Fixed vs Variable

December 16th, 2013

With a healthy spread again between fixed and variable many more are looking again
at the variable as a great option for their mortgage.
Variable mortgages offer great flexibility for clients that want to take advantage of
today’s low rates and pay down their mortgage faster.
Take a look at the two scenarios below – one Fixed and the other Variable (with
variable assuming a .25 increase in prime annually). Although we can’t predict what
will happen with prime, we’ve seen it at a record low for a record amount of time, all
indicators seem to be it will be around for a little while longer.
In the end, the two scenarios look very similar with about a $1500 difference in your
final mortgage balance in favour of the variable.
Is your client savvy with a goal to pay down faster and have flexibility in their budget?
Food for Thought:
· What would the numbers below look like if on the variable mortgage you paid it
at the 5 year fixed rate payment?
· What would those numbers look like if you utilized your 20/20 privileges?
· Lump sum payment can be made any time throughout the year along with any
payment in minimum increments of $100
· What if Prime doesn’t change for the first few years? Your saving will be that
much greater!

Getting the Advantage Over Other Homebuyers

January 18th, 2013

Its January, the real estate market is supposed be slow, BUT it’s not! Well-priced properties are selling and selling fast.

If you’re in the market for a house this spring, my recommendation is to move up your timeframe and purchase now, before more buyers enter the market and increase the competition for available homes.

Here are a few other steps you should take to give yourself an advantage over other homebuyers.

1. Not all real estate agents are created equal.

Some sell 3 houses a year, some 30. Some are part-timers, holding down other jobs. Interview several agents until you find the one that you like, trust and who is experienced, committed and available to help you find the home right for you. If you are planning to buy in 2013, start looking for an agent now. You do not want to get the wrong agent because you walked in to an open house and got excited.

2. Not all real estate companies are created equal.

There is a great difference between a Mercedes and a Kia. Real estate companies differ in many ways, offering different services that benefit buyers and sellers. Unlike cars, real estate companies generally charge similar fees. The company your agent works with makes a difference!

3. Get pre-approved for your mortgage.

If you do not have a banker, this is the first step your agent will help you with, recommending several lenders you can deal with. They will help you calculate your available down payment (taking into account closing costs), your maximum loan amount and what monthly payments you would be comfortable with. This gives you three great advantages. One, you will know what price range to look in. Two, it shows sellers you are serious and ready to buy when you make your offer. Three, if in competition against other buyers, sellers will tend to accept the “firm” offer over those that need time to find financing.

4. Be Ready!

Good properties sell quickly. Your agent will be looking for homes suitable for you constantly throughout the day and every day! When the right house comes up, you must be ready to see it and be ready to put in an offer right away if it’s the right house. This is why you need a full time agent committed to you!

5. Shop for a home not decorating.

Do not be put off by paint or wallpaper or broadloom or even old bathroom fixtures. The truly important factors, schools, shopping, location, lot size and basic floor- plan are things that you won’t be able to change. Don’t let a poor paint job deter you from buying the right home for you and your family

6. Trust your agent.

If you trust your agent, listen to their recommendations about how much to offer on a home, what extras to ask for and how quickly to act. If you do not trust your agent… get another agent!

Good luck with your house hunting!

Alex Pilarski
Broker of Record
Re/Max Realtron Realty Inc. 


Source:  Toronto Real Estate Encyclopedia

A Midtown Modernist Sensibility Coming To Yonge & Eglinton

June 3rd, 2012

Tridel now introduces 101 Erskine, strategically located mere steps from the energy of midtown at Yonge and Eglinton. 101 Erskine’s modernist sensibilities are echoed in its clean linear exterior with a contrasting tonal profile and refined interiors. Sophisticated studio, 1 bedroom, 1 bedroom plus den, 2 bedroom and 2 bedroom plus den suites with 9′ ceilings suites and 10 signature townhomes feature distinctive contemporary styling and finishes one would naturally expect from this coveted address. 

