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November 27, 2019

Why are housing prices continuing to rise?

This is a very important question that the buyers are trying to answer for themselves. While 2017 was one of the worst years for Real Estate Investors on record, housing prices are continuing to recover. There are several reasons for it:

- First Time Home Buyers police enacted by government

- Easing of the lending c...

November 11, 2019

Special to RateSpy, By John Bordignon, Capital Markets Consultant

Earlier this year, while calling for innovation in the mortgage industry, Bank of Canada Governor Stephen Poloz discussed the need for mortgages longer than five years. Longer-term mortgages, he explained, would benefit both consumers and the Canadian financial system.

Based on volu...

November 7, 2019

More Canadians have started to turn to private lenders in search of mortgage financing. With mortgage regulations continually becoming stricter and tightening the lending gap, many would-be homeowners are being squeezed out of their dreams.

Private mortgages abide by a similar set of parameters as the ones commonly imposed by many banks. However, these par...

November 4, 2019

The growing demand for real estate in Canada is being driven largely by newcomers, who are making one out of every five home purchases in the country, according to a new survey.

New immigrants to Canada (defined as those who have arrived within the last 10 years) represent 21% of homebuyers and are expected to purchase more than 680,000 homes over the next...

October 28, 2019

Mortgage lending conditions continued to ease in the third quarter of 2019, while non-mortgage lending conditions tightened, according to the latest senior loan officer survey conducted by the Bank of Canada.

Household lending


Household lending conditions have been easing overall since the first quarter of 2018. Easing in mortgage lending conditions in th...

October 25, 2019

Interest-Only Makes a Comeback

Innovative mortgage products. Remember those?

With Ottawa’s onslaught of rule tightening, it’s been a while since we’ve seen a new product that was substantially unique. This is one of them.

Merix Financial, the broker channel’s seventh-largest lender by market share, is launching the Interest-Only Flex mortgage on Monday.

The I...

October 23, 2019

Where: Financial District, Toronto, ON, Canada

How Much: TBA/contact Us.

Deposit Structure (international buyers)

$5000 with offer
Balance to 5% in 30 days
10% in 90 days
10% in 180 days
5% in 365 days
5% On occupancy

Parking: TBA

Maintenance: TBA

Taxes: TBA

Move in: Fall 2022 (approximately)

INTRO:

This exclusive development will occupy a prime location only 4 mi...

October 21, 2019

Developer: Zancor Homes

Address: 2444 Old Bronte Road, Oakville

​Nearest Intersection: Old Bronte Rd & Dundas St W

Pricing: Starting From The High $400's

Occupancy: October 2022

Storeys / Suites: 8 Storeys / 334 Suites

Suite Types: One Bedroom - Two Bedroom Suites

Suite Sizes: 543 sq ft - 891 sq ft

Maintenance Fees: ​Approx. $0.53 / sq ft (Hydro & Water Metered S...

October 17, 2019

Where: 123 Portland Street, Toronto ON.

How Much: Starting from $640K CAD up to $3 Million CAD.

Deposit Structure (international buyers):

5% when signing,10% in 180 days, 10% in 270 days, 10% in 1 year.

Parking: $85,000 for suites 900sqft and larger, locker by waitlist

Maintenance: 0.89$/sqft montly

Taxes: 0.8% of purchase price, annually.

Move in: Fall 2020

INTR...

October 16, 2019

Up for sale is a 4 bedroom 3 bathroom single family detached home in Pickering, located at 1759 Shadybrook Dr, Pickering, ON. The home is featuring a 32x100 lot and a signle car attached garage! 

The list price for this property will be $ 740 000. Call us for viewing appointment or a mortgage arrangement! 416-830-1510

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2020 Rudy Lochan

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