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Homes sales are up in the Durham Region, Toronto Region, and Surrounding areas

Tuesday Jan 16th, 2018

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Did some research and saw recently that the homes sale are up 4.5% just recently in December which I saw through the Canadian Real Estate Association. Which means that there is a need for all types of homes.CREA: home sales up 4.5% in December  It was noticed that there was an increase in housing activity of over 55% in the local markets across Canada including the Durham and Toronto Regions.  It was aparant that the new home supply in the Durham and Toronto... [read more]

What could go wrong if YOU sell YOUR home by your self? Nothing; No Buyers then No Sale.

Saturday Jan 13th, 2018

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What is the worst thing that could happen if I try to sell my home myself?   ABSOLUTLY NOTHING!!!   No Buyers, No Sale!     If that thought makes you uncomfortable, you might want to consider some other questions:   Do you really know what your property is worth in today’s market?   Will you price it too high and discourage potential buyers or too low and lose part of your equity?   Can you show other houses as... [read more]

Why You Should Buy a Home in Brooklin (Whitby, Ontario)

Tuesday Jan 09th, 2018

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There are multiple reasons why to call the Village of Brooklin your home. From the old feel downtown core, to the park where a majority of community inspired events occur, to the surrounded protected green lands, and to the spirit of the Village feel. Residential growth is occurring but to remain a village plans have been put into place to ensure no future commercial growth as like in other sprawling communities. The Village of Brooklin is located within the Town of Whitby at the... [read more]

KNOW THE SECRETS TO HELP WITH YOUR REAL ESTATE FINANCING

Sunday Jan 07th, 2018

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You need to have a plan and the knowledge to find mortgage financial freedom sooner than later. ****IMAGINE: If you bumped your mortgage payment 10% every year from the start, you would be mortgage free in 13 years Wow – Here are more secrets your bank does not want you to know. DOUBLE UP ON YOUR MORTGAGE PAYMENT: Doing this once a year can cut 4 years off the mortgage. USE THE FREQUENCY OF PAYMENT INCREASE OPTION: Going from monthly to bi-weekly accelerated payments... [read more]

50,000 Potential Buyers Could Be Blocked With The New Stress Test January 2018

Wednesday Dec 06th, 2017

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The bank of canada has announced today that they are keeping the overnight lending rate the same. This seems to be good news based on the other issues such as the new mortgage stress test rules for those buyers looking to buy with 20% or more down payment coming into effect January 2018. Which there is to be an estimated 50,000 potential buyers out of the real estate market.  Looking at this recent article... [read more]

Real Estate Investing

Wednesday Nov 29th, 2017

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  Real Estate investing is a key to successful portfolio in long term and short term Networth. Depending on your needs and wants there are many key places to buy and hold or buy and sell with a great return on investment. This form of wealth creation, which is attached to a physical asset, is a stable form of investment with the right plan put into place. You are sure to come out a winner, but you need to take the first step and armed with the right... [read more]

Things to know about a typical real estate Transaction

Tuesday Nov 21st, 2017

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The JIM AMITOFSKI Real Estate GROUP:   In general when people think of real estate sales representatives they presume ALL REALTORS are in the same boat. They have the idea that ALL REALTORS are the same. There is indeed a lot of "Bad Apples" in the real estate profession. Just like in any profession YOU need to know who YOU are dealing with.  Then on the flip side - There are those real estate professionals who are trustworthy and hard working for... [read more]

Moving to Durham Region has Advantages

Friday Nov 10th, 2017

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Investing East of Toronto has it's Advantages:   Thinking of the next big place to move to and invest in...Durham region is it! From Pickering, Ajax, Whitby, Brooklin, Oshawa, Courtice, Bowmanville, Uxbridge, Port Perry and Newcastle...they are all growing and a place to keep your eye on. There has been untapped areas in Durham region that must not be overlooked.  Durham Region offers access to Canada’s largest market of more than five million... [read more]

How to price your home right.

Tuesday Nov 07th, 2017

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  As a professional in real estate, the most important advantage, besides marketing exposure, is the statistics on the market where a home is being put on the market for sale I research to get the best price for your home.   In addition to the neighbourhood statistics – added bits of information that is necessary for a successful sale is: Key Features of each competitive listing Prices and time on the market for each competitive listing The “Pros and Cons of... [read more]

Think twice before selling your home on your own!

Monday Nov 06th, 2017

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What is the worst thing that could happen if I try to sell my home myself? ABSOLUTLY NOTHING!!! No Buyers, No Sale!   If that thought makes you uncomfortable, you might want to consider some other questions:   Do you really know what your property is worth in today’s market? Will you price it too high and discourage potential buyers or too low and lose part of your equity? Can you show other houses as comparables? Do you have a reasonable expectation... [read more]

Be Fully Aware of the Risks of The Type of Mortgage You Chose.