101 Erskine smartly tailored 32 storey glass condo residence with a contrasting tonal profile Views is strategically tucked away, mere steps from the energy of midtown Yonge and Eglinton in Toronto. Yet this venerable neighbourhood Walkscore is also just moments from the subway, prestigious shops and superb dining. 101 Erskine’s modernist sensibilities are echoed in its clean linear exterior design and refined interiors.: charcoal grey, white and clear glass, copper clad front entry, stunning lobby, rooftop terrace with infinity pool and outdoor fireplace lounge, sublime entertainment spaces with private courtyard, alfresco dining lounge, sleek fitness amenities, even a linear park walkway creating a link between Broadway and Erskine. Elegant Studio, 1 bedroom, 1 bedroom plus den, 2 bedroom and 2 bedroom plus den suites with 9′ ceilings and 10 signature townhomes feature distinctively modern styling and finishes one would naturally expect from this coveted address. 101 Erskine. Anything but ordinary.

Now 101 Erskine. Celebrating the richness of life.

101 Erskine Condo

Home Prices Show Strongest Gain in 6 Years: NAR

May 30th, 2012

Existing-home sales rose to 4.62 million (seasonally adjusted annualized rate) in April from a downwardly revised March rate of 4.47 million, the National Association of Realtors (NAR) reported Tuesday. Economists had forecast the April sales pace would be 4.66 million.

The median price of an existing home climbed 10.1 percent to $177,400 from $161,100 in April 2011, the strongest year-to-year gain since January 2006. The median price in April reached its highest level since July 2010 when it was $182,100.

The inventory of homes for sale in April rose to 2.54 million, the highest level since last November, bringing the months’ supply of homes on the market to 6.6.

The 10.0 percent yearly gain in the sales rate was the strongest since October when sales were up 14.0 percent year-over-year.

Distressed homes – foreclosures and short sales sold at deep discounts – accounted for 28 percent of April sales (17 percent were foreclosures and 11 percent were short sales), down from 29 percent in March and 37 percent in April 2011, the NAR said. Foreclosures sold for an average discount of 21 percent below market value in April (compared with an average discount of 19 percent in March), while short sales were discounted 14 percent in April compared with 16 percent in March.

The months’ supply of existing homes for sale remains well below the July 2010 cyclical peak of 12.4 which had been the highest level since 1982. Inventories as tracked by the NAR are 20.3 percent below their year ago level. However, anecdotal evidence suggests there is still a large “shadow” inventory of homes available for sale, especially bank-owned properties.

Regionally, existing-home sales rose in April in every region of the country led by a 5.1 percent month-to-month increase in the Northeast where sales were up19.2 percent over April 2011. Sales rose 4.4 percent over March in the West (a 7.3 percent year-year gain), 3.5 percent in the South (6.5 percent year-year) and 1.0 percent in the Midwest (14.4 percent year over year).

The median price of an existing home rose month-to-month and year-to-year in all four regions. At $256,600, the median price of an existing home reached its highest level since August 2010. The median price of an existing home in the South rose to $153,400, the highest level since July 2010 and the median price of an existing home in the West rose to $221,700, also the highest since July 2010.

The year-to-year price gain in the West, 15.9 percent, was the strongest since November 2005. The year-to-year price increase in the Northeast was the first since last June.

Home prices could soon be “topping out”: CREA

March 28th, 2012

National home prices continued to rise in February, but the Canadian Real Estate Association (CREA) said Friday that evidence pointed to a market that was “topping out.”

That wording differs from a Re/Max report also this week that predicted a “heated” spring market nationally, with demand continuing to push sales and prices upwards, as bidding wars are still present in various cities.The CREA’s MLS Home Price Index (HPI) was up 5.1% in February compared to a year earlier. The increase was the smallest since last June, and was the fourth straight month that price gains had slowed.

“MLS HPI trends for February show that home price growth is generally slowing,” said Gary Morse, CREA President. “At the same time, price gains and trends differ among housing markets tracked by the index.”

The largest gain was in Toronto, up 7.3% from levels in February 2011.

Vancouver was not far behind, up 6%, followed by 5.5% in the Lower Mainland.

All cities covered in the index were up, although Montreal posted the smallest gains, up 1.6% from a year ago, and Calgary was up the next lowest, 2.5%.

By home category, two-storey single family homes were up the most, gaining 6.9% from a year ago. It was also the only home category that showed an increase in the percentage gain from recent previous months.

