本文发表在 rolia.net 枫下论坛... these next 3 months is the lowest the market and housing prices are expected to be. Every month the prices are going up since the correction in April. Statistically, July August were the lowest times to buy a home . September there was a small bump up and October another 14.2% up. We are already matched in price to the height of the market from last spring just before April 15th and the spring market will soon be here, beginning February-ish.
Two things are about to happen making buying soon very important. As of January 1st the mortgage rules change again making borrowing money more difficult. For instance, beginning January 1st, anyone approved for a $1,000,000 MORTGAGE will automatically be reduced by 20% to $800,000. The banks are already starting this new rule with new clients. As well, the spring Market always causes a frenzie driving costs up. Another reason making now a good time is - no one ever sells before Christmas unless they have to. It is a great time to bargain!!
Why are Toronto housing continually going up unlike other cities across Canada (with exception to Vancouver?) With continued immigration and people being drawn to Toronto, low interest rates and low unemployment, Toronto's home market is in continual demand. This coupled with Toronto having no more land on which to build (bordered by greenbelt to north and Lake Ontario to south) land is at a premium and the quest for homes in demand. Contractors are building up making condos very popular and houses on land are being bought for land value and being re-built in areas all over Toronto. Willowdale and North York being prime examples.
As we continue to wait hoping for another dip, prices will continue to rise and houses will be more and more difficult to buy. This information is coming out of the Toronto Real Estate Board and our President at RLP. ...
Thank you for our continued dialogue together.更多精彩文章及讨论，请光临枫下论坛 rolia.net
Two things are about to happen making buying soon very important. As of January 1st the mortgage rules change again making borrowing money more difficult. For instance, beginning January 1st, anyone approved for a $1,000,000 MORTGAGE will automatically be reduced by 20% to $800,000. The banks are already starting this new rule with new clients. As well, the spring Market always causes a frenzie driving costs up. Another reason making now a good time is - no one ever sells before Christmas unless they have to. It is a great time to bargain!!
Why are Toronto housing continually going up unlike other cities across Canada (with exception to Vancouver?) With continued immigration and people being drawn to Toronto, low interest rates and low unemployment, Toronto's home market is in continual demand. This coupled with Toronto having no more land on which to build (bordered by greenbelt to north and Lake Ontario to south) land is at a premium and the quest for homes in demand. Contractors are building up making condos very popular and houses on land are being bought for land value and being re-built in areas all over Toronto. Willowdale and North York being prime examples.
As we continue to wait hoping for another dip, prices will continue to rise and houses will be more and more difficult to buy. This information is coming out of the Toronto Real Estate Board and our President at RLP. ...
Thank you for our continued dialogue together.更多精彩文章及讨论，请光临枫下论坛 rolia.net