So since the start of the year we've been talking about, speculating about, and gossiping about the Toronto real estate market over the course of this year. From reading off statistics we've seen, rumours we've heard from other professionals in that market, and headlines you see in the news about Toronto. Toronto real estate is ALL BAD, it's crashing, the correction after a 25 year bull run is here, and dog crate condos in Toronto is the Hindenburg that's taking everything else down with it! Well, that's all very dramatic. So we thought it best to bring in an expert in that market to break down what's really happening. Today's gueat is Alec Bowes from Indi Mortgage, a licensed mortgage broker with almost 20 years experience in the industry, who actually navigated the 2008 financial crisis, and who works in the GTA today. Please welcome Alec!
Highlights of today's episode.
1.) First Time Home Buyers are no longer the driving force behind Toronto real estate prices.
2.) The market is softening with the banks being tighter on lending as you see people's appraisals actually come in below list and sale prices.
3.) The Guelph real estate market is actually in a very healthy place. Sellers are still getting their prices and buyers have time in the market to pick and choose, and negotiate a fairer market deal for themselves.
4.) Insurance fires. (Another rumour!)
And so much more!
Enjoy!
Jason Paul
902-220-7357
jason@infinityrealestategroup.a
@jasonpaulhalifaxrealtor
Alec Bowes
519-341-1299 EXT. 1
alec.bowes@indimortgage.ca
Matt Legatto
902-240-3304
matthew.legatto@indimortgage.ca
@mattlegatto.mortgages
