Housing Meeting with MP Salma Zahid

 

Last Friday Ram Rajendram and I got the opportunity to meet the Member of Parliament - Salma Zahid  as part of the TRREB -Toronto Regional Real Estate Board’s Government Relations Committee. We had a great conversation on the housing market and on TRREB’s and OREA’s (Ontario Real Estate Association) position on housing. It was a great opportunity to see and understand different point of views in regards to Real Estate. It is great when Real Estate Boards and Associations can share ideas and concepts for better housing with members of the parliament.  @salmazahidmp @thereal_trreb #trrebcommittee @oreainfo #CanadaHousing #MemberoftheCanadianParliament #ScarboroughCentre #OREA #TRREB #Realtors @suttongroup_heritage @suttongroup #GRCCommittee @crea-aci #ProudREALTORS #canadaianrealestate #scarborough #TorontoRealEstate #ProfessionalRealtor #PlacesToLive #HomesForEveryone #TorontoHousing #TorontoRealEstateMarket 

                               322 Killarney Crt. Oshawa

Available immediately for lease. It is a complete house. 3 bedrooms, eat in kitchen, 1 ½ bathrooms, garage and parking for 2 cars. Located close to schools, shopping, community centre and transportation. Asking $1600 + Utilities.

Mortgage Rates might Drop

There seems to be pressure on mortgage rates moving downward. At our office meeting this morning we received information that we might see mortgage rates drop this year instead of going up as first predicted.

Oshawa Real Estate Still Booming

Multiple offers and over asking sales, look  like will be the norm in Oshawa. There seems to be a huge pent up demand, waiting for what ever comes on the market. This will only get stronger as we get closer to the Spring Real Estate market. Most markets are very active but the Oshawa Market seems to be standing out. 

Jim Flaherty is changing mortgage insurance once again

It looks like the government is looking on ways to hold back the market, and it will be putting up the cost of high ratio insurance in the new year.
Full report from The National Post

Mortgage: Self Employed or Empolyee

Thinking of buying a house in the near future, and you have an option of either working self-employed or employee. Go for the employee option, self-employed (sub-contractor) is getting much more difficult to qualify for a mortgage with.

Free Downpayment from Peel Region

Peel Region is offer a free downpayment program for a limited time. Run this won't last long.

For more information contact me at cvergara@sutton.com or go directly to the link to Peel Region Program.