Etobicoke is Western Toronto’s best kept secret. Although it is considered a part of Ontario’s capital city, Etobicoke possesses its own unique beauty. Bookended by the Humber River and Lake Ontario, this former stand-alone municipality offers moderately priced housing in close proximity to downtown Toronto. Etobicoke has different localities that give it its special character, providing future home owners various neighbourhood options.
Etobicoke is composed of three large areas with separate political ridings. The total population of the area is approximately 347,948. The area consists of:
Each location offers a mix of high-rises, condominiums, and houses to suit every home owner’s preference.
The Real Estate Council of Ontario (RECO) is the body in charge of regulating real estate professionals in the province. They can provide a great resource for anyone trying to find a realtor. The brokers who are registered with RECO have to adhere to strict industry standards and will be able to help you find the perfect Etobicoke home.
A mortgage broker is a licensed professional who specializes in the lending and housing industry. Their job is to get you the best mortgage so you can purchase a home or refinance an existing housing loan. A Toronto or Etobicoke-based mortgage broker can help you secure funding for your dream home. Etobicoke is a former city that is now part of Toronto which means that you do not have to find a broker who is specifically situated in the area. A good mortgage broker knows everything about the Ontario mortgage landscape and will have no trouble finding the right lender to provide the funds for your home purchase.
Fast Facts About Etobicoke:
Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).
Everyone who is looking to purchase a home will need a mortgage. But, what is a mortgage exactly and why do you need it? Besides being the term to describe a loan secured by real estate, a mortgage allows you to access funding to procure your dream home.
There is a massive difference between mortgages and home equity loans. Read More
The Bank of Canada had hiked the interest rates on three separate occasions over the past eight months. Read More
Many first time home buyers have heard the term “mortgage insurance” but may not understand what it is and why it’s necessary to have. Read More
For new homeowners, or for those looking to renew a lease, rising interest rates will have an effect on your finances. Read More