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Central Toronto Real Estate - Max Seal Blog

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Archives for October 2018

Interest Rate goes up adding to homebuyers’ challenges, more first-time buyers will not qualify

October 25, 2018 by Central Toronto Real Estate Blog

Interest Rate goes up adding to homebuyers’ challenges, more first-time buyers will not qualify

  The interest rate up and third Bank of Canada rate hike this year could shut more first-time buyers out of the Toronto region’s housing market. It will increase hundreds of dollars to some homeowners’ challenge mortgage payments. More first-time buyers may not qualify for mortgage.   The central bank has raised its key lending […]

Filed Under: Toronto Buyer Posts, Toronto Mortgage Posts, Toronto Personal Finance Posts, Toronto Real Estate Posts, Toronto Seller Posts Tagged With: 5-year bank rate, bank of canada, buyer, first-time buyers, first-time home buyer in toronto, fixed rate, higher interest rates, home buying, homeowner, housing mortgage, interest, mortgage, mortgage financing, mortgage lender, mortgage qualifying, mortgage rate, mortgage stress test, quality, rising interest rate, stress test, toronto buyer, toronto home buyer, toronto housing interest rates, toronto mortgage, variable rate

Defective Kitec pipes can cause big repair cost for Toronto home and condo owners

October 21, 2018 by Central Toronto Real Estate Blog

Defective Kitec pipes can cause big repair cost for Toronto home and condo owners

Kitec pipes were used across the city a decade ago, but they quickly corrode and can cause flooding   Kitec plumbing — a plastic pipe with an aluminium lining — was introduced to the market in 1995.   Back in 1995, Kitec was considered an innovation and used in condominiums, homes and commercial buildings in Toronto and […]

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75 Haddington Ave, Bedford Park, Toronto had multiple bidders, Sold for $2,000,000 in October, 2018

October 19, 2018 by Central Toronto Real Estate Blog

  75 Haddington Ave., Toronto Selling price: $2-million Previous selling prices: $1,289,000 (2013); $910,000 (2009) Realty Taxes: $8,849 (2017) Days on the market: 7   The home has a joined open eat-in kitchen and family room and finished maple hardwood floors.   On a residential street just east of Avenue Road, there were two properties listed in […]

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