Public Choice Mortgage Brokerage

CANADIAN HOUSING HEALTH CHECK - Housing market risks ease in Canada
• Odds of a steep, nation-wide downturn are low
• Positive developments in many local markets
• Interest rates pose less of a risk
• Adjustment to housing policy actions is progressing
• Affordability remains a key issue in major markets

SOURCEhttp://www.rbc.com/economics/economic-reports/pdf/canadian-housing/healthcheck-jul19.pdf

The Canadian banks each raised their prime lending rates to 3.95 per cent from 3.70 per cent, effective Thursday. October 25th 2018

https://beta.ctvnews.ca/content/ctvnews/en/national/business/2018/10/24/1_4148097.html

Major banks raise prime rates after Bank of Canada interest rate decision The cost of loans linked to the big bank prime rates are headed higher in the wake of the Bank of Canada's decision to raise its key interest rate target by a quarter of a percentage point.

Very interesting recent Real Estate Case:
Buyer buys property on a FIRM aps and alleges:
1) changing market "frustrates" the contract;
2) buyer was under duress when they crossed out the financing clause in the APS - "pressured by seller"
3) Buyer defaults on purchase and buyers another property instead of closing the original purchase
4) Seller sues

Key Points:
1) Deposits: to be awarded in ADDITION to damages or should deposits be credited to damages? Credited
2)Duress claim rejected – buyer stated that they crossed out financing clause and went firm because of pressure from the Seller to go firm
3)Frustration due to “changing market” – rejected
4)Duty to mitigate – re-affirmed
5)Interpretation of language – re-affirmed

https://www.canlii.org/en/on/onsc/doc/2018/2018onsc6226/2018onsc6226.html?searchUrlHash=AAAAAQALcmVhbCBlc3RhdGUAAAAAAQ

CanLII - 2018 ONSC 6226 (CanLII)                                                                                                  COURT FILE NO.: CV-18-593451

Happy Birthday Nishanthi, Samantha & Ahad

Have you done everything you can to prepare your home?

How To Prepare Your House For Sale Prepping and staging a house. Every seller wants her home to sell fast and bring top dollar. Does that sound good to you? Well, it's not luck that makes that happen.

Housing starts haven't been this high in 10 years.

Housing starts hit highest level since 2007 The number of new homes that began construction in Canada last month hit their highest level since September 2007, the latest sign of a boom in the housing market that many fear is overheating.

First-time buyers should be aware of these missteps.

5 tips to avoid the common missteps of first-time home buyers Knowing the right questions to ask and steps to take is a way to help keep emotions in check.

Canada received 8,000 millionaire migrants in 2016: study While Canada is known for being a beacon for migrants looking for a better life around the world, it’s also becoming a destination for the wealthy. Overall, Canada welcomed more than 320,000 migrants into the country from July 1, 2015 to the same date the following year. Andrew Amoils, head of resea...

This could be another strong year for home sellers.

Toronto Real Estate Board expects another year of double-digit price increases A lack of homes for sale is expected to drive Toronto's sizzling housing market to another year of double-digit price increases, the city's real estate board said Tuesday.

Ready to buy your first home? These are some common missteps you should avoid.

5 tips to avoid the common missteps of first-time home buyers Buying a home, especially your first home, can be an emotional roller-coaster ride: one moment you’re filled with excitement when you find the home of your dreams, the next moment you’re filled with anxiety trying to decide how much to offer.

Ontario added nearly 19,000 jobs in November.

Ontario Adds 18,900 Jobs in November Provincial Economy One of the Fastest-Growing in Canada.

A great program that will allow you to expand your volunteer reach.

About Volunteering Works The Volunteering Works grant and mentoring program matches REALTORS® who would like to expand their community service outreach with mentors who are already successful volunteer leaders.

GTA home sales have jumped a whopping 16 percent.

Toronto's housing increase by over 20% The average selling price surged 22.7%–$776,684 as active listings fell to 35.8%.The total sales in the Greater Toronto Area has risen to 16.5%.

Elvis fans might appreciate this luxury home.

Elvis Slept Here! The King’s Former Beverly Hills House Is Listed for $30M If Elvis is your icon of choice, we have a house for you! You'll need $30 million and a desire to live like The King in the enclave of Beverly Hills, CA.

Check out this stunning estate home on a massive 0.5 acre cul-de-sac lot in prime Markham!

Completely redone over 5500 square foot finished grand luxury space. 3 car garage, 9 car driveway, walk-out basement, new windows, doors, roof, furnace, AC, hardwood, paneling, led pot lights, mouldings, custom gorgeous staircase and more. Beautiful kitchen with granite, backsplash, stainless steel appliances, grand foyer with skylight. Modern bathroom.

Click here for more photos and details!

10 Grants Place, Markham. Click for more photos and pricing 10 Grants Place, Markham L3S 2W1. Click for more photos and pricing

How mortgage lending is going digital.

Mortgage Lending Is Going Digital It won’t be too long before the entire mortgage lending process will be online.

This type design could be the future of home building.

Ryerson group makes prototype of eco-friendly home Jamie Fine, project leader and mechanical engineering masters student said the home, called SolarBLOCK, will greatly impact Toronto's real estate ...

Public Choice & Rathore Baig Law Secret Santa Lunch Party.

We are super excited to announce that Spine Health Care Clinic will be raffling a “Florida Gateway, Luxury Home 4 Night Accomodation”, at our Annual Gala and Christmas Party. Make sure to drop off your cards for your chance to win.

We are super excited to announce that Agent HubSpot will be raffling a “SoundLink Colour Bluetooth Speaker”, along with other prizes at our Annual Gala and Christmas Party. Make sure to drop off your cards for your chance to win.

We are super excited to announce our Partnership with Public Choice. As their Digital Marketing partner, we will be raffling a “BOSE Bluetooth Speaker”, along with other prizes at their Annual Xmas Party. Make sure to drop off your cards for your chance to win.

These easy DIY ideas will make your doorway more welcoming to friends and family:

Doormat DIY Ideas: Fast, Fun Fixes to Upgrade Your Entryway First impressions count right?