Henry Timmins Real Estate

05/27/2024

If you’re retired on a pension living in a small home, that’s probably worth $1,000,000 to $1,500,000 and not really living much of a life. I suggest making it change whether it’s Dominican Republic or Romania or the Yucatán or Croatia it will be a lot less expensive to live there and you could live a much better life. I just happened to like Dominican Republic.

05/24/2024

https://www.compareschoolrankings.org/
This is a link to all the school rankings in Ontario. You’re welcome.

11/26/2023

Maybe it’s time

4753 likes, 576 comments. “A supposed dream home for a Toronto family turns into a nightmare as the monthly cost of the mortgage skyrockets.”

11/12/2023

Doing the local ski hill Earl Bales , a serious stairmaster. Getting ready for Tremblant season opener with my Ellen and Oscar .

10/05/2023

https://vm.tiktok.com/ZMjuesBMk/
I’m addressing those retired home owners who find themselves in a difficult budgeting situation. There is an option.

7225 likes, 841 comments. “oh, I took my sailboat here several years ago and when I come here I live on my boat. It’s quite comfortable. It’s like having a house on the water. I would be so pleased to show you around. Try to avoid the five store all inclusive if you were to come and visit. You...

03/31/2023

Greatest night ever

02/25/2023

https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/

Things are about to get worse for Canadian real estate, according to a credit rating giant. Fitch Ratings dropped its latest analysis to clients on risk in the mortgage bond market. The agency’s analysis shows high flying global real estate prices are likely to correct, with Canada expected to exp...

02/25/2023

https://betterdwelling.com/canadian-real-estate-price-correction-to-be-one-of-the-largest-in-the-world-fitch/
I sold my house a year ago and didn’t buy. I practice what I preach.
It’s not too late for you.

Things are about to get worse for Canadian real estate, according to a credit rating giant. Fitch Ratings dropped its latest analysis to clients on risk in the mortgage bond market. The agency’s analysis shows high flying global real estate prices are likely to correct, with Canada expected to exp...

11/16/2022

US house prices could drop as much as 20% in the wake of the surge in mortgage rates, according to research from the Dallas Fed.
And we are the big dog’s tail.
You can sell and not buy. Rent for a spell.

08/22/2022

I am hopeful that we end up with a real marina which means inclusive of haulout facilities for the yachts in the fall.
My boat is no longer there.

City of Mississauga officials are again reaching out to the public for input into plans for a new, full-service and modern marina to be built in Port Credit. In the midst of completing a provincially-mandated environmental assessment (EA) before more specific details about the $75-million (estimated...

04/20/2022

Check out the amazing statistics from Teranet and The National Bank.

In April the Teranet–National Bank National Composite House Price Index™ was up 1.3% from the previous month. As in February and March, that was double the average gain of the last 10 Aprils. Leading the countrywide average rise were the metropolitan markets of Ottawa-Gatineau (2.4%), Toronto (2...

03/31/2022

I have clients who are selling or sold and will rent and will take the proceeds and invest in mortgages at new higher rates. Higher interest rates will likely depress real estate market values substantially.
Gold too.

When the Bank of Canada raised its benchmark interest rate for the first time in two years earlier this month, it sent an unmistakable message to borrowers that the era of cheap money was coming to an end. Now some economists and bank watchers are starting to think the pace and size of those rate hi...