Vaughan's Tallest Condominium Tower Launches Tomorrow!  Another project brought to you by the Cortel Group.  Be sure to contact us, for floor plans pricing and incentives. we are here to help!   [read more]

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In this post I will explain how the new rules layed out by the finance minister will affect you. 1. The "Stress Test" This rule will only affect you if you are putting less than a 20% down payment on your purchase. This type of loan is known as a high-ratio mortgage. Previously this rule was already applied on variable rate high-ratio mortgages, but will now affect all high-ratio mortgages, both fixed term and variable. The term "stress test" means that... [read more]

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Consumer Deposit Insurance All brokers and salespersons are required to be insured. The insurance program administered by RECO includes consumer deposit insurance – paid for by brokers and salespersons. In the event of fraud, misappropriation of funds or insolvency there is coverage available to consumers of up to $100,000 per claim to a maximum of $1,000,000 per occurrence. If the deposit is being held by your lawyer, you should contact the Law Society of Upper Canada to determine... [read more]

We recently attended a V.I.P Broker launch with over 800 agents, givng us first access to all levels of these gorgeous condominiums before they reach the public. Contact us to get more information and early access to this condominuim that will surely sell quickly! Yonge and Eglinton is up and coming as the new place to live in Toronto, so don't miss out! [read more]

Plan for the Costs of Operating a Home Besides your mortgage, property taxes and insurance, operating a home has many other ongoing costs. Maintenance and repair costs are at the top of the list. There may be other costs as well, for example a security alarm monitoring system, snow removal, or gardening. If you have a condominium or strata, some of these expenses may be included as part of your monthly maintenance fee. Save for Emergencies Even when you can do repairs yourself, there... [read more]