Binu Rajaratnam 

Sales Representative

Phone: 905.822.6900   Mobile:  416.659.4576   Email:
Binu Rajaratnam

Buying or selling a home is a major decision and understanding the Real Estate market trends can be challenging. I love having the opportunity to provide my buyers and sellers with key market information, attentive and personalized service that will help you make an informed decision about your most valuable asset – your home. 


Greater Toronto Area REALTORS® reported 8,082 home sales through TREB's MLS® System in June 2018 – up 2.4 per cent compared to the low June 2017 result. After preliminary seasonal adjustment, sales were also up 17.6 per cent on a monthly basis between May 2018 and June 2018.
"Home ownership has proven to be a positive long-term investment. After some adjustment to the Fair Housing Plan, the new Office of The Superintendent of Financial Institutions (OSFI) stress test requirement and generally higher borrowing costs, home buyers are starting to move back into the market, with sales trending up from last year's lows.
The average selling price edged up by two per cent on a year-over-year basis to $807,871 in June 2018. After preliminary seasonal adjustment, the average selling price was also up by 3.3 per cent month-over-month between May 2018 and June 2018. The MLS® Home Price Index (HPI) was down by 4.8 per cent on a year-over-year basis, but remained basically flat month-over-month.

OPEN HOUSE!! Saturday June 16th, 2-4 pm.

1837 Truscott Drive Mississauga

Backing On Quiet Park, Top To Bottom Renovated. This Well-Maintained Home Features Exterior Stucco(2012), Covered Front Porch, Spacious Living/Dining W/Fireplace, Bay Window O/L Park, 4 Good Sized Bedroom, Master Ensuite At Ground Level W/To Garden, Garage(11), Harwood Floor T/O(2012-18), Stairs(12), Roof(12), Deck(12), Basement(18), Power Panel (12), 3 Updated Baths (2012-18), Kitchen W/Granite C/T (Home Depot'12), Modern Lighting(18), Access To Garage and Walking Distance To All Schools.
Call me or message me at 416-659-4576 for more information on this beautiful listing.


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The Toronto Real Estate Board has reported a 22-per-cent drop in the number of homes sold in GTA in May 2018. The decline in listings is helping keep prices stable with the average selling price rising 1.1 per cent in May compared to April on a seasonally adjusted basis. "Market conditions are becoming tighter in the Greater Toronto Area and this will provide support for home prices as we move through the second half of 2018 and into 2019," said Jason Mercer, TREB’s director of market analysis. Mr. Mercer said there are emerging indications that there is increasing competition and bidding wars for available homes, which generally leads to stronger price growth.


Sales through the TREB MLS in April 2018 on a year-over-year basis were down by just over 32 per cent. Compared to April 2017, which had the highest average sale price on record for the Board, April 2018’s average selling price was down by 12.4 per cent. April’s average sales price was 0.2 per cent below the average sales price in March this year. The month-to-month sales numbers suggest a leveling over the past two months from the drops seen in January and February of this year, and might further indicate that the impact of the tougher new mortgage qualification rules introduced January 1st may already be moderating.


Sales reported in March 2018 on a year-over-year basis were down by 39.5 per cent. The effects of the Fair Housing Plan, the new OSFI mandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings.

OPEN HOUSE!! Saturday/Sunday, April 7th and 8th, 2-4 pm.

754 Fourth Line, Milton (Beaty)

Gorgeous Det. Luxury Home In Sought After "Beaty" Milton! Will Surely Impress! This Majestic Move In Ready 4 Bdr, 4 Bth Home Boasts Gleaming Hrdwd Flrs, Lrg. Principal Rms, Spacious Open Concept Mnflr. And 2X Mstr Bdrms. Your Family Will Enjoy Walks Along The Escarpment And Conservation Areas! Enjoy Summers Relaxing In Your Saltwater Pool W/ Limestone And River Rock Detail. Clse To Schls, Hwy, Go, Ski, Golf, Rec.Ctre.Too Many Amenities To Mention! A Must See!
Call me or message me at 416-659-4576 for more information on this beautiful listing.

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OPEN HOUSE!! Saturday/Sunday March 24th/25th, 2-4 pm.

