Connect with us

Real eState

Toronto's top experts cast predictions for the fall real estate market – Post City

Published

 on


When we held our spring Real Estate Roundtable in February, it was a 400-person event at the University of Toronto’s Rotman School of management. COVID-19 had not yet hit Canada in any significant way. Now, everything has changed. With the all-important fall market just around the corner, we asked our housing experts what everyone wants to know: just what is going to happen with our local market, and where is it headed?


MEET THE PANEL

Odeen Eccleston, Co-founder, Wiltshire Homes Canada; Broker of Record, WE Realty Inc.

Brian Gluckstein, Principal of Gluckstein Design

Michael Kalles, President, Harvey Kalles Real Estate

Jennifer Keesmaat, CEO, The Keesmaat Group

Brad Lamb, Developer, Lamb Development Corp.

Michele Romanow, Dragon on CBC’s Dragons’ Den; Co-founder & President, Clearbanc

Benjamin Tal, Deputy Chief Economist, CIBC Capital Markets

Barry Cohen, Toronto’s top agent for sales volume in $3-20M combined (since 2012)


POST CITY: Give us your perspective on the state of the market heading into fall.

BENJAMIN TAL: Real estate has been the pioneer of the current recovery. Activity is strong, reflecting pent up demand and increased domestic investment activity. According to our poll, 25 per cent of homeowners are considering buying an additional unit due to low-interest rates and that the market is a bit softer. So that’s the opportunity they have been waiting for. I suggest that activity will remain strong in the coming two or three months, but following this honeymoon period I see some softening in the pace of economic growth as the risk of a second wave along with the fact that the virus will overlap with the flu season will lead to increased confusion and thus reduced economic growth. The housing market will also feel the impact, contributing to that will be the impact of the end of the mortgage payment deferral period that will have at the margin a negative impact on housing activity. Overall I see a strong two to three months followed by some softening in activity during late fall and the winter with a very strong spring 2021.

toronto real estate market 2020
From left: Brad Lamb, Benjamin Tal and Jennifer Keesmaat

MICHAEL KALLES: I’m bullish on the real estate market. You’ll note that the share of the pie given to ground level housing and the suburbs has grown, as people seek sanctuary and access to outdoor space, but I would never bet against the downtown core. So the demand is there. Homes are transacting in a timely fashion and at a good price. I think we’ll have a strong fall and as prices for detached homes rise, buyers will shift their attention to higher-density options.

BRAD LAMB: Even with COVID-19 still top of mind, the marketplace is incredibly strong, given a lot of other businesses, and it looks to me like that will continue as the fundamental demand for homes in Toronto exceeds the fundamental supply of homes.

In terms of the buy-and-sell side, we will continue to be a seller’s market, and buyers will continue to bid for homes, and it’ll just get worse through the early fall, and, of course, you know the winter will come and things will slow down to the typical winter months. But the markets are still very strong.

ODEEN ECCLESTON: So immediately following the news of the stay-at-home restrictions, things were at a bit of a standstill. But as every month has gone by, I have seen people get more and more comfortable with the notion of living through this pandemic and sort of adjusting the way they do things. But in the first couple of months, people were kind of paralyzed, and there was very little activity. So now you’re seeing all of these record-breaking stats, and a lot of it has to do with those people who were waiting are now comfortable and jumping in.

JENNIFER KEESMAAT: Well, the interesting thing is that it’s super hot. Last winter at the Rotman roundtable, I don’t think there was anyone on the panel who was bullish. Everyone was saying anything can happen. We’re not sure what’s going to happen with the coronavirus. But there wasn’t a single person who said, wait for it, things are going to explode. It’s going to get hot. It’s not something that anyone predicted or expected. That’s the first thing. The second thing is that if you heed CMHC [Canada Mortgage and Housing Corporation], there’s reason to believe that the market is artificially propped up right now by the banks — what’s happened with the putting on hold of mortgages and other kinds of government incentives. And that once we start weaning ourselves off these very unconventional incentives, we don’t know what kind of recalibration is going to take place. So I would love to sit here and say it’s hot and it’s staying hot. But there are some numbers that don’t really make any sense.

