Nilufer  Mama

Nilufer Mama

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Forest Hill Real Estate Inc., Brokerage*

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Nilufer Mama's blog

Investment properties are driving up Toronto real estate prices: report

Bank of Canada says buyers are making the housing market more vulnerable to a correction

Homeowners purchasing investment properties are driving up prices in Toronto real estate and making the housing market even more vulnerable to a correction, according to the Bank of Canada.

Let me help you find your family home!

If you're looking for your next home I'm just a phone call away!

 

 

Steps for Mortgage Approval in Canada - [Video]

Are you looking to get a Mortgage approved for your next dream home in Canada? Here are the steps that will guide you to make the right move!

1. The Initial Phase
2. The pre-approval Phase
3. The approval phase

Factors into getting approval for a mortgage:

- Character and background
- Capacity
- Credit
- Capital
- Collateral

Here's how much you need to earn per year to afford a house in Toronto right now

 

Go to school, study hard, get a degree — heck, get another degree if your undergrad B.A. feels useless — and then saddle on up to grownup life in the big city, where big paycheques equate to big houses and the means to start a family.

Hahahaha.

CREA Housing Market Stats - November 2021

Statistics released by the Canadian Real Estate Association (CREA) show national home sales have already set a new annual record in 2021.

HIGHLIGHTS

  • National home sales rose 8.6% on a month-over-month basis in October.

  • Actual (not seasonally adjusted) monthly activity was down 11.5% on a year-over-year basis.

Canada’s housing market soars again in October, with sales jumping nearly 9%

 

The year is not yet over, but the Canadian Real Estate Association says 2021 was the busiest year ever for Canada's housing market, with average selling prices climbing to new highs, too.

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