Peel Real Estate Investment Club
345 Steeles Ave. East L9T 8M9 Milton, ON, Canada

A quality video proposed by BNN Bloomberg News that beauifully "ties a bow" on the current Covid19 infused local GTA real estate landscape and the "promises that lie ahead" amidst the challenges of the pandemic. A local developer capitulates to resiliency of the Canadian real estate market as being a "long-term play/investment" and that foreseeable plans to incentivize migrants to relocate to Canada in addition to a "softening" of adminsitrative bureaucracy for residential de...velopers will ultimately attack the supply issue and lead to a densification of Canadian urban centres. In short, over the next year or so, may be a "buyer's/investors" best and only foreseeable opportunity to look for property at a discounted price before external pressures force the market to new-all time highs. https://www-bnnbloomberg-ca.cdn.ampproject.org//canadian-h See more

New Rent Assistance program receives royal assent and has been officially launched while the Canada Emergency Wage Subsidy has been extended to float many small businesses through the choppy waters amidst the wake of the Covid19 pandemic. Could be useful information if you or someone you know is struggling to make ends meet over the next few months.

City News reports that the 905 is driving record sales figures in the GTA.

Toronto homes sales soar to record highs for September, but the news is mixed with alarming concern over the condo market that saw rental listings up 147% resulting in rent values dipping by 14% year-over-year. It will be interesting to see if this trend continues over the course of the next few months.

Here's an interesting link that I came across detailing "to the second" debt clocks/readings on various/select countries in the world that compare national debt to GDP ratios that have significant implications on the financial health of a particular country and their ability to effectively "repay" borrowed funds.

Just an FYI. Ford Government steps in and passes "rent control" legislation that will put a freeze on increases to rent for 2021.

This article suggests that there will be a wave of demand once the dust settles as it relates to the Covid19 pandemic suggesting that Ontario will be facing a need for approx. 200,000 rental units over the next 10 years.

Interesting "short" read concerning Canada's Banking Regulator to begin "Phasing Out" special mortgage payment deferrals commencing this month. The article also cautions of a potential "deferral cliff" that appears to be looming ominously in the background. Contact a mortgage professional for various (short/long term) strategies to better get a handle on such "unforseen/unpredictable" circumstances. Just keeping you informed. Have a safe and blessed day!