With the average price of a detached home in Toronto now exceeding a million dollars, many young families are seeking refuge in suburban neighbourhoods. But, are the sacrifices made to live behind the urban trenches still really worth the added benefit of four exterior walls and a garden shed? If there is a compulsory commute required to fulfill your white picket dreams, I would implore that such lofty visions of quaint picnics and Land Rovers exists only as such. When translated into the harsh reality of superhighways, cultural isolation and maudlin civility, your distant home nestled amongst rows of pruned trees, pristine turf, and row houses will become more of a mausoleum than a place to live life. in the below, allow me to dispel the many enchantments of the suburban lifestyle, and bolster the energy and vibrancy of the metropolis Continue reading
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2015 Canadian market outlook
The Canadian Real estate market managed to burn red through the 2008 recession and is expected to keep burning even though the oil is running low.
The historically low interest rates of the past years have helped to sustain demand through the recession and mitigate the impact of tightened lending criteria. Now, with the Bank of Canada (BOC) lowering rates once again in the wake of dangerously low oil prices, it seems we will be keeping with tradition for 2015. While the BOC has hinted towards a rate hike in 2015, it is unlikely given the exceptionally low price of oil and the negative impact a hike could have on Canada’s grander export driven economy. This is of course good news if you’re a homeowner, and bad news if you’re looking to buy. Yes indeed, it looks as though Canada will remain a sellers market for the foreseeable future.
The following are what I have been able to surmise from various North American housing reports and forecasts – many of which I will list for your reference at the end. Continue reading
Property Prophet 