Business Directory

Mortgage Broker
Lawyers
Staging and Decor
Mortgage Update 2016

Erin Kouvertaris

Logo

For most people, purchasing a property is often the largest investment that they will make and that is why it’s important to surround yourself with professionals who will not only offer you a tremendous amount of knowledge and support, but will also make the process as seamless as possible- keeping you informed every step of the way.

As a mortgage professional, I will show you that I care about your needs first and foremost. In fact, by listening to your story, I will find you the best mortgage to fit your specific needs. With access to the most innovative mortgage products from over 30 financial institutions, I have greater leverage in negotiating extremely competitive mortgage products, terms and rates.

Honesty and integrity is the number one principle on which I build my business and I appreciate the opportunity to earn YOUR business.

1052 Kingston Road  Toronto, Ontario  M4E 1T4  Bus. 416.690.2181  Dir.  647.885.6940   Fax. 416.690.3587

Dominion Lending Centres Estate Mortgages LIC# 11363

CIBC Mortgage Advisor Channel - Viviane Nunes

Logo

You have  made the decision to buy your own home. For most of us, it’s the first step in fulfilling a lifelong dream. Now where do you go from here? I’m here to help answer questions you have about financing this exciting purchase.

As a CIBC Mortgage Advisor, my job does not stop at finding the right financing solution for you. I can provide you with advice and information on living with your mortgage, such as pay down strategies that will help you own your home sooner, or options for your next property purchase. If you have any questions along the way, or even down the road, I encourage you to contact me.

As a mobile Mortgage Advisor, I'll meet with you one on one at the time and place of your choosing. Whether at your home, office, or over the phone, I want to make the home financing process convenient for you.

I'm here to provide you with one on one, no obligation advice. As your single point of contact, I’ll help make the mortgage financing process convenient for you, as well as discuss flexible solutions that take your lifestyle into account.

Toll free: 1844 4MY MTGE (1844 469 6843) | Cell: (647)879-MTGE /(647)879-6843 

MB Clients: (204) 803-2071 |  Fax: 1 888 761 8417 / (905)665-0729

RBC - Mario Mancini

Logo
Your new home doesn't come with mortgage advice. I do.
 
When it comes to your mortgage, it is important to make sure you get the home you really want, with flexible financing solutions that are right for you.
 
This is where I come in. I’m here to help you get the mortgage you need to suit your lifestyle and to make your home ownership goals happen.
 
Supported by the considerable resources and expertise of RBC Royal Bank®, I will provide you expert advice and service for your home financing needs. I can help you understand the economic environment and ensure your financing suits your current situation and your future plans. You’ll enjoy the confidence of knowing you are working with a professional who has only your best interests in mind.
 
If you are looking to make informed mortgage decisions, contact me today and I will be in touch with you within 24 hours.
 
 
Mario Mancini, AMP | Mortgage Specialist l RBC Royal Bank l Royal Bank of Canada l 2346 Yonge Street, Toronto Ontario
M4P 2W7 l M. 647-405-2518 

Mortgage Alliance - Michelle Greenwood, LL.B

Logo

Buying a house is such a rewarding and exciting thing to do. Congratulations on embarking on this journey!

As a mortgage agent, real estate investor and real estate lawyer, I understand real estate from a lot of different perspectives AND I bring that breadth of knowledge and experience to the table when I help YOU navigate the mortgage world. 

With access to approximately 40 lenders, my focus is helping you to find the mortgage that will let you achieve your goals most effectively.  I take the time to get to know you so that I can provide you with tailored advice for as long as you have a mortgage.

 

My background and experience in the real estate industry is unique, and benefits you as a borrower – whatever your mortgage needs.

I am always available to answer your questions so please contact me any time!

 

Direct: 416-409-4261 

Email: mgreenwood@mortgagealliance.com

www.mortgageinformed.ca

Feld | Kalia - Barristers & Solicitors

Logo

With strong ideas about how clients should be treated, I took a risk, left the Bay Street life and embarked on a journey to create and nurture my own law firm, alongside my wife, now partner, Sonia Kalia.

