Spouses Team

Spouses Team

Real Estate Broker
CENTURY 21 Innovative Realty Inc., Brokerage*
  • 416-298-8383
  • 416-305-9146
  • 416-298-8383
  • 416-298-8303
  • 3-2250 Markham Road
    Toronto, ON M1B 2W4
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Welcome to Spouses Team Website. Fareed Syed and Margaret Lim

As a CENTURY 21® Real Estate professional, We are dedicated to providing you with the highest quality service possible. Our personal knowledge of the local Real Estate market is combined with the power of the CENTURY 21 brand - the most recognized name in Real Estate today.

Let us assist you in finding your dream home, in a neighborhood that is right for you, and in the price range you want. Or if you are interested in selling a property, We are also have the expertise to help you get the fastest sale possible and at the best price.

We look forward to the opportunity of working for you!

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Ontario electricity rates

New down payment rules

New down payment rules

New down payment rules will go into effective February 15, 2016.

“The Government’s role in housing is to set and maintain a framework that is equitable, stable and sustainable. The actions taken today prudently address emerging vulnerabilities in certain housing markets, while not overburdening other regions,” Finance Minister Bill Morneau said in a release. “They also rebalance government support for the housing sector to promote long-term stability and balanced economic growth.”

The minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000, the finance ministry wrote.

For example: A $750,000 home will now require $50,000 down -- 5% for the first $500,000 and 10% down for the remaining $250,000.

Properties up to $500,000 will continue to require a minumum of 5% down. Properties in excess of $1 million will still require 20% down.

The changes are meant to reduce taxpayer exposure while supporting long-term stability of the housing market, according to the ministry.

“This measure will increase homeowner equity, which plays a key role in maintaining a stable and secure housing market and economy over the long term,” Morneau said. “It also protects all homeowners, including many middle class Canadians whose greatest investment is in their homes.”


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