Fixed vs Variable

With a healthy spread again between fixed and variable many more are looking again
at the variable as a great option for their mortgage.
Variable mortgages offer great flexibility for clients that want to take advantage of
today’s low rates and pay down their mortgage faster.
Take a look at the two scenarios below – one Fixed and the other Variable (with
variable assuming a .25 increase in prime annually). Although we can’t predict what
will happen with prime, we’ve seen it at a record low for a record amount of time, all
indicators seem to be it will be around for a little while longer.
In the end, the two scenarios look very similar with about a $1500 difference in your
final mortgage balance in favour of the variable.
Is your client savvy with a goal to pay down faster and have flexibility in their budget?
Food for Thought:
· What would the numbers below look like if on the variable mortgage you paid it
 at the 5 year fixed rate payment?
· What would those numbers look like if you utilized your 20/20 privileges?
· Lump sum payment can be made any time throughout the year along with any
 payment in minimum increments of $100
· What if Prime doesn’t change for the first few years? Your saving will be that
 much greater!

Bank of Canada maintains overnight rate target at 1 per cent

Ottawa - 
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economic outlook is broadly consistent with the Bank’s projection in its January Monetary Policy Report (MPR).  Global financial conditions remain stimulative, despite recent volatility. In the United States, the economic expansion is continuing at a gradual pace and private sector demand is gaining momentum. Fiscal drag in the United States over the next two years remains consistent with the Bank’s January projection, although it is likely to be more front-loaded as a result of sequestration cuts.  The recession in Europe continues. Growth in China has improved, while economic activity in some other major emerging economies is expected to benefit from policy stimulus. Commodity prices have remained at historically elevated levels, although persistent transportation bottlenecks are leading to continued discounts for Canadian heavy crude oil.
Canada’s economy grew by 0.6 per cent at annual rates in the fourth quarter of 2012, with solid growth across most domestic components of GDP offset by a sharp reduction in the pace of inventory investment. The Bank expects growth in Canada to pick up through 2013, supported by modest growth in household spending combined with a recovery in exports and solid business investment. With a more constructive evolution of imbalances in the household sector, residential investment is expected to decline further from historically high levels. The Bank expects trend growth in household credit to moderate further, with the debt-to-income ratio stabilizing near current levels. Despite the expected recovery in exports, they are likely to remain below their pre-recession peak until the second half of 2014 owing to restrained foreign demand and ongoing competitiveness challenges, including the persistent strength of the Canadian dollar.
Total CPI inflation has been somewhat more subdued than projected in the January MPR as a result of weaker core inflation and lower mortgage interest costs, which were only partially offset by higher gasoline prices. Low core inflation reflects muted price pressures across a wide range of goods and services, consistent with material excess capacity in the economy. Core and total CPI inflation are expected to remain low in the near term before rising gradually to reach 2 per cent over the projection horizon as the economy returns to full capacity and inflation expectations remain well-anchored.
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate at 1 per cent.  With continued slack in the Canadian economy, the muted outlook for inflation, and the more constructive evolution of imbalances in the household sector, the considerable monetary policy stimulus currently in place will likely remain appropriate for a period of time, after which some modest withdrawal will likely be required, consistent with achieving the 2 per cent inflation target.

Re/Max Realtron Top Agent Spotlight

Top Agent Spotlight – Omid Valinasab Interview with Re/Max Realtron website

Omid Valinasab
What made you get into real estate?
When I was growing up, my parents taught me the importance of investing in real state. Over the years I watched as friends took advantage of investment opportunities and made good profits.  Two years after moving to Canada and working as a Senior System Analyst for AT&T, I used my savings to invest in a home. During the process of purchasing, I realized that my broker was not very informed and that I needed more knowledge to protect my interests.

Why did you choose Realtron?
I was number one agent in my previous office for a couple of years. While it was gratifying for my ego, it took away my motivation.  I realized that to reach my full potential, I needed to be next to top agents in the industry and not only become more motivated, but also have the opportunity to learn from them. Realtron was the place to be.

What do you like about the business?
The way I look at being a real estate agent is being someone who can help others to achieve their goals, assist in buying their dream home and facilitate one of the biggest steps they take in their lives. Most of my clients are my friends or people who have been referred to me by my friends.  I do not act as a salesman but someone who helps friends.  It’s very satisfying to know that I have earned their respect enough for them to refer me and to come to me for help.

What has worked well and what’s next?
My business network, including the builders and investors is indispensable to me, and Realtron has an excellent forum where agents can recommend various services or suppliers from whom they have received great service. Realtron’s Smart Phone Apps are a great tool that the company makes available to my clients, as this is a main tool for buyers and sellers these days. Realtron’s Appointment center is a great! It allows my listings to be more accessible to buyers without me wasting my time playing secretary! I am also working with Realtron’s Technology expert to make sure I market myself fully and open up new avenues of attracting clients.

What is the major secret of your success?
The secret to success is trying to help, not to sell. You need to under-promise and over-deliver. You MUST be up-to-date on the real estate industry and continue to educate yourself on all aspects of the business in order to deliver the most to your clients.


Barb Raber, Omid’s manager, is impressed with his desire for excellence and his hunger for self- improvement. “With his attitude and desire, there is no stopping Omid from becoming one of the best agents in the Industry.”