Written by Kit Kadlec

Ten York — walker’s and transit rider’s paradise

February 11th, 2012

With all the hubbub at City Hall over the future of transit in Toronto, it’s nice to know you can still move in to a home that’s easily accessible with transit.

And Tridel’s most anticipated launch for 2012 – Ten York – is a walker’s and transit rider’s paradise. According to Walk Score, Ten York has a walk score of 92 (out of 100) and a perfect transit score of 100! This community, planned for the corner of York and Harbour, has 35 nearby transit routes including 20 bus routes and 15 rail (streetcars, subways and GO train) routes.

Why it’s a good time to buy a home?

January 30th, 2012

By Mark Weisleder | Fri Jan 27 2012

I believe there has never been a better time to buy a home. I’ve been in the industry for 28 years as a lawyer and I haven’t seen so many positive signs for housing, whether you are thinking or buying or locking in a mortgage.

Here’s why:

Mortgage rates at historic lows:They can’t get any lower. Four to five-year fixed mortgages at 3 per cent are unheard of. It is lower than the variable rate that most Canadians have been paying for years. Rates have nowhere to go but up, either later this year or next. If you are paying a variable interest rate, lock in now.

Canada’s appeal: This country has everything going for it — a stable banking and political environment, steady real estate market, the natural resources people want and few social tensions. That makes us a safe haven in a volatile world.

Our immigrant draw: Because of the above, we’re a draw for immigrants, often wealthy ones. When they get here, they need a home. So in my view while the real estate market may level off in some areas of Ontario, it should stay strong in most of the GTA and likely Canada’s other large urban centres as well.

Mortgage defaults: According to CMHC, over 99 per cent of Canadians pay their mortgages on time. It quite a different picture in the U.S. where 7 million homes are in foreclosure and perhaps another 7 million homeowners are under water. This represents almost 15 per cent of all homes. So while the American housing market will likely be weak for the next few years, this should not occur in Canada. Our banks are not dumping homes onto the market, so there is no downward pressure on prices.

Recourse Mortgages: In many U.S. states, if you can’t pay your mortgage, the only thing the bank can do is foreclose; they cannot sue you for any shortfall. So when homes go under water, owners give the keys back to the bank. In Canada, loans are almost all Recourse, meaning if you don’t pay and there is a shortfall, the lender can sue you for the difference. This is another reason why, in my opinion, even if times do get tough, Canadian homeowners will find a way to make the payments until things improve.

Income-to-price ratio: Another misleading statistic is that in major markets, like Toronto, the average price of a home is now 4.6 times the income of the average Canadian. This same statistic was found just before the U.S. and UK markets went into the tank. However, if you look at median incomes of Canadians against the median cost of homes, this average comes down to around 3.5, which is not dangerous. Using averages are wrong. A person receiving social assistance will not buy a home, and should not be included in any relevant statistic.

High consumer debt: The warnings about rising debt ratios must be examined carefully. The Governor of the Bank of Canada is worried that the average personal debt ratio is now 156 per cent in Canada. This means a household making $100,000 per year, owes $156,000, two-thirds of which is mortgage debt. Why is this so bad? At an interest rate of 3 or even 5 per cent, the amount needed to service the debt is manageable. Most people do not pay off their mortgages in one year. Still, this is another good reason to consolidate your debt now, at these low interest rates, and lock in.

No guarantees: Nobody can predict the future and there’s always the possibility of a major economic shock. Yet, in a U.S. presidential election year, politicians will do whatever is necessary to prevent it. If the economy goes into the tank, so do re-election chances. The U.S. is already showing signs of economic recovery.

No matter what, do not take on a monthly payment higher than what you can afford. Meet with your lender or mortgage broker in advance to figure out what you can afford before you start looking for a home. It may be the best time to buy, but you need to buy smart.

Mark Weisleder is a lawyer, columnist, author and speaker to the real estate industry. You can contact Mark at

Source: Ten York Condo

Highway ramp going inside a tower

January 22nd, 2012

Ten York Toronto is being built between a highway and it’s ramp.

This is a unique Japanese building.

