4 Tips For Finding the Right Mortgage Lender

June 20, 2019July 1, 2019

Gearing up to apply for a mortgage? Here’s how to find a lender who will guide you through the process successfully…

If you’re like most home buyers, you’ll need to obtain mortgage financing before you can purchase your dream property. There are a number of important decisions you’ll need to make, but one of the most critical is who you’re going to work with. The truth is, not all lenders operate in the same way—or provide the same benefits.

If you’re looking for a professional who can help you achieve your home-buying goals, it pays to weigh your options. Here are four simple tips for finding the lender that’s right for you…

1) Get your credit in order

No matter which lender you decide to work with, they’ll be in a better position to help you if your credit score shows that you’re a responsible borrower. Luckily, there are steps you can take to raise your score relatively quickly. Start by ordering a copy of your credit report to ensure that it’s accurate. Errors can damage your score, so if you find any, be sure to correct them right away.

If possible, you should also pay down the balance on your existing credit cards. Be aware that it’s not just the amount of debt that you have that matters—it’s also the amount of credit available to you in proportion to what you owe. By asking if you can up your limit (or getting a card from a new issuer), you may be able to increase your ratio of unused credit to the debt you have to pay off. This boost could potentially improve your score, which will allow you to put your best foot forward when you start looking for a lender.

2) Broker or bank: know the difference

There are a few different types of lenders you can go to for a mortgage. But for most borrowers, it comes down to two options: banks and brokers. There are benefits associated with both. When it comes to your bank, the preexisting relationship you have with them can make the process very convenient. They know you well, which means they’re well positioned to help you understand how different mortgage options would fit into your overall financial situation.

Though they’re used slightly less often, brokers are becoming increasingly popular with buyers. The biggest benefit of working with them is that they’ll comparison shop for you. Unlike banks, they have access to outside financial products and services—which means they can help you find the best rates and conditions available. Having said that, if you feel more comfortable working with your bank, you may be able negotiate with them.

3) Do some online research

Whether you decide to go the lender or broker route, it pays to do your homework. Begin with a bit of online sleuthing. It’s true that most consumers will google a service provider before working with them. But when it comes to something as important as a mortgage, a thorough assessment is crucial.

If you’re thinking of working with a particular professional or institution, dig into their website. How credible does it look? Is all of the information it contains straightforward and easy to understand? Big banks are pretty much guaranteed to have a professional online presence, so smaller lenders may require a bit more vetting. Remember that third-party reviews can also give you a good idea of what working with someone is really like.

4) Ask the right questions

During the home-buying process, there’s nothing worse than being blindsided by unexpected delays. Unfortunately, lenders are notorious for holding things up at closing with last-minute requests. That’s why it’s so important to ask about loan-processing times.

You’ll also want to know what to expect in terms of costs. Will you be charged if you want to lock in an interest rate? How much will your loan application and processing fees be? Looking ahead, will you be charged a prepayment penalty if you’re able to pay off your mortgage ahead of schedule?

Before you commit to working with a lender, you should know exactly what to expect. Consider making a list of questions before you go in to speak to someone—and ask your real estate agent if you need help understanding how obtaining your mortgage will fit into the home-buying process.

Have questions about applying a mortgage—Or the home-buying process? Get in touch. We’d be happy to answer any questions you might have about the selling process!

Living in Riverdale: Discover the Gateway to the East End

June 10, 2019June 11, 2019

Considering a move to Riverdale? Find out why this charming, family-friendly community is one of the best places to live in the city…

For far too long, Toronto’s east-end neighbourhoods took a back seat to those further west. That’s changed. Today, you’ll now find some of the most sought-after real estate east of downtown—and Riverdale has quickly become a top choice for home hunters. While its central enough to provide easy access to the rest of the city, this well-established neighbourhood boasts quiet tree-lined streets, unique shops and eateries, and a well-established sense of community. If you’re thinking of calling Riverdale home, here’s what you need to know.

