June is Homeownership month!
If you’re renting from your parents, your noisy landlord lives above you, or you’re tired of helping other people pay off their mortgage, it might be time to explore the benefits of owning your own home.
We can help by providing you with expert advice on every step of the home-buying process, from early-stage goal-setting and financial planning, to house hunting and financing, right up to closing day, moving in and feathering your nest.
Reach out to us to receive a FREE HOMEOWNERSHIP GUIDE!
5-Year Fixed Mortgage Rates
May 22 2020
5-year fixed mortgages are the most common type of mortgage in Canada:
• Mortgage rate is fixed over a 5-year term
• 66% of Canadians have 5-year mortgage terms
• 74% of Canadians have fixed mortgage rates
• 5-year mortgage rates are driven by 5-year government bond yields
• Mortgage rate is fixed over 5-year term
Mortgages have different features to meet different needs. Make sure you understand the options and features lenders offer you when you shop for a mortgage. This will help you choose a mortgage that best suits your needs.
If you don’t have a lender, reach out to me for the most highly recommend Mortgage Advisors.
COVID-19 ~ It is NOT Business as Usual.
We are just changing how we will be doing business to make sure we protect YOU, and ourselves. We may not have all the answers, but we have the skills and support to adapt as needed, everyday things are changing and we have to be innovative in the way we are going to be doing business going forward.
We are focusing on our community, public safety, social responsibility and overall obligation to follow all the safety recommendations from the W.H.O. and other governing
organizations, while still providing the best service possible to our clients.
What you can expect from us is to be available to answer any questions you may have.
We are in this together.
Historic win for Realtors®️ and the consumer
With the passing of TRESSA in the Legislature, today marks Historic win for Realtors®️ and the consumer.
For years, Ontario REALTORS® have advocated for higher professional standards, stronger consumer protections and better enforcement of the rules governing real estate practices.
I am grateful to the Ontario Government for delivering on its promise to update the Real Estate and Business Brokers Act, 2002, through the introduction of the Trust in Real Estate Services Bill. This Bill will modernize the rules governing real estate practices and ensure that the REALTOR® at your side has the highest professional standards, training and modern tools in North America.
For example, the Act would:
- Enable regulatory changes that would give consumers more choice in the purchase and sale process and improve the information they receive about what a real estate professional and brokerage must do for them.
- Improve professionalism among real estate professionals and brokerages by allowing for regulatory changes to enhance ethical requirements.
- Update the Real Estate Council of Ontario (RECO)'s regulatory powers, by allowing it to levy financial penalties (also known as administrative penalties) to encourage compliance with the Act.
- Create a stronger business environment by laying the foundation for allowing real estate professionals to incorporate and be paid through the corporation while maintaining measures that protect consumers.
- Bring legislation up-to-date and reduce regulatory burden
Modern Day approach to SELLING your property
On several of my listings, couples have walked in and known the property inside out, without ever stepping foot in the door. They had fallen in love with the property from their phone screen. That’s because I effectively identify who the property profile buyer would be and then set out to write content and market to that specific buyer.
Effective marketing for the buyer and the seller means using Video, 3D Virtual Tours, Professional Photography, just to name a few. Recently, this 3D Video captured a Buyer's attention so much that, the Seller ACCEPTED A GREAT OFFER, IN LESS THAN 24 HOURS.
As Realtors we are hired to effectively market our listings. Is your Realtor using modern-day selling techniques?
Click on the link below to view the 3D Virtual tour:
Real Estate is my business not my hobby.
My hobby is golf- I am an avid fan and player. Real Estate is my business - I work hard to serve my client's needs with no expectations in return. After all, building lasting relationships with my clients is the greatest reward!
2019 was such a great year - I helped my clients find the rural property they’ve always wanted, buy larger homes for their new babies, sell their large homes for Condos, buy their 1st homes, find their dream homes and so many more great stories!
These stories are the measure of success! Thank you to all my clients/friends for allowing me to be part of your dreams!
