Latest News & Blogs
Toronto vs. Montreal Real Estate
Posted by Sherwood Mortgage Group
on 9 November 2018
)
The two hottest real estate markets in Eastern Canada, the relationship between Toronto and Montreal has always seen a tale of two cities one hyper-urban and fast-paced, while the other is more laidback and European.
However, according to Shupilov Real Estate, both offer great choices for real-estate investors.
Learn more about the pros and cons of buying property in either city at news.shupilov.com.
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Posted in:News |
Using Candles for Unique Home Décor
Posted
on 8 November 2018
)
There's nothing more relaxing then getting home after a long day and lighting a few scented candles.
However, candles can also make for very unique home décor options, especially if you make them yourself!
Learn about the best ways to decorate your home with candles from homedit.com.
Posted in:News |
Toronto Condo Prices Rise 7.5 Percent
Posted by Sherwood Mortgage Group
on 7 November 2018
)
Toronto home sales have seen their first rise in three months, and condo sales are leading the charge with a 7.5% price jump over last year, according to the Toronto Real Estate Board's latest report.
GTA home sales experienced a slump due to new mortgage rules introduced in 2018, but low supply and high demand in the area are evening out the effects, which were intended to cool down the market.
To see more highlights from the report, visit thestar.com.
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Posted in:News |
How to Add Texture to Your Home
Posted
on 6 November 2018
)
You can make any living space look like a luxury home through smart use of textured surfaces.
According to Sotheby's International Realty Affiliates, integrating stone and mineral accoutrements like a ledgestone fireplace or a quartz countertop can add upscale character to a living room or kitchen.
Even slate or concrete flooring can add unique, hyper-modern ambiance. To learn more, visit inman.com.
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Posted in:News |
Private Mortgage Refinancing in Toronto Jumps 67% from 2016
Posted by Sherwood Mortgage Group
on 5 November 2018
)
20% of mortgage refinancing in the Toronto area in the second quarter of 2018 was provided by private mortgage lenders, according to Bloomberg News' Natalie Wong.
A 67% jump from the first quarter of 2016, this rise shows the impact of higher interest rates and lending standards on Canadians in their 30s-40s, who accounted for almost half of all private mortgage transactions.
To learn more, read the full article at business.financialpost.com.
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Posted in:News |
Putting Mortgage Rates into Perspective
Posted by Sherwood Mortgage Group
on 2 November 2018
)
While many are understandably concerned about Bank of Canada's recent interest rate increases, doomsayers and skittish home buyers should keep in mind that mortgage rates were once much, much worse.
In the '80s, Canadian home buyers had access to cheaper housing, however, they also had to face mortgage rates ranging from 15-18%.
If you're worried about mortgage rates of 3-5% on your home, watch this piece from the CBC archives to understand current rates within historic...
Posted in:News |