April Snow brings.........??? Not sure what Mother Nature is putting us through, but the Market is holding tight. Lots of activity taking place out there.
Check out our numbers from the Real Estate Board posted for last week.
Newmarket Aurora East Gwillimbury
49 New Listings 46 New Listings 19 New Listings
69 Homes Sold 49 Homes Sold 18 Homes Sold
$769,937 Average Price $1,026,897 Average Price $841,403 Average Price
CHANGE TO MINIMUM DOWN PAYMENT RULES
Starting on February 15, CMHC will require a 10 per cent down payment on the portion of any mortgage it insures over $500,000. The five per cent rule remains the same for the portion up to $500,000.
Once the new rules are implemented, someone looking to buy a $700,000 home would need to have a minimum down payment of $45,000, which is what you get when you add five per cent of $500,000 and 10 per cent of the remaining $200,000.
If the time has come for You to "Find Your Dream Home", then I would love to help. New properties are listed every day. By filling out the form, I can have new Listings emailed to You as soon as they become available.
The Equity in your home is like any other investment - it needs to be monitored. Homeowners should have their Equity evaluated once a year.
Now might be the perfect time...
Toronto Real Estate Board President Mark McLean announced that there were 12,085 sales reported through TREB’s MLS® System in April 2016. This result, which represented a record for the month of April, was up by 7.4 per cent in comparison to April 2015.
Toronto Real Estate Board President Mark McLean announced that Toronto Real Estate Board Commercial Network Members reported 306,003 square feet of combined industrial, commercial/retail and office space leased through TREB’s MLS® System in April 2016.
Toronto Real Estate Board President Mark McLean announced 6,458 condominium apartment rental transactions reported through TREB’s MLS® System during the first quarter of 2016. This result represented a year-over-year increase of 6.5 per cent compared to the first quarter of 2015.
To make the best remodel or move decision, it is important to understand all the reasons that you have to remodel and all the reasons that you have to move. This article reviews common reasons to move. As you read each of these reasons, consider how much it applies to you