Home Buyers

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Found 33 blog entries about Home Buyers.

This Month In Real Estate - March 2019

GTA REALTORS® Release March 2019 Stats

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 7,187 residential sales through TREB's MLS® System in March 2019. This result was inline with 7,188 sales reported in March 2018. For the first quarter of 2019, sales were down by one percent compared to Q1 2018.

"The OSFI stress test continues to impact homebuyers' ability to qualify for a mortgage. TREB is still arguing that the stress test provisions and mortgage lending guidelines generally, including allowable amortization periods for insured mortgages, should be reviewed. The supply of listings in the GTA also remains a problem. Bringing a greater diversity of ownership and rental housing online,

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Top Credit Mistakes to Avoid When Buying a Home

You’ve been renting for a while now and it feels like the timing is right to make the leap to homeownership. After all, your friends are all buying houses and your job feels pretty stable, how many more hints that it’s time to settle down could you really need?

Well, if you’ve given it considerable thought, are certain you can cover emergency costs like unexpected roof replacement or furnace repair and you have a realistic expectation of what you can afford, then full speed ahead. Buying a house is a trying experience, only made significantly worse by credit mistakes.

Top Credit Mistakes to Avoid When Buying a Home

Everybody makes mistakes, especially when it comes to their credit. The process by which your credit score is generated has long

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How much is too much to spend on rent? That amount is different for everyone, but the percentage of income that should be relegated to rent is pretty standard.

“Chances are if you are renting you are spending too much of your income on your monthly housing expense,” according to mortgage expert Kevin Pierce. “There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering other expenses.”

That rule, known as the 28/36 rule, also states that a household should spend “no more than 36% on total debt service, including housing and other debt such as car loans,” said Investopedia. “This rule is

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On the airplane seat next to us, returning to his new home after a short visit with family in California. On her way to meet her fiancé on the catamaran where he conducts daily sunset tours. Behind the counter in the organic t-shirt store just across from the beach. They were seemingly everywhere: people who had chucked it all and moved to Costa Rica.

The first gentleman fell in love with the country while on vacation. The second fell in love with a native. The last followed a friend who fell in love with, “Pura Vida,” the unofficial slogan of the Costa Rica that loosely translates to “the simple life.”

Having experienced Costa Rica for the first time last summer, it’s not hard to see why people would choose to stay here forever. But, it’s

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Real Estate Relocation Guide: 7 Steps to a Seamless Move

Whatever your reasons are for relocating to a new area, the process can feel overwhelming.

Whether you’re moving across town or across the country, you’ll be changing more than your address. Besides a new house, you may also be searching for new jobs, schools, doctors, restaurants, stores, service providers and more.

Of course, you’ll need to pack, make moving arrangements, and possibly sell your old home. With so much to do, you may be wondering: Where do I start?

In this guide, we outline seven steps to help you get prepared, get organized, and get settled in your new community. Our hope is to alleviate the hassle of relocating—so you can focus on the exciting adventure ahead!

1. Gather Information

If you’re unfamiliar with your new

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How The Boomers' Record Inheritance Will Impact Real Estate

About 10 years ago, a study suggested that "baby boomers" were about to inherit a trillion dollars. Many boomers have already received their inheritance and it's one reason why the country's real estate boom has lasted so long.

But a new report by Benjamin Tal at CIBC Economics, based on a survey by Angus Reid Forum, says that during the next decade there is still about $750 billion to be transferred to Canadians aged 50 to 75 in the largest intergenerational wealth transfer in Canadian history.

Tal says that guessing how much money will be inherited is tricky.

"Most estimates are based on forward-looking questions, asking potential beneficiaries what they expect to receive," he says.

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Image of Closet

When you clean out your closet (or your whole house), the "donate" pile can get pretty big. But there's no need to worry about lugging everything to a donation centre. Clothesline will send a truck right to your door to pick up your gently used clothing, electronics and small household items for free. The proceeds will go to the Canadian Diabetes Association (CDA) to support its research, education and advocacy programs.

Each year, Clothesline, a national Canadian program, raises more than $10 million and diverts more than 100 million pounds of clothing and household items from landfill sites across the nation, something else donors feel good about.

The CDA started the program in 1985 as an innovative way to raise funds while making a positive

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Spots of red in the trees and a slight chill in the air can only mean one thing. It's time to put away our flip flops and nestle into a new season: Autumn. Say what you will about the extremes of our climate here in Georgina, and all across Ontario, but there are many things about this looming season which we can all agree gives us warm and cozy vibes (and we're not just referring to the infamous return of the Pumpkin-Spice Latte). So let us help you set the mood for autumn in your home by stimulating all 5 senses:

Sight: Invite warm tones into your home decor by accenting your couch with a red pillow or taking out your Thanksgiving accessories a little early. That orange table cloth or classic cornucopia centre piece will create an instant surge of

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There are always specific features people constantly look for when deciding on purchasing a home. Sometimes, there are some features that are more desirable than others, so today we will be taking a look at the Top 10 most desirable features home buyers want in their prospective homes!

  1. 49-tim-jacobs-dr-georgina-on-print-010-14-49-tim-jacobs-drive-3000x2002-300dpiOpen Concept Floor Plan – Most home buyers today are looking for a seamless transition between rooms. Open concept floor plan might not be available in older model of homes, but can easily be created by removing a few walls.
  2. Eat in Kitchens – A lovely kitchen with a large island can serve a handful of roles, from food prep to your child’s homework area so you can keep an eye on them, to an eating area. The kitchen island is a very sought after feature in a home.
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Moving households is a major event in anyone’s life!  Excitement can be mixed with tension, test your patience, ruffle some feathers and can be a trying experience at best of times. Throw in a few kids, a dog and a cat and it’s enough to make a grown-up cry.  But here’s your saving grace – A Moving Plan!

I know, who has time, on top of everything else to sit down, put pen to paper, (finger to keyboard?) and lay out a plan? Well not to worry! While this isn’t a full moving checklist, (Ask us for that. We have one!) here are some great tips you can use that will help you get started, get organized and make your move as smooth as it can be.

As the Scouts always say – “Be Prepared!”   Start as early as you can. Hopefully, you’ve purged and packed up a

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