Tag Archives: Home Purchase

According to a recent report from the Bank of Montreal, the average age of a first-time home buyer in Canada is 29.  Of these young home buyers, the majority expect to make a down-payment of approximately $48,000 (roughly one-sixth of a $300,000 home).   These statistics vary by region, province, and city – these are only the national figures.  For provincial …

I had done a video about how much HST is applicable to resale home purchases in August of 2010 and came about a new video posted by Toronto Real Estate this week. I thought it would be a great video to share with you. Please let me know if you have any question. Having trouble viewing video? Click here

As part of our educational process of helping buyers learn about the home purchase process, I always spend time with them going over the MLS sheets that we send out to them on regular basis about properties for sale.  I thought it would be a great idea to make a small video about the process and post it here for …

I recently got questioned by one of my buyer who thought that they have to pay HST on all home purchases. I thought it would be a great idea to talk about HST and how it’s impacting the real estate market. All standard residential purchases don’t require HST payment. HST is applicable to real estate when the property being purchased …

I was recently in an offer negotiation where the buyer who was looking to secure a mortgage on their new purchase wasn’t able to do so within the time period specified in their purchase and sale agreement.  The buyer agent contacted me promptly to let me know that they won’t be able to secure the funds within the time period …

Following is a case study done by Addy Saeed of www.HeyAddy.com and www.TorontonianOnline.com. Youtube Link The purpose of the study was to showcase what good staging can do for the sale of a property. Part 1: The above is an interview with sellers about their property before they have consulted with the stagger, Robin De Groot (www.robindegroot.ca). Photography was done …

I recently met up with Aamir Jamil who is the broker of record for Mortgage Alliance and picked his brain to answer questions that I get from our views. Youtube Link Information reviewed was: Mortgage Approval Criteria Used TDS and TDS Income calculations CMHC Criteria Recent changes from CMHC If you have any specific question about mortgages or would like …

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TORONTO, MARCH 17, 2010 – Greater Toronto REALTORS® reported 4,353 sales through the Multiple Listing Service® (MLS®) during the first two weeks of March.  This represented a 70 per cent increase compared to the 2,562 sales recorded during the same period in 2009 when resale transactions had dipped markedly due to the recession. The mid-month sales total was also 16 …