OWAIS GHANI's blog

While you might have felt perfectly capable of making mortgage payments when you bought your house, sometimes financial situations arise that affect your ability to make regular mortgage payments. This can have a huge negative impact on your credit score and can put your home in danger of being repossessed if you don’t take immediate action. Luckily there are options that can give you time to turn your finances around. Here’s what you should do if you can’t pay your mortgage.

What Happens If I Can’t Pay My Mortgage

Determine the Reason You Can’t Pay

In most cases, people do not...

HistoricStatistics

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TRREB MLS System Sales and Average Price

Marquis is a new condo community currently in pre-construction in Vaughan The community is scheduled for completion in 2025. Available units range in price from $625,990 to $1,086,990. Marquis has a total of 89 units. Sizes range from 514 to 878 square feet.

EXCLUSIVE INCENTIVE PROGRAM LIMITED TIME OFFER

• FOR YOU
• 1 FREE Parking ($70,000 Value)
• 1 FREE Locker ($7,500 Value)
• FREE Right to Lease During Interim Occupancy
• Additional legal fees may apply
• FREE Assignment Fee ($10,000 Value)
• Legal & Administration fees are additional
• Capped Development Charges at $10,000...

Over the past couple of months, the news of rising inflation is fueling concern across the country. Currently, inflation is at a 40-year high. This is impacting household budgets the most as families try to make ends meet with less buying power. For potential home buyers, rising interest rates may cause worry that you will not be able to afford the home you want.

While these are all valid concerns, for those who are still able to finance a home, homeownership is one of the best hedges against inflation and may be worth stretching your budget to do.

The biggest advantage of owning a...

5 Important Things to Consider Before Buying a Fixer-Upper Home

Purchasing a fixer-upper property can be an exciting and rewarding experience. HGTV is filled with programs of amateurs knocking down walls and tiling bathroom floors. The fact is that this is much harder than it looks and before diving headfirst into this kind of project, it’s critical to consider whether you are prepared for the venture.

5 Important Things to Consider Before Buying a Fixer-Upper Home

1. Financial Planning – The first step in buying a fixer-upper home is to establish a realistic budget. Include the...

Preparing for the home valuation is always an important step when selling your home. In a declining market, it becomes critical. When home prices are rising or steady, one can expect the comps (comparable properties) will justify the sales price you negotiated. When prices are falling, this becomes less sure. Since appraisers use the most recent closed sales in their comparisons, a new sale with a lower price can affect the value of your home.

While you can’t control the market, you can prepare for the appraisal and put yourself in the best position to get the desired results. Working...

Divorce can be difficult and emotional, and handling a mortgage after a divorce can add additional complexity. In Canada, several options are available for handling a mortgage after a divorce, and it’s essential to understand each choice’s financial and legal implications. Seeking professional help from a lawyer and financial advisor can be valuable in making informed decisions about handling a mortgage after a divorce.

Sell the Property

Selling the property is a common option for handling a mortgage after a divorce in Canada. It involves selling the property and dividing the...

A vendor take-back mortgage (VTB) is a financing arrangement where the seller of a property provides financing to the buyer instead of the buyer obtaining a traditional mortgage from a financial institution. As a seller, there can be several benefits to offering a vendor take-back mortgage. Here are some of the potential advantages:

1. Increased marketability: By offering seller financing, you can attract a larger pool of potential buyers. This is particularly useful in a slow real estate market or if the property is unique or difficult to finance through traditional means. Offering...

A New Landmark At The Heart Of Toronto Live at the epicentre of Toronto on Yonge Street, and travel to wherever you need with ease via mass transit. With a walk and transit score close to 100, unparalleled convenience lives at Concord Sky where nearby transit, shops, and schools make this location ideal for all kinds of residents. Source: Concord Sky

FEATURES

Building Type:Condo

Estimated Completion: 2026

At the southwest corner of Dundas Street East and Church Street in Downtown Toronto, CentreCourt is bringing a 52-storey residential tower right around the corner from Dundas Square. Centrally located, the building will be just steps from Ryerson University, the Toronto Eaton Centre, and Dundas Station, and within close proximity to the Financial District, making the location ideal for both students and working professionals alike.