Promising a Tumultuous 2019!

Posted on Leave a commentPosted in Brampton News, Burlington, Caledon, Hamilton, Liberty Village, Market Commentary

Political socioeconomic issues, such as Brexit, Russian hegemony, Merkeldammerung of Germany, global corporate debt, intellectual hacking, volatility within equity markets, 65 million plus global migrants, Totalitarian toned populism, global warming, etc. will remain contentious and largely unresolved. Most people wonder, why and how, do these distant and murky questions effect my life? Firstly, these hot button […]

The Decoupling of the GTA Condo Market

Posted on Leave a commentPosted in Liberty Village, Market Commentary

Will 2019 herald in the Desperate Condo Developer? Just look over your shoulder and analyze what has transpired through 2018;  Literally dozens of condo building sites throughout the GTA have been mothballed for a  variety of concocted reasons.  IE: The price of concrete & steel has skyrocketed.  Communication issues such as receiving building permits in […]

Nostalgia versus the tangible now! BOC indicates prime rate at 3% very soon!

Posted on Leave a commentPosted in Market Commentary

https://beta.theglobeandmail.com/investing/personal-finance/article-the-bank-of-canada-wants-interest-rates-back-to-normal-heres-what/ Nostalgia like our memories are more likely to be shaped by the more pleasant aspects of reminiscing. Take for example the recession of the early 90’s. The economy truly shuddered, interest rates were north of 10%, unemployment rose 40% to > 12%. Home prices plunge by nearly 50% over a 3 to 4 year […]

The Would Be Donald Trumps Are Everywhere!

Posted on Leave a commentPosted in Brampton News, Caledon, Liberty Village, Market Commentary

The provincial government is talking about imposing a speculators tax.  Perhaps as the Scottish philosopher & economist Adam Smith indicated, things should be left to the invisible hand of the market place. Several verifiable sources have repeatedly indicated that at least 1 in 5 brand new homes are not closing. If prices continue to adjust, […]

Seniors & Affordable Housing; G.T.A Rental Vacancy Rates now < 1% #TREB #GTA #RealEstate

Posted on 3 CommentsPosted in Caledon, Market Commentary

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 […]