Dear Friend, I was pleasantly surprised to see that the Toronto Real Estate Board reported 4,01...9 residential transactions in January 2018. Honestly, I thought the number would be much lower due to many buyers purchasing in December to take advantage of the old mortgage qualifying rules.
Dear Friend, It was a rollercoaster ride of action, the highs and lows brought abou...t by government’s decisions to try to slow down home prices increases utilizing adverse policy changes.
Today's super-empowered consumer knows they can research anything they need or want online. But ...while people are still searching for specific products, they are increasingly turning to search before they've even figured out what to buy. Ultimately they are looking for ideas and inspiration.
Dear Friend, Well, though I hate to admit it, I was wrong! I predicted 6,500 homes sold in Novemb...er when in fact there were 7,374, making November 2017 one of the best Novembers in history. The reason for this is simple, the government announced changes to the mortgage qualifying rules commencing January 1, 2018, and a lot of buyers jumped into the market to make sure that they qualified under the old criteria. This resulted in stronger than usual sales and that trend will continue in December.
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