtе аgеntѕ rесоmmеnd аgаіnѕt ѕеllіng your home durіng thе hоlіdауѕ, аnd fоr оnе vеrу good rеаѕоn – dеmаnd іѕ low. Pеорlе аrе often traveling оr spending tіmе with loved ones, аnd not […]
Buying a home – Buyer’s guide
Buying a home – Buyer’s guide 1. Start with your credit. Credit reports are kept by the three major credit agencies, Experian, Equifax, and TransUnion. They show whether you are habitually late with payments and whether you have run into serious credit problems in the past. A credit score is a number calculated […]
Home Warranty vs. Home Insurance – Do You Really Need Both?
Whether you’re a current homeowner or prospective first-time buyer, you’re likely familiar with home insurance. You may have also heard the term home warranty. Many homeowners, new and current, confuse the two and think they are the same. In reality, a homeowners insurance policy and a home warranty are very different. Insurance is required, […]
