Smart investors look for opportunity in every situation. How about you ?
"Even with persistent headlines about an impending global recession, real estate is still a viable way to build and grow your investment portfolio."
If you have questions on your real estate investment, need help finding your dream home.
Do not hesitate or feel shy pls call @ 647 834 2003. I am here to guide.
Jay Rajendran, iPro Realty
Mobile ~ 647 834 2003
We don't charge buyers for any real estate transactions.
We don't believe in false prospecting and false promises.
We believe in our experience. Data helps little but experience helps more.
Our realtors has experience in all type of real estate transactions.
We believe in educating sellers/buyers before they trade.
The Bank of Canada recently lowered the mortgage stress test qualifying rate from 5.04% to 4.94% which means that you can now qualify for a mortgage using the lower rate allowing you to borrow a larger mortgage. While this gives borrowers slightly more buying power, it’s definitely helpful for those looking to buy especially for first-time buyers.
Projections are that mortgage rates will remain low given current conditions. Bank of Canada governor, Stephen Poloz, indicated that “we are in an era where interest rates were probably going to stay low for demographic reasons and economic growth reasons”.
The average selling price for April 2020 transactions was $821,392 – up by 0.1 per cent compared to the average price of $820,373 reported for April 2019. The semi-detached and townhouse market segments experienced annual average price growth above the rate of inflation. The condominium apartment and detached segments experienced year-over-year price declines on average.