The basics

When it comes to location, Riverdale can’t be beat. Bordered by lively Greektown to the north and hip Leslieville to the east, it’s the perfect place for those who want to be close to the action. Its southern border, Lake Shore Boulevard, is part of what makes the area ideal for commuters. Riverdale is also known for its family-friendly quality, and it boasts some of the best schools in all of the GTA. As just two examples, Pape Avenue Junior School and Bennington Heights Elementary have both earned top Fraser Institute rankings.

Who lives in Riverdale?

Given the recent high demand for homes in Riverdale, there’s a good chance that your neighbours will be first-time buyers and young families. That said, this is also a mature neighbourhood, so you’ll likely meet a lot of upper-middle class professionals who have settled into their forever homes.

Where to eat & shop

Recently, Riverdale has become a culinary hotspot. Off the Hook is one of our favourite places to grab a bite. When you have a craving for fish and chips, this Broadview eatery is guaranteed to satisfy—and the dishes are a lot more creative than what you’ll find in most pubs. If you appreciate French cuisine, you’ll fall in love with Batifole. Located on Gerrard Street East, this intimate bistro serves up pitch-perfect classics like escargot and duck-leg confit. If it’s lighter fare (and a well-crafted latte) you’re after, try Riverdale Perk. From gourmet paninis to pistachio pie, we promise you’ll find something that hits the spot.

Those who engage in retail therapy will love exploring the shopping districts in Riverdale. There are a number of shops clustered on the Danforth (many of which serve the area’s Greek community), as well as a charming Chinatown around Gerrard and Broadview. Riverdale is also home to top-notch specialty boutiques. We love Knick Knack Paddywack for its unique pet products, and Pop Music for its extensive record collection. Bergstrom Originals is a must-visit for fans of colourful, retro-inspired women’s wear.

Things to do

Outdoorsy families will appreciate Riverdale’s gorgeous green spaces. Greenwood Park is our top pick. Within its 6.2 hectares, you’ll find baseball diamonds, a splash pad, an off-leash dog area, and more. Leslie Grove Park and Jimmie Simpson Park are other local favourites.

If you’re an arts enthusiast, you won’t want to miss the Riverdale Artwalk. This two-day exhibition, which takes place in early summer, is ideal for those looking to buy beautiful new works for their homes. Best of all, admission is free. Riverdale is also home to the Opera House, one of the most beloved venues in Toronto. A wide variety of acts perform here, and the stunning 1900s architecture is definitely worth taking in.

Getting around

Visiting other parts of Toronto and the GTA is a breeze for Riverdale residents. The area has several major subway stops along the Bloor-Danforth line, including Broadview, Chester, Pape, and Greenwood. There’s streetcar service on Gerrard, and the neighbourhood is well served by a number of bus routes. Riverdale is also very conveniently located for motorists, who can hop onto nearby Lake Shore Boulevard, the Gardiner, or the Don Valley Parkway.

Real estate

When it comes to real estate, you’ll find a variety of options in Riverdale—from condos and row houses to single-family homes. The area is blessed with beautiful living spaces, many of which were built in the Victorian and Edwardian periods. In particular, those looking for older detached homes that provide lots of space will adore the housing stock in Riverdale.

Looking for your dream home in Riverdale? Reach out to learn more about the neighbourhood—or check out some of the gorgeous listings in the area!

5 Simple Tips To Start Preparing Your Home For the Summer Market

May 23, 2019May 29, 2019

Looking to get the most from your home sale this summer? Check out our top five tips for making your property stand out.

