Happy Halloween

Have a safe and happy Halloween!

Karen and the Team

Girls and Ghouls

Now this you will have to see at the Ripley's Aquarium! The aquarium will be transformed into a creepy cove with live performers, underwater pumpkin carving, trick-or-treat stations and kids' activities. This will take place October 29 and October 30, Sat & Sun 9 am-4 pm (Included with admission $7-$27 at the Ripley's Aquarium 288 Bremner Blvd, Toronto.

Enjoy!
Karen

Good Food For Good

This is an amazing woman who has started her own company and boy oh boy can she cook! She has food featured all over the city but you can find her locally right at the Shops at Don Mills at McEwans!! Try some of her sauces! You won't be dissapointed. Visit GoodFoodForGood.ca for more information.
Enjoy!
Karen

Thank you

Great turn out! Thank you to all that came out and donated a non perishable food item! Tons of food was donated for the Community Share Food Bank in Don Mills!!

I think we will need more pumpkins next year! Maybe 200 or 250!!!
Karen

Millar Team 9th Annual Pumpkin

We would love to see you there!

Karen

Boo at the Zoo

Another great excuse to visit the Zoo...treats!!!! Trick-or-treat stations and animal-themed activities and challenges from October 22-30, Saturday-Sunday 9:30 am-4:30 pm. Included with admission ($18-$28); kids (12 and under) in costume get in free when accompanied by an adult paying regular admission. Remember...don't feed the animals!! For more information visit The Zoo.
Enjoy!
Karen

Halloween Mask Making

This is great fun at any age. The family workshop is October 22 from 1-4 pm at Todmorden Mills 67 Pottery, Toronto for a fee of $10, child $5. Please pre-register by calling  416-396-2819.

Have a spooktacular time!
Karen

Harvest Festival in Don Mills

This will be great fun for the whole family! Everyone can enjoy food and drinks and entertainment! Take a look at the Shops at Don Mills website for demo times.

Enjoy!
Karen

Fall Sale on the Donway

Come one come all to the great Fall Sale October 22, 8:30am – 2:00pm at 230 The Donway Covenent United Church (West of Don Mills Rd. & North of Lawrence Ave. E). There will be  furniture, small appliances, jewelry, crafts, sporting goods, bicycles, books, games, toys, good used clothing, snack bar, tea room and bake sale. Great for little gifts for the up coming holiday season. Gently used donations gratefully accepted between October 17 – October 20 9am – 8 pm  Phone 416-444-8444 or visit www.donwaycovenant.com

Enjoy!

Karen

Happy Thanksgiving!

From our family to yours, we wish you a happy and safe holiday weekend!

Gobble Gobble!
Karen

Mortgage Rules

Thank you to Jake Abramowicz that emailed this information to me on Monday:

Effective this morning the Finance Minister announced a major #mortgage #rule #change that will affect YOUR clients (and mine, too!)

As I had predicted on September 8th effective immediately, all borrowers have to now qualify at the current 5 year POSTED rate.

Yikes!

Why?

Well, the qualifying rate is the rate that we judge someone's ability to get financing on a mortgage. Up until recently we could qualify anyone at the 5 year discounted rate (today around 2.49%) and not the posted rate (today 4.64%).

How this affects affordability is crucial because if you have less-than 20% down you must qualify for any mortgage at the new, higher qualifying rate. Let's look at a real-world example:

Steve and Jennifer make $110,000 combined and have $75000 saved but are looking for homes in the $750K range.

Under the old rules, they could have borrowed $700,000.

Under the new rule, they qualify for a $570,000 mortgage.

WOW. That is a $130,000 drop in affordability. Their only option is to get to 20% down payment OR buy something smaller, cheaper.

Note this is hot-off-the-presses stuff and I've put in a bunch of calls to see how each lender will implement this, but suffice to say this was the proverbial shoe that we were waiting to drop.

Call me or email me anytime with any questions!

Jake

-- 

Jake Abramowicz

..

tel: 416-910-4448

fax: 1-888-819-4816

..

mortgagejake.com/blog

twitter.com/mortgagejake

facebook.com/mortgagejake

The Mortgage Jake App is available for iTunes & Android

I've been interviewed in such outlets as: Bloomberg TV, Money Sense, Globe and Mail, Toronto Star and CFRB 1010 Talk Radio.

Please call me if you have any questions. Have a great weekend!
Karen

Pumpkinfest Toronto

This sounds like fin! The Pumpkinfest is a family-friendly fall fun with midway, carnival, pie eating, pumpkin carving, costume contests, inflatables, extreme sports, stage shows, arts and crafts and more October 10-12, 10 am to 6 pm. Free admission and parking at Downsview Park 35 Carl Hall, Toronto (fee for participating in the attractions). For more information visit Pumpkinfest.
Enjoy!
Karen

Thank you Thank you!

A big thank you to all that came out to the movies yesterday! We had a great time and thanks to all of you we collected over 75 gently used coats for the Children's Breakfast Club!  We look forward to seeing you all at our next event October 23 from 10 am to 1 pm at the Pumpkin Patch (Invitations to follow).

Karen