Currently, nearly 100 uncompleted condo high-rises across the GTA are in financial jeopardy. At the same time, homelessness in Toronto is estimated to exceed 80,000. Such financial crises are often a playground for shrewd investors with deep pockets. But why should REITs and investment firms be the sole beneficiaries of the irrational exuberance from 2017 […]
Predicting the real estate market in Canada for 2025 involves assessing a range of economic, demographic, and policy factors. While no prediction can be exact, here are some potential trends and developments to watch for in the Canadian real estate market in 2025: 1. Price Stabilization or Slow Growth Current Trends: Canadian real estate prices […]
Finance Minister Freeland doubles down on eligible RRSP contributions and extends the repayment period. Will these initiatives make a difference? How can you take advantage of these new rulings? Simply Contact any of the Experienced Agents for a confidential discussion and embark on your journey toward homeownership. Read more here!
Repositioning the housing market is one of those annual conundrums. According to C.M.H.C, if the market place is to restore the factor of Affordability Canada will need to build approx. 3.5 million additional housing units by 2030. Fortuitously most people have heard the federal government announcement that immigration quotas will be reduced in 2024 from […]
If all things remain equal (Ceteris Paribus), interest rates are expected to decline through 2024/25. The extent of this decline is the trillion-dollar question. Meanwhile, 60% of property owners will be refinancing their mortgages. The newly posted rates are anticipated to increase a family’s monthly mortgage payments by at least 40%. Additionally, 20% of […]
Feeling Verklempt about the recent mortgage rates ? Apparently the Lone Ranger and Tonto are apparently riding to your rescue. The Government intends to introduce a New Canadian Mortgage Charter. Salient points: 1: Extended Mortgage Amortization Periods. 2: Allowing borrowers to switch lenders under the insured qualifying minimum rate. 3: Eliminate superfluous banking charges. (minimal penalties) […]
The wolf-like bite of higher global interest rates is now tearing into the very soul of the Canadian economy. Consumer spending is in decline, and home sales in the Greater Toronto Area (G.T.A) have dropped for the 4th month in a row. Additionally, nearly 20,000 condo pre-construction units have been pulled off the G.T.A real […]
Are you in the midst of buying or selling a property, assessing an estate, or exploring investment opportunities? If so, hiring a professional appraiser could be one of the smartest decisions you make. Appraisers bring a wealth of knowledge, expertise, and unbiased perspective to the table, ensuring you have a reliable and accurate assessment of […]
Confused by all the repeated references about a pending recession? All the while companies of every description struggle to find qualified employees. How does a scenario of full employment translate into a recession? Perhaps the substance behind the argument for a pending recession, can be found by examining an integral part of our shadow economy? […]
Baffled by the Vagrancies of the Mortgage refinancing market? Know that you are not alone! CMHC has been quoted that their “Mortgage refinances requests have dropped by 32%”. Despite Canadians being personally the most indebted G7 nation. Combined with mortgage payments skyrocketing because of the 450 basis point hike in rates. Why are […]