Royal LePage Real Estate Services Loretta Phinney, Brokerage

Hoping for a Housing Crash? Don’t Hold your Breath

By: Loretta Phinney Team

Hoping for a Housing Crash? Don’t Hold your Breath

Tags: Housing, Real Estate, Affordability, GTA

There are two types of people, those that are hoping for a housing crash, and those that are fearful of one. There seems to be more of the latter in Vancouver and Toronto where high housing prices have contributed to ongoing affordability issues.   In fact, the majority of residents living in and around Toronto and Vancouver hope prices will fall by at least 10 percent according to recent pol...Read More

22,000 New Trees and Counting in Oakville

By: Loretta Phinney Team

22,000 New Trees and Counting in Oakville

Tags: Real Estate, Property Value, Oakville, Urban Forest

  The trees are stunning this time of year. The shades of red, orange, and yellow are striking against the blue sky. This year the amount of colour will grow – literally.   According to Oakville’s PLANT initiative, which aptly stands for Please Let’s Add New Trees, 22,681 new trees were planted across Oakville.   Whether you consider yourself a tree hugger or not,...Read More

Mississauga Skyline to Grow around Malls

By: Loretta Phinney Team

Mississauga Skyline to Grow around Malls

Tags: Mississauga, Housing Supply, Development, Real Estate

Some communities in the GTA are opposed to intensification. But for Mississauga, the only way to grow is up. And a plan will grow Mississauga’s skyline around malls.   A new project called “Reimagining the Mall” has created plans to guide the long term growth of five areas with well-known indoor shopping malls.   The five malls include: Meadowvale Town Centre Erin M...Read More

5 Ways to Save for a Down Payment

By: Loretta Phinney Team

5 Ways to Save for a Down Payment

Tags: Real Estate, Home Buyers, Down Payment, Housing

With today’s soaring housing costs, it is more important than ever to develop a long-term plan to save up for a down payment. A 20% down payment for a first-time buyer can be daunting but can be done if the following are kept in mind. 1. Prioritization and Lifestyle A new car? Expensive vacations and fancy dinners? These are nice things but the prioritization of setting money aside is a crit...Read More

GTA Real Estate Rebounding in August and September

By: Loretta Phinney Team

GTA Real Estate Rebounding in August and September

Tags: GTA Real Estate, Detached Homes, Condos, Sales Growth

“Rebound” is the term being used that could be describe the GTA’s real estate market for the last two months. Compared with a year ago, sales are up by 8.5 percent for August and up 2.9% for September.   This is good news for the market, as sales the first half of 2018 was relatively slow across the GTA.   Average selling prices are up by 4.7 percent compared to August ...Read More

Oakville’s new State of the art Community Centre

By: Loretta Phinney Team

Oakville’s new State of the art Community Centre

Tags: Southeast Oakville, Community Centre, Infrastructure, GTA

Construction of the new Southeast Community Centre has officially begun. The Town of Oakville recently broke ground on construction work for the new facility which is expected to open in the fall of 2020. The old Oakville Trafalgar school, as a designated heritage building, will remain in place and be incorporated into the new facility.   When construction is finished, residents in southeast ...Read More

Is Home Co-Ownership right for you?

By: Loretta Phinney Team

Is Home Co-Ownership right for you?

Tags: Real Estate, Affordability, Home Buyers, Mortgage

Roommates aren’t for everyone. Many people probably have experiences with roommates of a time past – during university, or the first few years afterwards. We often associate roommates with these earlier stages of life. But trends suggest that roommates could be a part of living situations for later than in the past.   Co-ownership of real estate is where a mortgage is split betwee...Read More

More Construction Planned for Downtown Oakville Next Spring

By: Loretta Phinney Team

More Construction Planned for Downtown Oakville Next Spring

Tags: Lakeshore, Downtown Oakville, Local Business, Downtown Revitalization

Major construction is planned to occur along Lakeshore Road in 2019 and 2020. The first phase will take place from April to mid-November in 2019, to free up the downtown area for Christmas. The second phase will occur in the same months in 2020.   The construction project will carry out Oakville’s plan to revitalize downtown. Click here to see a timeline of the construction project. &nb...Read More

PURCHASE PLUS IMPROVEMENTS PROGRAM

By: Loretta Phinney

PURCHASE PLUS IMPROVEMENTS PROGRAM

Tags: Qualified home buyers can make their new home just right for them, with tailored improvements, immediately after taking possession of the purchased property. All this can be done with one manageable mortgage and with only 5% down.

  Acceptable Loan Purpose & Applicable Loan-To-Value Limits: Purchase transactions: 1 & 2 units: 95% LTV (includes both purchase & improvement amount) Property value ≤ $500,000 - 5% down payment required Property value > $500,000 and < $1,000,000 - 5% down payment required up to $500,000, with an additional 10% down payment on the portion of the home v...Read More

Boomer property trends survey

By: Loretta Phinney

Boomer property trends survey

Tags: More than 1.4 million boomers across Canada expect to buy a home in the next five years

  56 per cent of boomers consider their local housing market unaffordable for retirement 9 per cent of boomer parents do not expect their kids to move out until after the age of 35; this number is almost three times higher in British Columbia 32 per cent of boomers looking to buy in the next five years most likely to purchase a condo TORONTO, August 8, 2018 – The Royal LePage Boo...Read More