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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!

Sunday, March 26, 2017

Mortgage credit continues to rise steadily says DBRS

DBRS says that residential mortgage credit has continued to grow at a steady space thanks to low interest rates. Its figures show a 5.3 per cent rise in the market to the end of 2016, totalling $1.43 trillion.

The credit bureau’s report highlights the continued rise in housing prices with a 2.7 per cent increase year-over-year to February 2017, driven by the 27.6 per cent surge in the GTA. The average home sale price is $504,949.

The report says that the surge in home prices has made it hard for the average family to qualify for an insured mortgage, particularly in Vancouver and Toronto.

DBRS reports that the quality of mortgages varies regionally with Ontario and BC showing declines in the percentage of mortgages in arrears, while the Atlantic provinces, Saskatchewan and Alberta have shown increases year-over-year.

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.

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