Your Home In The GTA

Make sure you know your rights as a tenant, and landlords make sure you know what you are legally allowed to do! This is why the Landlord and Tenant Board is key when you are uncertain. Here are the guidelines for rent increase for 2020: http://www.sjto.gov.on.ca//2020%20Rent%20Increase%20Guidel

Market Data for December 2019 from the Mississauga Board

https://business.financialpost.com//toronto-proposes-23-4-

Here’s some brief information to help with common questions about . How much downpayment do you need? This will depend on if you are employed or self-employed. The minimum needed for homes under $500,000 is 5%. If the down payment is less than 20% then you will have to purchase mortgage loan insurance, this protects the lender in case you are unable to make a payment. Benefits of a bigger down payment means lower interest rates, lower monthly payments but can take ...a while to save up. 20% down payment on $400,000 is $80,000. Smaller down payment means buying a home sooner, 5% on $400,000 is $20,000. First-Time Home Buyer Incentive is a shared equity mortgage. The government offers you financing without interest to help reduce your monthly mortgage payments without increasing your down payment. They can offer 5% of the purchase price of an exciting home and up to 10% on new construction. If you would like to talk about your options or get more information, reach out to us now! See more