If a brand new home, one that has never been occupied before, is what you’re looking for, you have two choices: purchase a residence in a new development or contract a builder to construct one to your specific needs.
FINDING A BUILDER
Bob Sengar's blog
10 Feb 2016
10 Feb 2016
09 Feb 2016
Condo Market Tightened in Q4 2015 TORONTO,
Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 5,595 condominium apartment sales through TREB’s MLS® System during the fourth quarter of 2015. This result was up by 12.6 per cent compared to the same period in 2014.
04 Feb 2016
GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES
Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions through TREB’s MLS® System in January 2016. This result represented an 8.2 per cent increase compared to January 2015.
01 Feb 2016
HOMEOWNERS WEIGH IN ON AFFORDABILITY
A 2015 national survey revealed more than a third of Canadian homeowners felt that housing in their area was unaffordable*. Of course, it's important to recognize that housing affordability varies widely by region.
01 Feb 2016
CHILDREN ON BOARD
Ask your real estate sales representative to schedule fewer showings at a time, and to schedule those you're most interested in for the beginning of the day in case you need to call it quits early. Tell your salesperson as soon as you know a property isn't for you, so you'll waste no time in moving on to the next showing.
25 Jan 2016
Results of the CMHC Study on the Share of Foreign Ownership in Condominium Apartments
The results of the fall 2015 survey indicate that the shares of foreign ownership in condominium apartments remained low in the 16 CMAs surveyed. Shares of foreign ownership ranged from zero per cent in the Regina CMA to 3.3% and 3.5% in the Toronto and Vancouver CMAs, respectively. While still low as a proportion of overall ownership, the percentages in both the Toronto and Vancouver CMAs were higher in 2015 than the 2.4% and 2.3% (respectively) levels recorded in 2014, and the yearover-year changes were statistically significan
25 Jan 2016
Helping to Make Dreams of Homeownership Come True
For most people, the hardest part of buying a home - especially a first home - is saving the necessary down payment. CMHC-insured financing can help open the doors to homeownership by enabling homebuyers to purchase a home with a minimum down payment of 5%.
Loan-to-value ratios up to 95% for 1 - 2 unit owner-occupied properties.
Loan-to-value ratios up to 90% for 3 - 4 unit owner-occupied properties.
17 Jan 2016
Buying House - Things to consider.
Try to buy a home that meets most of your needs for the next 5 to 10 years, or find a home that can grow and change with your needs.
Here are some things to consider.
Size
How many bedrooms do you need?
How many bathrooms do you need?
Do you need space for a home office?
What kind of parking facilities do you need? For how many cars?
15 Jan 2016
Now that you are a Homeowner- Financial Responsibility
Make Your Mortgage Payments on Time
You can make your mortgage payments monthly, biweekly or weekly. But, whichever timetable you've chosen, it's important to always make payments on time. Making late payments is called delinquency. Delinquency may result in late charges and negatively affect your credit rating. Failing to make payments can even lead to very serious consequences, like foreclosure.
