North York, the former municipality that is now a part of Toronto, is one of the more prosperous areas in the GTA. The region has 655,913 residents and counting, and has quickly become the go-to living destination for many, due to the prized real estate in the area and its plentiful amenities such as state-of-the-art health care facilities, schools, and public parks. North York includes some of GTA’s most affluent neighbourhoods like The Bridle Path, Hogg’s Hollow, Willowdale, and Bayview Village. The area has become its own urban centre where people live and work. If you’re looking to buy a home in North York you will need to contact a mortgage broker and a realtor.
The Toronto Real Estate Board, aka TREB, can help you find a realtor that specializes in the North York region. TREB is Canada’s largest real estate board and has 40,000 licensed real estate professionals under its umbrella. When looking for a real estate agent to help you find the perfect property to buy, it is important to find someone who knows the North York area. The region encompasses many neighbourhoods and each offers buyers different styles of homes with various price points. For a large number of Southern Ontarians, the condo vs. house debate is something they take seriously. North York provides future home buyers with the best of both worlds: condos and traditional houses. A real estate agent can help you decide if you should buy a condo or a house. Once you’ve decided what type of property to buy, you will need to secure the funds to purchase it.
By working with a North York or Toronto-based mortgage broker, you will have access to a variety of lending packages. Your mortgage professional will match you with one of the lenders in their network to ensure you get the best mortgage package and interest rate to fund your new North York home.
Fast Facts About North York:
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.
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