Buying Leveraging Borrowing Costs with Dwelly: A Key Factor in GTA Home Sales In the bustling real estate market of the Greater Toronto Area (GTA), buying a home can be both thrilling and daunting. One of the most significant challenges for prospective homebuyers is navigating the borrowing costs associated with buying a home. This is where Dwelly can help...
Buying Buying Property with High Interest Rates: 3 Simple Reasons It Can Still Be a Smart Money Move During times of high mortgage rates, many buyers are hesitant to enter the housing market. However, these circumstances can actually present opportunities for buyers.
Mortgages What is a Mortgage Trigger Rate? some variable rate mortgages rates can increase to the point where the mortgage payment no longer covers the interest portion of the loan. This is when the Trigger Rate kicks in, the term we will be covering in today's article.
Toronto How Mortgage Rates are Affecting Toronto Real Estate With Mortgage rates increasing to a recent high in Toronto, it is important for a prospective buyer to understand how it is affecting the Downtown real estate market.
Mortgages What Is A Fixed vs. Variable Mortgage Rate? You’re probably reading this because you’re in the market to borrow hundreds of thousands of dollars and you want to know more. What most people already know is: fixed rates are… fixed, and variable rates are… variable? While that is true, it's also a sign that you should read on.
Home Buying Guide All Closing Costs to Consider When Buying a Home in Toronto You’ve set a goal, managed your spending and saved the down payment for your home in the GTA. How exciting! Now you’re all set to buy a home. But, wait! What are all these closing costs you keep hearing about and how much more should you be setting aside for your Toronto home purchase?
Buying The 2020 Toronto Real Estate Market in Review It's no question that 2020 will go down in books as a world-rattling, dynamic-shifting and just plainly unprecedented year. We have seen, and continue to see, the ripples of its effects throughout many industries, one of them being real estate.
Condos Top 5 Reasons Why Now Is the Right Time to Buy A Condo It’s not the right time for many things in today’s world but, if your situation permits, now is the right time to buy a condo in Toronto.
Mortgages New Mortgage Rules effective July 1, 2020 The COVID-19 pandemic has had a tremendous impact on many sectors of business across the Canadian economy, housing is not an exemption. The Canadian Housing and Mortgage Corporation (CHMC) has put forward new rules for mortgage default insurance applicants.
Buying The Property Step-Ladder Strategy for Millennials When it comes to housing affordability it's no surprise that Millennials tend to be left with the short-end of the stick but that doesn't always have to be the case. In this article, we describe one strategy, the property step-ladder.
Buying Mortgages rates during COVID-19 When buying, many people are quick to think of a good real estate deal as buying in at the best price. While that's undeniable, there is a huge economical factor that must also be considered – mortgages.
Buying COVID-19 & Toronto Real Estate During these unusual times many investors, home owners, and individuals are looking for any signs that may point to what the future holds for the Greater Toronto real estate market and the overall health of the Canadian economy.
Home Buying Guide Renting vs Buying a Home: What's Right for You? One of the harder questions to answer is whether you should buy or rent the place you call home. In this article, we go over the costs of home ownership and renting, while pointing out the advantages and disadvantages of both.
Real Estate Bank of Canada holds interest rate, drops growth forecast for 2019 The Bank of Canada has set aside discussion of interest rate hikes, at least until the economy re-emerges from what it predicts will only be a temporary slowdown.Policy makers in Ottawa kept
Buying Federal Budget 2019: New First-Time Home Buyer Incentive Introduced Buying your First Home in Canada? You may just get 5-10% of your downpayment paid for.
Home Buying Guide Understanding Mortgages: Variable vs Fixed Rates Explained When applying for a mortgage, you will have multiple rate types to choose from. The two most common types of mortgages are variables-rate mortgages and fixed-rate mortgages. The type you choose will vary based on your income and risk tolerence level.
