Mon - Fri : 9:00 AM to 6:00 PM

529 Wilson Avenue Toronto, ON M3H 1V1

Posted in News

Exterior Staging Tips for Home Sellers

Posted by Sherwood Mortgage Group on 18 October 2018
Exterior Staging Tips for Home Sellers
You shouldn't judge a book by its cover, but that conventional wisdom doesn't apply to selling your home. Making the exterior of your home appealing is as important as interior staging, if not more so. After all, how else will you entice passersby into your open house? From window cleaning to new home siding, visit blog.rismedia.com to learn about the best ways to stage the exterior of your home. ...
Posted in:News  

How to Make a Small Bathroom Pop

Posted by Sherwood Mortgage Group on 17 October 2018
How to Make a Small Bathroom Pop

A small bathroom can feel small and claustrophobic, but it doesn't have to. Making a small bathroom feel like a luxury space is as simple as making a few key design changes.

Just follow these easy tips from jthomesales.com.

Posted in:News  

Is Your Home Modern or Contemporary?

Posted by Sherwood Mortgage Group on 16 October 2018
Is Your Home Modern or Contemporary?

A good property description can make all the difference when it comes to the final sale price of your home.

For example, according to Realtor Magazine, describing a luxury home as "modern" or "contemporary" could be a difference of $275,000.

Learn more by visiting magazine.realtor.

Posted in:News  

The Risks Facing Canada's "Other" Housing Markets

Posted by Sherwood Mortgage Group on 15 October 2018
The Risks Facing Canada's "Other" Housing Markets
While much of the conversation in Canadian real estate centres around the twin poles of Toronto and Vancouver, the situation in other Canadian regions look very, very different. With demand already lagging in the Prairies and the Maritimes, Mortgage Broker News' Ephraim Vecina says new measures like the mortgage stress test, as well as rising interest rates, targeted towards the hottest markets could send these weaker markets into a full-blown crash. Read the full article on ww...
Posted in:News  

Canadian Mortgage Debt Rises over $1.5 Trillion in August

Posted by Sherwood Mortgage Group on 12 October 2018
Canadian Mortgage Debt Rises over $1.5 Trillion in August
Household debt in Canada is becoming a growing issue and has crossed a major threshold as of August. According to the Bank of Canada (via Better Dwelling's Daniel Wong), while the growth of mortgage credit is down, Canadians' collective mortgages eclipsed the $1.5 trillion mark in August. This was an increase of $4 billion from July, and over $53 billion over August of last year. To learn more about what this means for the Canadian housing market, visit betterdwelling.com. ...
Posted in:News  

Check Out the Newest Customizable Kitchen Appliances!

Posted by Sherwood Mortgage Group on 11 October 2018
Check Out the Newest Customizable Kitchen Appliances!
Looking for kitchen reno ideas? Fisher and Paykel's new line of integrated column refrigerators and freezers offer unlimited ways to customize your food storage, from modular cabinets, to variable temperature zones. Plus, they offer a seamless installation into your kitchen with only a 1/8th inch gap between the sides and your cabinets. House & Homes' kitchen experts break down all the neat features of these amazing new fridges and freezers in this video. Need extra fi...
Posted in:News  

Giving Your Child a Mortgage Vs. A Down Payment

Posted by Sherwood Mortgage Group on 10 October 2018
Giving Your Child a Mortgage Vs. A Down Payment
It's a challenge many those preparing for retirement face: "Should I help my kids buy a house?" For many millennials, their parents' financial situation has a greater impact on their home ownership dreams than their own. However, Whittier Trust's Timothy K. McCarthy has a novel solution for families in this situation. Instead of giving your children tens of thousands of dollars, loan them money to buy a house at a generous interest rate, essentially gifting them a m...
Posted in:News  

Investing vs. Mortgage Payments: Which Comes First?

Posted by Sherwood Mortgage Group on 9 October 2018
Investing vs. Mortgage Payments: Which Comes First?
Balancing mortgage payments alongside growing your investment portfolio is a difficult task.

According to The Globe and Mail's Benjamin Felix, the trick is to think about asset allocation and how mortgage interest reduces your overall returns from bonds.

To learn more, read the full article on theglobeandmail.com.
Posted in:News  

Will the USMCA Trade Deal Help or Hinder Homebuyers?

Posted by Sherwood Mortgage Group on 8 October 2018
Will the USMCA Trade Deal Help or Hinder Homebuyers?
With NAFTA re-negotiations concluded next week, the re-vamped United-States-Mexico-Canada Agreement has lifted a grave shroud over the Canadian economy. However, according to The Globe and Mail's Rob Carrick, active home buyers have nothing to be thankful about. He says that the low-interest rate environment some have enjoyed since 2008 will swiftly be transformed by rising rates, and that young buyers should lock into a decent mortgage rate sooner rather than later. To lea...
Posted in:News  

The Hidden Benefits of the Mortgage Stress Test

Posted by Sherwood Mortgage Group on 5 October 2018
The Hidden Benefits of the Mortgage Stress Test
Thinking about refinancing your mortgage? Before you contact registered mortgage professionals, bear in mind that new federal mortgage rules mandate a mandatory mortgage stress test. That means that before you can refinance your mortgage, you have to prove that you'll be able to manage monthly payments even if interest rates rise. This test rate is the higher of either the Bank of Canada's five-year benchmark, or your current rate increased by two per cent. However, Global&...
Posted in:News  

®TM Trademarks of AM Royalties Limited Partnership used under license by LoyaltyOne, Co. and Sherwood Mortgage Group.