Ramp inside the tower

Image source: Ten York Toronto

Why Real Estate Investing Makes Sense

January 7th, 2012

Statistics show that investing in real estate makes a lot of sense. More people have become millionaires owning real estate than any other investment. Many of us know someone who invested in real estate and have become wealthy. Real estate is one of the safest and most profitable means of creating wealth. Banks will even lend money for the purchase of real estate because they know it is one of the safest and most profitable investments available. Here is just some simple reasons why real estate makes sense.

1.      Proven Track Record

If you look at the average real estate prices you will see a trend where real estate prices continue to go higher. If one examines real estate prices five years ago compared to today you will see that prices are much higher. The same can be said if one looks back 10, 15 and 20 years back, you will find real estate prices have always increased. Just look at the value of your own home. Most likely it has increased from when you last purchased the home. There is an old saying,” invest in real estate and wait, not wait to invest in real estate.” A smart investor once said,“do whatever it takes but buy one property a year and soon you will be wealthy”. Real Estate has always been the greatest wealth-builder in history, unlike the volatile stock market where it’s difficult for the average person to make money. Also as the population continues to grow and more immigrants settle in our great country than the demand for real estate will only continue to grow and push real estate prices higher.

2.      Ownership

Real Estate is a tangible asset and you control when to sell. Obviously the longer you keep your investment the great your profits.

3.      Leveraging

With a small down payment you have the ability to own a property with little money down that carries. Leverage, plain and simple, is debt; it’s using other people’s money to buy, which actually allows you to use less of your own money to get more property. This is what is referred to as the “Power of Leveraging”.

4.      Capital Appreciation

Appreciation is the increase in value of a property over time due to inflation, supply and demand, capital improvements and other factors.  When rents or occupancy rates increase it translates into higher property values. Occasionally we have hot real estate markets which further push real estate prices higher.

5.      Mortgage Reduction

While you are receiving rent each month from your tenant you are actually building equity as your mortgage is being paid down. Over time your cash flow is increasing because your rent is increasing but your mortgage is being paid down.

6.      Good Overall Returns

The power of Real Estate investing provides investors with stable rents, increased property values, and tax savings.

7.      Predictable Revenue

In the long run the cash flow from the real estate investment provides consistent income during our retirement years.

8.      Operating Capital

Real Estate provides monthly cash flow to give the investment the ability to withstand economic downturns or temporary shortfalls.

9.      Refinancing Opportunities

The power of refinancing allows real estate investors the ability to borrow against the equity in their properties to purchase additional properties. This simple strategy has made many average people become millionaires.

10.  Tax Efficiency

Owning real estate has many tax advantages. Investors should speak to their own accountants to determine the best tax strategy for their particular situation. Real Estate is treated more favorable than other investments and taxes are deferred until property is sold.

11.  Diversification

Real Estate is a great way to diversify and you still have security, liquidity, and long term appreciation. Which are all the basics of good investing?

12.  Efficient & Synergistic

Investing with us provides investors with cost savings and efficiency which is usually unattainable to individual investors if they went at it alone.

13.  Flexibility

With us investors can start at their own comfort level, and buy additional investments as they become more comfortable.

14.  Bottom Line

Real Estate has a great track record of providing cash flow, tax advantages and appreciation over the long term.

Real estate creates wealth through well managed income producing properties. These turnkey properties provide hassle-free investing, great annual returns and cash flow. Begin Today And Start Living The Retirement You Deserve With Our Cash For Life Through Real Estate Plan!


source: Hoem@ease realty inc

Welcome To Ten York

January 2nd, 2012

Life. Between the lake and the stars. Rise above it all in the most prominent location in the city.
Chic, timeless, sophisticated. TEN YORK is a glass vision in the sky designed by award-winning architect Rudy Wallman of Wallman Architects, creators of some of the most striking urban designs in the city. Signature designer suites by the ultra
Ten York Aerial view

stylish design firm II BY IV Design Associates captivate with their imagination, elegance and timeless designs. The finest of features and finishes in the spacious suites will appeal to even the most discerning owners. An abundance of luxurious amenities make TEN YORK a charmed world unto itself. Prominently at the entrance to the city overlooking Lake Ontario. Key attractions are mere steps away – the Air Canada Centre, Maple Leaf Square, Rogers Centre and Harbourfront, with direct highway access to all parts of the city.

Ten York Condo Toronto