Clover Mortgage Inc.

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Greater Toronto house sales in April were 5% lower than the same month the previous year, according to the Toronto Regional Real Estate Board, but there were a lot more new listings, giving buyers more options and maintaining constant prices. The board notes that there was a brief uptick in market activity in April 2023 that resulted in an increase in sales, with 7,114 residences changing hands in the month as opposed to 7,487 last year. At $1,156,167, the average selling price increased by 0.3% year over year. Keep reading for more information. https://lnkd.in/eQxrM2Rc

The number of properties sold in April increased 3.3% over the prior year, according to the Greater Vancouver Real Estate Board, although overall sales were still far below the 10-year average for the same month. According to Greater Vancouver Realtors, there were 2,831 house sales in the area in April 2023 as opposed to 2,741 sales in the same month the previous year. Keep reading more below. https://lnkd.in/g3MpKcdi

An amortization period refers to the amount of time that is required in order to pay off your mortgage principal and interest expenses in full. You may have encountered different types of amortization schedules, including extended amortization, without fully understanding the meaning. Luckily, Clover Mortgage is here to help. In this guide, we will cover the different types of amortization, and how to know if extended amortization is right for you. We will help you decide if extending your current amortization period is right for you. Reach out to our Contact Clover Mortgage today to book your free consultation. Keep reading more below. https://lnkd.in/g8j7bN3m

When it comes to real estate investments in Canada, the decision to convert residential property to commercial can be a strategic one. This transformation can unlock a range of opportunities for property owners, but it also raises several critical questions, especially concerning the existing mortgage on the property. In this guide, we will delve into the intricacies of converting residential property to commercial, to help you better understand the impact it has on your mortgage. Rates may vary based on factors such as the type of property, location, and borrower's creditworthiness. Find out more information. https://lnkd.in/gf9i_mB4

In the realm of financial planning, many homeowners find themselves contemplating ways to leverage the equity tied up in their homes, especially in times of economic uncertainty. Out of the many options available, two choices stand out: reverse mortgages and home equity lines of credit (HELOCs). Both serve as means for homeowners to access funds, but they operate differently and come with their own set of considerations.In this guide, we delve into the distinctions between reverse mortgages and HELOCs. Keep reading for more below. https://lnkd.in/gbGT7mxa

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🏖️ Ontario's recreational property market is heating up! Don't miss out on an 8% surge in prices expected for 2024. Secure your getaway spot now before rates rise and demand peaks. Let Clover Mortgage help you turn your dream into reality. Email us at info@clovermortgage.ca to start your property journey today! 🚀💼

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When you invest in a new property, finding reliable tenants is crucial to ensuring a steady stream of rental income, and the overall success of your investment. This is especially true if you are buying a house with tenants already in place. Whether you are purchasing a rental home, apartment complex, or commercial space, we can help equip you with the knowledge you need to find the right tenant, and secure your financial future. Keep reading for more below. https://lnkd.in/gyhbKWFV