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Shan Thayaparan | Real Estate Sales Representative Serving 
Scarborough, Toronto, Ajax, Pickering, Durham, Brampton, Mississauga, York Region and the GTA | Re/Max Community Realty Inc., Brokerage

Home Buyers / My Blog

Homeowners worried over rate hike advised to lock in mortgages ? experts

6/22/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates ...

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U.S. Fed closing the door on low-rate mortgages in Canada

6/15/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The U.S. Federal Reserve raised its trend-setting interest rate on Wednesday for the third time in six months to the highest level since the global financial crisis hit in the ...

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Toronto could become a "buyer's market" in coming months: RBC

6/7/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Is that for real? Toronto may soon become a buyer's market, according to RBC.

...

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Homebuyers who get family help report feeling less comfortable with their debt levels

6/7/2017 | Posted in Home Buyers by Shan Thayaparan

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Even after getting family help to make a down payment on a home, first-time buyers still worry about their financial situation, according to a new survey from ...

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1 in 4 homebuyers had issues after purchase: Allstate

5/30/2017 | Posted in Home Buyers by Shan Thayaparan

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Costly repairs could be awaiting homebuyers as a new survey shows that owners may be missing some important factors when renovating or carrying out maintenance.

...

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Income volatility for 10 million Canadians: TD Bank Report

5/18/2017 | Posted in Financial Health by Shan Thayaparan

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Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year.

...

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Mortgage rates continue to defy expectations as Trump runup fizzles

4/28/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Here’s the least surprising news you’ll hear all day: Interest rates are not doing what most experts predicted.

...

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More People Are Buying Toronto Real Estate That Shouldn't, And Half Are At Risk of Defaulting

4/27/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Toronto real estate buyers scrambling to get in the market are increasingly taking out high-ratio mortgages, with far too little income.

...

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Activity in Canada's largest urban centres encouraging local buyers to relocate to surrounding markets : Re/Max

4/25/2017 | Posted in Real Estate Market by Shan Thayaparan

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"Move-over" buyers from Toronto and Vancouver turning to surrounding areas to find a balance of affordability, square footage, and access to ...

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Buyer's remorse: Most millennial homeowners are house poor and want to sell

4/24/2017 | Posted in Home Buyers by Shan Thayaparan

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Many millennials face the understandable apprehension that they may never be able to afford a home in a market that’s continually surging to new heights.

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Single Canadians make up a quarter of homebuyers

4/13/2017 | Posted in Home Buyers by Shan Thayaparan

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Almost 1 in 4 homebuyers is buying on their own, often due to unexpected life changes. A new survey from TD found that 69 per cent of divorced and 35 per cent of widowed ...

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Bank of Canada maintains overnight rate target at 1/2 per cent

4/12/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the ...

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Cool Toronto's market by cutting tax - not raising it

4/12/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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Jack Mintz: If Premier Kathleen Wynne wants to score a big win with home-buying voters, why not get rid of the land-transfer tax altogether?

...

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Many Toronto homebuyers skipping inspections

4/4/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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In Toronto, some homebuyers are so desperate to win bidding wars they're rushing to make offers without even getting an inspection. The average price for a detached home ...

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Regulator launches broker database

4/4/2017 | Posted in Home Buyers by Shan Thayaparan

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Homebuyers can now view their potential broker’s regulatory record in a now online portal, which allows consumers to search broker and company names to view disciplinary ...

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Sousa promises measures to cool Ontario's overheated housing market

3/28/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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Attention hard-pressed homebuyers: Finance Minister Charles Sousa is promising help in his spring budget to make houses and condos more affordable.

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Mortgage premium hikes reduce case for borrowing to boost down payment

3/20/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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With mortgage insurance premiums rising, homebuyers whose down payments are just shy of 20 per cent may be considering whether to tap extra sources of credit in order to avoid ...

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'Marginal' home buyers setting market value in Toronto

3/20/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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The most frustrated people in the Toronto area’s real estate market right now are clearly the buyers. But right behind them are many seasoned agents.

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What to expect after the U.S. Fed rate hike

3/17/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The possible impacts of the U.S. Federal Reserve’s decision on March 15 (Wednesday) to raise its key interest rate from 0.75 per cent to 1 per cent should not be ...

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US Federal Reserve hikes key interest rate to twice that of Canada's

3/15/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that any further hikes this year will be gradual. Higher rates ...

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Impact of U.S. Fed rate hike - Warning

3/14/2017 | Posted in Mortgage Interest Rates by Shan Thayaparan

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Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in ...

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Millennials are buying homes but many have parental help: survey

3/3/2017 | Posted in Home Buyers by Shan Thayaparan

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While slightly more than a third of Canadian millennials now own a home, nearly two-fifths of them had help from parents to get into the housing market, says a new global study ...

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GTA house price 'spillover' driving up prices as far away as Sudbury, Ottawa: CMHC

1/29/2017 | Posted in Ontario Real Estate by Shan Thayaparan

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CMHC data shows sky-high prices in the Greater Toronto Area are pushing homebuyers further afield. Spillover from the red-hot GTA real estate market is driving demand and ...

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Top 2017 design trends

1/20/2017 | Posted in Industry Trends by Shan Thayaparan

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According to the Interior Design Show, the following will be the top 10 design trends for 2017 inspiring the direction of design for the year to come.

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Toronto condo buyers feeling the squeeze

1/20/2017 | Posted in GTA Real Estate by Shan Thayaparan

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One of the big surprises of the resale market in 2016 in the Greater Toronto Area was the strength of the condo segment. The shortage of listings in the single-family home ...

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Mortgage insurance premiums hiked once again

1/17/2017 | Posted in Mortgages and Real Estate by Shan Thayaparan

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CMHC announced early Tuesday it is increasing its loan insurance premiums effective March 17.

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More Torontonians want hard-to-find detached homes: Study

12/28/2016 | Posted in Ontario Real Estate by Shan Thayaparan

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A study by the Ontario Real Estate Association finds more Torontonians are eyeing detached homes, even though those properties are the hardest to find. 

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Lend first-time buyers cash to buy houses, Ontario realtor chief says

12/24/2016 | Posted in Ontario Real Estate by Shan Thayaparan

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The head of a realtor group in Canada’s largest province said he’d support a program that would lend first-time buyers cash to buy houses and get them out of their ...

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Home buyers optimistic about GTA real estate market, research finds

12/19/2016 | Posted in GTA Real Estate by Shan Thayaparan

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High prices and tighter lending conditions aren’t dampening consumers’ optimism and enthusiasm for real estate in the Toronto region, where half of homebuyers still ...

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