Spring 2015 edition of CMHC's Housing Market Outlook

Spring 2015 edition of CMHC's Housing Market Outlook - Greater Toronto Area is now available and can be accessed by clicking on the link below.

http://www.cmhc-schl.gc.ca/odpub/esub/64319/64319_2015_B01.pdf

Here are the highlights for the current edition:

•Condominium apartment starts will dominate construction in 2015 and 2016 •Low mortgage rates and increasing consumer confidence will boost existing home sales in 2015 before edging lower in 2016 •Rising supply of condominium apartments for rent will exert some upward pressure on the average vacancy rate •Lower oil prices will help to boost employment

Looking for a Mortgage Renewal?

http://www.renewyourmortgage.ca/

The Bank of Mom and Dad

Mortgage Tip of the Day:

This one is very clever and it came to me from a client.

A client was getting a gift from their parents for part of the down payment on their new home. This clever person took the gift and contributed to their RRSP. Then they withdrew the funds without penalty (first time buyer) and used the gift for the down payment as it was intended! 

By doing this they got the tax benefit on their income tax AND they have made a commitment to contribute the funds back to the RRSP for the next 15 years! 

Smart smart smart! 

I am now going to promote this plan every time I have first time buyer getting a gift. (Did I mention my client's mom is a financial planner?)

Thank you Marcy Berg! 

http://renewyourmortgage.ca 

You should be using every TIP you can to maximize your equity.
Call today!   647 218 2414

Behind on your Taxes?

Do you need to pay some bills?
Looking at the next tuition bill?

Have you let the property taxes slide for a couple of years?  Now the renewal is in and you have a problem.

What will you do?

Create a second mortgage that can absorb some or all of your high interest rate debt;  Add in your unpaid taxes PLUS prepay the second mortgage for one year.

Result;

You cleaned up your debt
Improved your cash flow 
Enhanced Credit Position

Call today

http://www.renewyourmortgage.ca/services.html

Bring me your problems I want to help

Bring me your problems, I want to help you. I am a professional problem solver. Tell me about yours. http://www.renewyourmortgage.ca/services.html  #YYZ Pls Share

Call me direct at 647 218 2414

Let's be #DebtFree2015

What a magnificent Goal!

Debt Free in 2015

You CAN refuse to pay more interest! 

Manager your stress; reduce the worry.

You can refinance to improve your cash flow, eliminate high interest rate debt, refinance for renovation, save money with a lower interest rate or move to a better lender. 

How can we help you?

http://www.renewyourmortgage.ca/home.html