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Why Banks Want to Slow Down the Real Estate/Condo Market

14 April 2010
Remax-Condos-Plus

While most people place the blame, or credit, for CMHC changes to lending practices scheduled for April 19 with the Finance Dept., it was really the banks who lobbied for tighter rules. Making buyers qualify at the posted five year mortgage rate seemed straight forward (buyers were already being qualified at the three year rate previously)

  Condos  Toronto Market

Why Condos are Best for Pensions

14 April 2010
Remax-Condos-Plus

Pensions are becoming a hot item as baby boomers start to retire and soon figure out that they have not saved or accumulated enough assets to retire. The real problem is that people cannot save enough to retire and if you do not have a defined benefit plan – read government and teachers – you are screwed!!

  Buyers  Condos  Investors

Can Real Estate and Condo Prices Really Fall by 20%

07 April 2010
Remax-Condos-Plus

Just read the article in the Saturday Star where an economist predicted that prices could fall by up to 20% later this year. I am embarrassed to admit that I am also an economist by training but a Realtor by profession

  Investors  Toronto Market
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