#2: The Market Minute

The Market Minute - Confidence is UP! by Avi Ritter

TORONTO, June 17, 2009 - Greater Toronto REALTORS® reported 5,185 transactions in the first half of June – an increase of 19 per cent compared to the same period last year. “Households in the GTA have become more confident in purchasing a home over the past three months," said TREB President Maureen O’Neill. “Affordability, due in part to very low borrowing costs, has played a key role."
“The resale housing market in the GTA has remained resilient in the face of challenging times globally,” according to TREB President Maureen O’Neill. “Many home buyers have taken advantage of extremely low mortgage rates.”

Which Mortgage is Right for You?
Are you wondering which type of mortgage is best for you? Deciding which type of mortgage will best suite your needs can be difficult. There are so many types of loans and different term lengths. The right mortgage can save you thousands of dollars, while the wrong mortgage can put your house in jeopardy. A little research before choosing your mortgage can save you thousands of dollars in the long run. You should discuss with your Mortgage Consultant the following questions
How long do you plan to stay in this home?
How much risk are you willing to accept?
How much cash do you have available for upfront costs?