As your mortgage broker Toronto of choice, we supply more than just the best mortgage rates. We do our research and keep on top of all of the latest trends in the area too. A comprehensive and thorough service is our number one priority.
That means bringing you the latest developments from the local real estate market.
Like the fact the Financial Post reports the Toronto housing market had a strong showing in May. The boost was pegged at 19% higher than the same month a year before. What’s interesting is the sales were the highest going back to December 2017. That’s when the new stress tests came into effect.
Still, there’s a cautionary note here. The Toronto Real Estate Board reports sales are still below the ten-year average.
Your Mortgage Broker Toronto Reports Household Debt Up
Being responsible means reporting all the news. That includes what we think people need to know to make responsible choices about home ownership. That’s why it’s important to note that Canadian household debt has reached $2.18 trillion as of April. That’s up 3.32% from the previous year. Prudence is one of the key words here when you’re looking for a new property.
It’s important to keep in mind this is the figure for household debt that’s held by financial institutions. Experts are saying there’s no need to hit the panic button just yet, but these numbers are worth keeping an eye on.
Choosing us for your residential or commercial mortgage needs is the right idea for several reasons. Our professionals have four decades of financial industry experience. What’s more, we have direct access to all the major lenders in Canada.
We can help you make the responsible choice that sustainable. Get in touch with our mortgage broker Toronto experts today. We’re waiting to hear from you.
