Ending Blind Bidding in Ontario: Who will benefit?
What is blind bidding? Blind bidding is when the homebuyer makes a bid or an offer on a home without knowing what fellow homebuyers are offering. Some experts say it’s one of the main reasons for high home prices and this makes perfect sense. Imagine if you and five other homebuyers are making an offer […]
Slowing Real Estate Market: Is this a good time to buy?
Home sales fall in the GTA: Will home prices follow? Home sales and home prices continue to weaken in Canada’s largest real estate market, the GTA, as revealed by the latest numbers. According to the Toronto Regional Real Estate Board (TRREB), home sales in April were down a sharp 41.2 percent year over year. In […]
The Foreign Homebuyer Ban: Will it Work?
The federal government has banned foreign homebuyers for a two-year period from Canada. What will it do to the market? Read on to find out. The spring federal budget 2022 The federal government announced several measures to help with the red-hot real estate market, including a new tax-free home savings account, doubling the pace of […]
Rate Hikes Incoming: How to Prepare
The Bank of Canada is set to raise rates for the first time in over 3 years. Why is it happening and how to prepare? The Bank of Canada may not have raised rates in January, but it was crystal clear: rate increases are coming. It’s not a matter of if, it’s a matter of […]
5 Key Reasons to Work with a Mortgage Broker over the Banks
Top 3 Reasons Why Lowest Rates are Not Always the Best
Low rate mortgages may come with high penalties and restrictions that can end up costing you thousands more later on. We go over the features that really matter when shopping for a mortgage. When shopping for a new car, would you buy the lowest priced car on the lot, while ignoring all other relevant features? […]
Rate Hikes Incoming
If you’ve read the news lately, you’ve probably heard quite a bit about rising interest rates. Let’s take a closer look at where rates are going, how rates normally increase and what impact they have on variable rate mortgages. Where are rates going If you’re in the market for a fixed rate mortgage, fixed mortgage […]
Should You Choose A Fixed Or Variable Mortgage Rates Today
When considering mortgages, it doesn’t take long before the entire process gets confusing, stressful, and exhausting. However, we don’t believe it should be this way which is why we are trying to make the industry more accessible. By providing you and many others with genuinely useful information, you will be in a better position to […]
How To Apply For A Mortgage After
Bankruptcy
If you’ve been through the process of bankruptcy, you will know just how damaging it can be for your finances, credit score, and even your confidence within the market. However, damaging the experience is though, there is always a way out and we will try to provide some hope for you today. At Leon Turkin […]
Difference Between A Mortgage Broker And A Lender
As you may know, we at Leon Turkin & Team are on a mission to make the mortgage industry more accessible than ever before. Over the years, we have seen just how confused some people become at the sheer amount of options and the terminology used so we are trying to reduce the barriers that […]