2300 Cheverie St, Oakville

Located At The Most Prestigious South East Oakville - East Lake. Extra Deep (50X171) Lot, 4 General-Sized Bedrooms, Newly Reno White Kitchen (2018), Spacious Breakfast Area, Sep Dining/Living, Formal Family Rm W/Fireplace/Looking Back Yard, Hardwood On 1st & 2nd Floor (2018), 2 New Baths (2018), Spiral Staircase, Designer's Deco, Cul-De-Sac, Children Safe, Top Ranking Trafalgar S. School, Walk To Lake Ontario, Lakeshore Property.

Call me or message me at 416-659-4576 for more information on this gorgeous listing.

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Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported 5,175 residential transactions through TREB’s MLS® System in February 2018. The number of new listings entered into TREB’s MLS® System totaled 10,520, a 7.3 per cent increase compared to the 9,801 new listings entered in February 2017. However, the level of new listings remained below the average for the month of February for the previous 10 years.
Prospective home buyers are still coming to terms with the psychological impact of the Fair Housing Plan, and some have also had to reevaluate their plans due to the new OFSI-mandated mortgage stress test guidelines and generally higher borrowing costs.
The MLS® Home Price Index Composite Benchmark was up by 3.2 per cent on a year-over-year basis for the TREB market area as a whole. This growth was driven by the apartment and townhouse market segments, with annual benchmark price increases of 18.8 per cent and 7.5 per cent respectively. Single-family detached and attached benchmark prices were down slightly compared to February 2017. The overall average selling price for February sales was down 12.4% year-over-year to $767,818. However, putting aside the price spike reported in the first quarter of 2017, it is important to note that February’s average price remained 12 per cent higher than the average reported for February 2016, which represents an annualized increase well above the rate of inflation for the past two years. Expect stronger price growth to continue in the comparatively more affordable townhouse and condominium apartment segments.
Despite the increase in active listings, an absorption rate calculation indicates there is 2.8 months of inventory. By industry standards, this is considered a fast, seller’s market, with the likelihood to push prices up as we head into the spring market.


Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 4,019 residential transactions through TREB’s MLS® System in January 2018. This result was down by 22 per cent compared to a record 5,155 sales reported in January 2017. The number of new listings entered into TREB’s MLS® System amounted to 8,585 – a 17.4 per cent increase compared to 7,314 new listings entered in January 2017. The outlook pointed to a slower start to 2018, especially compared to the record-setting pace experienced a year ago.
As we move through the year, expect the pace of home sales to pick up, as the psychological impact of the Fair Housing Plan starts to wane and home buyers find their footing relative to the new OSFI mandated stress test for mortgage approvals through federally regulated lenders,” said Mr. Syrianos. The MLS® Home Price Index Composite Benchmark was up by 5.2 per cent year-over-year. This annual rate of growth was driven by the condominium apartment market segment, with double digit annual growth versus the single-family segment, with prices essentially flat compared to last year. 

OPEN HOUSE!! Sunday, February 18th from 2-4 pm.

2303 Newcastle Crescent, Oakville

Absolutely Gorgeous 3+1 Bedroom 2 Storey Semi With Finished Lower Level. Over 2,800 Sqft Living Space. Hardwood Floor Thru-Out Main Level And Second Floor. Spectacular White Kitchen With Quartz Counter And S/S Kitchen Appliances.

Call me or message me at 416-659-4576 for more information on this stunning listing. 

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OPEN HOUSE!! Saturday, February 17th 2-4 pm

3311 Charlebrook Court, Mississauga

Located At A Quiet Court, This Well-Maintained, Larger 4 Bdrm 4 Bath All Brick Home Offers Higher Ceiling At Entrance, Bright and Spacious entrance into Separate Living and Dining rooms. Family Rm With Fireplace.

Call me or message me at 416-659-4576 for more information on this gorgeous listing.

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As we approach this Christmas holiday season lets make time for family time.

