The federal government is extending the amortization period on insured mortgages to 30 years for first-time homebuyers. The addition of five years will help more young Canadians to afford a monthly mortgage payment. Currently, if a down payment is less…
Canada Mortgage and Housing Corporation is discontinuing the first-time homebuyer incentive. The deadline for new or resubmitted applications is March 21. Launched in 2019, the program was meant to help reduce monthly mortgage payments for first-time buyers by having the…
After years of unprecedented irregularity, Canadians may see the real estate market return closer to normal in 2024. According to Royal LePage’s newly released market forecast, Canadian home prices are predicted to see modest gains in the first two quarters…
This past fall, the federal government announced a Canadian Mortgage Charter, which the Liberal party says will help “vulnerable borrowers” and bring relief to those potentially impacted by the higher interest rate environment. But what does this mean exactly? First…
When you find a home you want to buy, it’s time to make an offer to the seller. Most offers include conditions, which are requirements or criteria that need to be met within a certain timeframe before the sale can…
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…
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 Greater Toronto Area (GTA) real estate market will start to turnaround this year, after experiencing a downward slide or market correction in 2022. This is according to reports by both the Canadian Real Estate Association and Royal LePage. Approximately…
It is more difficult for potential borrowers to get qualified for loans subject to the stress test, as shown by declining ratios of mortgage loan approvals to applications in the first half of 2022. This is just one finding in…
October marked the third straight month that prices held steady in the Greater Toronto Area (GTA), after values retreated following interest rate increases in spring and early summer. The average price of a home was just under $1.1 million, up…
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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