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Toronto Condo Prices Rise 7.5 Percent

Posted by Sherwood Mortgage Group on 7 November 2018
Toronto Condo Prices Rise 7.5 Percent
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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How to Add Texture to Your Home

Posted on 6 November 2018
How to Add Texture to Your Home
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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Private Mortgage Refinancing in Toronto Jumps 67% from 2016

Posted by Sherwood Mortgage Group on 5 November 2018
Private Mortgage Refinancing in Toronto Jumps 67% from 2016
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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Putting Mortgage Rates into Perspective

Posted by Sherwood Mortgage Group on 2 November 2018
Putting Mortgage Rates into Perspective
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...
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Choosing the Right Contractor

Posted by Sherwood Mortgage Group on 1 November 2018
Choosing the Right Contractor
Everyone has a home reno horror story, usually starring a lazy, greedy, and/or just plain incompetent contractor. That's why it's important to work with professional contractors, with industry accreditations like RenoMark. RenoMark verifies that a given contractor is a member of a home builders' association and even provides a two-year warranty on their work. Learn more about why you should work with RenoMark contractors from Maria Perketa of Probuilt Design + Build at B...
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