11.14.24 | For Buyers

Canadian Real Estate: What to Know Before You Buy

There’s no denying that Canadian real estate is valued, on many different levels. Owning is a way to plant roots, create security and build wealth. In fact, investing in the housing market how many of the world’s richest people have earned their fortunes, and it’s how many Canadians finance their retirement or build generational wealth.

Ultimately, the decision to buy a home is a very personal one that depends on a number of factors, such as your financial fitness, your lifestyle and your future plans. The good news is, professional real estate agents, mortgage brokers and real estate lawyers are there to advise you as you dive in. Here are some important things to consider, to help get you thinking about whether buying a home in the current Canadian real estate market is right for you.

5 Questions to Ask Before Buying Canadian Real Estate

Can I afford to buy Canadian real estate?

Buying real estate involves up-front costs, which can include things like your deposit, down payment, home inspection and appraisal fees, property insurance, land transfer tax, title insurance, legal fees and moving expenses. Click here to explore the cost of home ownership.

Then, there are ongoing costs that include property tax, regular maintenance, condo fees if you choose this type of property, and utilities. If you’re saving some money up-front by buying a fixer-upper, you’ll also need to also factor in renovation costs at some point.

Here are some strategies to spend less, and save more.

Do I have too much debt?

When buying real estate, most people will take on a mortgage. Lenders evaluate your costs versus income to determine your qualification. Your Gross Debt Service ratio is your housing costs (mortgage principal and interest + property taxes + heat + 50% of your condo fees, if applicable) divided by your pre-tax income. According to Canada Mortgage and Housing Corp., your GDS ratio should be 39% or less.

Then, lenders look at your Total Debt Service ratio: all debt (GDS + car payments + alimony + other loans + the remaining 50% of your condo fees) divided by your pre-tax income. CMHC says your TDS ratio should be less than 44%.

Click HERE for to calculate your GDS and TDS.

Am I secure in my job?

Think about this honestly. Is business bustling? Is the industry in a growth period or is it on the decline? Are you comfortable with the hefty and lengthy financial commitment of home ownership?

Speak to your supervisor to get some additional insight. Mortgage lenders like to see stable employment, and you’ll need to provide proof of income in the form of an employment letter or current pay stub, your position and length of employment, and if you’re self-employed, Notices of Assessment from the Canada Revenue Agency for the past two years.

Click HERE to find out what else mortgage lenders look for.

Am I sticking around?

Buying real estate has historically proven to be a good long-term investment. Ask your parents how much they paid for their home 30 years ago, and compare that to current market value. Changed are, their investment has grown. On the other hand, a quick sale can mean financial losses if the home’s appreciation doesn’t surpass closing costs, which are estimated at 1.5% to 5% of a home’s value.

Typically, the magic number to stay in the home before putting it back on the market is five years – hence the five-year plan.

Do I even want to own a home?

People invest in the Canadian real estate market for a slew of different reasons. For homeowners, this is a method of forced savings for retirement and future generations, while also fulfilling the basic need of providing shelter. It’s also a great source of pride for many. Picture yourself in five years. Do you plan to relocate at some point? Where will you work? What’s your family structure? Then, consider how home ownership fits into the bigger picture.

Thinking about making a move? We can help you determine what the best strategy is for you and your family. Reach out to us today.

Source: Re/Max Canada

10.11.24 | For Buyers

Government Unveils Boldest Mortgage Reforms in Decades to Enhance Homeownership Opportunities for Canadians

Canadians put in significant effort to afford a home, but high mortgage payments pose a challenge, particularly for Millennials and Gen Z. To assist younger generations in purchasing their first homes, new mortgage regulations took effect on August 1, 2024. These rules allow for 30-year insured mortgage amortizations specifically for first-time buyers of new constructions.

