Leon  Schaumer

Leon Schaumer

Sales Representative

HomeLife/Cimerman Real Estate Ltd., Brokerage*

Mobile:
416-931-1906
Office:
416-534-1124
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Leon Schaumer's blog

 Mortgage Amortization Extensions

 Mortgage Amortization Extensions

 

Recent inflation numbers indicate that inflation is slowing, and many economists are saying that the most recent drop in the inflation rate will give the Bank of Canada the slack that it needs to hit a pause on any rate hikes for the time being. While this is a positive sign, it does not necessarily translate to relief in the cost of living. Many people are still seeking solutions to mitigate the effects of sky-high grocery prices and other goods on their finances. This month, we are focusing on one strategy that could prove to be the...

Market Watch - Housing Market Resilient in 2023, Ends Year in Balanced Territory

Market Watch - Housing Market Resilient in 2023, Ends Year in Balanced Territory

High borrowing costs coupled with unrealistic federal mortgage qualification standards resulted in an unaffordable home ownership market for many households in 2023. With that said, relief seems to be on the horizon. Borrowing costs are expected to trend lower in 2024. Lower mortgage rates coupled with a relatively resilient economy should see a rebound in home sales this year.

Buyers who were active in the market benefitted from more choice throughout 2023. This allowed many of these buyers to...

How to Negotiate a Good Deal on a House

Buying a property requires good knowledge of market conditions, personal finances as well as the ability to judge what a good investment is. It is important to be in a position to negotiate realistically when you decide to make an offer. This comes as a result of good preparation before submitting a formal offer to purchase.

Market watch - Quieter Summer Season Marked by Reduced sales And Listing Activity.

August is a traditionally slower month in the resale market due to summer vacations. Compounding the slowdown in market activity, Buyers are uncertain about their purchasing power given the additional interest rate hikes. While higher borrowing costs have impacted home purchase decisions, existing homeowners nearing mortgage renewal are also facing higher costs.

 

 

Ontario - Quieter Summer Season Marked by Reduced sales And Listing Activity.

This One Trend Indicates the Housing Market is Finally Returning to Normal

 

July 24, 2022

homesnap one trend normal marketFor more than two years, agents, buyers and sellers have been waiting for the housing market to return to normal. There's one major indication it's finally happening: More homes on the market are getting a price cut.

Time for a Mortgage Checkup

 

   

Having regular checkups by a doctor is critical to ensuring good health. The same concept holds true for one of your most important financial investments: your mortgage.

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