Toly the Realtor

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Vancouver, BC
Toly the Realtor

First-time home buyers expert. I have great passion for helping people achieve their personal & financial real estate goals.

08/07/2024

🛠️ Ever heard the term “lien” and wondered what it means? In our latest Real Estate ABC series post, we’re breaking down this important concept! A lien is a legal claim on a property, often used to secure a debt. Before buying or selling a property, it’s crucial to understand any liens that might be attached. Want to know how to check for liens on a property? Swipe through our slides to find out! 👇

08/03/2024

Grateful beyond words for the incredible clients we’ve had the pleasure of working with this summer! 🌟 Your trust in our expertise, whether buying your dream home or selling your property, means the world to us. Each successful result is a testament to our shared commitment and teamwork. Here’s to more happy home adventures ahead! 🏡✨

If you need professional advice, don’t hesitate to reach out—we’re here to help! 📞

07/24/2024

9 things you need to know about the interest rate cut:

1. 🏠 This is further relief for those who currently have variable rate mortgages. The announcement directly impacts variable rates and lines of credit – they will go down by 0.25%. 📉

2. 📉 Fixed rates will NOT go down by 0.25% today based on this announcement. However, they have been heading downward in general. 📉

3. 📈 Fixed rates are based on bond yields which have been trending downward. If they continue to drop or remain lower, then we may see fixed rates come down more in the coming weeks. 📉📈

4. 🌞 While the news today will bring optimism to the market and that rates may continue to drop, it’s still fixed rates that most borrowers are choosing. 📉

5. 🏦 Fixed rates are still lower than variable rates even after today’s drop. 💲

6. 📉 For those that currently have an adjustable-rate mortgage (only Scotia of the big banks), the decrease will see payments drop by about $15/mo for every $100,000 owing. Those with a HELOC will also see the 0.25% increase in rate. Example: if their balance is $650,000, the payment will decrease $15 x 6.5 = $97.50/mo or $48.75 if paying bi-weekly. 💲📉

7. 🏦 Not all lenders will auto-decrease the payment. The Big 6 banks (and some credit unions) aside from Scotia all have a set payment variable - they will not auto-decrease. The payment will remain the same, but more of it will go to principal and less to interest. On exception, a client could talk to their lender to see if they will allow a payment adjustment. 🏦

8. 🏦 Lenders will shortly make announcements to their updated prime rates. Payment changes (for lenders that are adjustable) usually happen within the next couple scheduled payments. 🏦

9. 📅 The next rate announcement will be on September 4, 2024 followed by October 23rd, and December 11th to round out the year. Many economists are predicting another 1-2 drops this year. 📉

Thank you for the announcement breakdown

07/10/2024

Restrictive Covenants are agreements that set specific limitations on how you can use your property. They can regulate everything from the height of your house 🏠 to the color of your roof 🎨, and can even restrict renting out your home. These covenants are legally binding, stay with the land (not the owners), and can lead to penalties if not followed. It’s crucial to uncover any restrictive covenants through a title search before buying a property to ensure there are no surprises down the line. Knowing these rules helps protect your investment and maintains community standards.

Comment what other terms & jargon should we explain next?

07/01/2024

Today, I celebrate this incredible country that welcomed me & my family as immigrants back in 2006, giving us a new home & endless opportunities 🏠 I proudly became a Canadian citizen in 2011 & have had the honor of representing Canada in multiple international competitions 🏆 One of my proudest moments was being part of the gold-winning Team Canada at the 2008 world ultimate championships on the home soil 🥏🥇 Grateful every day to call Canada & Vancouver my home 🇨🇦

As we celebrate, let’s remember and honor the land we are on, home to many First Nations. We must acknowledge that we are settlers here and pay tribute to the rich heritage and history of the Indigenous peoples.

06/26/2024

Ever wondered what “subjects” mean in real estate? 🤔 Subjects are conditions or clauses in an offer that must be met for the sale to go through, acting as essential safeguards for both buyers and sellers. They help ensure that all necessary requirements are satisfied before fully committing to a transaction, giving everyone peace of mind. 🏠💼

06/05/2024

1. After 7 Straight cycles at 5.00% 📈, the BOC Finally read the data 📊 and dropped the overnight rate by 25% to 4.75% 📉. This is a big sign that Bank of Canada has seen inflation dip enough to lower rates 🏦.

