Tyler Tim Realtor

There may be many factors behind a strong growth  purchasing power towards condominiums, but the following are the three main reasons: o    Demand for attractive downtown neighbourhoods that are walk-able and have ample access to transit. o    Younger and senior demographics want to live in location-efficient neighbourhoods to reduce commuting struggles. o    The challenge of finding an affordable single-family home in central downtown Toronto. The demand for condos in the GTA have been increasing whether it be ranging from expensive single-family homes to delayed childbearing, all of them are interested in purchasing or renting a condominium. The speed of the construction has been faster than demographic needs. However, several other factors are increasing as well which will thereby slow the construction process. Some of the factors include higher traffic and transit congestion, which draws people to live clos...

As if things couldn't get any more expensive, home prices will be on the rise again due to lower interest rates and high demand for homes in Canada. An average of 5% to 6% will be gained for homes by the end of the year. These low interest rates have helped condo buyers with the affordability, but these lower rates sees the returns of previously interested buyers who further drive up the demand. Still as the average prices is increasing, TD economist Diana Petramala believes that we will enter a buyer based market. Bargaining power will grow and price pressure will ease giving buyers more control in the market. Condo prices are also predicted to take a hit as the prices are expected to fall by 2% in the following year, and more construction is already underway to help satisfy the demand of buyers. This price fall will make condos become less appealing as an investment property. Single family homes have already shot up 8% this year with an additional 2% expected by the end o...

Canadians today that have a mortgage feel much more calm about owing money as opposed to their elders or parents. In a recent survey conducted by Manulife, it was found that close to 70% of young Canadians feel good about having an outstanding mortgage and still be debt free. This same survey also showed 40% of homeowners are more comfortable with debt as compared to their parents. Perhaps their is a difference between the generations. In looking at the optimistic views young Canadians have, Jason Daly, vice president of products and marketing at Manulife says that lower interest rates have made Canadians a little more at ease with their ability to manage debt. An essential understanding and balancing of debt is necessary as well. Young Canadians are more optimistic about debt, because they learned from their elders the tricks and the trade towards managing their debt while holding a mortgage. While the household is one place, schools also are slowly offering more business course...

The weekend we've been waiting for has finally arrived. Canada day long weekend is upon us. Time to hit the barbeque, crack open a cold one, and light up some fireworks anywhere we please.....well not exactly anywhere. In looking forward to this coming Canada day its important for our Mississauga residents to know where they can light up the skies this July 1st. Fireworks can only be set off on Statutory Holidays (Victoria day & Canada Day) No Fireworks can be set off on a public road No Fireworks in a park without a permit No public fireworks display without a permit Ward 5 Councillor Bonnie Crombie had received numerous complaints following the May 24th long weekend regarding noise disturbance and large amounts of garbage left either in public parks or city streets. Sorry to dampen your mood, but safety always comes first. Not to ruin everything though their are still some great fireworks displays in and around the GTA with Mississauga Celebration Square sure to li...