Rahul Arora, Realtor

02/04/2015

If you’re buying your first home now in the next 90 days, let’s talk. The Federal Home Buyers’ Program (HBP) and a tax refund can boost the funds you have available for your purchase

01/23/2015

Early reaction from the banks means mortgage rates are not decreasing anytime soon...

http://www.cbc.ca/news/business/bank-of-canada-interest-rate-cut-at-least-1-bank-won-t-lend-for-less-1.2927894

Canadians have been left wondering whether they'll enjoy lower rates on mortgages and other loans in the aftermath of a surprise interest rate cut by the Bank of Canada on Wednesday.

09/15/2014

Updated mortgage rates for Sep 15.

07/02/2014

Another listing...this one has just been renovated and is ready to move-in....http://beta.realtor.ca/propertyDetails.aspx?PropertyId=14617498

Guided by your local REALTOR®, find your next home here. Search for properties for sale and rent across Canada. Accurate and current listings in your neighbourhood

07/02/2014

Here's the full virtual tour for the townhome at Yonge-Sheppard. Just beautiful...http://goo.gl/gAU1gG

07/02/2014

Here's our newest listing. It's a beautiful and modern townhome at Yonge-Sheppard.

http://www.rahularora.com/idx/C2955630/Toronto/9-oakburn-cres.html

Modern, Tridel-Built Townhome In Yonge-Sheppard Village. This Professionally-Decorated Unit Has It All For The Discerning Buyer. Espresso Wood Flrs, Premium Kit Cabinetry, High-Grade Granite, Almost-Brand New S/S Appl & Breakfast Bar. Mbdrm On 2nd Lvl Feat. Luxurious Spa-Like Bath W/ Double Vanities…

05/07/2014

No surprise here:
http://goo.gl/Beu4P7

The average price of a Toronto home climbed by 10.1 per cent in April 2014 to $577,898, with both condominium and detached homes sales springing back from low levels a year ago.

05/07/2014

Today's Question: What the heck is a "Collateral Charge Mortgage"?

A “collateral charge mortgage” is a product offered by several Canadian banks. Here’s how it works: the bank registers the mortgage for more than the value of the home on the day of closing. The benefit is that it can be easier to tap into your equity later. However, it also has the effect of locking you in to the lender and making it more difficult to refinance if you see a better rate.

05/01/2014

If you've been following the Toronto market, here are some less-than-surprising stats from the Toronto Real Estate Board

04/29/2014

72 offers and 195% of the asking price, huh? Demand clearly outstripping supply.
http://goo.gl/k9Sbh7

Spring real estate market has sprung: House goes for $1.3 million — almost double its $699,000 list price

04/28/2014

New Mortgage rules are going into effect on May 1. Here's a summary:

The Canadian Mortgage and Housing Corporation (CMHC) will be ending two of its insurance programs, signalling the era of rule tightening is not over. Effective May 30th, 2014, it will no longer insure second homes and self-employed individuals who do not have third party income validation.

Also, premiums are increasing for insured mortgages, effective May 1st, 2014, as follows:

Up to 85% LTV increase is from 1.75% to 1.80%
Up to 90% LTV increase is from 2.00% to 2.40%
Up to 95% LTV increase is from 2.75% to 3.15%

04/25/2014

Anyone looking for an 18,000 sq ft house? Call me :)

http://goo.gl/xV0dUz

Mystery buyer who paid $6.2 million for half-price custom home now can't close deal