Is the honeymoon over for home sellers in Toronto? Will the new mortgage lending rules cool this “frothy” market of ours? Will there be a significant number of buyers who will be locked out of the market due to higher qualifications and lower lending limits? If so, will we start to see home prices begin to retreat and will they sit longer on the market, giving future buyers their long awaited turn at “driving this real estate bus”??
Below is the link to a well balanced and informative article about how the government is attempting to balance our housing market and to protect ourselves from our unquenched thirst for home ownership, no matter what the cost.
The last paragraph of the article is apt, in my opinion.
“Ultimately, your best bet as a homebuyer, seller or owner is to make sure you are informed on all the changes in rules and regulations before trying to purchase, sell or refinance your home. We’ve been down this road before — we just need to adjust.”
Now is the time for us to connect and have “the talk” about how best to proceed with your plans to sell and/or purchase. Times are ‘achangin’ !
If you (or someone you know), are looking for a Realtor who cares MORE about focusing on you, your concerns, goals and the successful purchase or sale of YOUR unique home, than they care about their volume of transactions and awards, please let me know the best way for me to connect, as I would love to offer my highly personal service. Contrary to that old expression, not only IS this business, but it IS personal! And, please, I encourage you to ask me any questions you may have about this post. I value your input and appreciate the time you took to read it.