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The Ugly Duck

Friday Feb 17th, 2017

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Recent studies have shown that the old adage of buying the worst house on the block may not offer the best rate of return. Often it is the worst house, and priced accordingly, for good reason. As an investment strategy one is often better off focusing on the neighborhood itself, with an average home in a hot neighborhood often doing far better than the ugly duckling in a less desirable area.   [read more]

Strong Market Ahead!

Thursday Feb 23rd, 2017

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Home ownership continues to be a great investment and remains very important to the majority of Canadian households. As we move through 2017, we expect the demand for ownership housing to remain strong, including demand from first-time buyers who, according to a recent Ipsos survey, could account for more than half of transactions this year. However, many of these would-be buyers will have problems finding a home that meets their needs in a market with very little inventory. That's where we... [read more]

Increase to CMHC Fees

Wednesday Feb 22nd, 2017

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CMHC Fees are set to increase on March 17th. A typical 5 year, 5% down mortgage will see insurance fees jump from 3.6% to 4%. But if you buy a house before March 17th, you will get the lower rate. Contact us for more info... [read more]

MORE HOUSE FOR YOUR MONEY

Tuesday Mar 14th, 2017

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Where can you get more house for your money? DURHAM REGION!!! House prices are on the rise in the GTA, but the best bang for your buck is still in Pickering, Ajax, Whitby, Oshawa, Clarington, Uxbridge & Port Perry. This news is nothing new. Housing prices have been about 30% lower, for the same house for quite sometime. Better transportation (407 & Go transit) & more investment have made Durham a great place to raise a family and live. Contact us and we will be happy to fill you in... [read more]

Tough Mortgage

Wednesday Feb 8th, 2017

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Over the last few years, more purchase offers have fallen apart due to financing than in the past couple of decades combined. Financing has become that challenging, and few people realize it until they actually write an offer and make the application. When it comes to mortgage financing, while money may never have been cheaper… it’s also never been harder to get. Get preapproved!!! [read more]

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