Detroit homeowner and baby daughter forced to share their house with SQUATTER who moved in while they were away during home repairs

*****Squatter moved in, changed locks, reworked plumbing and replaced appliances
*****Filed a report with the city stating the house was abandoned
*****Placed a $8,500 lien the house

So You Think You Can Landlord? Source: Hannif Highclass c/o Genie Sabre Realty Inc. Publish:MY BLOG: Toronto Real Estate: “ Owning a rental property can be a terrific way to invest, but finding the right tenant isn’t always easy. For those who end up with a problem tenant, there is assistance available. This recent article […]

In spite of popular belief, buying a house in today’s real estate market is NOT a difficult task. Post the real estate melt down, consumers could have money and bad credit or good credit and no money, and still qualify for a mortgage. NOT TODAY!! Today, you MUST be prepared to buy a house. Unlike the mortgage industry of yesterday, you can’t just “flare-up” and decide to buy a house on the spot and actually get it. Today, you have to PLAN for it!

The Canadian Real Estate Association says there were fewer sales of previously owned homes last month, down 1.3 per cent from May and down 4.4 per cent from June 2011.
The national average home price in June was $369,339, down 0.8 per cent from the same month last year.

Celine Dion’s Laval, Quebec Mansion For Sale Source: Hannif Highclass Publish:MY BLOG: Toronto Real Estate: May 21, 2011 what you should expect Would you like to live in Celine Dion’s 24,000-square-foot, Quebec French-style chateau on a private island? It can be yours — furniture and all — for just $29.7-million. The Canadian songstress is selling […]

TD Bank to Government of Canada !
**Raise Minimum Down Payment For Home Buyers.
**CMHC’s flex down program.
**Actions to constrain lending growth may be prudent.
**Shortening the maximum amortization to 25 years from 30.

Source: Publish:MY BLOG: Toronto Real Estate: March 15, 2012 Overseas investors are snapping up properties in Canada’s largest cities, driving up prices and pushing ordinary Canadians out of the Housing Market.   Real estate experts call it the “new reality,” and the high price paid for a north Toronto bungalow is the latest evidence. This […]

Should You or Should You Not Give Out Your SIN!
When you visit your Mortgage Broker or Banker for the first time to obtain a mortgage pre-approval, there are certain documents and information you will be asked to provide so your mortgage application can be completed.
Lenders, in general, like to see SINs on mortgage applications. As CAAMP’s VP of Education and Professional Affairs, Mark Webb, notes: “Lenders ask for the SIN but the client has no obligation to provide it. If the client refuses then it is up to the lender to assess how they will respond to the application.”
—-Tips to protect your Social Insurance Number
—-When should you provide your Social Insurance Number?
—-When should you NOT provide your SIN?

Source: Hannif Highclass Publish:MY BLOG: Toronto Real Estate: March 9, 2012 Big 5 Banks Drop Rates To Record Lows In Apparent Mortgage War All five of Canada’s major banks are now engaged in a war for home buyers that will likely alarm policy makers concerned about Canada’s record levels of household debt. But what may […]