Tag: interest rates

magnifying glass credit score

The Ultimate Credit Score Guide For New Home Buyers

Overview: a guide for new home buyers looking to build their credit score and qualify for a mortgage. It determines whether your mortgage is approved or denied, how much interest you’ll pay on your home loan, the terms of your mortgage, and the availability of lenders. And with interest rates soaring, qualifying for a mortgage is becoming increasingly harder—especially for…

August 2022 GTA Toronto Housing Report stats.

August 2022 Market Report: GTA Home Sales & Prices Drop

Overview: a look at the August 2022 housing market numbers for Toronto and the GTA, with a focus on condos, rentals, and the impacts of the latest interest rate hike. The following headlines sum up the August 2022 housing market: Toronto Home Prices Drop 16% in Historic Five-Month Slump —Bloomberg Home prices and sales in August see month-over-month growth for…

June 2022 Housing Market Report for Toronto and GTA.

June 2022 Market Report: GTA Now A Buyer’s Market

Overview: a look at the June 2022 housing market numbers, Toronto’s transition into a buyer’s market, plus advice for buyers and sellers. That’s because, after years of waiting, Toronto has finally become a buyer’s market. In fact, the last time Toronto was in buyer’s market territory was in 2020, but that was short-lived as home sales and prices quickly broke…

February 2022 housing market chart for GTA & Toronto.

February 2022 GTA Housing Market: Sales Dip, Prices Rip

Overview: a look at the February 2022 GTA housing market numbers, with insights on sales, prices, inventory, interest rates & new Shared Equity Program. Like the last few months, February saw falling sales, rising prices and lacklustre listings. However, there are also major changes on the horizon. For instance, interest rates are climbing after being at historic lows since the…

Ask An Expert: Advice From A Mortgage Agent

Overview: our first Ask an Expert blog provides insights and advice from a mortgage agent on borrowing, financing, interest rates, home appraisals, mortgage deferrals, and more. I recently interviewed Daniel Vyner, Principal Broker of DV Capital Corporation, for my Ask An Expert segment. Daniel’s job is to arrange traditional and alternative financing for real estate clients, as well as facilitate…

2020 Spring Market Forecast: What’s In Store for Toronto?

Overview: an in-depth look at Toronto’s upcoming 2020 spring market, including the impact of the coronavirus and economic uncertainty on buying and selling real estate. In our last spring market blog, we correctly predicted that “Toronto’s housing market is ready for another strong season.” February saw a 16.7% increase in average home prices across the GTA and sales were up…

March 2020 Interest Rate Cuts: Everything You Need To Know

Overview: a look at the Bank of Canada’s March 2020 interest rate cuts and their impact on Toronto’s housing market, including mortgages, buying and selling property, and the future of Toronto real estate. These two cuts, coming within days of each other, mark the biggest rate cuts since 2009—and the first in almost 5 years. Shortly afterwards, Canada’s major banks…

Fixed Vs Variable Mortgages: Everything You Need To Know

Variable or Fixed Mortgage – Which Is Better? Since July 2017, the Bank of Canada has raised its key overnight rate four times. It currently stands at 1.5%, while the prime lending rate of big commercial banks is 3.70%. This has left many homeowners wondering which is better: fixed or variable mortgages? Furthermore, what are the benefits of mortgage insurance?…