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A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Sunday, September 17, 2017

Canadian residential segment’s growth to grind to a crawl—Moody’s

The growth of residential property prices nationwide will weaken significantly in the next half decade as cooling policies in the hottest markets will make themselves felt, according to the latest study by Moody’s Analytics.

Canadians need to prepare for “several years of retrenchment” with 1.3 per cent annual price growth per year at most over the next 5 years, Moody’s said.

“Exact turning points are difficult to predict, but the combination of restricted mortgage lending, taxes on foreign purchases in the largest metro areas, and the expectation of higher mortgage rates means that house prices are likely to experience a slowdown in the next few years,” according to report author Andres Carbacho-Burgos, as quoted by the Financial Post.

“Affordability as measured by the median dwelling price to median family income ratio is also close to a record low, so it is hard to see house prices maintaining the same momentum as before,” the study added.

Moody’s also cautioned that further measures to curb speculation in Toronto and Vancouver will exacerbate the slowdown. Current trends in these markets will continue to hold, however.

“Greater Toronto is likely to maintain moderate house price growth, while the more policy-restricted market in Vancouver will lead to prices holding steady in coming years,” the report stated.

MBN

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