Fran Lee, Broker
Home
My Listings
My Blog
Contact Me
Home Search
Home Evaluation
Buying
Search MLS Listings
Selling
 
Your Trusted Advisor in Real Estate

Ontario, Canada



 

Nothing Great Is Ever Achieved Without Enthusiasm !


 
 

 

Featured Listings


Loading...

Contact Me


Fran Lee
416-293-1100(Business)
416-917-6787(Cell)
416-293-6700(Fax)

8901 Woodbine Avenue Unit 224
Markham, Ontario, L3R 9Y4
Canada


Weather


Your Trusted Advisor in Real Estate


Welcome to my web site, your source of Toronto real estate,


 

Dear Friends,

In today's competitive real estate market, timing is everything.  Many good homes are sold before they are ever advertised. 

If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.

Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.

In addition, if you have any general questions about buying or selling real estate in Ontario, please contact me as I'm more than willing to help.

I don't have a PhD degree in rocket science, but I am constantly upgrading my knowledge and expertise in real estate related disciplines and languages to serve you better:

- Licensed under the "Sales Representative" category by the Real Estate Council of Ontario http://www.reco.on.ca in 1999, and licensed under the "Broker" category since 2001 

- Recipient of RE/MAX www.remax.ca Hall of Fame Award in 2010

- Recipient of RE/MAX www.remax.ca 100% Club Awards (2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2015,2016).

- Feature Agent on "Profiles of Success" Toronto East Edition 2008.

- Joined RE/MAX Crossroads Realty Inc. in December 2008, switched to Realty Associates Inc., an affiliate of RE/MAX Crossroads Realty Inc. in October 2017.

- M ember of the Chartered Institute of Linguists designation with Diploma in Translation from English into Chinese awarded by the Chartered Institute of Linguists http://iol.org.uk

Please browse my website for listings, reports and important local real estate information.

Sincerely,

 

Fran Lee

Broker,

Realty Associates Inc.

MCIL

Cell.   416-917-6787

Office 416-293-1100

Email  franleemail@gmail.com 


Real Estate Information


Survey reveals tight finances of millions of Canadians

6 November 2017

Up to a million Canadians would struggle to cope with a 1 per cent rise in interest rates with 700,000 at risk from even a 0.25 per cent rise

New research highlights the high levels of financial stress faced by millions of working Canadians who are struggling to save for retirement and live paycheque to paycheque.

Findings from a survey carried out in September by the Canadian Payroll Association include 41% of employees spend all or more of their net pay as higher living costs bite.

A delay in being paid of just one week would mean 47% of respondents would struggle to pay their bills with a larger share of those in their 30s (55%) and 40s (51%).

Over a third of working Canadians feels overwhelmed by their debts and 31% saying they have increased their debt load over the past year; 42% say it will take at least 10 years for them to pay down their debts.

Mortgages continue to be the largest share (28%) of debt type among the 94% of respondents with debt; 18% have car loans while 17% have credit cards and the same share have lines of credit.

“These results underscore the need for spending less and saving more every day, for emergencies and for retirement,” says Janice MacLellan, the Canadian Payroll Association’s Vice-President of Operations. “They also show that it is very difficult for people to change or reduce their spending patterns.  

Real Estate Professional  


Market Update


GTA REALTORS Release October Stats

2 November 2017 

Toronto Real Estate Board President Tim Syrianos reported 7,118 residential sales through TREB's MLS System in October 2017. This result represented an above-average increase between September and October of almost 12 per cent, pointing to stronger fall market conditions.

On a year-over-year basis, October sales were down compared to 9,715 transactions in September 2016. Total sales reported through the first 10 months of 2017 amounted to 80,198 – down from 99,233 for the same time period in 2016.

"Every year we generally see a jump in sales between September and October. However, this year that increase was more pronounced than usual compared to the previous ten years. So, while the number of transactions was still down relative to last year's record pace, it certainly does appear that sales momentum is picking up," said Mr. Syrianos.

The MLS® Home Price Index Composite benchmark price was up by 9.7 per cent on a year-over-year basis in October. Annual rates of price growth were strongest for townhouses and condominium apartments. The average selling price for October transactions was $780,104 – up by 2.3 per cent compared to the average of $762,691 in October 2016.

"The housing market in the GTA has been impacted by a number of policy changes at the provincial and federal levels. Similar to the track followed in the Greater Vancouver Area, it appears that the psychological impact of the Fair Housing Plan, including the tax on foreign buyers, is starting to unwind," said Jason Mercer, TREB's Director of Market Analysis.

- Toronto Real Estate Board

 


Mortgage Rates Update


6 November, 2017

 

TERM          POSTED BEST 
1 Year  3.04% 2.64%
2 Year 3.24% 2.54%
3 Year 3.44% 2.69%
4 Year 3.89% 2.94%
5 Year 4.99% 2.94%
7 Year 5.30% 3.69%
10 Year 6.10% 3.74%
Variable   2.35%
Prime Rate     3.20%
Benchmark   4.99%

*Rates are provided by Mortgage Alliance and are subject to change without notice. 

 


Mortgage Calculators


 

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

The mortgage calculator below will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %
Home  |  My Listings  |  My Blog  |  Contact Me  |  Home Search  |  Home Evaluation  |  Buying  |  Search MLS Listings  |  Selling 
 

Privacy Policy  |  Site Map  |  Profile  |  Sign In

Choose language: