What a “New Year” this has been so far. Barely a month in and we have politics dominating the news, north, and south of our border. We have new mortgage rules, new taxes being contemplated, balmy January weather, leadership races, marches and lots and lots of opinions about the future of our City, or Province and Canada as a whole. February may end up being the month when we all take a collective big, big breath and begin to relax and find our new normal.
In this edition of SmartMoves, we’ll look at what changes in mortgage rules, CMHC mortgage insurance and land transfer tax discussions mean to buyers in today’s real estate market. We’ll also give you an overview of the programs available to help First Time Buyers squeeze the most out of their buying budget.
We are still in a Sellers’ market for the next long while as the number of homes being put up for sale remains lower than the number of buyers. Condos are now seeing some of the lift as buyers see them as an affordable alternative, which means that investing in them has become much more attractive. There are opportunities in every kind of market, and we’re here to help.