With every communication our firm makes, whether in person, by phone, fax or email, we think about what we’re doing from your perspective.

Focusing solely on residential real estate law, and providing services for properties across Ontario to clients locally and internationally, we are experienced. Our volume is high and we get exposed to a plethora of tricky situations. This allows us to gain expertise at an exponential rate.

Because of my determination to serve you well, our firm is adept at problem-solving in order to protect your best interests. We value the contributions that our employees and clients provide. It would be impossible without our team of dedicated professionals who love what they are doing as much as we do.

I give seminars at the Law Society of Upper Canada, banks and real estate agencies, helping to educate others about what to expect with regard to every aspect of their closing. I am excited about opportunities to teach others. The more information I get out there, the better.

Sonia and I are looking forward to working with you. Feel free to contact us.

Feld | Kalia Barristers & Solicitors 72 Berkeley Street Toronto, Ontario, M5A 2W7 | info [at] feldkalia.com | Phone: 416 203 6347 Fax: 1 866 456 7672

Korman and Company

Logo

At Korman & Company we strive to provide you, our client, a calibre of service of the highest degree. Our team of lawyers and legal clerks work closely with your Realtor and mortgage broker to ensure a smooth transaction. With flexible hours and multiple signing locations, we will accommodate your busy work schedule.

Our goal is to provide you with creative, result-oriented solutions while always striving to protect your best interests.

For our international clients, our firm offers you personalized service to close your real estate transaction. From advanced preparation of documents to close correspondence with your Notary Public, we simplify the transaction so that you feel at ease.

Many real estate firms will only act on your individual transaction. At our firm, we act on your behalf with a view of the bigger picture. For example, how will your transaction impact your estate planning? Does your transaction align with your tax objectives? We offer you our services in Residential and Commercial Real Estate, Wills & Estates, and Corporate Law.

We trust you will find peace of mind when working with us. Please give us a call to discuss how we can be of service to you. 

 
Korman & Company | 721 Queen Street East
Toronto, ON  M4M 1H1

Order in the House - Rachael Kalinsky

Logo

Order in the House is a recipient of the Home Stars Best of 2013 award for their work helping busy individuals and families who are frustrated with the lack of time they have to maintain an organized home.  They provide their clients with valuable, professional advice by helping you de-clutter, create customized solutions to suit your lifestyle and encourage positive habits to maintain an organized space so you can live a more balanced life.

They are unique as Home Stagers and Move Consultants as they incorporate their organizing expertise throughout each aspect of the selling and moving process.  They will prepare your home for sale so we can focus on selling it quickly and for top dollar, reduce the stress of moving by managing the details for you, and turn your new house into a home in a matter of days.

 

Mortgage changes and how they may effect you

As I expect you have heard, there have been some significant mortgage rule changes that have taken effect in the last few weeks, and there are some additional changes happening at the end of November, 2016.  

I thought it might be helpful to hear some of the details of these changes from someone you trust, to mitigate the concern, curiosity and confusion you may be feeling.  

 

What could this mean for you and why is this happening?

The Canadian government has been keeping a watchful eye on the pace at which real estate prices have increased over the last several years, and as such, concern has been raised by Canadian Mortgage and Housing Corporation (CMHC).

On Oct 26th, Canada Mortgage and Housing Corp. issued a report which increased its risk rating assessment of the Canada’s residential market from “moderate” to “strong”. Below are some of the categories in no particular order that are underlying factors driving our market.

  • Continued low interest rate environment
  • Strong employment and GDP growth particularly in Toronto and Vancouver
  • Limited supply of ground related homes (detached, semis and townhouses)
  • Stable political environment 
  • Steady immigration
  • Low Canadian dollar valuation

CMHC looks at four key areas of concern: Overheating, price acceleration, overvaluation and overbuilding. 

