I am thankful for you! BUT you are going to thank me after reading this.

January 6, 2022
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I am thankful for you! BUT you are going to thank me after reading this.


The housing market has so much negative & sensationalized media around it that buyers are overlooking the affordability facts & the fear of taking advantage of some great opportunities right in front of them.  Let’s recap Q1 – Q3 2022

CREA (Canadian Real Estate Association) says that inventory/ housing supply is at an all-time low. Why is that statement confusing to most Buyers?

Points to be noted:

1.  Yes, we are experiencing higher interest rates, polite reminder that housing prices have adjusted as well & lowered therefore there should not be much of a difference in your monthly mortgage payments.

2.  Buyers typically struggle with having to put down a larger down payment, now lower purchase price = a lower down payment.

3.  Savings on your mortgage insurance if you need one. FYI: required on less than 20% down payment.

4.  Land Transfer Taxes will now be lower due to the lower purchase price.

We have a great partnership with reputable lenders that can advise how to set you up for financial success with your home purchase.

CASE STUDYQ1 – 2022           Q3 – 2022
Purchase Price$1,000,000           $750,000
Interest Rate2.50%5.20%
Down Payment            $200,000$150,000
Mortgage Amount$3,160.97$3,294.67  
App. Closing Costs$21,325$16,325

Written by:

Tanya V Fernandes
Owner | Broker

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