Top 5 Hottest New Condo Projects Launching in Fall 2014

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The following is a guest post by BuzzBuzzHome, the most comprehensive listing of new construction homes. Aside from cataloguing all new construction in Canada and the U.S., BuzzBuzzHome maintains a news site, publishing all the real estate news that’s fit to print.

Is summer coming to an end already?

While not everyone gets excited for the season that people typically associate with impending colder weather and back to school shopping, those in the real estate industry come alive in the early fall.

Agents blow the dust off their smartphones, developers ready their sales teams and calendars start filling up with new condo launch events. There’s so much going on in the fall that we thought it wise to prepare a simple guide so that real estate savvy Canadians can get the jump on the busy market.

Below are the 5 new condo projects you should be looking out for across Canada this fall. Enjoy! Continue reading

Top 3 Tips for Mortgage Renewal Time

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Unless you come up with the cash to pay off the entire balance of your mortgage in your first mortgage term, you’ll likely face a few renewals in your lifetime. A mortgage renewal is simply the process of taking the outstanding balance of your mortgage and renewing it for another term at a new (and hopefully lower) mortgage rate.

If you don’t already have the maturity date pencilled into a calendar, you’ll know it’s time to renew when your current mortgage provider sends you a renewal slip in the mail. The slip includes a new mortgage rate and term offer, which you can simply sign and send back. However, it’s in your best interest to take a more proactive approach. Here are our top 3 tips for what you should do at mortgage renewal time:

1. Consider Your Current Financial Goals

Before you sign your mortgage renewal slip and send it back, you should first review your financial goals to determine if your current provider can offer a mortgage product that suits your needs. Continue reading

How to Get Your Condo Ready for Fall and Winter

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It may seem like a long way off, but the cooler days of fall and winter will be upon us before we know it. Rather than get stuck with higher heating bills (at least for those who suffered the awfully cold temperatures we had here in Toronto last year), there are a few things you can do to prepare your condo for the colder months—and save some cash in the process. Thought winterizing homes was only for detached houses? Here are four reasons to think again:

1. Trap the Heat

Having plenty of windows in a condo means bright, light-filled living spaces. But as the temperatures dip outside, all that glass can leach out a lot of your home’s heat, and let in the cold. If they haven’t been already, look for ways to weatherproof your windows from the inside and out. Continue reading

The Consequences of Skipping a Mortgage Payment

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There’s one feature that some lenders offer with their mortgage products which we’ve never really discussed before. Lately, however, it seems like everywhere we look, more and more lenders are advertising it. Maybe it’s a sign of the times, since housing prices are at their highest, as well as household debt levels, and we could all use a little relief in the financial department of our lives. But this is one feature that might sound too good to be true: it’s the option to skip-a-payment and, while it could be helpful in times of financial duress, it comes with some consequences. Take a look at how it works, what it could cost you, and what to consider before making the decision to refrain from making one of your monthly mortgage payments. Continue reading

2 Reasons to Switch Mortgage Providers at Renewal Time

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If you’ve ever renewed a mortgage before, chances are you’ve at least entertained the idea of switching mortgage providers. Switching providers is often the best choice, for two reasons: new lenders can usually offer you the best mortgage rates, as well as better prepayment options. The differences in these numbers from one lender to the next may seem insignificant, at first, but waiting until you find the best options can save you thousands of dollars in interest charges over the course of a mortgage term. Here’s why you should make the move: Continue reading