Time to lock in that mortgage rate?
Taking on a mortgage is a big commitment. Every buyer who uses a
mortgage has the choice of floating or going with a fixed rate that
often costs a couple of percentage points higher per year.
Today, for
example, one can get variable rates at an average rate of 2.34% while
five year closed rates average 5.27%, according to Fiscal Agents
Financial Services Group in Oakville, Ontario.
Negotiated rates can be
lower.
If rates never changed very much, there would be no contest - the
floating rate deal would win. But rates do rise and fall and therein
lies the borrower's dilemma.
Borrowers with kids and an aging car fear that their ability to
pay interest rates twice or thrice the current floating rates are
limited. "The test is liquidity and risk tolerance," says Derek Moran, a
registered financial planner who heads Smarter Financial Planning Ltd.
in Kelowna, B.C. "People with ample liquidity can afford to take a
chance on rising mortgage rates. It follows that those who lack
liquidity feel some pressure to avoid drastic interest rate increases."
For the full article, click here.
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Trinity Bellwoods Farmer's Market: Now Open!
The Trinity Bellwoods Farmer's Market is now open - and runs every Tuesday afternoon from 3-7, rain or shine.
You can find it in the northwest section of Trinity Bellwoods Park at Shaw/Dundas West.
It opened on May 11, and some of the locally grown items available were fiddleheads, salad greens, asparagus and wild leeks.
You can find the market on the web here, but they're also on twitter.
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7th Annual Liberty Afterwork Party: June 10th
The Liberty Village BIA is again planning to transform Fraser Avenue and the west
lawn of Lamport Stadium into a rockin' beer garden, to celebrate the
summer patio season, and this unique Liberty Village community. Meet
your talented Liberty Village neighbours, enjoy the food specialties
from many Liberty Village restaurants (priced at $5.or less), and quench
your thirst with Mill Street Beer and more. Cold Drinks, Hot Food,
Cool Music Mark the Date - Thursday June 10, 4pm!
Click here for more
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Market News
TORONTO, May 5, 2010 - Greater Toronto REALTORS® reported
10,898 sales through the Multiple Listing Service® (MLS®) in April,
representing a 34 per cent increase compared to April 2009. There were also
20,683 new listings in April - a 59 per cent annual increase. Both the sales
and new listings results amounted to new records for the month of April under
the current Toronto Real Estate Board (TREB) boundaries.
"The GTA resale market is functioning properly. Sales were high as buyers
continued to take advantage of affordable home ownership opportunities.
Listings grew as home owners reacted to strong sales and price growth," said
Toronto Real Estate Board President Tom Lebour.
"More balanced market conditions will result in sustainable rates of annual
price growth in the
second half of 2010."
Click here for the full article
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Sold! In Five Days!
24 Noble Street Unit 412
SOLD $14K OVER LIST PRICE. Noble Court, Intimate Authentic Hard Loft.
Amazing North-East Corner Boasts 7 Picture Window Banks, Unobstructed
City/Cn Tower Views, Real Hardwood Floors, Exposed Wood High
Ceilings/Posts/Beams, Exposed Mechanicals, Exposed Brick Throughout. 933
Sq.Ft. As Per Builder's Plans(Priced At Only $375/Sq.Ft.). Acclaimed
Chef's Own Kitchen Features Quartz Countertops And Stainless Steel
Appliances. Queen West Gallery District, Walk To The Drake &
Gladstone Hotel.
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Sold! 2 Bedroom Town in Leaside
6 Brian Peck Cres 202
Hyde Park In Leaside. Bright And Spacious 2 Bedroom, 2 Washrooms, 2nd
Floor Unit. East Facing And West Facing Balconies, Upgraded Engineered
Hardwood Flooring Throughout, Granite Countertop And Stainless Steel
Appliances In Kitchen, Pantry Combined With Laundry Room, 2 Parking
Spaces (Tandem), Extra Large Locker. Steps To Ttc And Park, Minutes To
Shopping At Leaside Power Center. Townhome Complex Nestled On The Hill
Above Sunnybrook Park And Ravine System.
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Sold! 2 Bedrooms, 3 baths!
5 Marine Parade Dr 1009
We found this one for our buyer.
Grenadier Landing.Stunning Corner Unit Floor To Ceiling Windows
With 4 Walkouts Totally Unobstructed View Of The Lake And The City
Skyline.1610 Sq Ft.Large Eat-In Kitchen With Granite And Stainlesssteel
Appliances.Nice Large Entrance. Fireplace In The Living/Dining Area. Both
Bedrooms Have Walk-in Closet Easy Access To The Gardiner And Ttc. Each
Bedroom Has Their Own Ensuite As Well As A 3rd One For Guests. Laundry
Room Is Large And Has Shelving For Extra Storage.
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The Rental Corner
410 Queens Quay W 702
We found this great unit for our client!
Downtown Water Front Condo, South Exposure Of Great Lake View. Luxury
Blds 'Aqua' 675 Sft W/Balcony. 24Hrs Concierge. Roof Top Lounge, Fitness
+ Rec, Sauna , Bbq, Etc. Ttc @Doorstep. Walking Distance To Amenities.
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Urbanlife 2.0
 Urbanlife Realty has joined the social media revolution!
You can now follow us on Facebook and Twitter, where we'll be posting up to date information on the housing market, mortgage rates and happenings in West Queen West, Liberty Village and King West!
Click here for our twitter feed
Click here for our Facebook fan page
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