Archive for January, 2012

Why it’s a good time to buy a home?

Monday, 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

Sunday, 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

Saturday, 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

Monday, 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