Posted in: Open House
Come out this Saturday Feb 27 (1-4pm) to see a beautiful home in Tuscany.
There is no better place to enjoy what Tuscany has to offer than in this incredible 3 bedroom storey home with 2 levels of developed living space and a double attached garage. Featuring a modern open floor plan on the main level including a large kitchen with stainless steel appliances, pantry, tons of counter top space, and access to the rear patio. Other main floor attr actions include a beautiful gas fireplace in the living room, bathroom, and convenient laundry/ mudroom with garage access. The bedrooms are on the top floor and the master including a walk-in closet and an ensuite bathroom. To top it all off this home is just moments from shopping, schools, play grounds and public transit. Book your showing today.
Posted in: Transportation
Last week the project team for the LRT Expansion posted new concept drawings for the new CTrain station as well as changes to the bus shelter designs. This station is intended to be a community station primarily serving those living and working in Rocky Ridge/Royal Oak and Tuscany.
Posted in: Market Trends
The Government of Canada announced changes today to mortgage insurance rules which may affect your qualification levels when applying for a new mortgage. These changes come into effect April 19th meaning that they affect any mortgages funded after April 19th. (Funding is often on or about your completion/possession date for your new home.)
The changes include:
1. All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term;
2. The maximum amount one can withdraw in refinancing their mortgage will be reduced to 90% from the current 95% of the value of one's home;
3. Non-owner occupied properties will require a minimum down payment of 20%.
Should you be in the market for a new home and want more information on how these changes will impact you, do not hesitate to contact me for more information.