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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!

Wednesday, December 16, 2015

Household debt increased again in Q3

The level of household debt increased again in the third quarter of 2015. Statistics Canada has revealed that Canadians owed $1.63 for every dollar earned, a debt-to-income ratio of 163.7 per cent, up one percentage point from the second quarter. On a seasonally adjusted basis, households borrowed $19.4 billion in the third quarter, down $3.3 billion from the second quarter. Mortgages represented the largest portion of total borrowing in the quarter ($15.6 billion), down $0.9 billion from the previous quarter, while consumer credit accounted for $3.7 billion of borrowing. National wealth declined $190.4 billion to $9,205 billion at the end of the third quarter as resources dragged. The value of residential real estate rose by $48.7 billion. National net worth declined 1.3 per cent or $129.4 billion from the second quarter to $9,493 billion at the end of the third quarter.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

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