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Holly Taylor  & Cole Taylor Mortgage Professionals

Holly Taylor & Cole Taylor

Mortgage Professionals


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387 Mapleview Drive West, Barrie, Ontario

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Why call Holly & Cole for your next Mortgage?

We are full-service, full time, mortgage agents.  Our ONE priority is to provide our valued clients with the very best mortgage solutions available in the Canadian market place.   We understand that our clients have unique needs and circumstances, which is why we work with over 30 lending partners.   This ensures healthy marketplace competition for your next mortgage.  No more need to run from one bank to another, as we are your one point of contact, specifically sourcing your mortgage to meet your financial goals.  

 

Along with providing great mortgage products, we value our reputation for honest service and transparency, and we are delighted to advise you on every detail of the mortgage process allowing you to make informed decisions about what is right for you and your family.

 

With over 25 years combined, in real estate and mortgage financing, we offer extensive industry experience.  And should your circumstances be a bit more challenging and require “outside the box mortgage solutions” we understand that too, and we only want the opportunity to make it easier.


BLOG / NEWS Updates

Building construction price indexes, first quarter 2022

National Overview Residential building construction costs increased 5.6% in the first quarter of 2022, the highest increase since the second quarter of 2021. Non-residential building construction costs were up 2.6% in the first quarter. Contractors surveyed attributed part of the growth in building construction costs to the rise in labour costs, and a surge in the number of vacancies for construction trades has contributed to increased wages in these occupations. In addition, amid rising fuel prices, contractors cited that a larger share of their expenses were now allocated to the transportation of their building materials. Increase in price growth for residential building construction Growth in residential building construction costs accelerated during the first quarter of 2022, after moderating in the previous two quarters. The majority of the 11 census metropolitan areas (CMAs) covered by the survey recorded larger quarterly increases than the previous two quarters. Rising residential construction costs were largely driven by rebounding softwood lumber prices. Costs to construct residential buildings increased the most in Calgary (+6.9%), followed by Edmonton and Toronto (both up 6.8%). While the construction costs to build a single-detached house in Toronto grew the most in the first quarter, the cost to build townhouses rose the most of all the buildings in scope for the survey in both Calgary and Edmonton. It is interesting to note that the rise in residential construction costs in Calgary and Edmonton coincided with the highest monthly increases recorded in new housing prices in over 15 years, with Calgary recording its recent high in March 2022 (+5.2%) and Edmonton reaching its recent high in February (+3.7%). Source: https://www150.statcan.gc.ca/n1/daily-quotidien/220505/dq220505b-fra.htm?indid=18843-2indgeo=0

Home sales drop in April as mortgage rates shoot higher

Home sales recorded over Canadian MLS Systems dropped by 12.6% between March and April 2022. The decline placed monthly activity at the lowest level since the summer of 2020. While the national decline was led by the Greater Toronto Area (GTA) simply because of its size, sales were down in 80% of local markets, with most other large markets posting double-digit month-over-month declines in April. The exceptions were Victoria, Montreal and Halifax-Dartmouth where sales edged up slightly. The actual (not seasonally adjusted) number of transactions in April 2022 came in 25.7% below the record for that month set last year. That said, as has been the case since last summer, it was still the third-highest April sales figure ever behind 2021 and 2016. Following a record-breaking couple of years, housing markets in many parts of Canada have cooled off pretty sharply over the last two months, in line with a jump in interest rates and buyer fatigue, said Jill Oudil, Chair of CREA. For buyers, this slowdown could mean more time to consider options in the market. For sellers, it could necessitate a return to more traditional marketing strategies. Of course, there are significant regional differences, so your best bet is to contact your local REALTOR. They have the information, guidance negotiation skills to help you navigate this rapidly-changing market as it evolves, continued Oudil.

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