Industry leaders are cautioning agents working Toronto’s west end, warning them about a seemingly ideal client intent on luring them to vacant properties.
Four months after having its hand slapped by TREB, this online brokerage is closing its doors.
Looks like mortgage rate increase on horizon similar as it was at the Southern neighbor just a few years ego
I recently noticed a trend in my area of North York of people in the baby boomer age bracket, but still working, cashing out of their house to builders or first time buyers at prices over $1.1 million for a 70 year old falling apart house and then " renting an apt or house". What does that tell you. I am in the same status currently. Our thinking in our age bracket of having been through at least 3-4 serious recessions is that this upward market can't continue at these levels of increases.I meet young couples telling me they have been prior approved for $1 million dollar mortgages? If one of them loses their job or mortgage rates rise they will be in serious trouble. Unfortunately many of these young couples are now depending on their parents, who should be retiring into lending or gifting them money putting the parents in a financial bind especially if there is more than 1 child looking for a home or condo.To me the more sensable strategy is for the parents to buy a house that the kids can be partners in , and is large enough to support several kids , pets and children and ultimately the house will be inherited by the children hopefully mortgage free.
Leading players in real estate and architecture will present the second biennial edition of Toronto of the Future
Changes reflect greater focus on advocacy and core member services, says CEO Tim Hudak
Blue Pearl Mortgage Group Inc. is expanding its footprint once again, this time with services in Ontario