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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!

Tuesday, November 29, 2016

Canadian dream "is over" for next-gen says Fortress exec

Younger Canadians in the Greater Toronto and Greater Vancouver areas will never own a single-family home according to a real estate executive.

Ben Myers, senior VP of market research and analytics at Fortress Real Developments says that the Canadian Dream is dead in those cities with low supply and high prices among the single-family sector increasingly shutting out young buyers.

Writing for the Huffington Post, he calculates that if the pace of price growth continues over the next 30 years, today’s children will be facing a price tag for a single-family home of $11.5 million in Toronto and $45 million in Vancouver!

He notes that prices won’t continue to appreciate at the elevated levels that we have seen recently but concludes that unless supply is increased, all the measures to curb foreign buyers and vacant homes will not enable our kids to fulfil the dream.

MBN

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