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 […]
The new 2018 rent control guidelines (https://www.ontario.ca/page/rent-increase-guideline) which now includes all private market housing units within the province. This new legislation will effect > 30,000 newbie landlords. Most will be apartments in the sky. Please note that vacancy rates in the G.T.A are < .085%. This categorical evidence demonstrates that this is a vibrant city […]
There is little argument that Facebook has had a very Bad Week! Factually It has dropped $60 billion in value in just the last few days, for corporate behavior that was most unbecoming! Facebook is also being accused by numerous psychologists of creating a massive vortex of loneliness & depression. These doctors claim that it […]
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 […]