Mortgage Professionals of Canada estimate that at least 5,000 home buyers will annually be beneficiaries of the new Federal government first time buyer program. The National Housing Agency is committed to spending $1.25 billion over the next 3 years. The government will pay up to 10% of the purchase price in exchange for a stake […]
The newly proposed federally funded firt time buyer program could create a tsunami with in the G.T.A for entry level housing! This program, which is slated to commence by mid September, enables qualified first time buyers to borrow (interest free) between 5 and 10 Percent of their down payment. If you would like more information, […]
Political socioeconomic issues, such as Brexit, Russian hegemony, Merkeldammerung of Germany, global corporate debt, intellectual hacking, volatility within equity markets, 65 million plus global migrants, Totalitarian toned populism, global warming, etc. will remain contentious and largely unresolved. Most people wonder, why and how, do these distant and murky questions effect my life? Firstly, these hot button […]
Will 2019 herald in the Desperate Condo Developer? Just look over your shoulder and analyze what has transpired through 2018; Literally dozens of condo building sites throughout the GTA have been mothballed for a variety of concocted reasons. IE: The price of concrete & steel has skyrocketed. Communication issues such as receiving building permits in […]
https://beta.theglobeandmail.com/investing/personal-finance/article-the-bank-of-canada-wants-interest-rates-back-to-normal-heres-what/ Nostalgia like our memories are more likely to be shaped by the more pleasant aspects of reminiscing. Take for example the recession of the early 90’s. The economy truly shuddered, interest rates were north of 10%, unemployment rose 40% to > 12%. Home prices plunge by nearly 50% over a 3 to 4 year […]
The provincial government is talking about imposing a speculators tax. Perhaps as the Scottish philosopher & economist Adam Smith indicated, things should be left to the invisible hand of the market place. Several verifiable sources have repeatedly indicated that at least 1 in 5 brand new homes are not closing. If prices continue to adjust, […]
The non declared $ policy, being advocated by the Bank Of Canada, has seen the Loonie drop 10% points or more within a year relative to the Greenback. It’s anybody’s guess to how much lower the $ may drop as the interest rate spread widens between the American Fed & our BOC. Having a 68 […]
Less than 1% rental vacancy rates basically encapsulates the dire immediate need for innovative municipal & provincial changes to zoning by laws. There is also an inherent warning against politically pandering to the exploding wave of nimby-ism that is exploding throughout all our hamlets, villages and boroughs of the G.T.A. Presently, Nearly 65% […]
Canada`s average home price is now just shy of $500,000. Toronto`s average home price remains near $900,000. These inflated prices mean that an individual or a couple must spend > 8.5 times their annual income to afford a modest home in the GTA. . Fear not, Toronto pales in relation to Vancouver. Where an average […]
There is a poignant biblical tale about Solomon declaring before two plaintiffs that the new born be sliced in two! One mother did not contest the ruling, declaring that if she could not have the baby then neither of them could, but the other begged Solomon. “Give the Baby to her, just don’t kill […]