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Stress Test Becomes Less Stressful

July 24th, 2019
There has been lots of talk surrounding the mortgage “Stress Test” that took effect January 1, 2018. When the stress test began, the test required that all homebuyers requesting a new mortgage (regardless of putting 20% down) prove that they can actually afford the prime rate set by the Bank of Canada. For uninsured home buyers (those with a down payment of 20% or more) the minimum qualifying ...

Sales & Prices Up, Inventory Slow

July 12th, 2019
Real estate in Toronto is a great investment. Property values remain strong, and demand shows no sign of faltering.

June 2019 saw a total of 5,907 active listings in Toronto, compared with 5,748 last June (up 2.77%). Slightly up, but we honestly thought this would be higher. June 2019 had a total of 3,201 sales, compare with 3,073 in June 2018 (up 4.17%). Again, upward trend. What is more inte ...

RELOCATING TO TORONTO: Helpful Relocation Tips for Summer

July 10th, 2019

No matter the circumstances, moving to a new house or apartment can be overwhelming and stressful. But with proper planning and preparation, you can help make moving to Toronto this summer just a little bit easier for yourself and your family. Summer is the ideal time of year to plan and execute your move for a number of reasons. The warm temperatures make transporting all of your precious ...

Happy Birthday Canada

July 1st, 2019
At MAC Real Estate, “it’s not business… it’s personal”. The success of MAC Real Estate is due to Canada’s freedom and peaceful existence. On July 1st, we celebrate Canada’s birthday.

July 1, 1867 marked the day the British North America Act (now known as the Constitution Act) was enacted. On that day, Canada became its own country, within the British Empire. At the time, there were only three ...

VISIT SERIES: Pinery Provincial Park

June 26th, 2019
New to Toronto? On a Toronto work assignment and want to see the sights? Visiting Toronto and the GTA? The Greater Toronto Area has some spectacular things to see and do. In our “Visit” series, we will focus on some of the great day-trips to take to get to know your new hometown.


Pinery Provincial Park is a beautiful park located on Lake Huron, close to Grand Bend. A total of over 6,000 acres ...

What's Happening Around Town

June 24th, 2019

A Guide to Events Taking Place in Toronto

Courtesy of MAC Real Estate Services Inc.

 
Dear Evan Hansen

Mar. 5 - Jun. 30, 2019

A letter that was never meant to be seen, a lie that was never meant to be told, a life he never dreamed he could have. Evan Hansen is about to get the one thing he’s always wanted: a chance to finally fit in. DEAR EVAN HANSEN is the deeply personal and profound ...

Toronto Growing the Fastest in North America

June 21st, 2019
Toronto is certainly well known these days thanks to the Toronto Raptors (we the north!). In 2018 Toronto was also named the 4th most liveable city in the world (this doesn’t shock us). But a recent statistic has shocked us, in the most positive of ways… Toronto is the fastest growing city in North America! That’s right, fastest in Canada AND the United States.

With a current population of app ...

Mortgage Rates Lowest in Two Years

June 19th, 2019
One of the many factors that impact real estate in Toronto is mortgages. So we were excited to see that mortgage rates in Canada are the lowest since 2017. Are rate cuts coming? Let’s explore:

Looking at interest rates in greater detail, it’s clear we don’t need to fret about the rates. The key interest rate is currently holding at 1.75%, a decision announced by the Bank of Canada on May 29, 2 ...

CONDO CORNER: Condo Registration

June 14th, 2019
If you are interested in buying a condo in Toronto as a first time home buyer or a real estate investor, and are buying pre-construction or an assignment, then “condo registration” is important for you. What is condo registration all about, exactly?

So you bought a condo pre-build. Now that the building is nearing completion and you are able to move into your unit, there is one major thing you ...

VISIT SERIES: Niagara Falls

June 12th, 2019
New to Toronto? On a Toronto work assignment and want to see the sights? Visiting Toronto and the GTA? The Greater Toronto Area has some spectacular things to see and do. In our “Visit” series, we will focus on some of the great day-trips to take to get to know your new hometown.

Niagara Falls is on many people’s bucket list, and is known throughout the world. Featured in many movies, and a po ...
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