Clem Axel Rodriguez

Clem Axel Rodriguez

Sales Representative

Real Estate Advisors Inc., Brokerage *

Mobile:
647-863-2146
Office:
416-691-3000
Email Me
Clem Axel Rodriguez

Clem Axel Rodriguez

Sales Representative

Real Estate Advisors Inc., Brokerage *

Mobile:
647-863-2146
Office:
416-691-3000
Email Me

Clem Rodriguez's blog

February 2021. Record Breaking Housing Market

The historic demand for housing that was experienced in the second half of 2020 has carried forward into the first 2 months of this year, with some similar themes, including the popularity of suburban low-rise properties. 
The Toronto Regional Real Estate Board has stated that the housing market remained very active in February. Statistics show that, for the first time ever, the average price now surpasses $1 million.

It is probably time to get a Mortgage pre-approval

If you or someone you know is planning on renewing a mortgage or planning to buy a first or second home, you might want to consider getting a Mortgage Pre-approval as soon as possible.

Since Bond yields have recently increased, some lenders have started to increase their 5-year fixed rate mortgages. Mortgage interest rates are related to changes in bond yields (meaning the returns on investing in bonds) and when bond yields go up, interest rates on fixed term mortgages go up as well.

Beware of Rental Scams

Rental scams have always existed and in a competitive rental market one must be more cautious.  On top of that, COVID-19 may have made it easier for scammers to come up with new ideas since they could provide more realistic excuses for not having in-person meetings or showings.

Generally speaking, there are Three different types of rental scams that tend to occur: the tenant-victim scam, the landlord-victim scam, and the cottage rental scam.

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