Category: Uncategorized
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Toronto Autumn Market Pulse | MrHunter.ca
Immigration-driven demand lifts buyer activity across core Toronto neighbourhoods. New listings tick higher, slightly easing inventory tightness. Average price growth moderates across mid and upper tiers. Days-on-market shorten for entry-level properties citywide. Outlook: ↑1–2% expected through late 2025 under steady demand.
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How to Get Mortgage Approval: Meaning, Tips and Process
Buying a home in Canada involves several steps to secure mortgage approval: initial discussion, application and document preparation, pre-approval, lender underwriting, conditional commitment processing, pre-closing, and closing. Key factors for approval include maintaining a good credit score, stable income, saving for a down payment, reducing debt, and knowing your budget. Mortgage pre-approval is beneficial. Continue…
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Essential tips to cut your mortgage payments
Homeowners looking to reduce mortgage payments have several options. Refinancing can lower monthly payments by renegotiating mortgage terms, though fees may apply. Switching from a fixed to a variable rate mortgage could also save money during low interest periods. Lengthening the amortization period decreases monthly payments but increases total interest paid. Contesting property assessments may…
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Toronto Homebuyers Benefit from More Affordable Prices Now
Toronto's real estate market shows signs of recovery with September home sales rising 8.5% year-over-year, aided by a recent Bank of Canada interest rate cut. Average home prices dropped 4.7% to about $1.06 million, and sellers are accepting lower offers. Despite increased sales, unsold home supply remains high, with 19,260 new listings. Further rate cuts…
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Toronto’s Housing Starts Crash in 2025 | MrHunter.ca
Slide 1: Toronto’s housing starts plunged 47% in 2025, shocking Canada’s largest real estate market. Slide 2: Once the multi-family housing leader, Toronto now faces slowed construction and shifting momentum. Slide 3: High prices and trade uncertainties with the U.S. have dampened Ontario’s housing demand. Slide 4: Builders face mounting costs and regulations, slowing progress…
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What 2025 Toronto Property Lessons I Take Into 2026 | MrHunter.ca
Slide 1: Affordability relief (lower interest) triggered sales uptick before price rebound—be ready to act early in recovery. Slide 2: Sales‑to‑new‑listings ratio below 40 % means buyer’s market—more negotiating power in 2026. Slide 3: For 2026: go deep on micro‑markets, align with long‑term trends, avoid generic boom‑chasing. Slide 4: Location quality, transit access and neighbourhood fundamentals…
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Your Complete Guide to Mortgage Basis Points
Basis points (BPS) are a key measurement in mortgage interest rates, representing 1/100th of a percentage point (0.01%). They help clarify small rate changes, which can significantly impact mortgage payments. For instance, a 25 basis point increase on a $300,000 mortgage can raise monthly payments by $42.94. Basis points are crucial for understanding shifts in…
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Toronto Buyers Spark Fall Market Comeback | MrHunter.ca
Toronto leads GTA with rising bidding wars in fall 2025 housing market. Seventeen Toronto neighbourhoods saw multiple-offer situations as buyer competition returned. Lower-priced homes drove renewed demand amid Bank of Canada’s recent rate cut. East and west ends, including Danforth and Riverdale, saw strongest overbidding activity. High-end midtown areas continued underbidding, showing wealthier markets remain…
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What are the penalties for breaking a variable mortgage versus a fixed one?
Breaking a mortgage results in a prepayment penalty, which differs for fixed and variable mortgages. Variable-rate mortgage penalties are usually three months' interest, while fixed-rate penalties involve a more complex interest rate differential calculation. To reduce penalties, consider options like porting your mortgage, waiting until the term ends, maximizing prepayments, and comparing market rates. Always…
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First-Time Homebuyer Tips: Here’s What You Need to Know
First-time homebuyers should prepare by budgeting for mortgage, taxes, insurance, and maintenance. Getting pre-approved for a mortgage clarifies affordability. Research local markets and factor in closing costs. Consider home inspections to avoid surprises. Decide between buying resale or building new, weighing costs and energy efficiency. Plan for future needs, resale value, and ongoing maintenance. Take…