Last month I wrote about how a potential tenant fabricated information about her employer on an application to lease a home I had listed. When I called the company she said she worked for, the supervisor she listed on the application did not exist and no one knew who she was. Just when I thought I'd seen everything, my team member Jennifer Scaife came across another sketchy scenario...
I recently had a home listed for lease in Scarborough. The other agent brought in an offer for a price that was acceptable to my landlord, but it was conditional on us doing our due diligence on the prospective tenant... When I called the employer for this particular applicant, the line was not in service...
Here's a story, written by my team member Jennifer Scaife, about a couple who recently entered the Toronto real estate market. Recently, Kassia and Cory were referred to me by a past client. Lively and energetic, they were eager to get going on their quest. We saw properties that challenged their tolerance for ‘fixer-upper’ and others whose state of ill-repair were jaw-dropping! We soldiered on, intent on finding the perfect home in the perfect neighbourhood that was within their first-timers’ budget...
Two weeks ago Bank of Canada raised its prime lending rate 0.25% points. As a result, we're now seeing posted bank rates for five-year mortgages at 4.64%. Experts are predicting the Bank of Canada will raise the prime rate a few more times over the next twelve months. With the average price of a home in Toronto at $730,000, the media reported that this was the beginning of the end for home ownership in this city and that people are now in danger of losing their homes. Not true...