Written by Omid Jalili
We’re always here looking at the facts and figures. We know there’s more to giving our valued clients the big picture than just supplying Toronto mortgage rates, so here’s a few predictions gathered from the experts in the Toronto real estate field.
The big players are predicting 2014 will be a strong year in real estate. The sales numbers of pre-owned homes in Canada generally and Ontario specifically are in good shape. In fact, the sales projections from 2013 have been raised slightly.
The Canadian Real Estate Association (CREA) has some further insights that people looking in the GTA will be interested in. Gregory Klump, CREA’s chief economist, notes price gains will be strongest in the markets where the supply is tight and that includes the Toronto low rise scene.
That’s good news when you’re looking to invest in your first home or even a second property. Remember, you need to keep your eye on the basics and get pre-approved when it’s a first home you’re interested in and that’s just one of the areas where we can help.
There’s more evidence the outlook for real estate will be good in The New Year. James McKellar, academic director of the Program in Real Property at York University’s Schulich School of Business, recently blamed the worries over a housing bubble that would burst on the press. He told the Financial Post Magazine there was in fact no bubble and only a healthy real estate market ahead.
That’s not to say buyers shouldn’t be cautious and use all the resources at their disposal to get the best deal possible and that’s where we come in. As your Toronto mortgage brokers, we’re dedicated to making sure you get the best package possible that includes Toronto mortgage rates and the terms that suit your lifestyle and budget.