 

Here are the changes: 

  1. If you have less that 20% for a down payment: You must insure your mortgage and borrowers will have to qualify based on the Bank of Canada posted 5 year rate which is currently 4.64%. This means that most borrowers will have approximately 20% less buying power and/or simply not qualify for the home they once thought they could.
  2. If you have more that 20% for a down payment: You could still be affected. There are some lenders that insure all of their loans whether they are high ratio or conventional {these are called “monoline lenders”}, As of November 30th 2016 they too will have to abide by the new guidelines set out for high ratio loans. This means they will have to (a) qualify conventional loans at the bench mark rate, (b) only amortize mortgages to a max 25 years, (c) they will not be able to finance properties valued at $1 million or more, (d) they will not be able to finance rental properties at all, and (e) will only be able to finance owner occupied properties.

What this means is that on the conventional side options will become limited.  Only the majority big banks can offer financing on investment properties, 30 year amortizations, and qualifying on the contract rates. Only the big banks (or some credit unions) will be able to still use the old rules on conventional loans.  

  1. NEW REPORTING RULES FOR THE PRIMARY RESIDENCE CAPITAL GAINS EXEMPTION: Everyone who sells their primary residence will have a new obligation to report the sale to the CRA; however, the change is aimed at preventing foreign buyers who buy and sell homes from claiming a primary residence tax exemption for which they are not entitled.

It is clear now that these new steps are meant to ease the risk that the governments feels exists in both the housing market and mortgages that are insured through CMHC.

 

Kendra’s Thoughts:

I have been watching the market very carefully over the past few weeks.  In the housing market I have seen a softening in regards to sales volume and prices, followed by a slight spike (I attribute this to buyers attempting to purchase before the 1st wave and 2nd wave of mortgage changes).

I am seeing more houses receiving no offers on offer dates, quite a few price reductions, some properties still getting above asking, leases rising (and getting multiple offers), and banks starting to raise their rates.

As always my job here is to inform you and share with you what I am currently seeing, not to make any predictions or assumptions.  That being said, we all know that once supply or demand changes we see prices affected.  Once there is a change in the market it creates a ripple effect.

There is more to talk about here, and it will impact you differently than others you know depending on your life stage and financial big picture.  To discuss your best options in real estate, connect with me today.

 

Smiles,

Kendra

 


Business Directory

Mortgage Broker
Lawyers
Staging and Decor
Mortgage Update 2016

Erin Kouvertaris

Logo

For most people, purchasing a property is often the largest investment that they will make and that is why it’s important to surround yourself with professionals who will not only offer you a tremendous amount of knowledge and support, but will also make the process as seamless as possible- keeping you informed every step of the way.

As a mortgage professional, I will show you that I care about your needs first and foremost. In fact, by listening to your story, I will find you the best mortgage to fit your specific needs. With access to the most innovative mortgage products from over 30 financial institutions, I have greater leverage in negotiating extremely competitive mortgage products, terms and rates.

Honesty and integrity is the number one principle on which I build my business and I appreciate the opportunity to earn YOUR business.

1052 Kingston Road  Toronto, Ontario  M4E 1T4  Bus. 416.690.2181  Dir.  647.885.6940   Fax. 416.690.3587

Dominion Lending Centres Estate Mortgages LIC# 11363

CIBC Mortgage Advisor Channel - Viviane Nunes

Logo

You have  made the decision to buy your own home. For most of us, it’s the first step in fulfilling a lifelong dream. Now where do you go from here? I’m here to help answer questions you have about financing this exciting purchase.

As a CIBC Mortgage Advisor, my job does not stop at finding the right financing solution for you. I can provide you with advice and information on living with your mortgage, such as pay down strategies that will help you own your home sooner, or options for your next property purchase. If you have any questions along the way, or even down the road, I encourage you to contact me.

As a mobile Mortgage Advisor, I'll meet with you one on one at the time and place of your choosing. Whether at your home, office, or over the phone, I want to make the home financing process convenient for you.

I'm here to provide you with one on one, no obligation advice. As your single point of contact, I’ll help make the mortgage financing process convenient for you, as well as discuss flexible solutions that take your lifestyle into account.

Toll free: 1844 4MY MTGE (1844 469 6843) | Cell: (647)879-MTGE /(647)879-6843 

MB Clients: (204) 803-2071 |  Fax: 1 888 761 8417 / (905)665-0729

RBC - Mario Mancini

Logo
Your new home doesn't come with mortgage advice. I do.
 
