Loading...

MARKET PROGNOSIS FOR 2018

Monday Jan 08th, 2018

Share

  2017 Was a Bumpy Ride for Real Estate In Canada. Would 2018 Be a Smooth Sailing? FOR BUYERS: There are two strong headwinds when it comes to buying activity in 2018: Tighter mortgage lending rules and the threat of higher interest rates. Because of tighter mortgage lending rules, buyers simply can’t afford to buy the same house as they would have in 2017. This could mean shaving anywhere from 5% to 25% off your maximum house-price budget—although consensus shows it... [read more]

MARKET STATISTICS - SEPTEMBER 2017

Friday Oct 06th, 2017

Share

  The average Toronto area re-sale home price rose by about $43,000 or 6 per cent in September compared with August — a sign, say some realtors, that the slumped market is waking up, or at least leveling off. "The increase in price is seasonal, but it's still a positive sign because it tells you the market isn't falling further" (Realosophy) The average September home price of $775,546 was 2.6 per cent higher — about $20,000 more — than the... [read more]

READ MORE

Let's Chat Email Your Questions