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From the Blog

Toronto Condominiums – Ceiling Heights Lowered on some projects

The Sky is Falling - Be Prepared to Duck How Toronto Condominium Developers are Saving Space Now we aren't talking about Chicken Little, but it comes as no surprise to people who have been seeing new Condominium developments over the years that on average,  units are getting smaller.   RealNet Canada Inc. released its latest stats for new condos in Toronto... and the numbers showed that the average size of a unit has shrunk to about 797 square feet, from closer to 900 … [Read More...]

Change in TD Bank Mortgage Standard Clause

Buyer Beware - Always Read the Fine Print TD Bank has changed the fine print of its Variable Rate Mortgage Contracts for conventional mortgages.  Under the terms of the new clause, if at any time the loan to value ratio of your mortgage exceeds 80 per cent, the bank has the right to demand that the borrower bring it under the 80% threshold, or to obtain an appraisal in order to prove that the fair market value does not exceed the 80% threshold.  The appraisal will likely … [Read More...]

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