Chrystia Freeland, Deputy Prime Minister and Minister of Finance unveiled a range of reforms aimed at making mortgages more affordable and promoting homeownership among Canadians:

  1. Increasing the Insured Mortgage Cap: The cap for insured mortgages will rise from $1 million to $1.5 million, effective December 15, 2024. This adjustment reflects current market conditions and aims to help more Canadians qualify for a mortgage with a down payment below 20 percent. The cap has remained unchanged since 2012.
  2. Expanding Eligibility for 30-Year Amortizations: Starting December 15, 2024, all first-time homebuyers and buyers of new builds will be eligible for 30-year mortgage amortizations. This will lower monthly mortgage payments and encourage the purchase of new constructions, including condos. This initiative builds on the commitment from Budget 2024, which also introduced 30-year amortizations for first-time buyers of new builds.

These initiatives are part of the enhanced Canadian Mortgage Charter, introduced in Budget 2024, which allows insured mortgage holders to switch lenders at renewal without undergoing another stress test. This change promotes competition among lenders and allows more Canadians with insured mortgages to secure better deals.

These reforms represent the most significant changes to mortgage regulations in decades and align with the federal government’s ambitious plan to create nearly 4 million new homes—Canada’s most extensive housing initiative ever—to support homeownership.

In tandem with efforts to improve mortgage affordability, the government is also taking strong measures to safeguard the rights of homebuyers and renters. As part of Budget 2024, the government has presented plans for a Renters’ Bill of Rights and a Home Buyers’ Bill of Rights. These proposals aim to protect renters from unfair practices, simplify lease agreements, enhance price transparency, and make the home-buying process more equitable. The government is collaborating with provinces and territories to implement these plans, utilizing $5 billion from the new Canada Housing Infrastructure Fund. This initiative includes calls for measures to prevent renovictions, ban blind bidding, standardize lease agreements, and ensure sales price history is accessible through title searches, all aimed at creating a fairer housing market across Canada.

Thinking about making a move? We can help you determine what the best strategy is for you and your family. Reach out to us today.

This salmon recipe is not only a simple, quick dinner (ready in 20 minutes!), but it’s a texture lover’s paradise. The salmon is roasted at a slightly lower temperature, resulting in tender, buttery fish. Quinoa is the base for our bowl, setting the stage for fresh arugula, thin slices of cucumber, and a homemade creamy dill and yogurt dressing. While a homemade dressing may seem like extra effort, trust us—it couldn’t be easier. It’s made in literal seconds in a food processor (if you have a mini food processor, even better!).

As long as you’re cooking some quinoa for this recipe, make a double (or triple!) batch, and you’ll find it’s super-handy to have on hand for easy, healthy lunches throughout the week. Tip: Our watermelon quinoa salad is unbeatable.

Ingredients

  • 4 (6- to 8-oz.) salmon fillets
  • Kosher salt
  • Freshly ground black pepper
  • 1/2 avocado
  • 1/2 cup fresh dill, plus more for serving
  • 1/4 cup plain full-fat Greek yogurt
  • Zest and juice of 1 lemon
  • 2 Tbsp. extra-virgin olive oil, plus more for drizzling
  • 2 oz. baby arugula
  • 2 cups cooked tricolor quinoa
  • 2 Persian or 1 English cucumbers, halved lengthwise, thinly sliced
  • Flaky sea salt
  • Lemon wedges, for serving

Directions

Step 1

Preheat oven to 325º. Season salmon all over with kosher salt and pepper and arrange on a parchment-lined baking sheet. Bake salmon until opaque and flaky, 18 to 20 minutes.

Step 2

Meanwhile, in a food processor, combine avocado, dill, yogurt, lemon zest and juice, 2 tablespoons oil, and 2 tablespoons water; season with kosher salt and pepper. Pulse, adding more water if consistency is too thick, until dressing is smooth. Transfer to a small bowl.

Step 

In a medium bowl, season arugula with a pinch of kosher salt and pepper. Drizzle with oil and toss to combine.

Step 4

Divide arugula among bowls. Top with quinoa, salmon, and cucumbers. Drizzle with dill yogurt dressing, then sprinkle with more dill and sea salt. Serve with lemon wedges alongside.

