Priced from lower $600s
38' and 40' Lots in the perfect location
Or visit http://www.monarchgroup.net/673,20-new-homes-CA-L6C-0E2-ON-Markham-Nichols-Manor-at-Heritage--Markham-Community.aspx for more information
Sunday, July 25, 2010
Nichols Manor at Heritage -Markham (Woodbine & Elgin Mills)
Or visit http://www.monarchgroup.net/673,20-new-homes-CA-L6C-0E2-ON-Markham-Nichols-Manor-at-Heritage--Markham-Community.aspx for more information
Friday, July 16, 2010
World on Yonge Phase 2 (Yonge & Steeles)
World on Yonge is undoubtedly in a world of its own. With both mall-style and pedestrian friendly retail stores, an office tower, a boutique hotel and soaring condominium towers, it is uniquely poised on Yonge Street as Thornhill’s preeminent master-planned community.
Contact me for VIP prices and floor plans.
Tuesday, July 13, 2010
NEON by Pemberton (Yonge & Eglinton)
A new condo project - NEON which is located at Yonge and Eglinton.
VIEW: Right on south or east will be blocked. BUT west, north, south west shall have great views.
Contact me for more information.
Monday, July 12, 2010
Real Estate Topic: Understanding Your Mortgage Options
Real Estate Topic: Understanding Your Mortgage Options
To help people make an informed decision, Canada Mortgage and Housing Corp. (CMHC) offers the following answers to some of the most common questions Canadians have about choosing a mortgage:
What is the difference between conventional and high ratio mortgage?
A conventional mortgage is a mortgage loan up to a maximum of 80 percent of the lending value of the property. This means that the homebuyer has made a down payment of at least 20 percent of the purchase price or market value of the home. If your down payment is less than 20 percent of the purchase price, however, you will typically need a high ratio mortgage. A high ratio mortgage is a mortgage loan which is higher than 80 percent of the lending value of the property up to a maximum of 95 percent. High ratio mortgages normally have to be insured (by CMHC, for example) against payment default
To help people make an informed decision, Canada Mortgage and Housing Corp. (CMHC) offers the following answers to some of the most common questions Canadians have about choosing a mortgage:
What is the difference between conventional and high ratio mortgage?
A conventional mortgage is a mortgage loan up to a maximum of 80 percent of the lending value of the property. This means that the homebuyer has made a down payment of at least 20 percent of the purchase price or market value of the home. If your down payment is less than 20 percent of the purchase price, however, you will typically need a high ratio mortgage. A high ratio mortgage is a mortgage loan which is higher than 80 percent of the lending value of the property up to a maximum of 95 percent. High ratio mortgages normally have to be insured (by CMHC, for example) against payment default
Thursday, July 8, 2010
Real Estate Newsletter
Real Estate News:
July 6, 2010 -- Greater Toronto REALTORS® reported 8,442 sales through the Multiple Listing Service® (MLS®) in June. This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009. Sales for the second quarter of 2010 amounted to 28,810 – up one per cent annually. Year-to-date sales through June were up 23 per cent to 50,455 compared to the first six months of 2009.
"We experienced a record number of existing home sales during the first half of 2010, but these sales were weighted more towards the beginning of the year," said Toronto Real Estate Board President Bill Johnston. "The pace of home sales has moderated from record levels over the past two months with the prospect of higher mortgage rates."
The average price for June transactions was $435,034 – up eight per cent compared to the average of $403,972 recorded for June 2009.
"With more homes to choose from in the second quarter, many home buyers have been making less-aggressive offers. This has resulted in less upward pressure on the average selling price," said Jason Mercer, TREB's Senior Manager of Market Analysis. "The annual rate of average price growth in the second half of 2010 will be in the single digits."
Median Price
In June, the median price was $367,750, from the $345,000 recorded during June of 2009.
July 6, 2010 -- Greater Toronto REALTORS® reported 8,442 sales through the Multiple Listing Service® (MLS®) in June. This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009. Sales for the second quarter of 2010 amounted to 28,810 – up one per cent annually. Year-to-date sales through June were up 23 per cent to 50,455 compared to the first six months of 2009.
"We experienced a record number of existing home sales during the first half of 2010, but these sales were weighted more towards the beginning of the year," said Toronto Real Estate Board President Bill Johnston. "The pace of home sales has moderated from record levels over the past two months with the prospect of higher mortgage rates."
The average price for June transactions was $435,034 – up eight per cent compared to the average of $403,972 recorded for June 2009.
"With more homes to choose from in the second quarter, many home buyers have been making less-aggressive offers. This has resulted in less upward pressure on the average selling price," said Jason Mercer, TREB's Senior Manager of Market Analysis. "The annual rate of average price growth in the second half of 2010 will be in the single digits."
Median Price
In June, the median price was $367,750, from the $345,000 recorded during June of 2009.
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