Caledon’s Housing Market
The quaint town of Caledon is located in the Regional Municipality of Peel in the Greater Toronto Area. With a population of around 75,000, Caledon is one of three municipalities in Peel Region and is located just northwest of Brampton and one hour away from Toronto.
Spread over 700 square kilometers, Caledon is the largest city or town by area in the Greater Toronto Area. In the town of Caledon, you’ll discover scenic countryside, small villages, and plenty of outdoor activities.
While Peel Region includes the big cities of Brampton and Mississauga, it’s the small rural town of Caledon that comes out on top when it comes to real estate prices. According to the Brampton Real Estate Board, the average price of a detached property in Caledon in the summer of 2017 increased 32% year-over-year to $1.08 million, while the price of a semi-detached property advanced 24% to $692,085. The average price of a condominium townhouse in Caledon was around $567,500 and the average selling price of a condominium apartment was $610,286.
With the average price of a property in Caledon up 27% year-over-year at $983,678, semi-detached homes, townhouses, and condominiums are the most viable option for the majority of first-time buyers.
Finding the Best Mortgage Rates in Caledon
For home buyers in Caledon looking to find the best mortgage rates and terms, the best place to start is with a mortgage broker like Canadalend.com, with access to private mortgage lenders. Yes, Canada’s big banks and trust companies provide mortgages, but they only pitch their own financial products. They’re just there to make a sale, even if it’s not in your best interests.
A mortgage broker like Canadalend.com is different from the bigger lenders because we’re independent. This means the mortgage professionals at Canadalend.com put your needs first.
How do we do that? Because we’re independent, Canadalend.com has access to hundreds of different private mortgage lenders. We’ll make sure we find you the mortgage that suits both your financial and lifestyle needs.
That means more than just providing you with the lowest interest rate. The licensed mortgage experts at Canadalend.com also want to make sure you understand the fine print, like the terms and conditions, which, like low interest rates, can save you money and make your day-to-day life easier. This includes understanding the amortization period, whether your mortgage is a fixed or variable mortgage, whether it’s open versus closed, or whether it has an accelerated repayment program.
Here’s What Canadalend.com Offers
Canadalend.com can offer homebuyers in Caledon what the big banks can’t: options.
It wasn’t that long ago that you could have purchased a home in Caledon with no money down and a mortgage with an amortization period of 40 years.
Not anymore. Over the last number of years, the Canadian government has implemented tougher lending rules. This has made it much more difficult for many first-time home buyers in Caledon to get a mortgage and get on the property ladder.
For example, amortization periods have been slashed to 25 years and the minimum down payment for new government-backed mortgages has been raised to five percent.
Tougher lending rules have made it difficult for millions of everyday Canadians to secure a mortgage. If you’re self-employed, have declared bankruptcy, have bad credit or even no credit, have unreliable income, or are a non-resident, it’s a lot tougher to get a mortgage now than it was 10 years ago.
That’s what makes a mortgage broker like Canadalend.com so different. We are not bound by the same lending rules as Canada’s big financial institutions. We have a lot more flexibility when it comes to helping you find the mortgage or other financial products you need with the right private lender.
Canadalend.com’s Financial Services
- First mortgages for first-time home buyers
- Second mortgages in Caledon
- Residential mortgages in Caledon
- Mortgage refinancing in Caledon
- Commercial mortgage for businesses in Caledon
- Home equity line of credit (HELOC)
- Mortgages and tax arrears in Caledon
- Debt consolidation for bad credit in Caledon
- Home equity loans in Caledon
- Mortgages for those in Caledon with bad credit
This Is Why You Should Choose Canadalend.com!
If you’re interested in buying a property in the town of Caledon or already own one and want to tap the equity in your property, refinance or consolidate debt, are having trouble securing an industrial or commercial mortgage, or have been turned down by traditional lenders for any reason, call a licensed mortgage professional at Canadalend.com.
The mortgage agents at Canadalend.com have access to hundreds of different lenders, many who specialize in helping first-time home buyers, those who are self-employed, or even those who have no credit find a mortgage or other financial product.
The mortgage brokers at Canadalend.com can also get you pre-approved for a mortgage or loan in 24 hours or less.
To see what kind of mortgage or loan you qualify for, contact Canadalend.com today or apply online and a Canadalend.com mortgage specialist will set up an appointment for a free personal consultation at your earliest convenience.