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/
The Globe and Mail The wild home prices of every Toronto area region. (And, wow, Georgina) MICHAEL BABAD PUBLISHED APRIL 20, 2017UPDATED JUNE 5, 2017 FOR SUBSCRIBERS BRIEFING HIGHLIGHTS Home prices surge across Toronto area Ontario unveils plans to fight bubble GM says Venezuela illegally seizes plant WestJet looks to launch no-frills airline 42.4% ANNUAL […]
“Harmonizing” the municipal tax with the provincial land-transfer tax will still add a $750 cost for other homeowners who are moving! No change for the homeowners but an eye opener!
Why and How you ask? … Take note of the following points: 1. A strategic shortage of supply: Reports from the Real Estate Council of Ontario published the lowest number of residential listings in the last 20 years, despite the average house tripling in less than 20 years. Please note the Average Price Annual Percent […]