Did you know that when you are ready to purchase a property you will hear the word insurance, over and over again.  Mortgage Insurance, Life Insurance, House Insurance Who do you know that has no idea why they have to pay for mortgage insurance, when they’re buying a property with less than a 20% down payment. The reason buyers pay mortgage insurance is to protect the lenders money.  Yes that’s right, buyers pay to insure the lenders money.  If the Buyer,... [read more]

Principal Residence Exemption For the 70% of Canadians who own a home, it is a place to live, raise a family, and connects them to their community. Due to Canada’s tax system’s Principal Residence Exemption, when we sell our homes, any increased value or “capital gains” are not taxed. This tax break matters to Canadian homeowners. Collectively, we have about $3 trillion in home equity and our homes are often our largest financial asset. However, starting... [read more]

Pickering has been named one of the top North American cities of the future by fDi magazine for 2017/2018. fDi shortlisted more than 421 locations across North and South American in five categories: economic potential; business friendliness; human capital and lifestyle; cost effectiveness; and connectivity. The City of Pickering was ranked in the top 10 among micro cities, placing fourth for connectivity and sixth for business friendliness. Pickering was also recently named one... [read more]

Deciding what price tag to put on your home is never easy.  Price is often the determining factor for potential buyers. Location, layout and amenities are important but in the end most of us have to look at the bottom line.  Many sellers like to think they can start with the price they originally paid, add a healthy mark-up and wait for the offers to roll in. A lot of those sellers will have to adjust their price once their home is on the market. Try to put aside your... [read more]

  The Real Estate market is changing! Residential sales down 2.2% in April 2017 compared to a year earlier. New listings in Ontario numbered 41,089 units in April 2017, an increase of 10.5% compared to last year. The provincial average price of homes in April 2017 rose 24.1% compared to a year earlier. More inventory means less multiple offers & lower prices. It's a good time to buy!! Call Bonnie 416-254-1123 if you... [read more]