Source : Delish

09.7.22 | Milton

Milton In The Fall – Here’s What’s Happening

Change is in the air. The hot days of summer will soon give way to brisk mornings and cozy sweaters. Everywhere you go, there’s a sense of a return to routine as children head back to school. 

There may be a hint of sadness as summer departs, but the Fall brings a spark of festive joy of its own. And for many, the end of the sweltering hot weather brings sweet relief. As we get ready for another Fall season, you may be wondering what’s on the calendar. The good news is there are many things to look forward to and enjoy as the cooler weather approaches.

The Scenery

If there is one thing that Milton is known for, it’s spectacular scenery. Located right on the Niagara Escarpment, you can enjoy the beauty of nature any time of the year. However, in the Fall, it reaches a whole new level. 

One of the benefits to having so much greenery around is that we can expect a feast for the eyes very shortly.

The trees are about to explode into a collage of colour, with vibrant reds, yellows, and oranges everywhere. It doesn’t matter that it happens every year. The sight never gets old! Are you looking for some of the best places to take in nature’s fantastic display? Here is a short list:

  • Rattlesnake Point: This breathtaking network of trails on the escarpment is a beautiful place to admire the Fall colours, especially when viewing them from one of the elevated lookout points. Rattlesnake Point is such a popular destination that reservations may be required.
  • Kelso Conservation Area: It’s hard to imagine anything better than hiking through the woods to watch the Fall colours. Now, imagine viewing them over a sparkling lake. You will be hard-pressed to find a more fun and relaxing way to spend an afternoon than at Kelso Conservation Area.
  • Mill Pond: Here is another beautiful place to hike, with trees, shrubberies, and wildflowers everywhere. Add in a stunning waterfall, a bubbling creek, and a splash of autumn colour, and you may find yourself hooked for life.

Are you planning a move in the Fall? If so, here’s one event you want to mark on your calendar. Our webinar “The DOs DON’Ts and What Ifs of Buying in a Changing Market” is coming up on September 21 at 7:00 p.m. It’s free, and you can sign up here.

Fall Activities to Enjoy in Milton

The captivating scenery may be the highlight of Autumn in Milton, but it isn’t all about serenity and communing with nature. The coming season will soon bring a host of fun and exciting activities your whole family will love. Here are some events that you do not want to miss this Fall:

Pumpkins After Dark

You have never seen anything like Pumpkins After Dark. Imagine a pathway illuminated by 6000 hand-carved pumpkins. It’s great spooky fun, but not so scary that even the smallest ghost lovers can’t enjoy it too. The event runs from September 23rd to August 30th this year.

The Milton Fall Fair

The event of the season kicks off on September 23rd and runs until September 25th. This year, the Milton Fall Fair features a classic car show, a demolition derby, a sheep show, and of course, the Midway. It’s classic Fall fun for the whole family!

Spring Ridge Farm

It’s sweet corn season at Spring Ridge Farm. You’ll also find fresh-picked apples, and pumpkins and gourds are on the way. However, there’s more to this must-visit Fall destination than fruits and vegetables. The Fun Farm Yard provides hours of joyful adventures for children of all ages.

For instance, there’s a spider web climber, a giant sandbox, wagon rides, and more. Children love to explore and play and jump. Parents can sit back and relax and watch from a big red Adirondack chair.

And here’s something you won’t find just anywhere – a singing chicken show. Young or old, you will laugh yourself silly. 


The real estate market is changing, and buying or selling isn’t like it used to be. Here are some great articles to help you be more confident:


Milton’s Farmers Market

Nothing says “Fall” more than a good old-fashioned market. And this is your last chance to check out the Milton Farmers’ Market, which winds down on October 8th. Located at the Milton Fairgrounds, this is a great spot to find local produce, homemade sauces, and other specialty items. The event runs every Saturday from 8 a.m. to 12 p.m. Your tastebuds will not be disappointed!

