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GTA, Ontario, Canada
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!

Thursday, December 10, 2015

FOMO prompting risky borrowing by first-time buyers

A new report suggests that young, first-time buyers are taking on large mortgages in Canada’s most expensive cities due to FOMO – fear of missing out. The study for the CD Howe Institute was undertaken by economists Paul Jacobson and Craig Alexander. They found that household debt which has been driven by larger mortgages is generally well-managed but that there is concern that millennials are stretching their household budgets fearing that if they don’t buy a home now, they will never afford to. Mr Alexander calls for measures such as higher minimum downpayments for mortgage insurance and tougher ‘stress tests’ for borrowers’ budgets.

MBN

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