6 Things You May Not Know About RE/MAX Hallmark

The Connexus Group is proud to be with RE/MAX Hallmark. Stationed at the Bayview Village office we couldn't be happier with the service and support we get from our brokerage family. Here are 6 things you may not know about our brokerage. 

#1 Canada's Most Productive Agents

Condo Club Meeting

- Run by none other than Ravi Singh the Condo Club is held every Friday morning. With today's market consisting of 50% condos, 50% residential homes. It's important to know the ins and outs of condo buying/selling as it is quite different from buying a house. Every Friday more than 20 agents get together to share their listings, help each other find condos for their buyers and educate each other on many topics from pre-construction, assignments, clauses, by-laws and declarations and many more topics.

RE/MAX Hallmark University

- Learning doesn't stop after we get our license. RE/MAX Hallmark offers over 70 courses a year through our training centre off of York Mills in North York. Agents can learn from fundamental tools/strategies to getting motivated from globally known motivational speakers. 

10 Locations

- From West to East Toronto and up to Muskoka we have 10 locations with plans to expand into the GTA by 2020

We Are a Family

- Its been said many time before. We are truly a family. Each of us have been a part of other brokerages but RE/MAX Hallmark feels the most like a family. We don't just work together, we spend our down time together. Travelling, partying, dinners, galas, award shows and much more. 

Secret Facebook Networking Group

- We exchange exclusives, coming soon before anyone else can see, help each other with tough situations, support, exchange suppliers and much more.

New Down Payment Rules

The down payment rate was bound to change and that time is upon us. The days of 5% on a $1,000,000 home are behind us. Let's face it, we were running at high-risks with the old rates. The new down payment structure allows for more security for both buyers and sellers. Buyers won't feel overwhelmed with their mortgages and sellers will feel more secure in solidifying the deal. Not just that, but on the macro level, the market is further protected. The government of Canada wants Canadians to have equity in their homes and we couldn't agree more.

 So what does this mean to you? Let's break it down.

Any home with a purchase price of $500,000k or below can give a minimum of 5% for down payment. 

A home between $500,001 - $1,000,000 will pay 10% down on the amount over $500,000.  

The new rule doesn't affect properties over $1 million because they don't qualify for high-ratio mortgage insurance. They will need a 20% downpayment to qualify for a traditional mortgage. 

These infographics simplify the change...