416-925-9191 Tiffany Sly, Sales Representative, Chestnut Park Real Estate Limited, Brokerage

"I am very happy in our new home and have Tiffany to thank for that. I would absolutely recommend her for buying or selling a home and will not hesitate to use her again in the future."


Chestnut Parks number three team

Buyer Information


You want to buy a house this Spring? Why getting pre-approved for a mortgage NOW is the best plan.

Spring is the busiest season in the Toronto real estate market. Be prepared! Before you start attending open houses and planning how you’ll arrange the furniture in your new living room, you should take the first step in the home-buying process: getting pre-approved for a mortgage. Why bother to get pre-approved? Shouldn’t you find the house […]


Mortgage pre-approval does NOT mean FINAL approval

With the increased demand and lack of supply in the Toronto market, we are seeing more properties sell for over the list price with multiple offers. The Spring market is always the most active in real estate and many Sellers are elated when they receive a much higher price. But there’s a problem when too […]


New Mortgage Rules Illustrated

Source: The Globe and Mail, January 21st, 2011 While the effective elimination of the 35-year mortgage could diminish housing prices, economists say it’s not possible to calculate the degree of dampening with any certainty.  That’s in part because some homeowners take long mortgages initially and then change the terms later, paying more than required in […]


Federal Government Changes Mortgage Financing Rules!

Source: TREB, January 17th 2011 The federal government has announced changes to mortgage financing rules for government-backed (insured) mortgages (less than 20 per cent down payment), which will affect maximum amortization periods, mortgage refinancing, and home equity lines of credit.


Canadians playing it safe with mortgages

Source: Steve Ladurantaye, The Globe and Mail columnist, Jan. 14th Canadian home buyers are being cautious when taking out new mortgages, a report suggests. The Canadian Association of Accredited Mortgage Professionals examined 40,000 loans issued in 2009, and found that 86 per cent of new mortgages issued were fixed-term. These are considered less risky than […]

©2013 Your friendly Toronto real-estate agent: Tiffany Sly, Chestnut Park Real Estate, Toronto, Ontario. Phone: 416-925-9191