BARRY COHEN: Who would have thought, but it seems to be one of the few bright spots of the economy! There has been a significant shift in demand and behaviours, due to COVID-19, that has placed greater importance on people’s homes. The detached market is incredibly tight, with very little inventory, while the condo market is seeing inventory levels grow and a bit of a softening in prices.

MICHELE ROMANOW: We’re starting to see which early lockdown predictions are coming true. We all expected prices would drop when COVID hit (myself included), but they never did. In reality, the selling prices in Toronto have actually increased 17 per cent, and new listings are up 25 per cent compared to last summer. Which is great for the economy but tough for new buyers. On the other hand, leasing and rentals are both way down this year because lots of people are leaving the city for cottages and more space. But it’s still too early to know if that’s an indicator for long-term real estate changes.

toronto real estate market 2020
From left: Michele Romanow and Barry Cohen

BRIAN GLUCKSTEIN: The market is quite hot right now. People are spending a lot of time at home, and they’re evaluating their needs and maybe opting for a new home to meet those needs. They might be looking at having more outdoor space or a home with an office or a library to work from.

POST CITY: During our last roundtable, affordability was a key issue. Things are not getting any better. What’s your take?

ROMANOW: I was surprised housing prices have remained stable throughout. The combination of low interest rates and people not wanting to change anything in their life during a crisis (like selling their house) means there hasn’t been much movement yet. But it also means that affordability continues to be a huge problem, and that’s more important than ever with millions of people losing their jobs due to the pandemic.

TAL: I don’t think the current crisis will have a long-term and lasting impact on affordability. All the changes we see now will be short-lived, and by 2022 the market will again witness the issues seen in 2019 — mainly lack of supply and strong demand.

KEESMAAT: At the beginning of the pandemic, there was a perception that everything was going to slow down. And I think there was an overwhelming sense that that might be good because, if we cool our market, rents will drop significantly and you will see a lot less pressure on housing affordability. But in fact, the opposite happened. Whereas rent dropped a little bit, which could be mostly attributed to a slowdown in Airbnb, which was on hold. There was a significant number of new listings that were fully furnished units that were likely previously Airbnb units that are now becoming new long-term rental housing. That’s good. And there has been a little downward pressure on rents at about 10 per cent. But the overall housing market has continued to be hotter than ever. And we haven’t expedited the delivery of supply over the past six months during this pandemic. If anything, you could argue that municipalities were back on their heels, so they slowed down the processing of applications, and that will have a ripple effect and impact new supply into 2021. But on the flip side, the government is more motivated than ever to be investing in affordable housing particularly given the correlation between poverty and COVID-19, which has been directly attributed to a lack of appropriate housing — people in overcrowded housing situations were more likely to be affected by an outbreak. That has made our government incredibly motivated to do something to address affordable housing. So we’re going to see a response from CMHC investing specifically in affordable housing in the next two years, and that will be a legacy and a direct outcome of COVID-19. It still doesn’t address the fact that we have a supply problem, but it means there will be incentives in place to drive supply.

toronto real estate market 2020
Jennifer Keesmaat

KALLES: Affordability is a real issue and it’s not going anywhere. Look at the new homes and condos market. Construction costs haven’t gone down, land costs haven’t gone down, government fees have not gone down (if anything, they will rise following the costs associated with COVID-19), so why would we expect the cost of homes to drop? I think people entering the housing market will either require significant help from family or they will have to look outside of the city. And the latter option is OK. That’s how communities evolve and grow. Milton today is not the same as it was 20 years ago. Oshawa today is not what it was a decade ago. Downtown Barrie is unbelievable. Remember, people make communities, and as the population spreads out, the amenities and businesses follow. We have a housing site at Yonge and Bloomington that we’re selling for Acorn Homes, the very northern reaches of Richmond Hill. Five minutes from the site is a community centre on the banks of Lake Wilcox, and it is teeming with life. We have nothing like it in Toronto. So there are plenty of great places to call home in and around the GTA, and there always will be. Plus, with working from home becoming part of the culture, commute times to city offices become less of a deterrent.