Friday Nov 03rd, 2017

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KNOW YOUR MORTGAGE RISKS & RESPONSIBILITIES: Getting a mortgage is often the largest financial commitment Canadians make. Mortgages can come with many benefits. Mortgages will help you own your own home. And owning a home can be a good asset over time. But, since mortgages are financial products and large financial commitments, there will always be risks. This is true whether you work with a mortgage broker or deal with the lender directly. But, if you do use a mortgage... [read more]

5 C's of Credit; What lender's look at when deciding on your mortgage request

Monday Oct 30th, 2017

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I have got a lot of question on what the banks and other lending institutions consider under the bank act when making a decision on a mortgage application. A lot of factors are considered here but when a home buyer is looking to have the best chances of getting the home of their dreams the financing part is the next biggest thing besides the home and the location. This is why knowing the basics behind what lenders are looking for will help you better understand the process and what the bank... [read more]

Some Home Buying Trends to keep an eye on.

Thursday Oct 26th, 2017

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I have done some research on this topic on home buying trends and with the research available have come up with some nice information. There’s an entire home improvement industry that can help you figure out how to spruce up your house and how to prevent potential homeowner disasters. After taking into consideration many points and answers to a mass amount of questions I came across these fantastic bits of information Here are the top results for Ontario-- and advice for sellers to... [read more]

Bank of Canada has decided to keep the overnight lending rate the same.

Wednesday Oct 25th, 2017

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Bank of Canada has just announced that the overnight lending rate will remain the same. They have stated based on the outlook the council figures that the current stance of the monetary policy is just about right. The bank of canada points out they will be guided by a mass amount of incoming information to analyse the situation with the economy regarding interest rates and the overall economic capacity.    Click Below to read the full... [read more]

Get your home sold faster; I will market it as a Certified Resale Home.

Tuesday Oct 24th, 2017

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Sellers & Buyers are looking to deal with more then a real estate agent. They want a professional who takes the Selling & Buying Needs of clients to the next level!   This is one reason on value added service I provide for my sellers is that we do what they call a "Certified Resale Home" service. This is a simple cost effective way to ensure your home is in a stand out position among the other homes up for sale in your neighbourhood.   The... [read more]

More TIGHTER / TOUGHER Mortgage Rules on the WAY!!!

Monday Oct 23rd, 2017

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TALK ABOUT TAKING ADVANTAGE WHEN YOU ARE DOWN?!!??...   Very important read on what OFSI (Office of the Superintendent of Financial Institutions) is now going to put in place for people looking for a a conventional mortgage. This is for either purchases of 20% down payment or more or people looking to refinance their exisiting mortgage under 80% loan to value.    OFSI is trying explain the reasoning here because even those home buyers who don’t need mortgage... [read more]

Ever wonder about how to buy a home through Rent To Own options? Here is how it works.

Thursday Oct 19th, 2017

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With the recent issues in the mortgage field, I have been getting a lot of questions about the Rent To Own Program I offer to first time buyers and current renters. It is a good option if you are looking to get into your first property and get closer to home ownership then later.  How does Rent to Own work Here is a summary of events which occur during the Rent To Own Program: You work with me and my group as your realtor partner to find the house you want to own... [read more]

Get ready for major Stress Test coming soon!!!

Wednesday Oct 18th, 2017

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This is a much listen to video. I listened to and read up on the latest actions by OFSI for the addition of a set of major new mortgage rules. This is something you need to be aware of. With the new rules in place if you are Selling, Buying, and now Refinancing it will be tougher for you to get approved and you will have less choice to get the best mortgage for your needs.  These additional measures are going to make it very tough for you either Selling, Buying, and Now refinancing a... [read more]

Real Estate Status

Sunday Oct 15th, 2017

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I sit here researching and preparing for the up and comming week. I take a look at what has transpired since last year. In fact it makes you look into what the government here in Ontario has done for the Real Estate economy. Does it make sense what they have done. They have put their fist in the sector that should not have been handles in such a way. I can understand if they were worried about foreign investors and the impact they had in the real estate market. I also understand... [read more]

Reasons why the mortgage rates will not be hitting 5%

Sunday Oct 15th, 2017

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The worries of high borrowing rates are in the past. Canadian regulators may soon force borrowers to qualify at interest rates two percentage points above the contract rate. With many posted mortgage rates now approaching and even surpassing 3.00% (depending on the term), this means borrowers will soon need to show they can afford payments based on rates of 5.00%+. Interest rates can only rise if inflation accelerates, but every force in the world is pushing in the other direction.... [read more]

The Real Estate Market is going to be coming back STRONG, sooner then later!

Thursday Jul 27th, 2017

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It it seens that there is a recent downturn in Toronto's real estate market, brought on after Ontario introduced measures this spring including a foreign buyers' tax, is expected to be brief, the federal housing agency said Wednesday. There has been a recent decline on average prices in the Toronto are. Prices fell an average from about $900,000 in April to just under $800,000 last month, according to data from the Toronto Real Estate Board. The good news is that the price... [read more]

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