Getting the Advantage Over Other Homebuyers


Its January, the real estate market is supposed be slow, BUT it’s not! Well-priced properties are selling and selling fast.
If you’re in the market for a house this spring, my recommendation is to move up your timeframe and purchase now, before more buyers enter the market and increase the competition for available homes.
Here are a few other steps you should take to give yourself an advantage over other homebuyers.
1. Not all real estate agents are created equal.
Some sell 3 houses a year, some 30. Some are part-timers, holding down other jobs. Interview several agents until you find the one that you like, trust and who is experienced, committed and available to help you find the home right for you. If you are planning to buy in 2013, start looking for an agent now. You do not want to get the wrong agent because you walked in to an open house and got excited.
2. Not all real estate companies are created equal.
There is a great difference between a Mercedes and a Kia. Real estate companies differ in many ways, offering different services that benefit buyers and sellers. Unlike cars, real estate companies generally charge similar fees. The company your agent works with makes a difference!
3. Get pre-approved for your mortgage.
If you do not have a banker, this is the first step your agent will help you with, recommending several lenders you can deal with. They will help you calculate your available down payment (taking into account closing costs), your maximum loan amount and what monthly payments you would be comfortable with. This gives you three great advantages. One, you will know what price range to look in. Two, it shows sellers you are serious and ready to buy when you make your offer. Three, if in competition against other buyers, sellers will tend to accept the “firm” offer over those that need time to find financing.
4. Be Ready!
Good properties sell quickly. Your agent will be looking for homes suitable for you constantly throughout the day and every day! When the right house comes up, you must be ready to see it and be ready to put in an offer right away if it’s the right house. This is why you need a full time agent committed to you!
5. Shop for a home not decorating.
Do not be put off by paint or wallpaper or broadloom or even old bathroom fixtures. The truly important factors, schools, shopping, location, lot size and basic floor- plan are things that you won’t be able to change. Don’t let a poor paint job deter you from buying the right home for you and your family
6. Trust your agent.
If you trust your agent, listen to their recommendations about how much to offer on a home, what extras to ask for and how quickly to act. If you do not trust your agent… get another agent!
Good luck with your house hunting!
Alex Pilarski
Broker of Record
Re/Max Realtron Realty Inc. 

Ten York by Tridel - Downtown Toronto

Life. Between the lake and the stars. Rise above it all in the most prominent location in the city.
Chic, timeless, sophisticated. TEN YORK is a glass vision in the sky designed by award-winning architect Rudy Wallman of Wallman Architects, creators of some of the most striking urban designs in the city. Signature designer suites by the ultra stylish design firm II BY IV Design Associates captivate with their imagination, elegance and timeless designs. The finest of features and finishes in the spacious suites will appeal to even the most discerning owners. An abundance of luxurious amenities make TEN YORK a charmed world unto itself. Prominently at the entrance to the city overlooking Lake Ontario. Key attractions are mere steps away – the Air Canada Centre, Maple Leaf Square, Rogers Centre and Harbourfront, with direct highway access to all parts of the city.
Contact Omid today to receive further updates on Ten York Condo and be placed on an exclusive list to preview before anybody else.

Source: Ten York Condo

101 Erskine Condo Brochur and Price list is available

You can be the first to have access to the price list of Tridel latest project. You can simply go to this dedicated website and have access to all the info without signing any contract with any real estate agent.


101 Erskine dedicated website


101 Erskine Price list

Summer Maintenance Schedule

Canada is expected to have a warmer than normal summer in 2012, which bodes well for sun lovers. It's an ideal time to get out and enjoy the beautiful weather or to cool off indoors. Whatever your preference, make sure you also take the time to do some routine home maintenance. Home Interior •Check your air conditioning unit to make sure your filters are cleaned or replaced. You'll most likely want to do this before the weather gets too hot so your air conditioner is ready when you need it. •Tighten the screws and dust the blades on your ceiling fan. •Deep clean your carpets and rugs. •Check pipes for condensation and leakage. Home Exterior and Garage •Check your sidings and trims to see if they're deteriorated. Replace them if necessary. •Wash the exterior of your home and windows. A garden hose is your best choice. Pressure washers may strip the paint so be careful if you decide to go this route. •Lubricate your garage door as well as the motor, chain and other moving parts. •Examine your roof to ensure it's not sagging and replace shingles if necessary. A sagging roof could mean more serious structural problems. If you see signs, make sure you speak with a professional roofer. •Fix any broken steps or landings to ensure no one trips or falls around your home. Driveway and Landscaping •Inspect your driveway and walkways for cracks and holes, and repair them. Asphalt paving is still the most affordable option for driveways. Poured concrete or paving stones are also options. Like most things, there are pros and cons to using any material. Do your homework before you decide what material is best for you. •Water your garden and lawn in the morning to allow the soil to absorb water throughout the day. Water usage tends to almost double in the summer months, putting stress on the water supplies. Many municipalities will have water restrictions in place to help manage water use during the dry, hot months. Check with your municipal government to see what restrictions, if any, are in place. Regular maintenance is a great way to prevent common and costly problems in your home. It also keeps your home, not only looking great, but a healthy place that can be enjoyed by your whole family.