Behzad Jahangiri

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Have questions about real estate but not sure where to start?

Ask Me Anything Have questions about real estate but not sure where to start?

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Home Evaluation Estimate How much is your home worth? Type your property address and get a quick home estimate.

Are longer mortgage terms the solution to Canada's payment shock challenges?
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Are longer mortgage terms the solution to Canada's payment shock challenges? Canadians are concerned about potential payment shocks at mortgage renewal due to shorter terms. Longer terms, similar to those in the U.S., could offer more stability but face challenges due to prepayment penalties. With 76% of Canadian mortgages up for renewal by 2026, there could be significant p...

New program helps Ontarians integrate past rental payments into their credit score
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New program helps Ontarians integrate past rental payments into their credit score Borrowell's new initiative in Ontario allows renters to include past rental payments in their credit scores, aiding in homeownership. The program aims to help Canadians build credit earlier in life, especially immigrants looking to apply for mortgages. Borrowell's CEO states the program recognizes r...

Mortgage delinquency rates in Ontario are soaring
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Mortgage delinquency rates in Ontario are soaring Missed mortgage payments in Ontario are at a record high, exceeding $1B for the first time in Q1 2024. Economist Rachel Battaglia notes the rise is due to increased home prices, leading to larger missed payments. Despite the high delinquency rates in Ontario, Battaglia believes there is no immediate...

Ontario homebuyers, homeowners react to the drop in interest rates
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Ontario homebuyers, homeowners react to the drop in interest rates The Bank of Canada has cut interest rates by 25 basis points to 4.75%, leading to mixed reactions in Toronto. While homeowners anticipate lower mortgage rates, there are concerns about potential property price increases. The rate cut is attributed to an improved inflation outlook. The move is expect...