Check out the following articles/videos which easily explain the ramifications of these new rules. Please call any one of our 4 offices if you have any questions that remain unanswered. May everyone have a safe & festive Easter holiday! New mortgage rules 2018: A practical guide Could you pass the mortgage stress test? Here’s how […]
Peel’s Population is 1.38 million, growth rate of 6.5% from 2011. 1 in 10 Ontarians live in Peel Peel’s average age is 38 years 69 of Peel’s population is ages 15 – 64 78% of Peel’s high rise units are in Mississauga 84% of farm operators in Peel on the land they farm (mostly in […]
The Great Recession of 2009 demonstrated that a slowdown of economic activity can be predicated on rising household debt. This was specifically true in the USA but not exclusively. Recorded Household Debt to GDP ratios rose vigorously through 2002 & 2007. These gallant numbers correlated strongly with increases in unemployment through 2008 & 2011. […]
Home sales plunged 35% year over year in Toronto for the month for February, but does this belie the bigger picture? https://www.bnn.ca/rbc-chief-warns-foreigners-using-canadian-real-estate-as-piggy-banks-1.1019145 To the average homeowner or would be first time buyer the cacophony of real estate […]
The endogenous crowd of homeowners has in the last 3 months swung from mania to manic in their pursuit of the perfect home. Now millions of ears twitch at the eerie silence that has descended upon the G.T.A Real estate market. http://www.macleans.ca/economy/realestateeconomy/canadian-real-estate-sales-just-fell-the-most-since-2008-heres-why/ Please refer to this article from MacLeans for further reference If there […]
Perhaps now is that moment in time to make sure your financial house is in order ? If the music has stopped, as the data is truly starting to imply. Simple mathematics dictates there will not be enough seats for all those circling the room. IE:Canadian personnel debt levels now exceed 172 $ per hundred.(a […]
Once again provincial largesse has swelled the coffers of the thousand of government workers & those politically associated companies with tens of millions of tax payers money ! How many hundreds of millions of $ have been squandered on multiple redundant G.T.A west corridor studies ? The millions spent finally concluded what an average high […]
Last nights Lunar Trifecta should be an ominous penumbra for the G.T.A real estate market of 2018 & likely the early part of 2019. The bitterly cold temperature we are currently experiencing isn’t the only deep freeze as the once hot Toronto housing market experiences its own as prices drop and listings surge. This newly published […]
2018 will be the year where the centuries old adage of; Location, Location, Location will reign supreme! The New Federal Government Mortgage Qualification Stress Tests, which will be fully applicable in 2018. Will prove most difficult on property owners whom reside in many of the small towns & cities that form the backbone of this […]
https://www.theglobeandmail.com/report-on-business/video/video-drawing-conclusions-buying-a-home-what-will-it-cost-you-in-land-transfer-taxes-and-fees-across-the-country/article35013844/