It may be spring in Toronto, but summer is just around the corner. For many of us, that means it’s almost time to break out the shorts and start planning those trips to the beach. For home sellers, it also means the time has come to get ready for the summer market. Selling at this time of year has its benefits. Most likely, you’ll encounter less competition than you would in the spring, and your home will be highly visible to buyers who are out enjoying the warm weather. While there’s no doubt that this a great season to sell your property, the key to doing so successfully is performing the right seasonal preparations. From cleaning to staging to maximizing your curb appeal, here’s how to prep your home for a summer sale…

1) Start with a thorough cleaning

Many homeowners perform a deep clean when spring hits. But if you’re selling in the summer, it’s important to go through the process again. Bright sunlight has a way of highlighting hidden dirt, grime, and dust, so being thorough is key. Start by decluttering. We’re talking worn-out appliances, old clothing, junkmail—anything and everything that needs to go. Once you’ve gotten these distractions out of the way, it’s time to break out the cleaning supplies and get to work. Pay special attention to spots that often fly under the radar, like your hard-to-reach light fixtures and the spaces between your shower tiles.

2) Look for water damage

Once the snow melts, then comes spring runoff. All too often, the result is water that seeps into Toronto homes. While flooding is usually obvious, you may not notice subtle damage right away. But once you do find it—whether it’s in the form of a spot, stain, or telltale musty smell—it’s time to take action. Trust us: if you don’t notice it, potential buyers will. That’s why we always suggest inspecting your home’s ceiling, walls, windowsills, and doorframes. When you get to the basement, look closely at the floors for buckling. If you do find an issue that you’re not confident about repairing on your own, call in a professional asap.

3) Stage for the season

For many people, the warmest season brings out positive feelings. As a result, staging with summer in mind can significantly boost your home’s appeal. One of the best ways to do that is with colour. While vibrant hues can play on the sunniness outside, it’s important to use them sparingly. A professional stager can help you mix warm neutrals with “pops” of seasonal colour for maximum impact. They might also suggest adding some seasonal accents—like a summery floral print, or a tasteful piece of decor made of driftwood. Last but not least, make sure your air conditioner is in good working long before your agent starts setting up showings.

4) Remember your home’s exterior

Just as the summer sun has a way of highlighting dirt and grime inside of a home, it will also call attention to dingy surfaces outdoors. On a bright day, take a walk around your property and give your home’s siding, your front steps, and your patio the once-over. If they’re looking a little worse for wear, you might want to think about renting a power washer. These handy machines use high-powered streams of water to remove dirt, dust, and mildew—and you can probably rent one from your local home improvement store. Word to the wise: they’re not safe for all surfaces, so double check with an associate at the store before you go to work. Lastly, remember that few things will freshen up a home like a new coat of paint!

5) Boost your curb appeal

The exterior of your home should be welcoming to potential buyers, and cleaning it up is only half the job. First off, don’t neglect your landscaping. The summer heat has a tendency to dry lawns out, but this is the time to make sure yours is healthy. For some tips to help you make that happen, talk to someone at your local gardening store. Next up, take a good look at your front door. Could it be more appealing? Consider adding some planters containing seasonal flowers (like petunias or begonias), and think about other decorative elements (like landscape lighting or elegant patio furniture).

Preparing your home for the summer market can take a bit of extra work, but it’s worth the effort. If you’re ready to delve into some home preparations, don’t forget that a great real estate agent can be your most helpful resource!

Ready to sell your home this summer? Get in touch—we’d be happy to answer any questions you might have about the selling process!

Living in Bloor West Village: Get To Know a Family-Friendly Neighbourhood

May 6, 2019May 9, 2019

Thinking of buying a home in Bloor West Village? Discover why this west end community is a favourite among Toronto families…

If you’re looking for the ideal family-oriented neighbourhood, this is it. Bloor West Village boasts quiet tree-lined streets, gorgeous older homes, and a charming business district that’s chock-full of amenities. Oh, and did we mention that it’s within walking distance of the city’s largest green space? Residents spend their weekends strolling in High Park, exploring unique local shops and cafes, and enjoying the culinary delights served up in the area’s friendly eateries. The neighbourhood is also just a short commute from the city’s core, and there are plenty of great schools nearby. If you’re thinking of moving to Bloor West Village, here’s what you need to know.