When it comes to your mortgage, it is important to make sure you get the home you really want, with flexible financing solutions that are right for you.
 
This is where I come in. I’m here to help you get the mortgage you need to suit your lifestyle and to make your home ownership goals happen.
 
Supported by the considerable resources and expertise of RBC Royal Bank®, I will provide you expert advice and service for your home financing needs. I can help you understand the economic environment and ensure your financing suits your current situation and your future plans. You’ll enjoy the confidence of knowing you are working with a professional who has only your best interests in mind.
 
If you are looking to make informed mortgage decisions, contact me today and I will be in touch with you within 24 hours.
 
 
Mario Mancini, AMP | Mortgage Specialist l RBC Royal Bank l Royal Bank of Canada l 2346 Yonge Street, Toronto Ontario
M4P 2W7 l M. 647-405-2518 

Mortgage Alliance - Michelle Greenwood, LL.B

Logo

Buying a house is such a rewarding and exciting thing to do. Congratulations on embarking on this journey!

As a mortgage agent, real estate investor and real estate lawyer, I understand real estate from a lot of different perspectives AND I bring that breadth of knowledge and experience to the table when I help YOU navigate the mortgage world. 

With access to approximately 40 lenders, my focus is helping you to find the mortgage that will let you achieve your goals most effectively.  I take the time to get to know you so that I can provide you with tailored advice for as long as you have a mortgage.

 

My background and experience in the real estate industry is unique, and benefits you as a borrower – whatever your mortgage needs.

I am always available to answer your questions so please contact me any time!

 

Direct: 416-409-4261 

Email: mgreenwood@mortgagealliance.com

www.mortgageinformed.ca

Feld | Kalia - Barristers & Solicitors

Logo

With strong ideas about how clients should be treated, I took a risk, left the Bay Street life and embarked on a journey to create and nurture my own law firm, alongside my wife, now partner, Sonia Kalia.

With every communication our firm makes, whether in person, by phone, fax or email, we think about what we’re doing from your perspective.

Focusing solely on residential real estate law, and providing services for properties across Ontario to clients locally and internationally, we are experienced. Our volume is high and we get exposed to a plethora of tricky situations. This allows us to gain expertise at an exponential rate.

Because of my determination to serve you well, our firm is adept at problem-solving in order to protect your best interests. We value the contributions that our employees and clients provide. It would be impossible without our team of dedicated professionals who love what they are doing as much as we do.

I give seminars at the Law Society of Upper Canada, banks and real estate agencies, helping to educate others about what to expect with regard to every aspect of their closing. I am excited about opportunities to teach others. The more information I get out there, the better.

Sonia and I are looking forward to working with you. Feel free to contact us.

Feld | Kalia Barristers & Solicitors 72 Berkeley Street Toronto, Ontario, M5A 2W7 | info [at] feldkalia.com | Phone: 416 203 6347 Fax: 1 866 456 7672

Korman and Company

Logo

At Korman & Company we strive to provide you, our client, a calibre of service of the highest degree. Our team of lawyers and legal clerks work closely with your Realtor and mortgage broker to ensure a smooth transaction. With flexible hours and multiple signing locations, we will accommodate your busy work schedule.

Our goal is to provide you with creative, result-oriented solutions while always striving to protect your best interests.

For our international clients, our firm offers you personalized service to close your real estate transaction. From advanced preparation of documents to close correspondence with your Notary Public, we simplify the transaction so that you feel at ease.

Many real estate firms will only act on your individual transaction. At our firm, we act on your behalf with a view of the bigger picture. For example, how will your transaction impact your estate planning? Does your transaction align with your tax objectives? We offer you our services in Residential and Commercial Real Estate, Wills & Estates, and Corporate Law.

We trust you will find peace of mind when working with us. Please give us a call to discuss how we can be of service to you. 