Milton Haunted House

Only the bravest souls dare venture out to the Milton Mall on October 26th to October 27th. That’s when the ghouls, goblins, vampires, and witches come out to scare up some good-natured screams. Other activities are available for those too frightened to enter, like face painting, a silent auction, and more. The Milton Haunted House is a charity fundraiser that raises funds for the Milton District Hospital Foundation.

Hops and Harvest Festival

Who wouldn’t love to kick off The Fall season with food, beverages, and a blast of outdoor activities? If all of that sounds good to you, then the Hops and Harvest Festival is right up your alley. This year, there’s a new location at Area 8, where the old Kelso Quarry used to be. Come on out to support local vendors as you enjoy the fresh air and fun atmosphere. Here are just a few fun activities to expect: 

  • Live music
  • Lawn games
  • Archery
  • Hatchet throwing
  • Honey tasting
  • Pumpkin painting
  • Boat launches

If you work up an appetite, you’ll be in the right place, with seven breweries to quench your thirst and a host of delicious dining and dessert vendors.

Does all this talk of fun and excitement make you wish you lived in Milton? If so, check out our featured listings right here.

5 Fun Fall Activities in Milton and Burlington

10.12.21 | Community

5 Fun Fall Activities in Milton and Burlington

There’s no getting around it. Summer is over, and winter will be here before we know it. Luckily, autumn has a lot to offer in our corner of the world. We can’t get enough of the changing landscapes, cozy sweaters, and warming beverages—and it doesn’t end there. This season, there are all kinds of planned activities to enjoy in our area.

Here are seven fun things to do in Milton and Burlington this fall…

1) See the autumn colours

There are few things as beautiful as seeing the leaves change before winter. Fortunately for those of us in Milton and Burlington, there’s an abundance of places to view all those fiery reds, rich oranges, and vibrant yellows.

One of our favourites is Kelso Conservation Area, where a magnificent escarpment comes alive with autumn hues. To get the best possible view, consider going when there are chairlift rides available—on October 13th and 14th. Bronte Creek Provincial Park is just as stunning, with its maple, oak, and butternut trees (an endangered species).

The best part? Both everyday getaways are less than a half-hour drive from Milton and Burlington!


Looking for more places to see fall colours? Read our post, Burlington Parks: 5 Places to Watch the Leaves Change right here.


2) Go apple picking

 If you have fond memories of picking your own apples, you’re not alone. Why not revive them with the family this fall? Chudleigh’s Entertainment Farm, which is just a few minutes’ drive from Milton, is the perfect place to enjoy the harvest. It’s been a fun destination for families for over 50 years—and it’s home to over 22 varieties of apples.

Less than 20 minutes from Burlington, Applevale Orchards is another farm that’s well worth a visit. Here you’ll find delicious apples and pears, along with plenty of rustic country scenery.


Are you thinking of moving to Milton? If so, you’ll want to learn a little more about the town—and our local resources are a great place to start!


3) Get Spooked on Halloween

Looking for some Halloween family fun? Start with Pumpkins After Dark in Milton at Country Heritage Park. This 2.5-kilometre drive-through event features thousands of pumpkins—and it’s a sight to behold. There are also jack-o-lantern carving demonstrations, which are equally fun to watch. 

If you have little ones and you live in Milton, you’ll also want to check out Tiny Tots Trick or Treat. The section of Main Street East between Brown and James Streets will be closed to traffic, allowing families to collect candy safely from participating businesses. There will also be a scavenger hunt, among other activities! It all takes place on October 30th, from 10 a.m. to 12 p.m.

4) Dive into some art

While there’s plenty to do outdoors in the fall, it’s also a time to get creative inside. Every Saturday until October 23rd, the Art Gallery of Burlington will be hosting Family Open Studio. During this weekly event, you can check out the exhibition How to Read a Vessel—and discover how pots, bowls, jars, and more connect to our everyday lives.

If you’re a lover of the arts, you should also check out Culture Days. This national program is offered in Milton through the FirstOntario Arts Centre. This year, you’ll find everything from a bench-painting party featuring local artists to performances by musicians, dancers, actors, and more. It all takes place until October 24th.


