Blog

May 2020 Gta Real Estate Review: the Good, the Bad, the Ugly

Toronto is proving once again to be an incredibly resilient real estate market. As if we needed more proof!? In spite of the Covid-19 lockdown GTA posted some surprisingly positive real estate numbers in May 2020. While the volume of sales and listings are down ~50% compared to last year, prices are showing gains ...

Reverse Mortgages in Canada Are Taking off in a Big Way

Reverse mortgages are taking off again in Canada. This growth is due in part to a combination of an aging baby boomer population, rising real estate values, and the rising cost of living. Mortgage lenders are taking note. Many new products are coming to the market, creating competition that is good for consumers. All ...

Cmhc to Increase Minimum Down Payment to 10%

Canada Housing & Mortgage Corporation’s (CMHC) top boss made some comments this week that has raised speculation that big changes are headed our way. Among many ominous predictions, the CEO suggested that CMHC should eliminate it’s 5% down payment program. This would lead to changing the minimum down payment to 10%. Here’s what was ...

Should You Defer Your Mortgage Payment?

Mortgage payment deferrals are an essential lifeline available to Canadians during a difficult time. Early April reports by the Canadian Banking Association indicate that more than 600,000 Canadians have requested mortgage payment deferrals. The average Canadian mortgage payment is $1,326/mth. This puts an estimated $778 million per month into the hands of Canadians who ...

April 2020 Update on Mortgages and Gta Real Estate Market

Wondering what’s going on in the GTA with mortgages and real estate this month? Sit down with top-producing GTA realtor Lawrence Mak & I as we discuss some key observations about the current state of affairs. We are both living the realities of working during the outbreak. We wanted to bring you along on ...

A Friendly Chat About Private Mortgage Financing

Everything you wanted to know about private mortgage financing. Join Chuck Charlton Milton Ontario realtor & I as we dive into an honest conversation about the world of private mortgage financing. Whether you are a borrower looking for the best private mortgage advice or you are a potential investor interested to learn more about ...

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