 
Korman & Company | 721 Queen Street East
Toronto, ON  M4M 1H1

Order in the House - Rachael Kalinsky

Logo

Order in the House is a recipient of the Home Stars Best of 2013 award for their work helping busy individuals and families who are frustrated with the lack of time they have to maintain an organized home.  They provide their clients with valuable, professional advice by helping you de-clutter, create customized solutions to suit your lifestyle and encourage positive habits to maintain an organized space so you can live a more balanced life.

They are unique as Home Stagers and Move Consultants as they incorporate their organizing expertise throughout each aspect of the selling and moving process.  They will prepare your home for sale so we can focus on selling it quickly and for top dollar, reduce the stress of moving by managing the details for you, and turn your new house into a home in a matter of days.

 

Mortgage changes and how they may effect you

As I expect you have heard, there have been some significant mortgage rule changes that have taken effect in the last few weeks, and there are some additional changes happening at the end of November, 2016.  

I thought it might be helpful to hear some of the details of these changes from someone you trust, to mitigate the concern, curiosity and confusion you may be feeling.  

 

What could this mean for you and why is this happening?

The Canadian government has been keeping a watchful eye on the pace at which real estate prices have increased over the last several years, and as such, concern has been raised by Canadian Mortgage and Housing Corporation (CMHC).

On Oct 26th, Canada Mortgage and Housing Corp. issued a report which increased its risk rating assessment of the Canada’s residential market from “moderate” to “strong”. Below are some of the categories in no particular order that are underlying factors driving our market.

  • Continued low interest rate environment
  • Strong employment and GDP growth particularly in Toronto and Vancouver
  • Limited supply of ground related homes (detached, semis and townhouses)
  • Stable political environment 
  • Steady immigration
  • Low Canadian dollar valuation

CMHC looks at four key areas of concern: Overheating, price acceleration, overvaluation and overbuilding. 

 

Here are the changes: 

  1. If you have less that 20% for a down payment: You must insure your mortgage and borrowers will have to qualify based on the Bank of Canada posted 5 year rate which is currently 4.64%. This means that most borrowers will have approximately 20% less buying power and/or simply not qualify for the home they once thought they could.
  2. If you have more that 20% for a down payment: You could still be affected. There are some lenders that insure all of their loans whether they are high ratio or conventional {these are called “monoline lenders”}, As of November 30th 2016 they too will have to abide by the new guidelines set out for high ratio loans. This means they will have to (a) qualify conventional loans at the bench mark rate, (b) only amortize mortgages to a max 25 years, (c) they will not be able to finance properties valued at $1 million or more, (d) they will not be able to finance rental properties at all, and (e) will only be able to finance owner occupied properties.

What this means is that on the conventional side options will become limited.  Only the majority big banks can offer financing on investment properties, 30 year amortizations, and qualifying on the contract rates. Only the big banks (or some credit unions) will be able to still use the old rules on conventional loans.  

  1. NEW REPORTING RULES FOR THE PRIMARY RESIDENCE CAPITAL GAINS EXEMPTION: Everyone who sells their primary residence will have a new obligation to report the sale to the CRA; however, the change is aimed at preventing foreign buyers who buy and sell homes from claiming a primary residence tax exemption for which they are not entitled.

It is clear now that these new steps are meant to ease the risk that the governments feels exists in both the housing market and mortgages that are insured through CMHC.

 

Kendra’s Thoughts:

I have been watching the market very carefully over the past few weeks.  In the housing market I have seen a softening in regards to sales volume and prices, followed by a slight spike (I attribute this to buyers attempting to purchase before the 1st wave and 2nd wave of mortgage changes).

I am seeing more houses receiving no offers on offer dates, quite a few price reductions, some properties still getting above asking, leases rising (and getting multiple offers), and banks starting to raise their rates.

As always my job here is to inform you and share with you what I am currently seeing, not to make any predictions or assumptions.  That being said, we all know that once supply or demand changes we see prices affected.  Once there is a change in the market it creates a ripple effect.

There is more to talk about here, and it will impact you differently than others you know depending on your life stage and financial big picture.  To discuss your best options in real estate, connect with me today.

 

Smiles,

Kendra