Considering a move to Burlington? The first step is getting more familiar with the area. Explore some of our local resources below.


5) Enjoy fall at the farm

Enjoy the autumn harvest at a local working farm. In Milton, Springridge Farms is a must-visit. Pick up some fresh produce or a perfectly-baked pie, or bring the kids for a play session. From the giant sandbox and tube slides to the farm animals and wagon rides, there’s no shortage of things to do! 

Closer to Burlington, Hutchinson Farm is the ideal place to buy some pumpkins. If jack-o-lanterns are part of your family’s Halloween tradition, head over to the patch, which is currently open every day of the week.

Fall is a special time of year, especially in picturesque places like Milton and Burlington. So grab a light jacket, head out, and enjoy all that our area has to offer! 

Are you ready to look for your perfect place in Milton or Burlington? Check out our listings to start your search, or learn more about how we help sellers here!

Thinking of Moving to Milton? Check Out These Area FAQs.

03.29.21 | Milton

Thinking of Moving to Milton? Check Out These Area FAQs.

Are you looking for the perfect place to settle down? If you’re seeking small-town charm not far from the big city, Milton may be your best bet. From its incredible mix of homes to its overall high quality of life, this quaint community is one of the best places to live in Ontario.

If you’re considering moving to Milton, here’s what you should know…

General Milton FAQs

Not very familiar with Milton yet? Start getting to know the town by delving into the basics.

Where is Milton?

Milton is located in Ontario’s golden horseshoe, and it’s part of the GTA. The town sits about 56 kilometres from Toronto, making it a 40-minute drive via Highway 401. Needless to say, it’s highly convenient for those who want (or need) to be in Canada’s largest city on a semi-regular basis.

What region is Milton a part of?

Milton belongs to the Regional Municipality of Halton, along with the City of Burlington and the Towns of Oakville and Halton Hills. The area is nestled in between Toronto, Hamilton, and Lake Ontario—though it has a charm all its own.

What is the population of Milton?

Currently, there are over 110,000 people who call Milton home. The town is one of Canada’s fastest-growing communities, and there are plenty of new and exciting developments popping up to meet the needs of aspiring home buyers.

Who lives in Milton?

While Milton is home to residents from all walks of life, it’s especially popular with growing families. According to the most recent census, the average age here is 33.5—making for a relatively young population.

Milton Lifestyle Basics

Wondering what living in Milton is like? Here’s what to know about the quality of life available in town.

Schools in Milton

Part of Milton’s family-friendly appeal lies in its reputable local schools. Popular options include E.W. Foster School (which boasts top-notch EQAO scores) and Chris Hadfield Public School (which receives an impressive 7.3 from the Fraser Institute). Put simply, if ensuring that your kids get a great education is a major priority, living in Milton is worth considering.

What to do in Milton, Ontario

One of the best things about living in Milton is the access it provides to pretty parks and picturesque green spaces. Highlights include 323-acre Crawford Conservation Area (where you’ll find pristine forests and Niagara Escarpment views) and Kelso Conservation Area (with its gorgeous hiking and cycling trails). The town also contains a local section of the stunning Bruce Trail!

Where to eat in Milton

Few things bring people together like incredible food. Fortunately, Milton residents aren’t wanting for impressive dining options. Try La Toscana for pitch-perfect Italian, Marquee Steak House for hearty and flavourful fare, and Goodfellas for wood-fired pizzas that are a cut above your favourite chain.


Looking for the best of Milton? Read some of these articles to see what we’re currently loving:


Where to Live in Milton

If you decide to put down roots in Milton, choosing the right neighbourhood is going to be key. Home types, local schools, and the overall feel of a community—it’s important to think through it all when you’re finding the area that’s perfect for you.

Neighbourhoods to call home

From family-friendly Beaty to historical Old Milton to perfectly-planned Willmott, there’s something in Milton for everyone. You can learn all about the communities, homes, and price points that make this place so special right here in our real estate guide!

