5 questions move-up buyers need to ask themselves
With the rising price of housing in the Greater Toronto Area (GTA) and surrounding areas and the recent mortgage rule changes, first-time buyers aren’t the only ones struggling. The average price of a new low-rise home in the GTA is nearly $1 million, so
Attempting to understand the new mortgage rules
As new mortgage rules take effect this week that make stress-testing mandatory for all insured mortgages, I’m left scratching my head. The new rule requires a stress-test for all insured mortgages, i.e. it will affect any prospective buyer with less than
Buying your first home will cost more than you think
If you’re buying your first home, you’re probably focusing on saving enough money for the downpayment. That’s a great start, but you should know that there are many other fees and expenses that come with buying a home.Depending on who you ask, it is
First-time buyers are flocking to Daniels FirstHome™ Sunny Meadow in Brampton!
The weekend everyone has been waiting for is almost here! Daniels FirstHome™ Sunny Meadow in Brampton will go on sale on Saturday, October 15th at 8 am sharp! Yesterday, Daniels started previewing Sunny Meadow to registrants and the public. There are
What does the new mortgage rule mean for first-time buyers?
On October 17, 2016, most first-time buyers will have less borrowing power when it comes to being approved for a mortgage. Whenever less than 20% is put down on a home, the mortgage needs to be insured. The new rule states that every insured mortgage
What to do when you’re touring a model home
Uptownes by Geranium HomesWhether you’re touring a model suite in a presentation centre or a fully built model home in a new low-rise community, there are a few things you should do during your walkabout.We’ve been to our fair share of models and it
5 millennial myths you can consider busted
To be honest, we’re getting pretty tired of hearing the M-word. You know what we’re talking about: millennials. According to the media and marketers, this generation seems to be responsible for all the ups and downs in every major industry. For the
How to get over your crippling housing FOMO
We realize it isn’t 2007, but FOMO (fear of missing out) is the best way to describe the anxiety that many prospective homebuyers are feeling at this point in time. Toronto’s real estate market is hot - some say it will be even hotter than Vancouver in
What to remember when baby-proofing your home
When you see the world through your child’s eyes, everything is new and exciting. However, safety-wise, everything is much more dangerous. For this reason, baby-proofing your home is an essential practice to avoid any unfortunate accidents.While many
These tips will help you stick to your monthly budget
With the price of housing steadily on the rise with no signs of slowing down, it seems more important than ever to stick to your monthly budget. Whether you’re saving for your first home, paying off a mortgage, or content renting, the high cost of living
