The housing market is booming and the way it behaves, it is pushing the threshold for luxury housing in the upward direction.

In recent years, many houses in Toronto were sold for at least a million dollars, triggering speculations that $1 million may no longer be appropriate as the threshold figure and an adjustment is needed to truly reflect actual housing valuations.

Call Us Today +1 866 921 8890

Questions? We’re here to help!

Mortgage Offers

...pick the one thats right for you.

Find Out More

We Pay Your Legal Fees!

When You Close a Mortgage With Us

WE PAY YOUT LEGAL FEES,
$1000 VALUE

Get $1000 Cash Back

When You Close a Mortgage With us

RECEIVE $1000
CASH BACK

$1000 Referral Fee

When They Close a Mortgage With us

REFER A FRIEND AND GET
$1000

Featured Rates

FIXED

LenderRateTerm
Mortgage Lendwise RateLendwise

3.40%

5-Year
Mortgage First National Bank RateFirst National Financial

3.59%

4-Year
Mortgage RMG RateRMG Mortgages

3.29%

3-Year
Mortgage Street Capital RateStreet Capital Bank

3.19%

2-Year
Mortgage TD Bank RateTD Bank

3.19%

1-Year

VARIABLE

TermRate
5-Year Variable

2.75%

3-Year Variable

3.35%

OTHER

TypeRate
Line of CreditStarting at

3.00%

Equity LoansStarting at

5.99%

Private MortgagesStarting at

5.99%

Do You Have Financial Stability?

Higher Figures

Averages are pushing higher and higher year after year. The national selling average was placed at $500,000 in May this year. That hardly reflects prices in Vancouver and Toronto, and pales in comparison with the past figures recorded for the two cities.

Back in 2014, average prices of detached homes in Toronto approached $900,000. For Vancouver, it was $1 million. These prices prompted housing experts to say that a $1.5-million home bought in Toronto could hardly pass for a luxury property. The same goes for a $2-million house bought in Vancouver.

Experts settled with the following values for 2016. Houses valued at 1.8 million in Greater Toronto were considered luxury. In the region of Vancouver, the threshold price set was 3.6 million. Prices are placed even higher in posh residential neighborhoods that are within city limits.

There are several factors at play why luxury prices are going up in these areas. These cities are the two largest housing markets in Canada. Next, optimism about the future is high among the residents. Third, unemployment rate is low. Also, interest rates are stable and low.

People Picking Houses Out of the Metros

Experts also noted the tendency for people to go away from the city and that demands are getting higher in less urban areas. The big mansions are sprouting somewhere else to accommodate those who prefer to live outside the city.

For people with very large budgets like $10-million may choose to be in or just close to the metro. There are good options in plush neighborhoods like Rosendale.

But for most of the market, the trend is pointing to less dense areas like Bradford and Keswick. Suburban houses are currently the ones getting the attention, but they are getting to be saturated as well.

The increasing demand for suburban houses like those in Newmarket and Aurora is pushing people to go to farther-flung communities like Bradford. If you are looking for a luxury house in Bradford, now is the best time to shop.

A Geographical Way of Looking at Luxury Housing

In the first two months of 2017, 137 GTA houses were sold with prices averaging $3.25 million. It is tempting to use that value as the new threshold.

But not so fast. People are now looking at things in a geographical way. In non-hot markets, houses are selling and being bought at rather astonishing prices, shocking even the most experienced mortgage broker.

For example, an ordinary house on Cheritan Avenue was recently sold for a whooping 3.298 million. That house was not in Forest Hill or in Moore Park. It sold for a price that was way beyond 2.5 or 2.7 million bucks that the seller expected.

OUR CUSTOMERS LOVE US

My wife and I recently purchased our first place, so we started to look for a mortgage broker. Neither of us really knew what we were doing, so it was important to us that we could find someone who could guide us through the whole process. After some searching we finally stumbled upon the guys at certified mortgage broker We worked with leon and his team, got a great rate and they took their time to explain and guide us through the whole process. Great rates and great service. Would absolutely recommend.
Linderman Beadles
Linderman Beadles
06:16 26 Feb 18
Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.
Gina Carroll
Gina Carroll
05:06 28 Feb 18
Was looking for a new mortgage broker, my old one moved so had to find someone else to work with. Didn't really know how to go about it so just started googling. After some searching and talking, decided to go with the guys at certified mortgage broker. No one could match their rates, plus their customer service is honestly some of the best i’ve seen.
Deane Laflamme
Deane Laflamme
04:40 27 Feb 18
My wife and I recently purchased our first place, so we started to look for a mortgage broker. Neither of us really knew what we were doing, so it was important to us that we could find someone who could guide us through the whole process. After some searching we finally stumbled upon the guys at certified mortgage broker We worked with leon and his team, got a great rate and they took their time to explain and guide us through the whole process. Great rates and great service. Would absolutely recommend.
Stephnie Boyles
Stephnie Boyles
13:59 15 Nov 17
Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.
Billye Peralta
Billye Peralta
13:38 19 Nov 17
Was looking for a new mortgage broker, my old one moved so had to find someone else to work with. Didn't really know how to go about it so just started googling. After some searching and talking, decided to go with the guys at certified mortgage broker. No one could match their rates, plus their customer service is honestly some of the best i’ve seen.
Moore Hoover
Moore Hoover
02:25 16 Nov 17
We worked with Leon and he provided a thorough and a professional process in re-financing our mortgage. Communication was consistent, he was easy to reach and documents were processed quickly. Most importantly, we got a great rate that has us savings hundreds of dollars per month on our home. These guys really know what they're doing.
Melissa Brown
Melissa Brown
00:12 18 Jul 17
As third time home buyers we couldn't be happier with the service we got from Certified mortgage broker. The team did a great job working on our loan. Everything was fast, easy and transparent. Probably the best mortgage experience i’ve ever had.
Riley Clements
Riley Clements
15:27 20 Jul 17

CONTACT US

Give us a call or email us to schedule your appointment