Jesse Sklar Greater Property Group

08/16/2023

Lowest fixed and variable mortgage rates in Canada for August 3 2023
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This week, the lowest available mortgage rates on fixed and variable terms and HELOCs did not change much, except for a five basis point increase in the lowest nationally advertised one-year and five-year insured rates. A surge in U.S. Treasury supply, linked to the Fitch U.S. debt downgrade, is exp...

08/09/2023

Another interest rate increase hurts home owners, businesses
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Kelowna-Lake Country MP Tracy Gray has reported on the 10th consecutive increase in Canada's benchmark interest rate to 5%, the highest rate since March 2001. This has been difficult news for local mortgage holders and small business owners, who have already been struggling with the ripple effects o...

08/01/2023

THOMAS: Calgary sets second consecutive record month for home sales
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Calgary's housing market saw the second record month in a row for sales in June, reaching 3,146 homes sold, up slightly from 3,120 sales in May. Ann-Marie Lurie, chief economist at the Calgary Real Estate Board (CREB), says that the demand for housing remains robust, bolstered by a healthy labour ma...

07/24/2023

Warning for REIT Investors

Jesse Sklar is a real estate agent with Greater Property Group. Check out Jesse Sklar's listings or office listings.

07/15/2023

Explainer-How risky is it to extend Canadian mortgage amortizations?
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The Bank of Canada's rapid interest rate hikes have caused the repayment period for many variable rate mortgages to extend to over 30 years, in order to protect households from higher borrowing costs but increasing their debt loads. This has caused more than 20% of the mortgage portfolio of the big....

07/09/2023

A guide to the mortgage market in Canada
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The mortgage market in Canada appears to be resilient despite Bank of Canada interest rate hikes, with home prices increasing by 8% on average in May in Toronto and 7% in Vancouver. Analysis by Reuters showed a 17% year-to-date increase in Canadian home prices, with predictions of a 9% fall in 2021....

06/27/2023

Find out if it's time to sell your home
How much is your home worth? Type your property address and get a quick home estimate.

How much is your home worth? Type your property address and get a quick home estimate.

06/19/2023

Considerations for Selling Apartment Buildings in 2023

06/18/2023

What are mortgage agents keeping top of mind in the current market?
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Stefan McMillan of Mortgage Alliance in Toronto is helping clients navigate the challenging mortgage landscape with rates spiking in the last 15 months. He is advising clients to renegotiate their renewals to reduce payments and waive fees, leading to an increase in purchase and preapproval business...