MY HOME SECOND UNIT RENOVATION PROGRAM - PEEL REGION

By: Jay Rana

MY HOME SECOND UNIT RENOVATION PROGRAM - PEEL REGION

Tags: PEEL REGION, BASEMENT APARTMENT, NANNY SUITE, LEGAL BASEMENT, LEGAL BASEMENT APARTMENT, INCOME PROPERTY, INVESTMENT PROPERTY, LEGAL BASEMENT SUITE, BASEMENT SUITE, SECOND DWELLING, LEGAL DWELLING, PEEL REGION, BRAMPTON, MISSISSAUGA, MILTON, CALEDON, TORONTO, REALTOR, JAY RANA, YOUR HOME SOLD GUARANTEED OR I'LL BUY IT, VEGAN REALTOR, GO VEGAN, TORONTO REAL ESTATE, REAL ESTATE, YORK REGION, MARKHAM, STOUFFVILLE, RICHMOND HILL, VAUGHAN

The My Home Second Unit Renovation Program provides up to a maximum of $20,000 by way of a forgivable loan to eligible homeowners who need to upgrade and legalize their existing second unit. Homeowners can receive an additional $10,000 to homeowners who rent to a tenant referred by the Region of Peel. We’re currently accepting applications from eligible homeowners. Program details A secon...Read More

Changes to the Qualifying Rates for Mortgages to 5.25% from June 1st!

By: Jay Rana

Changes to the Qualifying Rates for Mortgages to 5.25% from June 1st!

Tags: cmhc, first time home buyers, Toronto real estate, markham real estate, york region real estate, stouffville real estate, home buyer, home seller, first time home buyer, starter home, TREB, century 21, re/max, keller williams, royal lepage, purple bricks, redfin, ibuyer, market watch, realtor, homes4less, sellhomes4less, search realty, jay rana, GetRANA, re4l, Spring, Spring Market, Vegan Realtor, jayguaranteedsold, VIP Home Buyer Protection Plan, Father's day, Covid-19, Covid, Coronavirus

The Office of the Superintendent of Financial Institutions (OSFI) announced it will move forward with a proposed new qualifying rate for uninsured mortgages, reinforcing the mortgage underwriting principles outlined in Guideline B-20. As of June 1, 2021, the qualifying rate for all uninsured mortgages should be the greater of the mortgage contractual rate plus 2%, or 5.25%. The change raises the ...Read More

2021 PAST PRESIDENT’S SCHOLARSHIP INFORMATION | Jay Rana Your Home Sold Guaranteed, Or I'll Buy It!*

By: Jay Rana

2021 PAST PRESIDENT’S SCHOLARSHIP INFORMATION | Jay Rana Your Home Sold Guaranteed, Or I'll Buy It!*

Tags: scholarship, toronto real estate board, real estate, post-secondary education, university, education, TRREB, housing, community, academic achievement, leadership, real estate, your home sold guaranteed or i'll buy it, seller's market, toronto real estate, gta real estate, gta mls, zolo, zillow, re/max, century 21, housing market

Now Open: TRREB $5K & $2.5K Scholarship Application Kothai Gunaratnam is one of 46 deserving students who has been awarded a scholarship through TRREB's Past President's Scholarship program since it first launched in 2007. Holden Kunde, Anika Shenoy and Eric Xu also received scholarships in 2020 to further their education. Each year, TRREB grants $15,000 to four graduating high schoo...Read More

By: Jay Rana

Ontario Introduces Plan to Support Small and Main Street Businesses

Tags: Ontario, covid19, small business, phase 3, government support, Toronto, York Region, Funding, Grant, subsidies

  Ministry of Economic Development, Job Creation and Trade Ontario Introduces Plan to Support Small and Main Street Businesses New measures will help businesses reopen safer, rehire faster and recover from COVID-19 October 11, 2020 TORONTO — The Ontario government is continuing to help businesses rebuild, reinvest and create good jobs across the province. Today, Prabmeet Sarkaria, A...Read More

GTA REAL ESTATE MARKET WATCH - JULY 2020

By: Jay Rana

GTA REAL ESTATE MARKET WATCH - JULY 2020

Tags: JULY HOUSING MARKET, CMHC, MORTGAGE RULES, TORONTO REAL ESTATE, MARKHAM REAL ESTATE, YORK REGION REAL ESTATE, STOUFFVILLE REAL ESTATE, HOME BUYER, HOME SELLER, FIRST TIME HOME BUYER, STARTER HOME, TREB, CENTURY 21, RE/MAX, KELLER WILLIAMS, ROYAL LEPAGE, PURPLE BRICKS, REDFIN, IBUYER, MARKET WATCH, REALTOR, HOMES4LESS, SELLHOMES4LESS, SEARCH REALTY, JAY RANA, GETRANA, RE4L, SPRING, SPRING MARKET, VEGAN REALTOR, JAYGUARANTEEDSOLD, VIP HOME BUYER PROTECTION PLAN, SPRING, SPRING MARKET, VEGAN REALTOR, JAYGUARANTEEDSOLD, VIP HOME BUYER PROTECTION PLAN, FATHER'S DAY, COVID-19, COVID, CORONAVIRUS

