It’s no surprise to Ontarians that buying a home in Toronto has become nothing short of impossible. With a shortage of affordable houses, even families earning well over $100,000 a year are struggling to find suitable dwellings. Despite this, more and more young families and professionals flock to the city annually, seeking a place to call their own. At Spectrum Realty, we partner with professionals who offer decades of experience to our clients. Working in the Toronto housing market for so long, we understand what goes into buying a home in the GTA. Yes, finding affordable lodgings is difficult, but ...
How to Buy a House For Less
December 2, 2019
Should You Go House Hunting in the Winter?
October 10, 2019
Generally, houses are offered for rent or sale on the real estate market every day. You can begin house hunting whenever you can afford the rent or market price, and feel the need to move. It is recommended that you start this process at least 4-6 weeks in advance of your intended move-in date. Many people believe that the best time to find a new home is in the spring and summer and that you’re not likely to find good housing at other times of the year, but this is not necessarily true. In fact, winter is considered a desirable ...
The New First-time Home Buyer Incentive – What it is and what it means for you
September 9, 2019
At the beginning of September 2019, the Government of Canada introduced the First-time Home Buyer Incentive (FTHBI). The new program is designed to make buying a home more achievable for young people and first-time home buyers by reducing monthly mortgage payments without increasing their down payment. Applications are officially being accepted as of September 2, 2019. Jean-Yves Duclos – Minister of Families and Social Development who also oversees the Canada Mortgage and Housing Corporation – stated last week that the program is working to empower the middle class. We will break down the FTHBI to help you get a better ...
Buying Your Dream Home
July 2, 2019
Whether you fantasize about living in an urban loft or a raised bungalow in the suburbs, for many Canadians, one of life’s biggest goals is purchasing a “dream home.” Most of us hope to find a home that feels as though it was built just for us. When looking for your dream home, the goal will be to find something you’ll enjoy long-term. That’s why you’ll be on the lookout for features you and your family will be happy with for the foreseeable future. So how will you know you’ve found the perfect place? Read our list of factors ...
7 Things You Must Do Before Buying a House!
October 10, 2018
Before you consider purchasing a house, there are many things you should consider. A lot of people equate buying a home with a dream purchase, however, if you have not done your homework well in advance, it can quickly turn to nightmare. We have broken down seven key factors that you should consider before even considering buying a home. Buying a new home is an exciting time for many people, especially first time home buyers. But, you need to keep in mind many other factors that play into this large decision. If you prepare yourself, you will be much better ...
Tips for First Time Homeowners
April 23, 2018
Purchasing a new home does not have to be a difficult or stressful process for first time homeowners. There are several tips and tricks to make the process easier and less stressful for you. Below are a few tips that you should keep in mind before taking the next steps to homeownership. It is very important to know what you’re looking for before you begin the hunt for your first home purchase. Researching topics such as location and budget are crucial steps in the home owning process. Potential homeowners who are raising families are going to want to pay attention ...