ARE YOU THINKING OF PURCHASING IN 2020?
Download your guide here! HOMEBUYERS' ROAD MAP
Have you been asking yourself lately, is downsizing for me?
The kids have moved out and visit once a year. It’s just you and your partner living in a 4 bedroom, 3,000 square-foot home, but why? Do you enjoy spending your days dusting and cleaning rooms no one ever uses or wasting your weekends doing yard work? Maybe you enjoy spending all your money on home repairs and maintenance instead of going on vacation?
Downsizing can certainly involve some lifestyle adjustments but what downsizing can be is a very powerful way of simplifying life so that you have more time (and money) to do the things you truly enjoy. A smaller home equals less financial burden and less upkeep, so you can spend your time and money elsewhere, like on that designer handbag you’ve had your eye on, or a Caribbean Cruise you’ve always dreamed of taking.
Whatever your situation, downsizing is probably something you’ve been considering for some time now, and if you’re still not confident enough to make the decision to move, perhaps asking yourself these simple questions will help:
Where do I really want to live?
If you have children and grandchildren who don’t live close by, you may find yourself wishing you lived closer to them so you can see them more often. Or, if you’ve always lived in the suburbs, you may want to live somewhere that’s quiet, with less traffic.
If changing your home for factors like these make you think your life will be happier, easier and more enjoyable, chances are that downsizing is a good option for you.
Do I still need this much space?
Many people have the mentality that “bigger is better”, so sometimes we need to take a step back and really look at our needs in a home. Are you starting to find it hard to keep up with the cleaning or yard work?
If so, downsizing to a home with two bedrooms and two bathrooms instead of four of each, and a smaller yard will make daily maintenance easier on you. Plus, less work at home means you’ll free up some of your time to do the things you want to but never had time for!
Will downsizing improve my financial situation?
After retirement, most people begin living on a relatively fixed income. You’ll also have more time to do things and go places than you did when you were working. This is where the topic of cash flow will come into play.
Crunch some numbers to figure out your current monthly cost of living versus what it might be in a smaller home. Downsizing to a smaller home will most likely mean that your energy costs will go down, as well as monthly mortgage or rent payments and property taxes. But, don’t forget to factor in the cost of the move and things you’ll need after the move.
How Long Will Your House Last?
A house may survive for hundreds of years. But the individual components that make up the house may — or may not — be as resilient.
The age of a house should be an important consideration for homebuyers because an older home typically will require more maintenance and replacement of worn-out components. Some of the most popular home repairs become necessary during those middle years when a house is no longer brand-new.
See the graphic for a guide to the life expectancy of the pieces and systems in your home.
Life expectancies are only averages and the actual life span of an individual house’s component will depend greatly on the quality of installation, level of maintenance, weather and climate conditions and intensity of use.
The expected remaining useful life of house components and appliances should be a consideration for home buyers, though it’s not always easy for them to get that information since sellers may profess ignorance or misremember how long ago they made various purchases. Receipts and user manuals can be helpful resources if the seller has kept good records. Another way to find out when an appliance was manufactured is to look for a nameplate or model and serial numbers on the appliance itself.
So next time you are viewing a property for sale, keep this information in mind while you observe all the individual components of the home as it may save you some money down the road.
A Few Things to Consider Before you purchase a Home:
The Type of Mortgage
A common mortgage lasts for 25 years, but that isn’t the only option you have. Depending on your budget, you may choose among varying policies that differ by length, down payment, lending rate or government assistance. You’ll have to consider your budget and other long-term goals, before deciding.
A good credit score can be the difference between the home of your dreams and no home at all. Check your credit before you get too far into the process, and handle any errors or disputes on your account. You’ll also you don’t want any surprises, so avoid opening new accounts until you’re secure in your finances.
Besides the common concerns over crime and safety, you’ll want to know about the traffic, nearby amenities, Doctors and Health providers, Schools and helpful business to determine if the area’s a good fit. This can have an impact not only on price but on later home value.