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RE/MAX Realtron 运亨地产专业金牌经纪,Broker,社区专家!多伦多地产局排名第一的地产公司,专业团队,为您制定详细的卖房/买房的详细方案!北约克中心黄金地段公车站广告和由Canada Post 派送的Flyer 宣传广告帮您卖到最高价!

 

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在加拿大生活学习了十几年, 积累了丰富的社会经验, 并拿到加拿大省立大学的工商管理学士的学位。 Tony 做事专业, 严谨、认真,永远是根据客人的要求并结合我的经验去做事, 把客人的利益放在首位, 谈判技巧娴熟, 帮客人拿到最好的DEAL。 根据客人不同的背景、需求, 设定合理的方案。 为您提供专业诚信的服务, 是我对您永远的承诺

 

 

 

 

 

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Market Report_November 2017

November 2017

Dear Friend

Historically October is the busiest month of the Fall market and once again this year was no exception. October’s 7,118 sales represented an above-average increase between September and October of almost 12%, a more pronounced increase than usual. That points to stronger Fall market conditions, not unexpected given the government’s announcement of stricter mortgage qualifications starting January 1 2018.

The change in mortgage qualifications lowers the amount of mortgage that buyers will be able to get, thus eroding their maximum purchase price.

This has created an urgency for buyers to buy before the January 1 deadline, hence the increase in sales activity. Those buyers that would have normally bought in January/February are buying now, and I expect lower than normal sales at the start of the year. Sales at the start of 2018 will be impacted as well as some people will wait to see what happens. (Some of my Sellers are waiting for the Spring Market as they believe prices will go up and some buyers are waiting for the Spring market because they believe the prices will go down!)

Your home is not a business investment and should not be treated as one. If you buy and sell in the same market there’s little impact on prices going up or down or market conditions changing. If you’re considering selling and not buying then I would strongly suggest you consider doing it right now as the demand is strong. If you are a buyer, now is the time to buy because of the mortgage changes.

While home sale activity in the Toronto area goes up and down depending on confidence in the real estate market, none of the factors affecting Toronto prices have changed. We are in a boom economy, low interest rates, huge immigration, and ultimately Toronto is cheap compared to other cities. There is no doubt that prices will continue to rise over time.

While this is an overview of the market, each situation is different and based on your needs and circumstances I may recommend a different strategy for you. Give me a call, let’s talk. I want to give you the best advice possible and make sure that you’re well looked after!

After all, you do have a friend in real estate!

Have a GREAT November!