COHEN: In the centre core, yes, no question, affordability is getting worse, and that is really due to a lack of inventory. Because of COVID, people were and still are reluctant to make a move unless they really feel they need to financially or for significant lifestyle changes. But, in some ways, COVID has made real estate more affordable as it has allowed people to broaden their search to areas where they feel like they may have a better quality of life because they do not have to come into the office every day.

POST CITY: If there is a segment of real estate showing cracks, it is the condo market for a few reasons, such as Airbnb. What can we expect here?

LAMB: Two items are impacting the market here, and one is Airbnb, which is, I think, the less important factor. The most important factor I think is that students are not in town. So that’s the single biggest thing. There are currently around 6,000 places currently for rent at a time in downtown Toronto or in the central part of Toronto. If students come back, that will get sucked up with one-tenth of the number of students that come to the city. So I think it’s a short-term thing, and you’re seeing about a 10 to 15 per cent reduction in the pricing of rental property in that category. But otherwise, the market is quite strong. And I don’t see it changing. I can only really see it getting better as inevitably more people will come back to work, and you know, it seems to me every week, every month there is more confidence overall in the economy.

KEESMAAT: Well in the short term, in a logical world, you should actually see that there’s less pressure on the housing market because we have, you know, universities in Toronto as a university town. Many universities are seeing on average about 10 per cent less for students that are returning. So they’re deferring for a year. And then on top of that, the drop in immigration is not translating into housing prices going down. And in fact, we’re seeing people are spending more than ever, and for some reason — I don’t know where the money’s coming from — seem to have the disposable income to do that. Now, of course, lending is part of this mix, and lending distorts, in all kinds of ways, what people are willing to do. It might be wrong, but we’re entering into a world where interest rates don’t go up when people take on and governments take on a significant amount of debt. Historically that’s been the disincentive to having too much debt: that interest rates will start to skyrocket. But in the course of the past four months, we’ve actually seen that election [by the Bank of Canada] not happen. We’ve seen governments pumping money into the economy, and we haven’t seen any inflation at all. So if we’re entering a new economic era, where people can have a tremendous amount of debt and interest rates stay low, housing prices are going to stay high.

TAL: Yes, the condo segment is more fragile now for a few reasons. Condos did not experience the correction seen in the low-rise due to B20 [the mortgage stress test]. Also in the GTA, we are seeing a relatively strong level of completions. Add to that the Airbnb factor and the significant decline in immigrations and non-permanent residence, and you see reduced rental demand well into 2021. Within the condo space, I see the high end of the market feeling more of the pain. I don’t buy the notion that people would like to avoid living in an apartment building. This will be only short-lived and will not have a significant impact on that segment of the market in the long term. Also, note that an offsetting factor to that negative demographic issue is the fact that the vast majority of the 100,000 Canadians who usually move to the USA every year are staying home and therefore not adding to supply.… And in fact, that positive factor might be long-lasting since to the extent that people can and will work from home. You can continue to work for, say, a New York company from your basement in Toronto.

GLUCKSTEIN: I think people will always want that carefree, low-maintenance, urban living. If anything, the downturn in the use of Airbnbs could contribute to lowering the price of rental condos, making them more affordable.

toronto real estate market 2020
Brian Gluckstein

ECCLESTON: I think that living in the heart of a city will always be attractive to enough people for it to continue to be like a real, robust and healthy market. But I think what was happening is that it was just getting perhaps a little frenetic and overvalued. So I don’t think that there’s going to be a tremendous dip. And because so many people spent so much money on these, they’re going to do everything they can to not take losses. Right. So I think it’s going to take some time, but you know what, the numbers are still strong. They’re just not as crazy strong as they were in years past.

POST CITY: Our market has long benefited from foreign investors and buyers. How do you foresee this issue moving forward?

TAL: I think that foreign investment in real estate will, in fact, rise in the coming year or two reflecting the situation in Hong Kong.… In fact, it’s already happening. The situation in the USA will also be a positive factor for Canada.

