How Will CMHC Announcement Affect Buyers & Sellers?

Toronto Real Estate CMHC NEWS

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You should be concerned or not?  Most Buyers have no reason to be after CMHC announcement.

CMHC will begin (if they already haven't) to tighten it's loan insurance approvals for perspective home buyers.

They are already nearing $550 Billion dollars of loans insured and who knows how fast they will reach their $600 Billion limit set by the Government and insured by Tax payers.

How will it affect you? Well, first time buyers, self-employed and those with less than 20% should be especially concerned if they were thinking of buying a home in the near future.

Banks should be taking some of the blame for even insuring loans where Buyers put down more than 20%.  This is an "accounting move" and banks "positioning" themselves to save their ass if anything happens in the market because the "tax payers" are liable to pay for it.

So if you were thinking of buying... you might have to come up with more soon 10% instead of 5% or be able to pay higher monthly premiums if amortization rules change to 25 years.

So make sure you pull your "credit scores", talk to your lender to see what you are approved for, have reasonable savings and you might want to consider buying now at these record low- interest rates.

These rules will impact SELLERS too and will tend to cool the market down and put downward pressure on pricing.  So Sell Today with my 30-60 Day Sold Guarantee!

Jas Jagpal, Broker
RE/MAX Dynasty Realty Inc

To Buy, Sell, Assign, Invest give Team Jagpal a call. 

 

Posted via email from Markham Homes for Sale : Markham Condos Real Estate : Investment Pre-Construction Condos

Condo Market Update at Scarborough Town Centre: Buy New with only 5%

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Now that the Christmas holidays are over and we're back to work mode I just want to let those First-Time Buyers or those who are looking to downsize that they are great opportunities in the Condo market... to buy a new condo and move in today... especially at Scarborough Town Centre with the "Henderson's Centro Condos", or  Tridel's Solaris Condos at Kennedy & 401.

If you are looking for early next year you can buy at Altitude by The Conservatory Group with as little as 5% until closing.  If you are really considering 2013...  Encore at Equinox by Monarch also allows you to buy with 5-10% until occupancy at which time you will have to come up with another 5%.

Then there are assignments at Ventus 1 and Ventus 2 by Tridel at Kennedy and 401 which will be ready in 2012 and 2013 respectively.

So if you are in the market to buy, First-Time buyer, Senior looking to down size, new immigrant, give me a call and book your consultation.  If none of these work for you I also have many other projects that he can show you.  It costs you nothing, just an hour of your investment at my office.

Email for your FREE Condo Buying Guide.

Condo Information Website  |    Pre-Construction / New Condo Projects   

Happy Home Hunting!
Jas Jagpal

FREE SELLER CONSULTATION & CMA - Click Here
Sign Up For Vip Savings with Jas.  BUY • SELL • INVEST • Assign • Lease in the GTA

RE/MAX Dynasty Realty Inc.  8 Shadlock St. Markham O: 905-471-0002 
Houses: www.TeamJagpal.com  Condos: TorontoCondoRealEstate.ca
 © 2011 Jas Jagpal, BROKER, BSc. York University

Posted via email from Markham Condos :: Markham Houses for Sale :: Markham Neighborhoods :: Markham Real Estate Blog

BUYERS - Dreaming of Buying your First House or Condo

BUYERS - Dreaming of Buying your First House!

Have you ever dreamed of owning your own Toronto condo or house?  Aren’t sure if you are ready and don’t know where to begin?  In 1998, my wife and I were in the exact same predicament.  It didn’t matter I was a university graduate and she was a financial advisor in a bank.  Going through the process of buying your first real estate property is always nerve wrecking and confusing. 

If you’re a First-Time Home Buyer, and serious about making your dream come true, then call me.  I will guide you, step-by-step and help you make your dream a reality.  I've been told my 1 hour consultation is worth a milliom dollars where I answer all your questions and set out a Buyer's plan with your honest input.

A few things I highly recommend anyone contemplating buying a house or condo is to:
1.  Have 3-6 months of emergency savings.  
2.  Have at least 5% down payment (outside of the emergency fund)  
3.  Get a mortgage pre-approval from the bank.  ( or I can refer you to many brokers I know).

 My goal is to help you turn your dream into reality.  I promise I will NEVER for a commission, knowingly put you into greater financial hardship!  That is why I offer this consultation and if you need help setting up a savings plan,  my wife (a financial planner) can help you.

To learn more about me visit my website at: www.JasJagpal.com

The Toronto Condo Real Estate
www.TheTorontoCondoRealEstate.com

Jas Jagpal, BSc. York University - Toronto RE/MAX Sales Representative
Cell: 647-272-6629  O: 950-471-0002   F: 905-471-7441

Sign Up For Vip Savings with Jas.  BUY • SELL • INVEST • Assign • Lease in the GTA.

Markham Boxgrove Homes, Morningside Heights Homes, Scarborough Town Centre Condos, Toronto Real Estate Houses: www.JasJagpal.com
Blog Posted on: www.1stoprealestate.ca : www.TheCondoReport.ca : www.LinkToMorningside.com : www.MarkhamBoxgrove.com
Do you own a Condo at Scarborough Town Centre and looking to sell? 
Consider getting Jas's Flat FEE MLS Listing and SAVE Money.
© Jas Jagpal, 2011

 

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Posted via email from Markham Boxgrove Real Estate Blog