Mortgages by Suzan Morrison

Happy Easter everyone!

New Construction hits the highest level in 10 years. An article published by the Business Financial Post indicates the market may be cooling as more homes become available. In many cities across the GTA, more 'inventory' has made itself available which gives more buyers more options. But what does this mean for property prices? Well, even a small influx of more houses could cause a correction. Some studies suggest March sales were a little less on average. What do you think...? Are those for sale signs staying up a bit longer? http://business.financialpost.com//new-construction-hits-h

No wonder GTA real estate is treated like the TSX! #gtarealestate #barbaradeangelisrealestate

Thank you to my clients :)

We know, your barber told you home prices can only go up. The province however, is a little less optimistic about home prices rising forever. The provincial financial watchdog, the Financial Accountability Office of Ontario (FAO), has been modeling future revenues for the province. In their latest report, they’re forecasting a much cooler real estate market. According to FAO’s most optimistic scenario, the average home price in 2020 will be close to today’s level. Here’s a breakdown of their forecast, and how a cooler market will affect provincial revenues. https://betterdwelling.com/ontario-financial-watchdog-star/