Families are like gardens, the more you water them, the more spectacularly they bloom. Children who spend time with their parents participating in activities together build a positive sense of self-worth. When children feel that they are valued by their parents, they feel more positive about themselves. Family activities don't have to be expensive or luxurious to be meaningful. Take a walk together, go for a bike ride or play a game of basketball in the driveway. The important part is just being together and enjoying each other's company. Here are some fun activities to do as a family this Christmas season besides shopping. Enjoy and make memories!!
Cavalcade of Lights
The Cavalcade of Lights features the lighting of Toronto’s official Christmas tree, performances by some of Canada’s top musical talent, a beautiful fireworks show and a DJ skating party.
Saturday November 25
Nathan Phillips Square
100 Queen Street West, Toronto, Ontario M5H 2N2
Streetsville's 2nd Annual Christmas in the Village Festival
The Streetsville BIA is excited to present the second annual Christmas in the Village festival: a weekend full of free activities and entertainment for all ages!
November 25 – November 26
Nov 25 at 2 PM to Nov 26 at 4 PM
Queen Street South and Main Street, Mississauga, Ontario L5M 1L6

Read more..


October Stats pointing to stronger Market conditions in the GTA. Residential sales showed an above-average unit sales increase between September and October 2017 of almost 12%. Condominiums were a key driver of both this increased number of sales and an overall 2.3% increase in selling price for October transactions compared to October of 2016. A recent Urbanization report forecasts that 2017 will set a new record for condo sales in the GTA with 12,000 units becoming available this quarter, pushing total sales to 34,000, up from 27,000 in 2016.
​See below file for detailed information.

Update To Mortgage Underwriting Guidelines


TD Economics

Further to the announcement issued on October 25, 2017 by the Office of the Superintendent of Financial Institutions (OSFI), I wanted to provide you with an update on Guideline B20 - Residential Mortgages Underwriting Practices and Procedures. These changes come into effect on January 1, 2018 and will require customers to qualify for a mortgage or Home Equity Line of Credit at the five-year benchmark rate or the customer's discounted contractual rate +2%, whichever is greater, regardless of the chosen contractual mortgage term.
OSFI is implementing these changes for all federally regulated banks to follow due diligence in mortgage underwriting practices. Customers may experience a reduction in the total amount they qualify to borrow as result of the changes.
How will this might impact affordability?
Expect the average Canadian's home purchasing power for a given income to be reduced 15-20%. Here's an example of the impact a new qualifying rate will have on the maximum mortgage proceeds and home purchase price. A customer's maximum mortgage amount will be influenced by other factors including the term selected, variable or fixed rate, product selected, amortization, other debt obligations, and credit score. This example applies to mortgages only.  Amounts are based upon a combined Canadian family income of $75,000, 5-year fixed term mortgage at a target rate of 3.39%, 25-year amortization, $100,000 available for down payment, and $700 in other monthly debt obligations:
  Up to December 31, 2017 After January 1, 2018
Target Rate 3.39% 3.39%
Qualifying Rate 3.39% 5.39%
Maximum Mortgage $400,000 $325,738
Available Down Payment $100,000 $100,000
Home Purchase Price $ 500,000 $425,000
Changes to the existing policies and procedures may impact applications before or after January 1, 2018. The table below outlines how TD will manage these applications before or after the effective date.
Timeline: Pre-Approval: Purchase Transactions:
Before January 1, 2018 Pre-Approvals committed before January 1st will remain valid up to 120 days following the initial credit decision. Approved applications closing beyond January 1st will remain valid; no re-adjudication is required as a result of the qualifying rate update.
On and after
January 1, 2018
Any material changes to the request post January 1st may require re-adjudication using updated qualifying rates. Material changes to the request post January 1st may require re-adjudication using updated qualifying rate rules.

If you are a buyer looking for pre-Approval please contact Hema Amin.

Hema Amin / Manager, Mobile Mortgage Specialist / GTR / TD Canada Trust/ M: 416 356-5619 / F: 1 855-220-8845



November 2017 has provided us with another interesting set of stats for the Toronto Real Estate Board MLS.  Most notable is the average selling price for all home types in the GTA down 2 per cent compared to a year ago. However, as price increases in November 2016 were at an anomalous 22.7% over the previous year, a 2% drop suggests only the slightest of adjustment in the direction of affordability.