KEESMAAT: So our housing market has traditionally been directly linked to immigration. Well, immigration is at an all-time low. And, of course, it could be that there’s a bump once the borders open up again, and there’s a significant amount of processing. And we could see an acceleration of immigration. If we see an acceleration of immigration, meaning that the demand to immigrate hasn’t wavered and that it’s only been put on hold because the borders have been closed, well, then the next 12 months is going to be crazy for the housing market. Because you’re going to continue to see a built upsurge in need to be setting up new homes. That’s one scenario. The other scenario is that we are entering a period of lower immigration. We don’t know which it is. In each scenario, it is a completely different outcome, which has implications for the housing market. We don’t know what it is.

LAMB: What I would say is this: I mean, being a relatively intelligent human being, if I was an immigrant in any other country, my number one choice would be Canada and my number one choice in Canada would be Toronto, pure and simple. In the world, it would be the number one place to live. As somebody who’s seen a lot of the world, as a new immigrant, your best opportunity on this planet is to get a chance to live in this country.

ECCLESTON: Well, we as Ontarians and our government have done exceedingly well in the pandemic compared to other jurisdictions in the world in how we’ve dealt with this crisis. So I think long term that will just sort of add to our appeal and make our country and our city that much more attractive. Our cases have been low, and we’ve proven ourselves to have an excellent health-care system with how we handled the situation compared to many other places on the planet. And so I think those stats are going to actually cause us to say OK, when everybody’s evaluating how the world dealt with this disaster. OK. Especially when compared to Yeah, sure. Might be a model. Yeah. So it might be a lot of people [out] there that are like, “You know, what, exactly, let’s choose that. I was thinking about Toronto before, but now, it’s for sure. Like this is where I want to be. Yeah.” So when those borders are opened back up, I think we might see a stream of people.

From left: Brad Lamb, Odeen Eccleston and Brian Gluckstein

POST CITY: There is a lot of talk about people moving out of the core or out of the city, people moving to small towns, to formally cottage-style areas. What have you seen?

COHEN: Yes I’ve seen first-hand, people looking to move up north or retire faster to the country. I think the cottage market/areas should see strong price appreciation because of this shift in buyer demand for more space but also because, now that families aren’t going on vacations, they are looking to recreational properties as an alternative.

ROMANOW: It’s here to stay. A lot of [my] Clearbanc employees bought houses during the pandemic, most of them outside the city — it’s much nicer to be in an area with nature and more space if you’re spending more time at home. The data shows sales are up 40 per cent in the GTA, compared to 16 per cent in Toronto, but it’s probably too soon to say how many people will move to the suburbs. We’re still discussing what work will look like for Clearbanc when the office reopens. We’ve seen a lot of people leaving San Francisco and N.Y.C. because of density and affordability, but Toronto hasn’t seen that yet at the same scale. If housing prices continue to go up and the shutdowns continue, we could see it happening here more and more.

KEESMAAT: There’s a big narrative right now about people moving out of the city. But if you look at the data, it’s actually hot everywhere, which is kind of astounding. There’s a great article in the Globe that actually talks about what’s happening in the 905. But, you know, it’s kind of a giveaway, right? When you get into the second half of the article … it talks about one of the reasons why people are looking at 905 is because prices are so high in the core of the city. So it’s a bit of a myth to say, well, people are looking elsewhere because they don’t want to live in the core of the city. It’s hot everywhere.

LAMB: What is the agenda of the Liberal Party right now? It’s a green economy, right? You can’t have a green economy living in the suburbs. So it goes counterproductive to what humans are concerned about with global warming and carbon emissions. You can’t be concerned about global warming and carbon emissions and then go and flood the suburbs again with people so it destroys the Greenbelt. Right. It’s counterintuitive to the way that most people say they want their lives to be. It’s a short-term reaction to a short-term problem. And that’s how humans behave. Smart humans understand that these are short-term trends. These people who are making these stupid decisions, thinking this is the new normal way of life, they will get stuck in the suburbs and get priced out and be miserable. Because they’re going to have to have a two-hour commute with all the other idiots that moved to the 905 when they didn’t have to. That’s what’s going to happen. And, you know, the young people who opt to do the same thing or to not buy or live in the city, because they think that the era of the city is over, they’re wrong. The era of the city is just beginning. Affordability will only get worse.

