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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, April 20, 2022

Canadians borrowing against homes again as COVID restrictions lift

Loosening restrictions encourage spending.

Canadians are increasingly tapping the equity in their homes for loans as higher real estate prices and the loosening of pandemic restrictions encourage spending.

The seasonally adjusted balance of home equity lines of credit rose 1% to CA$162 billion in February, according to aggregate credit data released Tuesday by Statistics Canada. That’s the fastest monthly increase since 2012, capping a fifth straight month of increases.

It’s more borrowing for Canadian households, which are already some of the most indebted in advanced nations, primarily due to large mortgage debts. 

While interest rate hikes by the Bank of Canada this year may start to cool a real estate boom that has seen home values surge by 50% in the past two years, prices and sales remain at elevated levels. 

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 and rewarded!

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