2. Economists are now predicting a total of 8 rate drops or 2% by mid-2026 🔮.

3. The decision to cut rates was supported by poor economic data 📉, zero GDP growth 🚫📈, and overall signs of a recession 📉.

4. What does this mean for YOU, the consumer:

If you have a fixed rate, nothing! 😐
If you have a variable rate, rejoice! 🎉 You will see your interest decrease 📉.
Your payment will also decrease if you have an adjustable rate 💸.
If you have a line of credit, you can also expect your interest and payments to decline 📉.

5. How will this affect the market:

Home prices may rise, especially in strong regions like Toronto & Vancouver🏡.
Lenders may offer early renewals with better terms 📜.
Possible easier mortgage qualification could increase demand and purchasing power 🏦.
Longer turnaround times for mortgage approvals are expected due to increased volume ⏳.
More investors are likely drawn to real estate opportunities 🏢.

Mortgage specialists we recommend to our clients:

wood
Follow them for the latest news & financial eduction

ancouverrealestate

05/28/2024

Over the moon with this fantastic review from a recent client! 🌙✨ Seeing the smiles when people find their perfect home is priceless. I work hard to make those moments happen, and your satisfaction means the world to me! 🏡🙏😊

Full Google review ⭐️⭐️⭐️⭐️⭐️:
Toly exceeded every expectation we had around working with a realtor. He is extremely knowledgeable about the Vancouver metro area, the neighbourhoods, trends, codes, and the like. He also has a keen eye for good design and can pinpoint all the pros and cons of a property quickly. Throughout the process, he was always on top of things and happy to accommodate our schedule for viewings. He helped us navigate everything, from day 0 to possession and beyond, making great recommendations around lawyers, inspectors, and even contractors when we wanted to change a few things.
Most importantly, Toly is a really good human who made us feel comfortable with every question we had and was incredibly attentive. He was recommended to us and we can totally understand why. We will be recommending him ourselves now and we look forward to working together again in the future.

05/16/2024

Canadian Mortgage & Housing Corporation (CMHC) reached out to nearly 4,000 mortgage consumers across Canada to find out what they’re thinking when it comes to their mortgage.
📊 The survey explores the behaviours, attitudes and expectations of homebuyers, mortgage refinancers and renewers. 📈 The results from the 2024 Survey reveal that the market has stayed relatively stable since 2023.

Thank you for sharing the survey results & the highlights
💼 🇨🇦

04/17/2024

Our brand & our mission statement is a reflection of who we are & how we would expect to be treated. At the end of the day we want you to feel like we’ve had your back throughout the entire process.
We don’t push, we advise and provide information, that’s it. This approach to our business is how we’ve developed friendships and meaningful connections within our community. We have your back.

Thank you for reading!

Team Toly & Josie .ca
Your Local Realtors

04/11/2024

🏡 Welcome to Whitney Place in Champlain Heights! 🌳 Nestled within walking distance to River District, this charming home has it all: location, comfort, and style. 😍 Don’t miss out on the chance to make this your dream abode!

3 3582 Whitney Place, Vancouver East
$835,000
3 bed 2bath
1,408sqft
Leasehold Prepaid Strata.
Lease until 2094

OPEN HOUSE
Apr 13/14 12-2pm
or DM us for a private viewing
ca
We work hard & we are nice to people! 🎉

02/21/2024

Welcome to Macdonald House in the heart of Mount Pleasant. 🏡 This 2 bed & 1.5 bath is a rare gem 💎 in that it features TONS of storage & south facing outdoor space 🌞 that feels like your own private yard. Flooded with natural light ☀️, upgrades throughout the unit & large bedrooms 🛏️. Location cannot be beat, walking distance to Main Street, Broadway, parks 🌳, shopping 🛍️, schools 🏫 etc.

: $795,000

You can come see it for yourself:
🗓️ Thursday February 22nd from 5-6pm
🗓️ Saturday 24th/Sunday 25th 1pm-3pm.

We look forward to showing you this beautiful unit. 😊

Address

Vancouver, BC

Telephone

+17789902318

Website

http://toly.ca/

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