  Here's what happened in the GTA Real Estate Market last month July 2020 Price comparison to July 2019 (last year) ·            Detached properties increased by 16.0% ·            Semi-Detached properties increased by 16.1% ·     ...Read More

GTA REAL ESTATE MARKET WATCH - JUNE 2020

By: Jay Rana

GTA REAL ESTATE MARKET WATCH - JUNE 2020

Tags: JUNE HOUSING MARKET, CMHC, MORTGAGE RULES, TORONTO REAL ESTATE, MARKHAM REAL ESTATE, YORK REGION REAL ESTATE, STOUFFVILLE REAL ESTATE, HOME BUYER, HOME SELLER, FIRST TIME HOME BUYER, STARTER HOME, TREB, CENTURY 21, RE/MAX, KELLER WILLIAMS, ROYAL LEPAGE, PURPLE BRICKS, REDFIN, IBUYER, MARKET WATCH, REALTOR, HOMES4LESS, SELLHOMES4LESS, SEARCH REALTY, JAY RANA, GETRANA, RE4L, SPRING, SPRING MARKET, VEGAN REALTOR, JAYGUARANTEEDSOLD, VIP HOME BUYER PROTECTION PLAN, SPRING, SPRING MARKET, VEGAN REALTOR, JAYGUARANTEEDSOLD, VIP HOME BUYER PROTECTION PLAN, FATHER'S DAY, COVID-19, COVID, CORONAVIRUS

GTA Real Estate Market Watch – June 2020. Published July 8th, 2020 Here's what happened in the GTA Real Estate Market last month June 2020 Price comparison to June 2019 (last year) ·            Detached properties increased by 10.8% ·            Semi-Detached p...Read More

GTA Real Estate Market Watch - May 2020.

By: Jay Rana

GTA Real Estate Market Watch - May 2020.

Tags: cmhc, mortgage rules, Toronto real estate, markham real estate, york region real estate, stouffville real estate, home buyer, home seller, first time home buyer, starter home, TREB, century 21, re/max, keller williams, royal lepage, purple bricks, redfin, ibuyer, market watch, realtor, homes4less, sellhomes4less, search realty, jay rana, GetRANA, re4l, Spring, Spring Market, Vegan Realtor, jayguaranteedsold, VIP Home Buyer Protection Plan, Spring, Spring Market, Vegan Realtor, jayguaranteedsold, VIP Home Buyer Protection Plan, Father's day, Covid-19, Covid, Coronavirus

Here's what happened in the GTA Real Estate Market last month May 2020 Price comparison to May 2019 (last year) ·           Detached properties decreased by 0.9% ·           Semi-Detached properties increased by 4.8% ·       &...Read More

By: Jay Rana

CMHC Announces Changes to Policy for Insured Mortgages June 8 2020 - Jay Rana

Tags: cmhc, first time home buyers, Toronto real estate, markham real estate, york region real estate, stouffville real estate, home buyer, home seller, first time home buyer, starter home, TREB, century 21, re/max, keller williams, royal lepage, purple bricks, redfin, ibuyer, market watch, realtor, homes4less, sellhomes4less, search realty, jay rana, GetRANA, re4l, Spring, Spring Market, Vegan Realtor, jayguaranteedsold, VIP Home Buyer Protection Plan, Father's day, Covid-19, Covid, Coronavirus

The Canada Mortgage and Housing Corporation (CMHC) is tightening its rules to qualify for an insured mortgage. CMHC has announced that effective July 1, 2020, new applications for homeowner transactional and portfolio mortgage insurance would be subject to the following changes: Limiting the Gross/Total Debt Servicing (GDS/TDS) ratios to 35% and 42%, respectively; A minimum credit score of 680...Read More

By: Jay Rana

COVID-19 Helpful Links

Tags: covid-19, coronavirus, small business, canadian small business, rent assistance, commercial tenant, CECRA, rent relief program, landlord, tenant, commercial tenancy, eviction, covid, toronto, markham, stouffville, brampton, mississauga, jay rana, thejayrana, your home sold guaranteed, getrana, Get Rana, vegan realtor, contactlessrealestatepro

CEWS (Canada Emergency Wage Subsidy) information & application page: https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-how-apply.html CECRA (Canada Emergency Commercial Rent Assistance) Program Information page: https://www.cmhc-schl.gc.ca/en/finance-and-investing/covid19-cecra-small-business Facebook Small Business Grant Link: https://www.facebook.com/bus...Read More

By: Jay Rana

CECRA sample template from Commercial LANDLORD

Tags: covid-19, coronavirus, small business, canadian small business, rent assistance, commercial tenant, CECRA, rent relief program, landlord, tenant, commercial tenancy, eviction, covid, toronto, markham, stouffville, brampton, mississauga, jay rana, thejayrana, your home sold guaranteed, getrana, Get Rana, vegan realtor, contactlessrealestatepro

The below is a sample template for a letter to your commercial tenant, as an indication that you will be participating in the CECRA (Canadian Emergency Commercial Rent Assistance) program to support the tenant with a 75% reduced rent:   Your name Your phone number (optional) Your email address (optional) Your Current Address City, Province, Postal Code   Date   Tenant’s ...Read More

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