Renting vs Buying a question many are asking.

Renting vs buying a question many are asking.
If you're a renter then chances are you have high hopes of owning your own home one day. You want to put those rent payments towards something you'll eventually own, and the closer you get to finally achieving the goal, the better you feel. But, while you're saving up for that down payment, are you doing anything else to prepare? Take a look at the following tips to help you get closer to finally owning your own place!
Look at Your Credit Score in the Eye
If you don't already know what your credit score is, then it's important to become familiar with it. Most lenders won't give you a decent loan if your credit isn't in shape, and that's why you need to know what your score is. If it's not where you want it to be, then try to take out credit accounts so you can start building better history.
Learn About Being a Homeowner
A lot of people are surprised to learn that being a homeowner comes with a lot of expenses.
Some Homeowner costs are…..
Earnest money which the Seller after accepting the offer, the seller deposits the earnest money funds into an escrow account, and the amount is credited against your closing costs.
Down the percentage of the home’s purchase price that you pay upfront, typically at closing.
Home Appraisal. To ensure that the offer price matches the actual value of the home, lenders require a home appraisal prior to approving the loan.
Home Inspection. Licensed home inspectors are trained to find potential problems and defects that might not be apparent to an inexperienced buyer doing a casual walkthrough.
Property Taxes. Since property owners pay property taxes upfront, usually in six-month increments, you need to compensate the seller for taxes paid on the period between the closing date and the end of the current tax periodFirst Year’s Homeowners Insurance. Lenders require proof of homeowners insurance prior to closing.
Other Closing Costs. As a rule of thumb, you can expect your total closing costs to range from 2% to 4% of the purchase price.
Homeownership also involves many recurring costs.
Loan Payments. You need to make monthly principal and interest payments for the life of your mortgage loan, usually 15 or 30 years. If you have a fixed-rate mortgage, your loan payment remains constant for the full term. If you have a variable-rate mortgage, your rate gets tied to a benchmark and your payment varies as the benchmark changes.
Property Taxes. Property taxes are part of your monthly escrow payment – you pay one-twelfth of your annual tax burden each month.
Homeowners Insurance. As with property taxes, you pay one-twelfth of your annual homeowners premium with your monthly escrow payment.
Utilities. As a homeowner, you’re responsible for paying all utilities and local services on your property: water, gas, electric, garbage and recycling, cable and Internet, and perhaps more.
Maintenance. As a general rule of thumb, you can expect to pay 1% of your home’s value per year on maintenance and wear-related replacements and repairs.
Homeownership also comes with somewhat less-predictable costs that occur only once or at irregular intervals.
Furnishing. If you’re a first-time home buyer, your new home is probably larger than your previous space. That means you need to buy furniture and fixtures, even if you owned some or all of the furnishings in your rental.
Moving Costs. Whether you hire a team of movers or rent a truck and take a DIY approach, moving can range in cost from around $100 or $200 to more than $1,000, depending on how much you have to move and what you can accomplish on your own.
Repairs. You’re responsible for paying to repair any damage that isn’t covered by insurance.
Improvements and Renovation Projects. Though improvement and renovation projects can boost your home’s appraised value, that’s not guaranteed to be reflected in its eventual sale price.
A quick comparison

  ​Renting ​Buying
​Costs ​Likely lower monthly costs
Fixed monthly costs
Pay a deposit of a month’s rent
May pay a deposit for damages
​Likely higher monthly costs with mortgage, property taxes, utilities, maintenance, furnishing and decorating
Pay interest to the bank on mortgage
Possible unexpected repair costs
​Investment potential ​Rent money goes to your landlord ​Build equity as you pay off mortgage
​Income potential ​May be able to create income by renting out rooms or subletting ​Can create income by renting out or borrowing against your home
Maintenance ​Not responsible for maintenance, but dependent on landlord to make timely repairs Responsible for maintenance and repairs
​​Commute ​Higher rents in prime areas but you save time and money on commute ​Affordable houses in suburban areas mean you spend more time and money on commute
​Flexibility to move ​Can move out almost whenever you want ​Harder to move quickly as can take time to sell

Read more.