This year will continue to offer first-time buyers a good opportunity to enter the property market in the Greater Toronto Area says the boss of a Canadian mortgage lender. Bob Aggarwal of Canadalend.com cites TREB data which shows that 53 per cent of buyers in the GTA were first-timers with millennials expected to drive the region’s home sales in 2016.
“Improving regional economic conditions in the GTA and low interest rates helped a record number of people get onto the property ladder in 2015. The majority of whom were first-time homebuyers,” Aggarwal said. “This reinforces the belief that there is not an affordability issue in the GTA; it also shows that first-time property buyers in the GTA view home ownership as a great long-term investment. And with the Bank of Canada holding its key lending rate at 0.5%, it continues to be an excellent time for first-time homebuyers to enter the housing market in the GTA.”
MBN
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- Jackie Goodlet, Broker
- 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!
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