JUST SOLD! 5 FLEMINGTON CRT
Congratulations to our buyer clients who just bought this newly renovated home in Whitby!
Gorgeous 4-level backsplit! This home has just undergone a complete renovation from front to back in 2020! Located on a quiet court in sought after West Lynde. Huge 50 X 166 foot lot. 5 minutes from the 401, Go Train & shopping.
JUST SOLD! 124 BROOKLYN AVE
Congratulations to our buyer clients who just purchased this beautiful Victorian home on one of the best streets in Leslieville!
Tons of character with a sun drenched main floor featuring hardwood floors, high ceilings, crown moulding and a main floor family room. Two and a half storeys with three spacious bedrooms, a professionally landscaped garden and two car parking! Steps to Queen Street East and all the best that Lesieville has to offer!
CMHC to Increase Mortgage Insurance Premiums
Following the annual review of its insurance products and capital requirements, CMHC will increase its mortgage loan insurance premiums for homeowner and 1 – 4 unit rental properties effective May 1, 2014.
The increase applies to mortgage loan insurance premiums for owner occupied, self-employed and 1-to-4 unit rental properties, including low-ratio refinance premiums. This does not apply to mortgages currently insured by CMHC.
Ever wonder what might happen to your monthly mortgage payment if interest rates rise?
Interest rates have been so low for so long that we barely raise an eyebrow about the warnings of higher rates ahead. But long-term interest rates might tick upward this year as the U.S. Federal Reserve cuts back on its economic stimulus which has kept rates low.
For the past five years, the Fed has been buying U.S. Treasury bonds every month by creating the money. It writes a cheque to buy the bonds which has expanded consumer credit, making it cheaper to borrow money.
