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

Home Owners News and Articles | My Blog

GTA sellers face a refresher course in economics

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

handing-over-keys-to-home-buyers-124.jpg - Real Estate News

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

... More


Refinancing is driver of new loans growth: CMHC

8/9/2017 | Posted in Mortgage News by Michael Antczak

contract-real-estate-mortgage-102.jpg - Real Estate News

The number of new mortgages continued higher in 2016 but the share of first-time buyers slipped, CMHC says. The crown corporation reports that there were just over 1 ... More


If you haven't disclosed your home's rental suite, you may be breaking the law

8/6/2017 | Posted in Home Owners by Michael Antczak

house-for-rent-87.jpg - Real Estate News

A rental suite is a great way to help homeowners meet their mortgage payments at a time when home prices are creeping ever upward in some parts of Canada.

... More


Homeowners worried over rate hike advised to lock in mortgages - experts

6/22/2017 | Posted in Mortgages and Real Estate by Michael Antczak

mortgage-cloud-44.jpg - Real Estate News

Homeowners with variable rate mortgages losing sleep over the increased chatter about a potential interest rate hike by the Bank of Canada should consider locking their rates ... More


Why consumers should be wary of using the wildly popular home equity lines of credit as ATMs

6/9/2017 | Posted in Financial Health by Michael Antczak

contract-real-estate-mortgage-102.jpg - Real Estate News

A federal agency is warning consumers addicted to home equity lines of credit — a product increasingly driving debt — could find themselves at increased risk ... More


More Canadian homeowners will renovate this year, but spend less to spruce up their space: CIBC Poll

5/30/2017 | Posted in Home Maintenance by Michael Antczak

home-maintenance--repairs-99.jpg - Real Estate News

With average household debt and housing prices at record highs across Canada, a new poll by CIBC finds that a growing number of Canadian homeowners (48 per cent) are choosing ... More


A 10% hike to mortgage payments would sink almost 3 quarters of homeowners, Manulife says

5/25/2017 | Posted in Financial Health by Michael Antczak

debt-stress-frustration-98.jpg - Real Estate News

Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from ... More


Obsession with home ownership driving Toronto affordability crisis, report finds

5/23/2017 | Posted in Toronto Real Estate by Michael Antczak

home-buyers---client-handshake-130.jpg - Real Estate News

The Toronto area will need up to $150 billion in new home construction in the coming decade and most of that should be rental units, says a report from the Canadian Centre for ... More


Income volatility for 10 million Canadians: TD Bank Report

5/18/2017 | Posted in Financial Health by Michael Antczak

debt-stress-frustration-98.jpg - Real Estate News

Around 10 million Canadians say they have experienced moderate to high levels of income volatility in the past year.

... More


Buyer's remorse: Most millennial homeowners are house poor and want to sell

4/24/2017 | Posted in Home Buyers by Michael Antczak

debt-stress-frustration-98.jpg - Real Estate News

Many millennials face the understandable apprehension that they may never be able to afford a home in a market that’s continually surging to new heights.

... More


Single Canadians make up a quarter of homebuyers

4/13/2017 | Posted in Home Buyers by Michael Antczak

home-buyer-search-126.jpg - Real Estate News

Almost 1 in 4 homebuyers is buying on their own, often due to unexpected life changes. A new survey from TD found that 69 per cent of divorced and 35 per cent of widowed ... More


Regulator launches broker database

4/4/2017 | Posted in Home Buyers by Michael Antczak

home-buyer-search-126.jpg - Real Estate News

Homebuyers can now view their potential broker’s regulatory record in a now online portal, which allows consumers to search broker and company names to view disciplinary ... More


Impact of U.S. Fed rate hike - Warning

3/14/2017 | Posted in Mortgage Interest Rates by Michael Antczak

make-a-winning-offer-in-a-competitive-market-116.jpg - Real Estate News

Locking in a rate before mortgages become more expensive is the best choice at present, as recent developments have pointed at a possible U.S. Federal Reserve rate hike in ... More


Should You Worry About Moisture on Windows?

3/9/2017 | Posted in Home Maintenance by Michael Antczak

condensation---home-owners-119.jpg - Real Estate News

You're standing by your window admiring the view. Then you notice it. Moisture has built-up around the edges of the glass. Should you worry?

... More


Toronto council approves 2 per cent property tax increase

2/16/2017 | Posted in Toronto News by Michael Antczak

cheque-debt-bills-signature-96.jpg - Real Estate News

Toronto Residents - It’s official. Your property taxes are going up. City council voted 35-8 on Wednesday to increase ... More


The classic RRSP season dilemma: Contribute or pay down your mortgage

1/27/2017 | Posted in Financial Health by Michael Antczak

couple-laptop-106.jpg - Real Estate News

The type of person you are will inform the math that goes into your decision.

