The Case for Variable

It’s been a great ride! Canadian homeowners have been benefiting from ultra-low interest rates over the last two years. Unfortunately the time has come: the rate climate is starting to heat up. As the Prime lending rate starts to gradually increase toward more normal lending rates of 5% to 6%, do variable-rate mortgages still make sense? Of course the answer…

The August 2010 Market Watch

Will them media please relax? We have been. On a positive note, the slow down in activity has allowed a lot of us to actually enjoy the summer. We’ve commented on the bubble debate recently and until we see the fourth quarter of 2010 play out, I don’t think it’s worth revisiting. Summer numbers as always slower so I’m not…

Mortgages

From the desk of Peter Majthenyi and Andre Semeniuk… Since the collapse of the U.S. housing market a few years ago, the concern of a “Housing Bubble” here has regularly made front-page news. Let’s start by keeping in mind that for most homeowners their home is to be enjoyed and lived in for years to come, and is not merely…

Mortgages

On Tuesday July 20th the Bank of Canada reluctantly increased their interest rate by .25%, while fixed mortgage rates actually dropped! The “Global Economy” is very fragile so do not expect any further rate increases anytime soon, it will likely take until at least 2012 to see any significant international recovery or increased inflation. You can learn more at BNN.ca…

Box on a Box

Check out this great reno project being completed by our friends Michelle & Todd. This is a unique reno in that they are using a pre-fab building technique. They have a live camera so you can check out the progress at any time. Just go to www.211bain.com to see what’s happening! Here is an intro from their site about the…

A little bit of tumbleweeds…

If ever there was a good month for a real estate agent to take time off it was July 2010. The number of transactions were down 34% from 2009 and new listings were at their lowest levels in eight years.   Any good news?  The average home price still rose 6% over the same time over 2009 which tells us that…

Drum roll please

We are very proud to introduce our new website www.insidetorontorealestate.com. If you’re reading this, you’re already here!   Check out our Buyer and Seller pages or find out what your home is worth today. We look forward to your feedback! Cheers, Mark

Nothing like the first time…

Check out this fantastic article by Amy Fontinelle… 10 worst first-time homebuyer mistakes by Amy Fontinelle – Investopedia These errors could wind up costing you more than the coveted key to your first home. Are you gearing up to buy your first place? Shopping for a home is exciting, exhausting and a little bit scary. In the end, your aim…

Go WEST my friends!

We finally have a west-ender on our team, Martin Stothard. While talking about our impending home build he let us in on a great trend happening in the Junction (think Dundas and Keele). Great stores offering items from architectural salvage and vintage finds have been popping up all over that neighbourhood. If you are restoring a home or simply want…

The Ultimate List

We uncovered this great resource guide on Canadian House and Home’s website. The ultimate list of online decorating destinations, sites and blogs — in alphabetical order — as chosen by House & Home editors. 247reno Follow a real-life home renovation, from the powder room to the porch to the basement. ABCD Design Amy Beth Cupp Dragoo blogs from New York…