Agent Blogs
What is one of the best enhancements I can do when selling my home?
Expert Question posted by Sue Kay
Views (18275)
Hi, This is a great question. Many times it depends upon the house . Some houses can really benefit from curb appeal, that will spike the intrigue and get your potential buyer in the door. Getting advice from an independant ie; stager or designer that... [ read more ]
Cory's Mortgage Market Update
Blog posted by Cory Kline, AMP
Views (8295)
The bond rate has been steady the last few weeks. From a year to date high of 2.53 on April 8th, the rates have fallen 30-35 basis points. This has resulted in all lenders lowering their fixed rates. 5 year mortgages are now available in the 3.89-4.19% range. There... [ read more ]
Down Payment
Blog posted by Cory Kline, AMP
Views (8394)
The main reason many renters feel they can't afford to purchase a home has to do with saving for a down payment. But there are many solutions available today that can help first-time buyers with their down payments.
Many lenders will allow for a gifted or... [ read more ]
Beware of Mortgage or Title Fraud
Blog posted by Cory Kline, AMP
Views (30634)
In a time where identity theft and Ponzi schemes are plastered across the daily news, the last thing you want to worry about is yet another way to lose your hard-earned money.
But as a homeowner, you need to be aware of crimes on the rise known as mortgage fraud... [ read more ]
No New Mortgage Rule Changes: Flaherty
Blog posted by Cory Kline, AMP
Views (9006)
Financial Post Staff May 10, 2011 – 6:54 PM ET | Last Updated: May 10, 2011 7:14 PM ET
By John Greenwood and Barbara Shecter
There has already been “some softening” in the Canadian real estate market so there is no need for further... [ read more ]
Hi Kevin, I am seeing the mortgage information for the property at 30 Greenfield stating that there is no money down required for an income of over $92k with a 30 yr term. How accurate is this? Thanks! Stephanie
Expert Question posted by Kevin Harris
Views (11018)
Hey Stephanie,
This program is offered through several lenders and is available and can be used to purchase this property.The ratios needed to qualify work on the calculation of the carrying costs for this property based on the 92k/yr (income maybe... [ read more ]
How much do you charge and what would the land transfer fees be on a $320,000 house. I have a client moving in July so I will refer but he wants to know the charge. Will be selling in Barrie and buying in Springwater. Thanks Judy
Expert Question posted by Joanne McPhail
Views (17000)
Hi Judy: Thanks for your questions and for thinking of me! Land transfer tax would be $3275.00. Our fee on a purchase with a mortgage is $900 plus HST and the usual disbursements. We usually tell clients to budget about $1600 plus the land... [ read more ]
Interest Rate Forcast
Blog posted by Kevin Harris
Views (22346)
INTEREST RATE HIKE LIKELY
Chances are good we’ll see an interest rate hike from the Bank of Canada this summer, based on the latest inflation figures. Higher food and fuel prices pushed the inflation rate to 3.3 per cent last... [ read more ]
Bank of Canada Holds Rates
Blog posted by Kevin Harris
Views (33853)
BANK OF CANADA HOLDS INTEREST RATE AT 1%
The Bank of Canada has kept its trendsetting overnight interest rate at one per cent, but not because the economy is doing poorly. The bank says the economy is actually outperforming expectations, and now expects... [ read more ]
Cash Back May Be King
Blog posted by Kevin Harris
Views (24574)
Cash Back May Be King!!
As mortgage rules have changed and are now in place as of March 18th consumers will feel the effects of these new changes quickly.
Drawing the amortization in to a maximum 30 year term from the 35 year term it had been... [ read more ]
Corys Market Update...April 7,2011
Blog posted by Cory Kline, AMP
Views (13133)
A Mortgage rate increase has happened over the last few days. Fixed rates moved up by 20-30 basis points. We still have a few lenders who have not moved yet, but fully expect to lose them any day now. 5 year fixed mortgages are now in the 4.2-4.3%... [ read more ]
I have been in this home and have noticed a huge crack in the top of the concrete verandah. And when you are looking from the kitchen to the front window, there is a noticeable sag in the ceramic floor in the dining room. Why is this occurring and what cost is it to repair? Are there other structural problems with this home? It's been on the market far too long. We are interested in this home, but highly suspect there will be many costly issues in regard to structure and water quality and quantity.
Expert Question posted by Peter Frueh
Views (10986)
Thank you for a most interesting question! For this type of question, it is verty difficult to give an answer without first seeing the home. How old is it? Where is it located,(bottom of a hill), is there a basement,added. What do you mean by the 'top of... [ read more ]
Mortgage Market Update...Rate Watch
Blog posted by Cory Kline, AMP
Views (18164)
We will be seeing an increase to Fixed Mortgage rates over the next 24 hours. The bond rate has continued to inch upwards the past few days. We have had several lenders contacting us with warnings of rate increases.
If you are thinking of... [ read more ]
Hello Sue, I have a client who wants to repaint the exterior of their home. Its the big "rogers house" at 122 Sunnidale, you may know it? Anyway can you recommend someone for exterior painting that will be reasonable, qualified and do a great job? Stephen Stables Century 21
Expert Question posted by Sue Kay
Views (16133)
Hello Stephen,
I am familiar with that house and I have always admired it. Are they planning on changing the existing colour because that will influence the price. I have just the gentleman for you that will do a super job. His name is Reuben, and can be found at... [ read more ]
As a young professional I am looking to buy my first home. With a gross annual income of $69,000 and total monthly debt obligations of $1000, what size of a mortgage should I realistically be looking at? Thank you very much for your time.
Expert Question posted by Kevin Harris
Views (9778)
Thank you for your question.... with the recent changes to the mortgage industry in relation to the limiting of the Amortization period to 30 years I ran my calculations based on that and at today's low rates. With an income of 69K and the 1000/mo obligation... [ read more ]
