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For Buyers

Congratulations!  You have decided to purchase a home, or are thinking about buying one.  You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family.  When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours.  Over time, your home will increase in value.

In the following reports, you'll find the information you need to make a wise buying decision.  We'll take you through the planning process step-by-step , to help you determine which home is right for you.  You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.

Please contact me if you have any questions about buying a home in Toronto or elsewhere in Ontario.

Below, select desired reports and complete the form provided.

Buying Your First Home?
Many renters are starting to think about purchasing a home of their own. This article highlights several factors that should be considered when purchasing a home.
Viewing an Open House with open eyes
Here are some considerations and common problem areas to look for when touring an open house
Avoid The Most Common Buyer Errors
Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase.
How Not To Pay Too Much For Your Home
This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process.
A Smooth Home Purchase in Six Steps
Buying a home can be an emotional, time-consuming, and complex process. There are a few things that you can do to help make the process go as smooth as possible
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No Housing Buble!

No Housing Bubble - BMO Economics
Rise in house prices over past several years a result of strong economic

TORONTO, Aug. 11 /CNW/ - The rise in housing prices over the past several years does not reflect a housing market bubble, according to a new commentary released by the BMO Financial Group Economics Department. Instead, the rise is indicative of strong underlying economic fundamentals.

"It is the case that prices have been showing large increases nationally and in some major urban markets in recent years," according to Paul Ferley, Assistant Chief Economist, BMO Financial Group. "However, this seems more a reflection of low mortgage rates and still attractive affordability rather than speculative activity.

"Housing affordability, both nationally and in the four major urban markets we examined, remains very attractive compared to conditions over the past couple of decades."

The commentary notes four approaches to assessing the presence of a possible housing market bubble: trends in real housing price increases, housing prices relative to rent, housing prices relative to income, and mortgage payments as a share of income. Mr. Ferley states that the last approach, mortgage payments as a share of income, provides the strongest evidence that the current situation is not indicative of bubble conditions.

"This measure shows that low mortgage rates are keeping housing very affordable despite housing prices rising faster than income," said Mr. Ferley. Even if mortgage rates were to rise another 200 basis points, as projected in the commentary, this ratio would still remain marginally below this historical average.

The commentary also examined four major urban markets in Canada: Toronto, Montreal, Calgary and Vancouver. In all cases, mortgage payments as a share of income are currently below the historical average.

However, if mortgage rates rise another 200 basis points as expected, the measures for both Montreal and Vancouver move above historical averages, although they will remain below this benchmark for Toronto and Calgary. In the case of Montreal, this threshold is a relatively low number, while Vancouver shows a deterioration from an already high share of income allocated to housing. Thus, while no local market is currently showing signs of "bubble market" conditions, Vancouver represents the greatest risk of such conditions emerging.

Mr. Ferley cautions that further rapid price gains could jeopardize the benign assessment found in this commentary. "The main risk is that interest rates, especially long rates, have provided, and will continue to provide, too much stimulus," he said. "This could result in housing prices continuing a strong upward trend that move the housing market into 'bubble' territory." He did note, however, that such price gains should be held off by the Bank of Canada's likely course of raising interest rates in the fall.