Muhammad Paracha

08/07/2021

For all my existing followers, please follow me on my new page: https://www.facebook.com/Team-Paracha-135205285364866

Our mission is to serve our clients with the highest care. We make buying, selling and leasing of homes easy and stress free. Together we will make it happen

07/08/2021

CMHC loosens mortgage insurance rules:
1. Borrowers need a minimum credit score of 600 instead of 680 to qualify
2. Borrower’s gross debt service ratio can be as high as 39% instead of 35%
3. Borrower’s total debt service ratio can reach 44% instead of 42%.

Canada Mortgage and Housing Corp. is easing its underwriting criteria for mortgage loan insurance after changes it made last year were not effective and caused it to lose market share.

07/08/2021

Toronto Moving Forward with Vacant Home Tax

News Release July 6, 2021 City Council’s Executive Committee has approved City of Toronto staff’s tax design and implementation plan to introduce a new tax on vacant Toronto homes starting in 2022. The goal of the tax is to change the behaviours of vacant home homeowners, encouraging them to sel...

01/17/2021

Thinking of buying or selling in 2021, get in touch with me today and together we will make it happen!

Source: TREB Market Reports

01/17/2021

https://www.thestar.com/business/2021/01/15/home-sales-hit-record-in-2020-canadian-real-estate-association-reports.html

Home sales in December hit an all-time record for the month to end what was also a record year, the Canadian Real Estate Association said Friday.

08/07/2019

Listed for Sale - 1637 Gowling Terrace - $740,900

Extensively renovated, bright And sunny Stanford model with over 2300 sq ft of living space on a premium corner lot. Open concept eat-in kitchen with walkout to composite deck (built in 2017) overlooking a beautiful garden in private backyard which backs onto green space and pond. Spacious living and dining area with new installed pot lights. Master bedroom features an en-suite bathroom with soaker tub and a walk-in closet. The 2nd And 3rd bedroom is separated by jack and jill bathroom. Laundry is located on 2nd floor for convenience. Basement is professionally finished (in 2018) with a powder room, office and living space (can be converted to a bedroom). Home has wrap around Porch with front and rear interlock completed in 2019. Roof was replaced in 2016. Rare 15 hour street parking. Close To hwys, schools, library and grocery stores.

03/10/2018

Listed for sale - 54 Vanderbrink Dr, Brampton - $829,999 (NEW PRICE)!

Premium Corner!! Well maintained detached house in desirable high demanding area of Brampton located by the park. Bright 4 bdrm home with two car garage and main flr laundry with garage access. Master bdrm with 5Pc ensuite. Formal living and dining room, beautiful kitchen with S/S appliances and w/o to private yard. Hardwood thru-out the house except for master bdrm. Walkout to covered Balcony. Close To Schools, park, new hospital. This is a MUST see home!!

Virtual tour: http://tourwizard.net/56675/nb/
YouTube: https://www.youtube.com/watch?v=myLNWx8FXL8&feature=youtu.be

Contact me for more details

03/07/2018

Recent TREB stats indicate that sales in February 2018 were 34.9% down compared to February 2017 and prices were 12.4% down.

Despite a 12.4 per cent decline in the average price of a resale home in February from the previous year, the average was still above 2016 levels, the Toronto Real Estate Board said.

06/06/2017

Average price of a home has dropped 6% in May 2017. With 20.3% drop in sales and more than 42.9% active properties available for sales in GTA compared to a year ago, it is now a buyer's market.

Now is the time to buy! If you are looking to buy or invest, call me and let's work together to buy your dream home.

*** Incentives available for both buyers and sellers ***

The Toronto housing market is finally starting to show some strain as active listings soared in May and prices dropped sharply from April

12/24/2016

1247 Redbank Crescent, Oakville - Now listed for sale!

A gorgeous 3 bedroom 3 bath townhome renovated top to bottom in 2013 in a great location. It is close to top rated schools, Sheridan college, transit, shopping, lush golf club and QEW. The home has updated kitchen with S/S appliances, ceramic floor and backsplash. The house has hardwood floors on main and 2nd floor with crown moulding on the main floor. 2nd floor bath has granite countertop + large soaker tub. It has a finished basement with large recreational room, one other bedroom and a 3 piece bathroom. The home was painted 3 months ago and is in neat and clean condition. A walkout to a private fenced patio-yard and two parking spaces. This home hold's a promise to serve your needs in years to come! A great buy for first-time home buyers and investors.

Contact me for more details.

11/15/2016

Information on changes to Land Transfer Tax Rebate for first time homebuyers

Tax break for eligible purchasers is being doubled from $2,000. This means first-time home buyers won't pay any land transfer tax on the first $368,000 effective January 1, 2017. To fund the break, the land transfer tax rates on houses that cost more than $2 million will rise from 2% to 2.5% for every dollar above the price.

The Ontario government is moving to double the maximum tax rebate offered to first-time homebuyers, while boosting the land-transfer tax on house purchases above $2 million.

10/27/2016

Based on year over year comparison of townhouses, semi-detached and detached homes in Milton, semi-detached has increased the most. On average, a semi-detached home increased in value by $343.20 each day. Comparatively, a detached home increased by $286.28 each day and a townhouse increased by $278.03 each day.

Need a free home evaluation? Contact me.