Category: Market Commentary

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

Posted on appraisalsLeave 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 appraisalsLeave 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 appraisals3 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 […]

Elderly Orphans or Child Day Care?

Posted on appraisalsLeave a commentPosted in Brampton News, Caledon, Community Service, Market Commentary

There is a poignant biblical tale about Solomon declaring before two plaintiffs that the new born be sliced in two! One mother did not contest the ruling, declaring that if she could not have the baby then neither of them could, but the other begged Solomon.                                             “Give the Baby to her, just don’t kill […]

Could Rent Controls De-Couple the G.T.A Condo Market ? #RentControl #GTA #TREB

Posted on appraisalsLeave a commentPosted in Liberty Village, Market Commentary

The new 2018 rent control guidelines (https://www.ontario.ca/page/rent-increase-guideline) which now includes all private market housing units within the province. This new legislation will effect > 30,000 newbie landlords.  Most will be apartments in the sky. Please note that vacancy rates in the G.T.A are < .085%. This categorical evidence demonstrates that this is a vibrant city […]

3 Tiny Earth Day Resolutions That Can Make A World Of Difference!

Posted on appraisals1 CommentPosted in Burlington, Caledon, Liberty Village, Market Commentary

There is little argument that Facebook has had a very Bad Week! Factually It has dropped $60 billion in value in just the last few days, for corporate behavior that was most unbecoming! Facebook is also being accused by numerous psychologists of creating a massive vortex of loneliness & depression. These doctors claim that it […]

How Will The New Mortgage Rules Effect You & Your House Equity ?

Posted on appraisalsLeave a commentPosted in Liberty Village, Market Commentary

Check out the following articles/videos which easily explain the ramifications of these new rules. Please call any one of our 4 offices if you have any questions that remain unanswered. May everyone have a safe & festive Easter holiday! New mortgage rules 2018: A practical guide Could you pass the mortgage stress test? Here’s how […]