First-Time Homebuyers more Prepared in 2013
First-time homebuyers continue to adjust to the rules that are being placed in front of them, says a recent survey by our friends over at Genworth Financial.An annual poll by Genworth asked 1,514 Canadians questions about their financial well being,
Mississauga faces Development Quandaries
The strong demand for high-rise living is reaching beyond downtown Toronto. Mississauga has experienced a significant spike, with an estimated 60 to 70 percent of new home developments being condos.Developers have moved to intensify pockets of
PETER POLITIS OF GREYBROOK REALTY PARTNERS
We love our behind-the-scenes views of the real estate industry. We talk a lot about the developments planned for Toronto, but one thing that we rarely focus on is the financing aspect of the projects. Without proper financing, developments are
Ben Myers Makes a Move to Fortress
One of our favourite people to talk to about the condition of the condo market is Ben Myers. During his time at Urbanation, he provided a balanced and factual view of the condo industry by always relying on the stats.It was announced earlier this week
When and When Not to Refinance Your Mortgage
By RateHub.caJust because you’ve signed on the dotted line doesn’t mean you’re stuck with your mortgage until the very end. Refinancing your mortgage can be a wise move, but it can also cost you thousands in prepayment penalties. Whether you’re looking
Toronto Looking to Double Development Charges
Just how much is too much when it comes to development charges? The City is always looking for ways to add more cash to its coffers, and developers are constantly focusing on maintaining affordability.The City of Toronto is once again floating the idea
Talking City Building in Toronto
This morning, BILD members congregated at the Toronto Marriott for a presentation on city building in Toronto.A panel of Councillors, consisting of Adam Vaughan of Ward 20, Kristyn Wong-Tam of Ward 27, Peter Milcyzn of Ward 5, and Ana Bailao of Ward 18,
25-Year vs. 30-Year Mortgage Amortizations
by RateHub.ca When shopping for a mortgage, you’re probably most concerned with the interest rate and term. However, an equally important decision is the amortization period, which is the length of time it takes to fully pay off your mortgage.25-Year
Mississauga Backing off Land Transfer Tax...For Now
Last week, we wrote about the City of Mississauga’s plan to start charging a land transfer tax, one that would add thousands of dollars to the price of a new home in Mississauga. We felt that it was unfair, and illogical, since no new services were being
Mississauga Looking at New Land Transfer Fee
Remember that pesky land transfer tax in Toronto? The one that has helped deter buyers from purchasing both low-rise and high-rise homes in the city? The one that adds upwards of $20,000 to the bottom line when moving to Toronto? Yup, that’s the one!
