The Elephant in the Room: Household Debt Deep water is much less scary if you are a good swimmer, and if you aren’t attached to a 6000kg elephant! Several Canadians are trying their best to stay above water, by seeking assistive measures to manage household debt. If household debt is a familiar issue for you, […]
First off, may all of us at Accurate Appraisals & Heritage Caledon Realty wish everyone a most festive holiday season. Secondly, did you know that the next decade has been labelled the “Yold”. To elaborate, for the first time, mankind will have more people over the age of 60 than individuals under 20 years of […]
Toronto is still defying all housing expectations! Presently, there are 162 residential high rise cranes operating throughout the city; this is more than NYC, LA & Chicago combined. Despite this decade-long building boom, prices across the board continue to percolate upward. So where does one find affordable entry level housing in the core of the […]
What Could Go Wrong? During each federal election, the intended policies offered by each candidate will always have varying opinions depending on which Canadian you speak to. Conservative Party leader Andrew Scheer has discussed a plan that is certainly a topic of debate. This latest proposition is that the Bank of Canada removes the financial […]
Mortgage Professionals of Canada estimate that at least 5,000 home buyers will annually be beneficiaries of the new Federal government first time buyer program. The National Housing Agency is committed to spending $1.25 billion over the next 3 years. The government will pay up to 10% of the purchase price in exchange for a stake […]
The newly proposed federally funded firt time buyer program could create a tsunami with in the G.T.A for entry level housing! This program, which is slated to commence by mid September, enables qualified first time buyers to borrow (interest free) between 5 and 10 Percent of their down payment. If you would like more information, […]
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 […]
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 […]
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 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, […]