Rising mortgage rates, NO PANIC! 80% of Var Mortgage in Canada on FIXED payments until…

By: Kevin Chan

Rising mortgage rates, NO PANIC! 80% of Var Mortgage in Canada on FIXED payments until…

Tags: Interest Rates, Bank of Canada

According to central bank data 80% of Variable Mortgages in Canada are on Fixed payments. (as per Globe & Mail).This is helpful to help household budgets manageable as mortgage rates rise due to rapidly increasing BOC rates.  A higher proportion of the mortgage payment goes towards paying interest and less principal as rates rise.   UNTIL… you hit your TRIGGER RATE at which ...Read More

Federal Liberals Making Homes more Affordable

By: Kevin Chan

Federal Liberals Making Homes more Affordable

Tags: Tax Free First Home Savings Account, RRSP, Home Prices, Foreign Buyers

The Federal Liberal government has recently tabled a new budget with many new tools and plans to help make homes more affordable and “…make every Canadian a homeowner in any neighbourhood they want” as per Chrystia Freeland.  Is this too little too late and will it have real impact in such hot markets like the Greater Toronto Area? Or is it too little too late? Or just too ...Read More

Ontario Real Estate Non Resident Tax Increasing to 20%

By: Kevin Chan

Ontario Real Estate Non Resident Tax Increasing to 20%

Tags: Taxes, NRST, Foreign Buyers Tax

  Since 2017, the provincial government have implemented a series of measures to help calm the real estate market in Ontario.  One of these measures is called the Ontario Non Resident Speculation Tax (NRST) which imposed a 15% on the purchase of any property in the Golden Horse Shoe Region for individuals who are foreign nationals or by foreign corporations or taxable tru...Read More

Income Property Analysis - Quick & Dirty

By: Kevin Chan

Income Property Analysis - Quick & Dirty

Tags: Cap Rate, CAsh on CAsh, CCR, ROI, Income property, Investment Property

  Through my years as a Realtor I have seen investors make purchase decisions based on nothing more than the price of the property and speculative future value. A few key metrics can quickly help an investor compare properties or assess it's viability as an investment.   The Greater Toronto Area property market has seen consistent price increases for years therefore it is...Read More

Buying a New Home - Closing Costs

By: Kevin Chan

Buying a New Home - Closing Costs

Tags: Closing Cost, Pre-Construction Condos, Tarion

Homebuyers can be in for sticker shock when it comes to closing on the purchase and sale of their home. There may be many upfront costs beyond the negotiated price of the home. Being informed and aware of some of the possible fees, taxes and insruance costs can help homebuyers prepare and alleviate some of the financial anxiety associated to the home buying process. The fees/prices and rebates ind...Read More

35 Bales Ave #210 - Cosmo by Menkes (Yonge / Sheppard) SOLD in 1 Day!

By: Kevin Chan

35 Bales Ave #210 - Cosmo by Menkes (Yonge / Sheppard) SOLD in 1 Day!

Tags: Condos North York, Menkes Condos, Yonge/Sheppard, North York Real Estate, Condos

  This Immaculate ~500Sqft 1 Bedroom Suite Features Highly Functional Floor Plan That Has The Look And Feel Of A Much Larger Suite. Well Situated In The Heart Of North York. Sheppard Ttc Station, Wholefoods, Longos, Rexall, Lcbo, La Fitness, Major Banks, Hwy 401, Restaurants And Coffee Shops Galore Are Just Steps Away. Location Can Not Be Better! SOLD PRICE: $530,000.00 (asking $479,00...Read More

Pre-Launch VIP  - Bauhaus Condos by Lamb Developments

By: Kevin Chan

Pre-Launch VIP - Bauhaus Condos by Lamb Developments

Tags: VIP Condo Sales Toronto Pre-Release pricing, Toronto Condos

      Download Floor Plans Download Price List Reserve or Inquire ...Read More