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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!

Saturday, February 18, 2017

Canadian home price rises to slow says Fitch

The rising cost of homes compared to household incomes and rents will mean a slowdown in price appreciation, Fitch Ratings says.

Noting the impact of low interest rates and foreign investment on the Canadian housing market, the ratings firm says that a 30 per cent increase in prices in Toronto and Vancouver in the past three years is unsustainable.

The firm highlights the recent easing of prices in Vancouver and says that federal and local policy changes to cool the markets will see price appreciation slow to 3 per cent in 2017, from 12 per cent last year.

It expects the tightening of mortgage lending by CMHC last year to temper the rise in mortgage demand which has been boosted by low rates.

Fitch also expects US home price appreciation to ease this year, down to 4 per cent from 5 per cent in 2016.

MBN

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