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October 24th, 2014 
David Burland
Sales Representative

iPro Realty Limited, Brokerage
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The Dreaded Bubble!
Monday, 03 February 2014, 01:39:55 PM

What do you think of Local Real Estate Values?

 

If you would like to see my thoughts on the Dreaded Bubble 

 

 

Click Here!!!

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whats new December 2013
Saturday, 30 November 2013, 02:57:14 PM
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The 2013 year yielded lower a volume of transactions for the local market, this was fueled by a lack of quality listings becoming available.

CMHC projects that a modest increase in new housing starts, and re-sale prices will advance with inflation from an Ontario average price of  $397,400 to $404,400 in 2014

There are fewer first time home buyers entering the market, owing to demographics and a tightening of insured mortgage criteria.

Despite the improving Canadian, American and European economies interest rates are expected to remain low with modest increases projected for 2014.

 

With all that said what does 2014 look like?  Economists predict a year of steady growth, a balanced market and modest growth in pricing.

 

Call Me and lets talk Real Estate!

 

 

David Burland

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mortgage
Posted on Sat, 30 Nov 2013, 02:54:56 PM  in Home buying tips
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   Mortgages

 

A large component of almost every buying decision is the Mortgage.  While there has been a tightening of thresholds for mortgages that are for more than eighty percent of the value of the home, buyers with good credit, and reasonable incomes are enjoying historically low interest rates.

 

Fixed five year rates are the best they have been in decades! Here are the numbers to prove it.

 

1963      6.97%

1973      9.59 %  

1983    13.29%

1993     8.70 %

2003     6.04 %

 

2013    is an amazing 3.19%

 

According to the experts at Canada Mortgage and Housing (CMHC) 2014 will see modest increases in rates. Combined with a balanced Real Estate market.

New home sales and re-sale home sales in Ontario are projected to see modest increases in total numbers based on improving economic fundamentals, including employment.

Housing prices are expected to increase in line with inflation

 

It’s a great time to invest in Real Estate !

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August 2013 update
Thursday, 22 August 2013, 08:49:46 AM
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The Slower Spring Market was replaced by a very active May and June

Mortgage rates moved up 4 times in the months of June July and  August, taking posted

five year rates from 2.89% to 3.69 %  ( Current variable rates are still available at 2.60 %)

These changes plus recent CMHC rule changes have put pressure on the first time buyers

segment of the Real Estate market.

The changes in the CMHC rules will allow fewer Buyers to qualify for mortgages.

Ecomomists with the major banks expect that dispite these changes, the year is expected to have a vey strong finish

The improving economy in the US and a stable Canadian outlook, support the predictions for a strong fall market and positive market growth in the GTA

 

Call me and lets talk Real Estate

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What's new in Real Estate?
Friday, 08 January 2010, 05:38:43 PM
/Users/david/Desktop/What’s new in Real Estate.docx
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