Michael Antczak | Real Estate Sales Representative Serving Vaughan, Kleinburg | RE/MAX Premier Inc., Brokerage | Real Estate Mike for All Your Real Estate Needs

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GTA housing prices to increase 6.8% next year, but investors can still capitalize

12/13/2017 | Posted in GTA Real Estate by Michael Antczak

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A new report estimates housing prices in the Greater Toronto Area will increase 6.8% next year, but investors can get ahead of rising costs by buying early.

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In 2018, these homes will sell the fastest

12/8/2017 | Posted in Ontario Real Estate by Michael Antczak

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With reduced buying power, house hunters will scoop these properties up

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Bank of Canada announces rate

12/6/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada stuck with its trend-setting interest rate, but it offered fresh, yet cautious, warnings to Canadians that increases are likely on the way.

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Marijuana legalization's effect on real estate in Canada

11/26/2017 | Posted in Real Estate News by Michael Antczak

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Real estate agents want to know if you've grown pot in your home.

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OSFI rule changes may lead to spike in reverse mortgages

11/14/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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With the expectation that first-time homebuyers will be shuttered out of the housing market, thereby reducing the number of people to whom seniors can sell their homes, reverse ... More


Why condos are more expensive than houses in the Greater Toronto Area

11/11/2017 | Posted in Home Buyers by Michael Antczak

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Did you know that it’s actually less expensive to buy a home compared to a condo.

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Bank of Canada holds rate, suggests more hikes likely at more cautious pace

10/25/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The Bank of Canada left its benchmark interest rate unchanged Wednesday following two straight hikes but suggested future increases are still likely, albeit at a more gradual ... More


Stress test to hit 'move-up' home buyers the hardest

10/20/2017 | Posted in Home Buyers by Michael Antczak

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The newest set of mortgage restrictions announced by the OSFI will hit home buyers looking to upgrade to new properties the hardest, according to BMO financial group chief ... More


OSFI says stress test, lending rule changes will start Jan 1, 2018 - Industry Reactions

10/18/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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OSFI has published its update for the tightening of mortgage lending regulations known as Guideline B-20 and set the date that it will apply. 

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Proposed mortgage stress test unnecessary and harmful: Fraser Institute

10/11/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday.

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Mortgage carrying costs for new buyers to increase by 8% in 2018

10/10/2017 | Posted in Home Buyers by Michael Antczak

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Amid steadily rising mortgage costs, prospective home buyers should brace themselves for a less friendly purchasing environment in a few months’ time, although current ... More


CMHC explores cutting red tape for self employed borrowers

10/2/2017 | Posted in Home Buyers by Michael Antczak

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The national housing agency is exploring ways to make it easier for entrepreneurs and new immigrants to buy a home by cutting some of the red tape required to prove they can ... More


Emotions drive Canadian homebuyers to smash their budgets

9/29/2017 | Posted in Home Buyers by Michael Antczak

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Sixty percent of Canadian homebuyers would exceed their budget to buy a home with more than half willing to smash it by $50K!

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Buyers to face even greater hurdles

9/19/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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Last year’s mortgage rule changes placed roadblocks in front of millions of would-be buyers, but increased rates and future regulatory action may prove even more ... More


Canadian home sales edge up in August

9/15/2017 | Posted in Real Estate Market by Michael Antczak

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According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a small gain in August 2017.

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Consumers Rush to Lock in Mortgage Rates ahead of Bank of Canada Rate Hikes

9/12/2017 | Posted in Mortgage News by Michael Antczak

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The number of Canadians who applied for a fixed-rate mortgage in August saw a substantial spike, with 59.31% of users on the LowestRates.ca website opting for a fixed-rate ... More


Banks quickly follow BoC with rate hikes

9/7/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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Canada’s big banks were quick to announce increases to their prime lending rates to 3.2% Wednesday.

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BoC interest rate hike drags on weakening Toronto real estate

9/6/2017 | Posted in Toronto Real Estate by Michael Antczak

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A second interest-rate increase announced Wednesday by the Bank of Canada will add further drag to Toronto's real estate sector, which has seen home sales fall steadily for ... More


Why you should buy up right now in the GTA

9/6/2017 | Posted in Home Buyers by Michael Antczak

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Is upgrading your home a serious thought? This might be the perfect time to buy up in the GTA.

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GTA will face tough housing decisions amid intensification

9/5/2017 | Posted in GTA Real Estate by Michael Antczak

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If you’re in the market for a new home and think you’ll get a better deal if you just wait for prices to come down, you may want to think again.

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Odds of a rate hike just went up as Canada's growth wows economists

9/1/2017 | Posted in Mortgage Interest Rates by Michael Antczak

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The economy is growing at the fastest pace in 15 years and that has some analysts changing their calls for a Bank of Canada hike from October to next week.

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Tips for buying a new construction home

8/27/2017 | Posted in Home Buyers by Michael Antczak

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Buying from plans requires careful attention and some people find it hard to visualize a room’s size strictly from written measurements, so bring a tape measure.

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GTA sellers face a refresher course in economics

8/25/2017 | Posted in GTA Real Estate by Michael Antczak

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The basic lesson: A property is worth what a buyer is willing to pay

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Buyers work around mortgage stress test

8/22/2017 | Posted in Home Buyers by Michael Antczak

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A new report reveals Canadian sentiment about homebuying in Canada – including just how impactful the stress test might be.

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Mortgage rule changes are cooling housing market: Morneau

8/22/2017 | Posted in Mortgages and Real Estate by Michael Antczak

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Finance Minister Bill Morneau says last October’s sweeping mortgage rule changes aimed at cooling Canada’s housing market have successfully dampened high-risk ... More


The truth behind GTA home prices

8/21/2017 | Posted in GTA Real Estate by Michael Antczak

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Cause and effect; supply and demand – the reasons for record-high new home prices in the GTA are a matter of government actions and simple economics.

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Mortgage rate outlook

8/20/2017 | Posted in Mortgage Interest Rates by Michael Antczak

mortgage-rates---interest-rates-48.jpg - Real Estate News Mortgage rates are going up, according to a panel of experts. ... More


Canadian homebuyer power has doubled since the millennium

8/18/2017 | Posted in Home Buyers by Michael Antczak

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A prolonged regime of low-interest rates along with a steady trend of rising incomes have more than doubled the amount that Canadians are able ... More


Homebuyers willing to sacrifice indoor space for outdoors

8/17/2017 | Posted in Home Buyers by Michael Antczak

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Outdoor living is becoming increasingly popular and a new poll shows that homebuyers are willing to have less indoor space if that means more room outside.

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