The basics

Bloor West Village is situated between the idyllic neighbourhoods of Swansea (to the north) and Runnymede (to the south). The area’s main retail district is located along Bloor Street, and most houses are just a short walk away from the lively Dundas West strip that runs through the Junction. Its ideal location is part of the reason why Bloor West Village was recently named the best place to live in the city by Toronto Life.

If you have little ones, you’ll also be pleased to learn that there are several top-notch educational institutions around the Bloor West Village area. These include Swansea Public School and Keele Street Public School, to name a couple.

Who lives in Bloor West Village?

Take a walk around the streets of Bloor West Village in the summer, and you’ll see kids everywhere. They’re walking their dogs, playing on the sidewalks, and sitting in the strollers that their parents push around on sunny days. Put simply, this incredibly friendly area is ideal for young families. Since the in-demand homes here can be on the pricier side, Bloor West Village is largely an upper-middle class community.

Where to eat & shop

Living in Bloor West Village means having everything you need right at your fingertips. Whether you’re searching for a place to find stylish apparel, a kid-friendly cafe, or a buzz-worthy restaurant for a night out with your significant other, Bloor West Village has you covered.

The Good Fork is a popular neighbourhood spot for all-day breakfast and lunch. From savoury eggs benedict to unique sandwiches and salad options, this local favourite never disappoints. If you’re partial to Italian food, Gatto Wood Oven Pizza is guaranteed to satisfy. This local eatery serves up some of the best pizza in the city, and the kids’ specials make it the perfect place for a family dinner. Flame Food Design—a cafe, Anatolian restaurant, and design store—is a truly unique place to grab a bite, while Awai is ideal for those seeking creative vegan fare.

Thinking of doing some shopping? Calèche sells gorgeous French-inspired women’s clothing, while Cecil Ward & Sons is the local go-to for timeless menswear. If you’re the type who likes to hit the gym, you’ll love the eco-friendly apparel at flow-active, while Binz is a fun shop to browse if you’re looking for kitchenware. When the school year starts, don’t forget to check out Marlborough’s for a wide selection of stationary and craft supplies for kids!

Things to do

It goes without saying that High Park is one of the main attractions near Bloor West Village. This sprawling green space features nature paths, playgrounds, a zoo, and incredible trails where dogs can run off-leash. Remember to see the stunning cherry blossoms when they’re in season! Of course, there’s more than one versatile green space in the area. One of other favourites is Rennie Park. At 9.7-hectares, this community hub has a lot to offer local families—including an ice rink, lit tennis courts, and beautiful picnic areas.

If you’re a reader, you’ll definitely want to check out the community branch of the Toronto Public Library, a beautiful space that offers a wide selection of books. Those seeking fresh produce will love the nearby Annette Village Farmers’ Market, while moms looking for some well-deserved pampering should check out the local salons (Red Label Hair Company is one of our all-time favourites).

Getting around

Bloor West Village proves that living in a residential neighbourhood outside of the city’s core doesn’t have to be inconvenient. Lake Shore and the Gardiner Expressway are just a short drive away, which makes the area perfect for motorists. Those who take public transit will also find that getting around is a breeze. Runnymede Station provides quick access to the Bloor-Danforth subway line, while bus service along Annette Street, Jane Street, and Runnymede Road makes commuting more convenient.

Real estate

The housing stock in Bloor West Village consists largely of single-family and semi-detached options. Many of the neighbourhood’s homes sit on relatively large lots, and most were constructed during the early 20th century. While their craftsmanship and design tends to reflect this period, recent remodelling jobs have ensured that the homes in Bloor West Village are truly unique. The average price sits around the $1M dollar mark, though there are frequently properties available for less.

Looking for your dream home in Bloor West Village? Reach out to learn more about the neighbourhood—or check out some of the gorgeous listings in the area!