For All Your Real Estate Needs in Scarborough, Toronto, Ajax, Pickering, Durham, Brampton, Mississauga, York Region and the GTA
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 Owners / My Blog

Refinancing is driver of new loans growth: CMHC

8/9/2017 | Posted in Mortgage News by Shan Thayaparan

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The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 ...

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If you haven't disclosed your home's rental suite, you may be breaking the law

8/6/2017 | Posted in Home Owners by Shan Thayaparan

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A rental suite is a great way to help homeowners meet their mortgage payments at a time when home prices are creeping ever upward in some parts of Canada.

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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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Why consumers should be wary of using the wildly popular home equity lines of credit as ATMs

6/9/2017 | Posted in Financial Health by Shan Thayaparan

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A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk ...

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More Canadian homeowners will renovate this year, but spend less to spruce up their space: CIBC Poll

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

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With average household debt and housing prices at record highs across Canada, a new poll by CIBC finds that a growing number of Canadian homeowners (48 per cent) are choosing ...

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A 10% hike to mortgage payments would sink almost 3 quarters of homeowners, Manulife says

5/25/2017 | Posted in Financial Health by Shan Thayaparan

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Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ...

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Obsession with home ownership driving Toronto affordability crisis, report finds

5/23/2017 | Posted in Toronto Real Estate by Shan Thayaparan

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The Toronto area will need up to $150 billion in new home construction in the coming decade and most of that should be rental units, says a report from the Canadian Centre for ...

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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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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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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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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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Should You Worry About Moisture on Windows?

3/9/2017 | Posted in Home Maintenance by Shan Thayaparan

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You're standing by your window admiring the view. Then you notice it. Moisture has built-up around the edges of the glass. Should you worry?

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Toronto council approves 2 per cent property tax increase

2/16/2017 | Posted in Toronto News by Shan Thayaparan

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Toronto Residents - It’s official. Your property taxes are going up. City council voted 35-8 on Wednesday to increase ...

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The classic RRSP season dilemma: Contribute or pay down your mortgage

1/27/2017 | Posted in Financial Health by Shan Thayaparan

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The type of person you are will inform the math that goes into your decision.

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Paying off mortgage sooner among top financial goals

1/25/2017 | Posted in Financial Health by Shan Thayaparan

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More than a third of Canadians polled by CIBC said that paying off their mortgage sooner was a key financial goal.

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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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Property taxes in Brampton, Mississauga soar above Toronto's

12/22/2016 | Posted in GTA News by Shan Thayaparan

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The already glaring gap between property taxes in Brampton and Mississauga compared to Toronto, is getting even wider. With 2017 budgets approved for Brampton and ...

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Tax implications of selling a home

12/2/2016 | Posted in Home Sellers by Shan Thayaparan

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For Canadians who are planning to release their homes to the highly competitive real estate market, they need to be aware of the tax implications of the recent regulatory ...

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Mississauga residents brace for tax bill

12/2/2016 | Posted in Community by Shan Thayaparan

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This week the City of Mississauga began its budget deliberations in council chambers. Staff presented a proposed tax increase of 5.9 per cent on the city’s portion (34 ...

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The CRA is cracking down on real estate tax dodgers in Canada's red hot market

11/26/2016 | Posted in Real Estate Investments by Shan Thayaparan

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Evidence of the ongoing crackdown by the tax authorities on Canada’s red hot residential real estate sector is everywhere, from recently updated statistics that show ...

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Leaving a home empty in Vancouver to cost at least $10,000

11/11/2016 | Posted in Real Estate News by Shan Thayaparan

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The talk of an empty homes tax in Vancouver is to become a reality. The city council says that it will be introduced by January 1, 2017.

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Canada's Mortgage Rules Will Sap Home Sales But Only Slow Prices: RBC

11/8/2016 | Posted in Mortgages and Real Estate by Shan Thayaparan

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Home sales nationally will decline 11.5 per cent following the tightening of mortgage rules by the federal government.

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Four ways parents can help their kids buy a home

10/27/2016 | Posted in Home Buyers by Shan Thayaparan

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As housing prices rise significantly, it can be hard for young people to get a leg up. Here are some ideas for Mom and Dad.

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Banks, insurers spearhead opposition to Ottawa's new housing rules

10/11/2016 | Posted in Mortgages and Real Estate by Shan Thayaparan

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Canadian banks and mortgage insurers are rallying against new government housing rules that they say will lead to higher mortgage rates, hurt small real estate markets and ...

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How principal-residence tax changes will affect every Canadian homeowner

10/8/2016 | Posted in Home Owners by Shan Thayaparan

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Earlier this week, Finance Minister Bill Morneau introduced tax changes that were aimed primarily at foreign investors in Canadian real estate to ensure they abide by our ...

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Genworth: One-third of mortgage consumers at risk due to new measures

10/7/2016 | Posted in Mortgage News by Shan Thayaparan

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Fully one-third of consumers would encounter difficulties in meeting the new debt service ratios as outlined by the tightened mortgage measures introduced by Finance Minister ...

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Common real estate scams and how to avoid them

10/4/2016 | Posted in Home Owners by Shan Thayaparan

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For most people, buying a first house or condo is exciting and a big leap into adulthood. But it doesn’t take long for the cold hard reality of mortgage payments, taxes ...

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"Doubling up" on the rise in red-hot markets

9/27/2016 | Posted in Real Estate Market by Shan Thayaparan

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More and more consumers in Vancouver and Toronto are purchasing and moving to new properties even as they continue to maintain ownership of their old homes, taking advantage of ...

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Get used to low interest rates, slow growth

9/15/2016 | Posted in Home Owners by Shan Thayaparan

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Good news and bad news for homeowners; low interest rates are set to be around for a while but the Canadian economy is likely to remain sluggish.

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