With 20% of mortgages up for renewal in the next year, many borrowers are facing higher interest rates for the first time and potentially sky-high payments. If you're among this group of homeowners, here’s what you should know to navigate…
Condominium common expenses, most commonly referred to as maintenance fees, are payments unit owners must make every month to cover a variety of services (and sometimes utilities) provided by the condo corporation, including snow plowing, garbage collection and the upkeep…
Making a mortgage payment is often more desirable than paying rent. Homeownership helps you build equity and offers financial (and personal) stability. But the thought of carrying a mortgage for decades can be daunting. Whether at the beginning of your…
The federal government is now offering a tax credit to those who wish to add a secondary suite to their homes for the purposes of allowing an immediate or extended family member to live with them. The multi-generational home renovation tax credit took…
The Bank of Canada raised its key interest rate again on Sept. 7, this time by three-quarters of a percentage point. For homeowners with a variable rate mortgage that fluctuates according to the key interest rate issued by the country's…
The City of Toronto has enhanced its Home Energy Loan Program (HELP), offering zero-interest loans and incentives to help homeowners make their properties more energy-efficient. For a limited time, Toronto homeowners can access interest-free loans of up to $125,000 for terms…
Improving your home’s energy efficiency doesn’t have to involve expensive upgrades. With just a few tweaks, you can save both energy and money. 1. Unplug countertop appliances when not in use. The same goes for phone and tablet chargers, as…
Sometimes when you buy a new home and sell your existing one the closing dates don’t line up. When this happens, how do you pay for your new abode if you don’t yet have the money from the sale of…
Many homeowners are financially unprepared for an emergency home repair and have little to no money set aside to cover such an occurrence. This is according to a new survey by Leger Opinion on behalf of Service Line Warranties of Canada.…
The federal government has introduced tighter mortgage qualification rules in an effort to cool Canada’s hot housing market. The new minimum qualifying rate of 5.25%, known as the ‘stress test,’ came into effect June 1. (Prior to this, the benchmark rate…
Clare Tattersall
Sales Representative
Direct: 647.625.3282
Office: 416.762.8255
Email: clare@realtorontowest.com
Royal LePage Real Estate Services Ltd., Brokerage
2320 Bloor St. W., Toronto, ON M6S 1P2
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