Everyone's talking about the recent Bank of Montreal rate special at 2.99% and I hear other lenders are going to follow. Do you know what it really is all about? Maximum amortization 25 years, no 30 years allowed. Only half of the normal lump sum payments are allowed at 10% instead of 20%. Same goes for payment increases at half the usual amount allowed.

Fully closed unless you sell or renew into another BMO product...no early negotiating power, you are tied to them for the full 5 years. No non-owner occupied rental properties allowed. Only valid for the next two weeks, so make sure to read the fine print and determine if it works for you. I think it's pretty good.

Have a great day!

Toronto real estate still going strong, population growth and immigration are major factor which have created a 1.4% vacancy rate in the city combined with low interest rates which makes buying a property very attractive and affordable. I think we are looking at another strong Real Estate market in 2012.

To all my clients I would like to thank you all for trusting me with selling or buying your home condo or loft in 2011, I wish you all a very happy holiday season and a very happy new year. Thank you.

WHETHER YOU ARE LOOKING FOR SHORT TERM OR LONG TERM VARIBLE OR FIXED OPEN OR CLOSED MORTGAGE RATE.

BANKS DO OFFER WAY’S TO SAVE ON MORTGAGES.

FIXED OR VARIBLE INTEREST RATE MORTGAGE’S CAN BE PAID WEEKLY, BI WEEKLY,SEMI MONTHLY AND MONTHLY.

RAPIDE PAYDOWN… MOST BANKS ALLOW YOU TO INCREASE YOUR PAYMENTS.

PREPAYMENT OPTIONS: PAY DOWN A % OF YOUR ORIGINAL MORTGAGE EACH YEAR.

A FIXED MORTGAGE RATE LETS YOU REPAY YOUR MORTGAGE IN SET MONTHLY PAYMENT’S, YOUR PAYMENT REMAINS THE SAME OVER THE COURSE OF YOUR TERM, SO YOU CAN BUDGET. EVEN IF RATE’S GO UP YOUR RATE WILL REMAIN THE SAME FOR THE TERM YOU HAVE SELECTED.

A VARIBLE MORTGAGE RATE WHILE THE INTEREST RATE MAY CHANGE DEPENDING ON  BANK OF CANADA’S PRIME RATE YOUR MONTHLY PAYMENT WILL REMAIN THE SAME FOR YOUR SELECTED TERM.

THE AMOUNT PAID TO THE PRINCIPAL VERSUS INTEREST! MAY CHANGE WITH FLUCTUATIONS IN THE PRIME RATE, PLUS YOUR AMORTIZATION PERIOD MAY VARY AND BE LONGER IF RATES HAVE RISEN OR SHORTER IF RATES HAVE FALLEN, SINCE THE START OF THE TERM.

Clive McLean speaks about Bidding wars and Bully Offers and the Hold Back on Offer Date. A bidding war is when more than one buyer submits an offer to purchase on the same property at the same time, A hold back on offer date can occure at any time on a property listed for sale but most often occures when a seller will list their property for sale day's in advance of reviewing any offers. A Bully offer is when a buyer will submit an offer to purchase on a property before the hold back on offer date, disregarding the sellers instructions. Usually a clean offer with no conditions and a sizable deposit with a price well over asking will be submited in order to Bully the seller to except so they can successfully secure the property and avoid competition.

Clive McLean speaks a little about how the Queen West area will be changing with all the new condo's being built, up to 10000 new residents will be moving into the area in the next couple of years. Queen West is one of Toronto's most popular art neighbourhoods and with all the new young professionals moving in the art galleries are here to stay.

Clive McLean speaks about how some agent in the city price homes so low when they list the home as a way to attract trafic, many buyers feel they are mislead and feel its away to push pricing higher in area's. I feel it misleads a buyer into thinking they might be able to obtain the home for that price plus a waste of time as most buyers have a budget and search in price ranges. What do you think?

Liberty Village has become one of Toronto's most desirable condominium communities, with cutting edge architecture and affordable pricing close to the central core, it has attracted many young professionals. Liberty Village initially was the best option for first time buyers downtown, the area boosts some of the city's best loft conversions town houses and condos, it has become very popular with a genuine sense of community. Residents say they actually know there neighbours, and see the same people jogging down the street or at the shops or have espresso. It's this ambience of community that pervades Liberty Village and allows people here to be at home with urban living.

Bounded to the north by King street to the west by Dufferin street to the south by the Gardiner Expressway and Strachan to the east real estate has seen rapid appreciation in the past few years. Once mainly vacant land mixed use industrial and commercial the neighbourhood has seen massive condo loft town house development. Close an very accessible to Exhibition Place, Harbour Front, Fort York, Skydome, and the Toronto Island Liberty Village has mostly an adult vibe, it's local schools include Shaw Jr. & Sr.School, Niagara Street School, Alexander Muir and Gladstone School, Hillcrest Jr., Parkdale, West Toronto CI. plus some alternative secondary Schools. With close proximity to some cool funky neighbourhoods such as King West Village, Queen West, Liberty Village has every thing you need in a city.

To view Liberty Village Condo & Lofts CLICK HERE

King West has become one of Toronto's most sought after neighbourhoods. Mainly appealing to young professionals, this stretch of real estate between Spadina and Dufferin Street has produced some of Toronto's most cutting edge and modern condominium and loft options. Condo's have appreciated well in value in the King West district and will most likely continue to do so in the future mostly due to incomparable quality and demand of inventory. Condo Lofts and Victorian style town houses are the only real estate option, the area boasts some of the best loft conversions in the city

It's an area which completely transforms into one of Toronto's most vibrant night spot destination once the sun sets, looking for a cool restaurant or nightclub, boutique hotel this is where you will want to be. If you would like to view what's available for sale in the area or if you are a Condo Loft Town- House owner in the King West area looking to Buy or Sell or would like a free no-obligation market evaluation. Please contact me by email or give me a call (CLIVE) 416-530-1100 I would love to be of service in helping you.

To view King West Lofts Condos & Townhouses CLICK HERE

To view Toronto MLS listings CLICK HERE