Blog

Supporting the Scarborough Community Renewal Organization

Scarborough Community Gets A Voice  Shawn Allen, Principal Broker of Matrix Mortgage Global is an active member of the Scarborough Business Community and sponsors the Scarborough Community Renewal Organization (SCRO). Last month SCRO held their first annual general meeting and officially swore in their committee members. The project initiatives are to move the Scarborough in a […]

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Unitri Gives Way to More Units

  The Unitri cube houses, a Toronto landmark located a minute north of Matrix Mortgage Global’s office in the Canary District, are for sale. To be more precise, the little pie shaped plot of land above which the three cubes hover, is for sale: the cubes themselves, possessing little more than sentimental and anecdotal value, […]

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Is A Reverse Mortgage Right For You?

For elderly homeowners on a tight budget, the reverse mortgage program provides much needed cash flow relief. Reverse Mortgages are designed for older home owners who need access to their home equity in order to subsidize their income. With a reverse mortgage, you no longer have to make monthly payments (just property taxes and homeowners […]

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Why Should You Sell Your GTA Home Now?

Why Is Now A Good Time To Sell? Given the political and economic landscape of our neighbours to the south, Canada is largely considered to be a more ideal place to own property. With low interest rates and home price appreciation, Canadian housing is in high demand from domestic and foreign buyers alike.  The price […]

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GTA Real Estate Market in Review: 2016

The Greater Toronto Area’s 2016 real estate market closed with record-breaking highs in housing prices and the lowest number of new listings in over a decade. High demand and low supply characterized the GTA’s 2016 housing sector, a trend we can continue to expect in 2017 as increasing foreign property investment and a swelling population […]

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What Will The New Canadian Mortgage Regulations Mean?

Higher Rates & More Restrictions On Home Equity Mortgages  As of November 30th, 2016, further mortgage regulatory changes will take place that affects low-ratio borrowers. This is the second Canadian rule change this year – the first raised the bar for qualifying rates (a “stress test”) for high-ratio borrowers over 80% LTV. If you need […]

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What Is the Trump Effect on Toronto & Vancouver Real Estate Markets?

    The night of the American presidential election, the CIC website crashed. Thousands of Americans, terrified by the prospect of Trump-as-president, began to research how they could become new Canadians. During Trump’s campaign, Liberal Americans had been flippantly threatening to move to Canada should he become president-elect, and as the inconceivable became reality, they […]

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Toronto’s Infrastructure Problems Won’t Be Solved By Moratorium on New High Rise Developments

Toronto City Councillor Kristyn Wong-Tam of Ward 27 Toronto-Centre/Rosedale recently proposed a moratorium on new high-rise residential condo developments in the downtown core. Her rationale for doing so? Housing oversupply, gridlock, road safety and disruptions to business owners caused by construction. Wong-Tam believes that implementing a one-year moratorium on new tall building residential re-zoning applications […]

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A Fresh Start After Bankruptcy: Deal Of The Week

Property: Ajax, ON Rowhouse Valued at $425,000 Current 1st Mortgage: $275,000 Purpose: Clients want to refinance their mortgage to pay out Bankruptcy. They also plan to sell their house next year and need cash for renovations. Matrix Mortgage Funded: New 1st Mortgage: $340,000 Paid out bankruptcy $40,000 Secured Line of Credit Card to rebuild credit: […]

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Despite Naysayers, Toronto Real Estate A Profitable Investment

We’ve all heard doomsday reports about the Toronto housing market. Much like religious cults who predict the end of the world every few years, various reputable  journals have been daily expecting the so-called Toronto housing bubble to pop for years. McLean’s, the Economist, the Wall Street Journal and Canadian Business have anticipated an imminent housing […]

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