We’re the mortgage broker Toronto outfit that stays on top of the current real estate trends and practices. It’s the best way to get you the best mortgage rates and terms. That said, here’s the highlights of what we’ve found to start the month of December.
Important Data from Your Mortgage Broker Toronto Specialists
Housing prices will go up 6% in Toronto for next year. That’s good news for a market that’s been buffeted by some uncertainty. The real estate report that came out recently from RE/MAX also has some more good news.
Namely,
- That a little over half of the Canadians surveyed are thinking about making a real estate purchase. In fact, 51% are considering buying a home in the next five years. That number is up 36% from the findings from last year. Good news if you want to get into the market.
- Toronto’s real estate market is thriving. The luxury home market did well this year. The sale of luxury homes that cost over 5 million rose by almost 9%. That trend is expected to continue well into 2020.
- The report also predicts that the Toronto real estate scene will continue to be a sellers’ market for 2020.
The RE/MAX report also touched on the Oakville housing market. It says there are approximately three months of inventory in that area. The data expects that number to increase as we move into the new year.
The Mortgage Broker Toronto That Follows Trends
We’re always on the lookout for the latest trends in real estate as your mortgage broker Toronto specialists. Remember, we work for you and not the big financial institutions. That guarantees you’ll get the best mortgage rates and terms that suit your budget and lifestyle. Get in touch with the experts at OMJ today. We’re always ready to help you get the best terms and rates.
