Amazing Open Houses To Check Out This Weekend!
Looking To Buy Or Sell A Property In Toronto/GTA?
Call Sutton Realty – We Help Landlords Too!
Sutton Group Realty Systems Inc., Brokerage
416-896-3333 / 905-896-3333
Have you ever wondered what the difference is between white paints?
10 expert home designers have shared their favourite shades – See below!
Swiss Coffee by Benjamin Moore
Chantilly Lace by Benjamin Moore
Pure White by Sherwin-Williams
Super White by Benjamin Moore
Imagine .01 by Colorhouse
Decorator’s White by Benjamin Moore
Pointing by Farrow & Ball
White Wisp by Benjamin Moore
Cool December by Dunn-Edwards
Simply White by Benjamin Moore
Looking To Buy Or Sell A Home? Need Help With Interior Design And Staging Ideas? Call Sutton Realty Today!
Sutton Group Realty Systems Inc., Brokerage
416-896-3333 / 905-896-3333
www.SuttonRealty.com
Are You A First Time Home Buyer? We Can Help!
Call Sutton Realty Today To See If You Qualify For The First Time Home Buyer Incentive!
Sutton Group Realty Systems Inc., Brokerage
416-896-3333
www.SuttonRealty.com
TC4 Condos In Vaughan
0 Minutes To Subway
Prices From The $300’s!
Welcome To Transit City – a brand new multi residential development in the heart of Vaughan Metropolitan Centre!
It has never been easier to commute from home, whether you drive or take the TTC!
Register Today For Floor Plans, Pricing and priority access!
Sutton Group Realty Systems
416-896-3333
www.CondominiumToronto.com
With trends constantly changing these days, it’s hard to tell which new features and design improvements will actually benefit in the quick sale of your property.
Realtor.com has offered a few key features that have helped home owners sell their home the fastest and for the best price!
Open kitchen designs have exploded onto the real estate market, becoming a centerpiece for each home. Luxury is important to buyers, especially when it comes to hosting friends and dinner parties. Dark palettes like black & navy have taken precedent over the more traditional white and neutral shades. Open shelving, double doors, lots of windows, quartz counters, stainless steel appliances – these are all adding to the popularity and success of home-selling!
Whether it be a home office, theatre, gym or mudroom – buyers are asking “why go out when you can stay in?”. While not as popular as they were in the beginning, design experts are saying that homes which come equipped with any type of specialty room usually go for about twice as much as the national median!
Solar panels have become a really hot commodity thanks to the demand from climate-conscious buyers and those who are looking to cut down their electricity bills. Built-in pools (whether shared or private) have always been consistently popular, but while they attract some buyers in warmer parts of the globe, some buyers may repel due to maintenance and liability issues. Bottom line for pools is to install it for your own enjoyment first, resale value second.
Anything from interconnected appliances or internet-controlled thermostats to fully-wired homes. This can be an expensive addition, but the trend is booming thanks to Amazon Echo and Google Home. These electronic home features are so easy and convenient to use – there is almost no reason these additions will go out of style. With this technology, homeowners can now pick up a simple smart home security system for pricing as low as $150, vs. having a technician come in and install a system which could run a bill over $1000! People really like having an app on a phone to know if someone’s at home or not.
No matter where you go – fireplaces are always welcome and will never go out of style, however there are definitely more modern approaches to the classic fire place, such as being built into the wall. Another key indoor feature is the walk-in closet; not as popular as they once were due to the de-cluttering movement.Whether you are looking to sell your home at an amazing price or are looking to purchase a home which includes any of the above upgrades, please give us a call!
We have agents waiting by the phones to answer your questions and help you with all of your buying and selling needs – each step of the way!
Sutton Group Realty Systems Inc., Brokerage
416-896-3333 or 905-896-3333
Stunning Eat-In Kitchen With High End Appliances
Incredible Views From Floor to Ceiling Windows
Master Features Sitting Area and Fireplace!
You’re On Top Of The World! Watch The Sun Set Over The GTA
Royal Bank has stated that a widespread real estate downturn is unlikely and that the probability is “still low but has increased somewhat in recent months”. Mortgage stress tests and rising rates are making it harder for buyers to get a foot in the door.
Toronto, Vancouver & Alberta are currently at risk due to the high interest rates put on the high-priced areas, and affordability is a major at a crisis level. “Regulatory changes made the market healthier – it is now balanced, well supported by economic and demographic fundamentals, and while condo building activity is elevated we see few signs of overbuilding,” says RBC.
Montreal remains one of Canada’s stronger markets at the present time, says RBC. Elevated levels of apartment construction in Montreal, Vancouver, and Toronto is a potential long-term concern, however unsold inventories are low.
For more on this article, visit: https://ca.sports.yahoo.com/news/severe-housing-downturn-canada-unlikely-rbc-190257940.html
Canada is considering subjecting private lenders to the same mortgage stress test rules faced by banks to prevent housing markets from being destabilized by the lenders’ rapid growth, three sources with direct knowledge of the matter said.
Private lenders currently account for approximately one-tenth of Canada’s $1.5 trillion mortgage market, and are still dwarfed by banks but their growth has accelerated since the new rules have been introduced. The B-20 rules that were introduced last January require banks to test the borrower’s ability to make repayments at 200 basist points above their contracted rate, and have resulted in more applications for loans being rejected.
As of now, private lenders are not subject to the B-20 rules because they are supervised by provincial regulations rather than the Office of the Superintendent of Financial Institutions, the federal regulator. Bringing them under federal supervision would require a change in the law.
Two options were discussed, either the federal government would have to ask provinces to apply the B-20 guidelines themselves, private lenders would then also need to provide stress tests the same as the banks’, or the less severe alternative – to recommend provinces ensure private lenders run tighter checks on the ability of their borrowers to repay loans but stop short of imposing the actual stress test. A final decision has yet to be made.
Mortgage investment companies (MICs), have been the main driver of private lenders’ growth, picking up borrowers spurned by the banks. Lending up to 90 per cent of a property’s value, they typically charge borrowers an annual rate above 10 percent, sometimes as high as 15-20 compared with the 3-5 percent offered by banks.
For more on this article visit: https://business.financialpost.com/real-estate/mortgages/exclusive-canada-mulls-measures-to-curb-private-lenders-growth
After years of booming times, Canada’s housing markets are at a turning point. Interest rates are rising, and the new mortgage rules have taken some steam out of the market.
Below are 10 charts illustrating just how out of whack things have become.
Canadians have never had to shell out more of their income to own a home:
Condo construction is at an all-time high:
Young families are not wanting to live in said condos:
You need to be a one-percenter to own an “average” Vancouver home:
Vancouver homes are comically overpriced:
Vancouver’s new distinction: Worst housing market:
There aren’t enough new residents to prop up Vancouver’s market:
Toronto has as much as it can handle:
Mortgage growth is at historic lows:
Investment condos are now often losing money:
