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Accurate`s female Appraisers are asking: Have Canadian interest rates peaked? These Charts might help explain.
Category: Market Commentary
Riding the whirlwind. Canadian Home Owners riding with Variable Rate Mortgages.
Amid the current state of Canada’s housing market, many Canadian homeowners with variable-rate mortgages are “riding the whirlwind” of rising interest rates. CIBC has revealed that nearly three-quarters of its clients with variable-rate mortgages have reached their trigger rate, which is the rate at which they must convert to a fixed-rate mortgage due to Bank […]
3 Important Points to Utilize when Buying a Home
Buying a home normally represents One of the Biggest Financial decisions of your lifetime ! First off Don`t rush, The hyperbola of 2021 and earlier has passed. Start by being prepared make a list of wants and needs. Start with Location! Act prudently: Protect yourselves by; 1: Prearranging Approved Financing. (in writing) Shop around find […]
The year of reckoning 2023
Are you tired of hearing the same old news from all those ultra-perky and ubiquitous fair-weather realtors? Such as; “House Prices have sunk by >1 % per month since February 2022 but the Real Estate market is solid!” (Accurate Peel Appraisals predicted this years ago) “Home Prices are reflective of Demand and Location.” (Really, […]
Pennies from Heaven!
Bill 23 Advocates that Municipalities Forgo all Development Charges and Parkland Dedication fees. Presently the city of Toronto is estimating that the 2022 deficit will exceed $800,000,000 Mayor Tory is already genuflecting to numerous Ottawa mandarins for Financial assistance. If Laneway and Nanny suites must conform to municipal building codes. Then why would these additional residences not […]
Waiting On A Change
This past week HWY 10 has witnessed two fatal collisions. This resulted in the death of two citizens along with closure of the Hwy for many hours. Our community has been petitioning for change for decades. Perhaps this humorous video might lend insight to the ridiculous inertia facing the desperately needed highway 10 safety upgrades. Meanwhile may […]
Where too Next?
Felling lightheaded by the recent Real Estate Market Gyrations. Know that you are not alone! Pointedly until interest rates stop rising and begin to level off. G.T.A Home prices will probably continue their negative trajectory. How steep and long will the trajectory become is a multi-billion dollar question. Certain financial triggers can be found in such […]
Interest Rates Went Up Again. What’s Next?
Bank of Canada Benchmark Rate is now at 3.25% and climbing. What is the benchmark rate? That is the rate at which the BOC lends Money to its first-tier lenders. This has resulted in the highest prime rate charged by our tier 1 lenders in 15 years. The jury of public opinion remains out […]
Our Holiday Weekend Wish – Shop Local and Praying for Peace!
Be sure to get out and spend some time with the ones you love and enjoy some fun in the sun!
Reach For The Top!
Few can contest that the G.T.A housing market has become a raging inferno. Factually home prices have tripled inside 10 years with the biggest % increase occurring in the last 2 years. According to TREB “Toronto`s Average Home Price set another record in January, nearing $1.3 million.” Most of us can acknowledge that the primary […]