Aleksei  Gorbatchevski

Aleksei Gorbatchevski

Sales Representative

HomeLife/Response Realty Inc., Brokerage*

Mobile:
416-670-9212
Office:
905-949-0070
Email Me

Aleksei Gorbatchevski's blog

Interest Rates DROP by 0.5%! Biggest drop since pandemic... What Does This Mean?!

The Bank of Canada's 4th consecutive interest rate cut by 0.5%! This being the biggest cut we have seen since the pandemic! The overnight rate is now down to 3.75% with another interest rate-cut expected in December!

A fixed rate mortgage used to be over 6%, now you can find one for 3.99%.

Buyers purchasing power has increased by 20% in the last 12 months!

Although this doesn't mean the market is going to explode over night, what it will do is create conversations... These conversations will lead to activity in the market and sales volume will slowly go up into 2025 and we could...

BIG news for First Time Homebuyers!

MASSIVE changes from Canadian government regarding FIRST-TIME homebuyers

1. 30-year mortgages are now available for ALL first time homebuyers.

This was previously announced just for new builds, now it applies to ANY purchase. This will reduce your mortgage payment by about 8% per month! This translates to an increase in buyer power by 10%-15% depending on your rate!

2. Increased the price cap on insured mortgages to $1.5-million

This is huge, its a 50% increase as currently you could only get an insured mortgage up to $1 million. Currently, to purchase a property...

How To NEVER Overpay When Buying a Property

The information below will help you make sure you take the right steps to offer the right price when buying ANY property.

There are a few things to consider BEFORE submitting an offer.

I will break this down into 3 categories
1. Market dynamics - all the things you need to know before submitting an offer
2. Checklist - things to look at when comparing comparable sales (freehold & condo)
3. Analyzing interior & exterior finishes.

1. Market Dynamics

- Know the exact sold date of comparable properties - even if this is just 60 days before or 2 weeks before. This is VERY important because...

BIG News For First Time Home Buyers in Canada!

 

 

 

We have BIG news in the real estate world, set to help FIRST TIME HOME BUYERS get into the market !! 

Canada to allow 30-year amortization for first time buyers mortgages on new homes (instead of 25yrs)

Insured mortgages typically have a 25 year amortization, adding the extra 5 years (30 years) will result in those mortgages having lower monthly payments attached to them. This also means first time buyers will have a larger mortgage approval given to them (more buying power).

(Insured mortgages: anyone purchasing a property with LESS than 20% down payment)
...

WHEN is the BEST time to SELL a house?

The question I always get is
"When is the best time for me to sell my home?"

If you ask ANY real estate agent, they're probably going to give you a run-around answer that will always lead back to 'NOW' is the best time

BUT, what if I was to tell you that there's ACTUALLY a specific time that you should sell certain types of properties in order to maximize profits - and NO the answer is NOT always the Spring time!

The best time to sell depends on what type of property you have

We're going to break these different properties into 3 categories
'A' Type Properties - These are our...

5 Steps Before Listing Your Home For Sale

Selling a home is a big decision and the process can be daunting, especially for first-time sellers. However, by taking the time to prepare and make the necessary steps, you can ensure that your home is in its best possible condition when it goes on the market. In this blog post, we will take a closer look at the top 5 most important things to do before listing your home for sale.

Benefits of Short-Term Rental Investing in 2023

Short-term rentals, also known as vacation rentals, have become an increasingly popular option for homeowners and investors in the real estate market. These types of rentals provide a way for people to earn income from their property while also giving travelers the convenience and comfort of a home-away-from-home. If you're considering investing in the short-term rental market, here are a few of the benefits you can expect.

Top 5 reasons to invest in Toronto real estate

Toronto is one of the most exciting cities in the world to invest in real estate. Boasting a strong economy, positive demographics, and proximity to amenities, it's no wonder why so many people are looking to invest in Toronto's housing market. In this blog post, we'll take a closer look at the top 5 reasons why you should consider investing in Toronto real estate.

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