When you’re ready to learn more about living in one of Canada’s most sought-after towns, we’d love to be your local guides. Talking to local experts is the first step!

Ready to buy your ideal home in Milton? Get in touch to start taking advantage of our local expertise today!

Your Quick Guide to Living in Milton

08.24.20 | For Buyers

Your Quick Guide to Living in Milton

Milton has long been known as one of the fastest-growing communities in the country. Why are so many home buyers flocking here? It could have something to do with the picture-perfect mix of homes, or the area’s natural beauty. It could also be Milton’s ultra-convenient amenities, or its friendly sense of community. The truth is, there are so many reasons to move to this corner of the world—and every new resident has their own!

Learn why living in Milton just might be the perfect option for and your family in our guide to the town…

Milton at a glance

If you’re looking to put down roots in a quiet, family-friendly community, Milton might be the ideal fit. First off, there’s the quality of local education. There are some top-notch learning environments in this town, including Anne J MacArthur Public School and Guardian Angels Catholic School (both of which receive high rankings from the reputable Fraser Institute).

Along with fantastic local schools, Milton is home to impressive library branches, a fascinating museum, a well-attended farmers market, and a handful of must-attend events (like the Downtown Milton Street Festival).

Town amenities

One of the best things about living in Milton is the convenient lifestyle it offers. Whether you’re looking to furnish a home office, buy some fashionable new duds, or simply stock up on supplies, the conveniences you need are just a short drive away.

In the downtown business district, you’ll find everything from ice cream shops to hair salons to jewellery stores. The Milton Mall, which boasts a variety of well-known retailers, is another popular option. At some point, you should also visit the outlets, which offer everything from high-end luxury to day-to-day essentials (you’ll find many of them along Steeles Avenue).

When it comes to dining out, you won’t be disappointed. Milton’s restaurants offer consistently tasty fare—and plenty of atmosphere. Standouts include Pasqualino’s (for from-scratch Italian dishes made with seasonal ingredients),, the Green Eatery (for flavourful vegan), and Luigi’s Lasagna and Pizzeria (when only comfort food will do!)

Outdoor spaces

Milton residents are blessed with easy access to some pretty incredible outdoor spaces. A fifteen-minute drive away, you’ll find Crawford Lake Conservation Area, home to 232 hectares of pristine forests and waterfront. Hilton Falls Conservation Area is about the same distance from town. This stunning jewel in Halton Region boasts attractive trails and magical waterfalls.

Other places to get up close and personal with nature include Kelso Conservation Area and Rattlesnake Point. If you’re looking to get outdoors but want to stay closer to home, visit one of the many green spaces here in Milton (such as McDougall, Livingston, or Coxe Boulevard Parks, among others).

Getting around

Quick access to the 401 and 407 allows Milton residents to travel with ease. Between the two of these highways, you can connect to the GTA, Mississauga, Burlington, Oakville, London, Kitchener, and many other communities in this part of Ontario.

If you’re not a motorist, you’re still in luck. Whether you need to get around Halton Region or go further (to Toronto, Hamilton, or elsewhere), Go Transit can get you there. Head to the local station on Main Street East to catch a ride, and check out the map to see the many places served by this convenient commuter train line.

Milton real estate

If you decide to buy a home here, you’ll find plenty of options. From the historic houses of Old Milton to the shiny new-builds in Harrison, there are many well-appointed living spaces to choose from. If you’re looking for something at a lower price point (or you simply don’t need all the space that a single-family home has to offer), consider a local condo or townhouse.

Typically, single-family homes in Milton are above $700,000. It’s true that the average price is rising, and many beautiful local properties now hover around the $1 million mark. That said, your money will still go much further in Milton than it does in markets like Toronto or Vancouver—which is worth keeping in mind if your family could use some extra space to spread out. When you’re ready to find the right home, neighbourhood, and price, a knowledgeable local agent can help at every step.

 

Is it time to find your ideal home in Milton?

Reach out learn more about the local market—and how we can help!

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