... More


Paying off mortgage sooner among top financial goals

1/25/2017 | Posted in Financial Health by Michael Antczak

cheque-debt-bills-signature-96.jpg - Real Estate News

More than a third of Canadians polled by CIBC said that paying off their mortgage sooner was a key financial goal.

... More


Top 2017 design trends

1/20/2017 | Posted in Industry Trends by Michael Antczak

home-design-renovation-12.jpg - Real Estate News

According to the Interior Design Show, the following will be the top 10 design trends for 2017 inspiring the direction of design for the year to come.

... More


Property taxes in Brampton, Mississauga soar above Toronto's

12/22/2016 | Posted in GTA News by Michael Antczak

canadian-money-houses-53.jpg - Real Estate News

The already glaring gap between property taxes in Brampton and Mississauga compared to Toronto, is getting even wider. With 2017 budgets approved for Brampton and ... More


Tax implications of selling a home

12/2/2016 | Posted in Home Sellers by Michael Antczak

home-for-sale-39.jpg - Real Estate News

For Canadians who are planning to release their homes to the highly competitive real estate market, they need to be aware of the tax implications of the recent regulatory ... More


Mississauga residents brace for tax bill

12/2/2016 | Posted in Community by Michael Antczak

mississauga-ontario-82.jpg - Real Estate News

This week the City of Mississauga began its budget deliberations in council chambers. Staff presented a proposed tax increase of 5.9 per cent on the city’s portion (34 ... More


The CRA is cracking down on real estate tax dodgers in Canada's red hot market

11/26/2016 | Posted in Real Estate Investments by Michael Antczak

canadian-money-houses-53.jpg - Real Estate News

Evidence of the ongoing crackdown by the tax authorities on Canada’s red hot residential real estate sector is everywhere, from recently updated statistics that show ... More


Leaving a home empty in Vancouver to cost at least $10,000

11/11/2016 | Posted in Real Estate News by Michael Antczak

vancouver-47.jpg - Real Estate News

The talk of an empty homes tax in Vancouver is to become a reality. The city council says that it will be introduced by January 1, 2017.

... More


Canada's Mortgage Rules Will Sap Home Sales But Only Slow Prices: RBC

11/8/2016 | Posted in Mortgages and Real Estate by Michael Antczak

property-value-108.jpg - Real Estate News

Home sales nationally will decline 11.5 per cent following the tightening of mortgage rules by the federal government.

... More


Four ways parents can help their kids buy a home

10/27/2016 | Posted in Home Buyers by Michael Antczak

senior-couple-55.jpg - Real Estate News

As housing prices rise significantly, it can be hard for young people to get a leg up. Here are some ideas for Mom and Dad.

... More


Banks, insurers spearhead opposition to Ottawa's new housing rules

10/11/2016 | Posted in Mortgages and Real Estate by Michael Antczak

mortgage-rates---interest-rates-48.jpg - Real Estate News

Canadian banks and mortgage insurers are rallying against new government housing rules that they say will lead to higher mortgage rates, hurt small real estate markets and ... More


How principal-residence tax changes will affect every Canadian homeowner

10/8/2016 | Posted in Home Owners by Michael Antczak

vacation-property-52.jpg - Real Estate News

Earlier this week, Finance Minister Bill Morneau introduced tax changes that were aimed primarily at foreign investors in Canadian real estate to ensure they abide by our ... More


Genworth: One-third of mortgage consumers at risk due to new measures

10/7/2016 | Posted in Mortgage News by Michael Antczak

debt-stress-frustration-98.jpg - Real Estate News

Fully one-third of consumers would encounter difficulties in meeting the new debt service ratios as outlined by the tightened mortgage measures introduced by Finance Minister ... More


Common real estate scams and how to avoid them

10/4/2016 | Posted in Home Owners by Michael Antczak

legal-real-estate-11.jpg - Real Estate News

For most people, buying a first house or condo is exciting and a big leap into adulthood. But it doesn’t take long for the cold hard reality of mortgage payments, taxes ... More


FOR SELLERS
Are you thinking of selling your property
and would like to know how much it can sell for?
Click here to get your property appraised for FREE!
FOR BUYERS
Thinking of buying a home or investment property?
Sign-up for FREE to get immediate access to listings
in your desired area as soon as they hit the market!
PROPERTY SEARCH IN GTA
Are you thinking of buying your first property,
downsizing, or looking to upgrade to bigger and better?
Click here to search through thousands of listings!