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Ontario Real Estate Market Update

By Murray ⋅ March 9, 2010 ⋅ 2 comments

The real estate market in Ontario, Canada has recovered from the recession for a number of reasons and will remain positive through the spring of 2010. Canada’s Finance Minister announced tighter mortgage qualification rules for high ratio insured mortgages on February 16 which will make it tougher for some first time buyers to get a home but the impact is not likely to be a large one on the overall market. It appears that the current low mortgage rates are stable for now. We predict interest rates will not rise significantly in 2010 and so a variable rate mortgage (convertible when rates do rise) is still a good idea. With a low inventory of properties on the market sellers now have the advantage and prices are rising especially in popular neighbourhoods. Buyers need to think ahead and avoid overpaying. Consider whether you will be able to afford a mortgage renewal if rates go up. Look at oil prices (if high the Canadian dollar will rise) and look to the US dollar for key signals on interest rates. The higher the Canadian dollar is in comparison to the US dollar the more likely Canadian interest rates will stay low. We provide personalized real estate legal services and advice at a reasonable price.

Law Times Quotes Miskin on Real Estate

By Murray ⋅ November 8, 2009 ⋅ One comment

The Law Times newspaper interviewed Murray Miskin for its November 2, 2010 issue on his projections for the Ontario real estate market and the competition for legal work. In that interview it was announced that Miskin Law Offices will give consumers a break on the extra tax for deals brought to us with later closings where the HST may be applicable.

Real Estate terms and their meanings

By Murray ⋅ July 29, 2009 ⋅ One comment

This home buyers guide to real estate terms was prepared by Ontario Law Society’s title insurer Title Plus.  The following definitions are not legal definitions, they are provided to enhance your understanding of what may be involved in your home purchase.
Agreement of Purchase and Sale (APS)
The APS is a legal agreement that offers a certain [...]

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Ontario Real Estate Lawyer