New Mortgage rules are upon us.
Will they help to cool our red hot Toronto housing market?
How does this help to remedy the CAUSE of soaring prices? …low supply vs. high demand.
Will the new rules cause buyers to sit back and regroup so that demand is more synch with supply?
Or will they cause a surge in buying and selling just before the date they are in effect?
I believe tighter regulations may help those who are “marginally” qualified from getting in over their financial heads…and that’s a good thing. And if these mortgage restrictions do have a positive effect in helping to create a more balanced market, thereby lowering house prices, then those who were forced to take a time out and save more for their downpayment will be able to SAFELY re-enter the market.
What do YOU think?
Click here and get informed on how this may affect your Real Estate decisions :http://bit.ly/2d6czaP
For more perspective on what the numbers mean to you and your specific needs, just call me. I know I can help you make “the right move”!
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.