Ken Kavanagh, Realtor

https://www.msn.com/en-ca/news/canada/freeland-allowing-more-30-year-mortgages-higher-values-for-insured-mortgages/ar-AA1qF6jv?ocid=hpmsn&cvid=5995af9404114af7a7059bb386f574e5&ei=11

Freeland allowing more 30-year mortgages, higher values for insured mortgages OTTAWA — Finance Minister Chrystia Freeland announced Monday that Canadians will be able to borrow for longer, while also increasing the maximum value for insured mortgages, potentially giving buyers more money in the housing market. Freeland announced that starting on Dec. 15, the cap for insured...

Changes to Canada's Mortgages are coming!

Freeland allowing more 30-year mortgages, higher values for insured mortgages OTTAWA — Finance Minister Chrystia Freeland announced Monday that Canadians will be able to borrow for longer, while also increasing the maximum value for insured mortgages, potentially giving buyers more money in the housing market. Freeland announced that starting on Dec. 15, the cap for insured...

Changes to mortgages in Canada are coming!

Freeland allowing more 30-year mortgages, higher values for insured mortgages OTTAWA — Finance Minister Chrystia Freeland announced Monday that Canadians will be able to borrow for longer, while also increasing the maximum value for insured mortgages, potentially giving buyers more money in the housing market. Freeland announced that starting on Dec. 15, the cap for insured...

Bank of Canada cuts interest rate to 4.5%.

Bank of Canada cuts key interest rate by quarter percentage point to 4.5% OTTAWA — The Bank of Canada cut its key interest rate for a second consecutive time on Wednesday, but warned the path back to two per cent inflation may be uneven and would ultimately determine the pace of future rate cuts.

Does this surprise you? Not me...Want to talk? Give me a call!

Business Matters: New condo sales in the Greater Toronto Area fall 71% below 10-year average New condo sales tumbled 71 per cent below the 10-year average in the first quarter of this year according to analysis by Urbanation. Anne Gaviola has more on what’s happening in Business Matters for Monday, April 22, 2024.

https://www.bnnbloomberg.ca/canada-to-allow-30-year-mortgages-for-first-time-homebuyers-1.2057993

Canada to Allow 30-Year Mortgages for First-Time Homebuyers - BNN Bloomberg Canada will relax the rules on mortgages to allow first-time buyers to take out 30-year loans when they purchase newly built homes.

Highly Indebted Borrowers will face Mortgage Caps.

Canada regulator to cap mortgages for highly indebted borrowers, newspaper says OTTAWA (Reuters) -Canada's banking regulator is limiting the number of highly leveraged loans in banks' residential mortgage portfolios, which have ballooned alongside house prices to make Canadian borrowers among the most indebted in the world, the Globe and Mail reported on Friday. The Office of t...

The Real Estate market is EXTREMELY active and has made a huge swing from just a few weeks ago. Now, we see Bully/Pre-Emptive Offers, Multiple Offers (bidding wars), Counter Offers over asking Price, Crazy open house events, overlapping viewing schedules, Up today - Gone tomorrow listings!

Without a good realtor, you will be lost in this market. I help lots of people find homes and navigate the myriad of paperwork and processes. Call me if you want to have a coffee and have a serious talk about real estate: 416-992-5158!

What is a Self-Represented Party? If you live in Ontario, watch this video to find out!

TRESA: Self-Represented Party This is "TRESA: Self-Represented Party" by TRREB Channel on Vimeo, the home for high quality videos and the people who love them.

Courtesy of Edge Analytics. Forecast of possible rate cuts this year. Happy New Year. John Lusink

In Ontario, today is Day 1 of a whole new set of rules for Realtors and Clients!

Ontario real estate law update with open bidding option enters into force TORONTO — New rules for Ontario real estate are coming into force that are meant to provide more clarity and choice for buyers and sellers, though they don't go as far as some had hoped. The rules, which took effect Friday, include the option for sellers to use an open bidding process, improvement...

Many Canadians are under major mortgage pressure....so you can either negotiate with your lender or call me and let's talk.

With millions of mortgages coming due, finance minister expects banks 'to work with' Canadians

Today, we pay tribute to veterans and soldiers for their courage, valour and sacrifice for our freedom. We encourage you to wear a poppy and pause for a moment of silence at 11 a.m. to honour those who have served and continue to serve Canada during times of war, conflict and peace.

Are you thinking about how to buy a Pre-Construction property? (Condo/Townhouse), work with me and you'll learn what a Worksheet is...and if you don't know, here's an explanation:

What is a "Worksheet"
A worksheet is a term that the industry uses for a “Suite Reservation Form” or “Unit Wish List”. Especially for projects with super high demand, developers will ask buyers to complete a Worksheet.

Worksheets are collected and time-stamped, so it is best to complete a worksheet early in order to increase your chances of getting the model you desire. The developers will then typically organize and allocate suites based on the requests on the Worksheets. Once you have been allocated a suite, you will be contacted by our Sales team with a time to meet at the builders’ sales office to sign the contract.

*** It is important to note that by submitting a “Worksheet” you are NOT binding yourself to purchase a suite. When our Sales team contacts you with an available suite, you still have the option to decide yes or no. Once you agree to buy a suite and sign the agreement to purchase, you also will have a 10 Day conditional (cooling-off) period to confirm or cancel your purchase.

This story (in the link) is an absolutely positively true story and it can happen to anyone. If you're wanting to sell your home, find a realtor that has your interests in mind, does everything in writing and gives you options. I'm that kind of guy.

https://www.cbc.ca/news/gopublic/cash-for-houses-go-public-1.7003796 #:~:text=Companies%20offering%20fast%20cash%20for,option%20was%20a%20costly%20mistake.

The Fall is usually time for things to slow down a bit....so here's what is happening in Metro.

Toronto real estate plunges into 'buyers market' as sales slow and listings surge Toronto home prices rose in September, but sluggish sales and a surge of new listings could be tilting the market back in favour of buyers. Monthly data released by the Toronto Regional Real Estate Board (TRREB) on Oct. 4 showed the average price was up roughly three per cent month-over-month to $1,...

Looking for an Awesome 2 Bed/1 Bath Co-Op Apartment in Rosedale-Moore Park? This charming, renovated unit has both East and south-facing windows and looks directly into Craigleigh Gardens! Call me to book your Showing!

149 South Dr 3, Toronto, ON M4W 1S2 | Dream House Photography View this amazing property, images, and listing information.

Sign the Petition Say NO to mandatory REALTOR benefits (ORWP) - (DO NOT DONATE HERE)

OUT NOW! Urges Governments to Accelerate Action on Housing Supply as Lack of Listings Lead to Tighter GTA Market Conditions in June 🏠.

Access TRREB’s Report for the latest market insights, and LEARN how home sales and the average selling price in the GTA remained above last year’s levels.

Find the full report HERE ➡️ 🔗 https://bit.ly/44yTpB9 ⬅️