In a surprise move, the Bank of Canada cut interest rates by 25 basis points (a basis point is a hundredth of 1 per cent) down to 0.75%. This has sparked a renewed interest in buyers, particularly younger Canadians, as revealed in a recent Bank of
Scotiabank is currently offering a 5-year fixed rate mortgage at 2.97%. TD Bank is firing back with a 2.99% 5-year fixed rate, the difference is that it comes with a 120-day rate hold, whereas, Scotiabank's is only 60 days. It will be interesting to see whether this will continue to fan the flames to an already heated market.
As competition amongst landlords rise in markets oversupplied with rentals, here are some viable tips and factors to consider in maintaining good and long relationships with tenants:
1. Location - tenants prefer properties in areas close to convenient shopping, roads, public transportation, groceries, services, parks and schools.
uly 5, 2012-- Greater Toronto REALTORS® reported 9,422 home sales through the TorontoMLS system in June 2012. The number of transactions was down by 5.4 per cent in
Buying a new home is a big decision and there's a lot to learn. We are here to stand by you through every step of the process, to be on your side, and to make it smooth and easy!