KALLES: It isn’t a lot of talk, it’s fact. We are seeing it. In July, the number of single-detached homes sold in the 905 was up over 48 per cent from the same time a year earlier. Our Muskoka offices cannot hold on to their listings. Everything sells … some sight unseen. But, as mentioned before, I think it’s temporary. Work from home is here to stay, but at some point, prices get too high and buyers revert to more affordable options, typically high-density condominiums.

toronto real estate market 2020
From left: Michael Kalles and the panel

GLUCKSTEIN: There’s definitely been a strong trend toward purchasing vacation homes, not just to get away from the city but to move there. And I’m seeing a shift to a smaller home or pied-à-terre in the city, with a larger home in the country. Some people are seeing it as potentially a nice lifestyle change. And people are also thinking ahead to retirement and where they’d want to be based.

ECCLESTON: Typically it’s like retirees that move a lot to the burbs, and a lot move to cottage country. But this year, we’re actually seeing quite a lot of young families, growing families, as they evaluate their lives and evaluate their marriages and their family dynamics during this quarantine. So it made them realize, “OK, we need more space.” Right? And it made them re-evaluate their priorities. Like, “How important is it for us to live close to this coffee shop anymore? It might have been really important to be right next to this bar, or, you know, within walking distance to this bar when we were in our mid- to late-20s. But now, it’s not that important. So what are we holding on to?” So, yes, I’ve seen that a lot. The demographic making that sort of exodus, it’s changed. They are all age ranges now.

Let’s block ads! (Why?)



Source link

Continue Reading

Real eState

New registry to reduce money-laundering in BC real estate – My Powell River Now

Published

 on


Registered owners of real estate in B.C. must now register and provide information about their interest holders with the Land Owner Transparency Registry, to help expose and stop illegal funds in B.C.’s housing market.

“British Columbians expect that when they buy a home, they are entering a housing market based on fairness. But for decades, that didn’t happen when they were in competition with fraudsters flush with illicit cash,” said Selina Robinson, Minister of Finance. “This first-of-its-kind registry will help return transparency and moderation to housing markets throughout B.C.”

The registry is the first in the world to require land ownership disclosure of all land types and applies to land owned by corporations, partners and trustees (unless specifically excluded by the legislation). In its report, the Expert Panel on Real Estate said the disclosure of beneficial ownership is the “single most important measure” that can be taken to address money laundering.

As of Nov. 30, when corporations, trustees or partners purchase land in B.C., they will be required to disclose the interest holders of that land. Within a year (Nov. 30, 2021), all reporting bodies that are corporations, trustees or partners – and that have an interest in land as of Nov. 30, 2020 – will be required to disclose their interest holders as well. Going forward, the B.C. government will review the effectiveness of the registry and if required, will make improvements.

The information provided will help improve transparency in B.C.’s housing market. It may also be used by tax and law authorities to investigate and crack down on illegal activity. This will help prevent money laundering and bolster confidence in the housing sector.

“B.C. is taking the necessary steps to prevent money laundering, including our panel’s key recommendation to implement a publicly assessible Land Owner Transparency Registry,” said Maureen Maloney, chair, Expert Panel on Combatting Money Laundering in Real Estate. “These measures mean that B.C. homebuyers and investors can continue to trust the housing sector, which is an important pillar towards a stable economy.”

The Land Owner Transparency Registry is a critical measure in Homes For B.C.: A 30-Point Plan for Housing Affordability in British Columbia and is designed to crack down on tax fraud and close loopholes. The 30-point plan also includes the Condo and Strata Assignment Integrity Register, strengthening audit and enforcement powers and working with the federal government.

Quick Facts:

  • The Expert Panel on Money Laundering in B.C. Real Estate released its Combatting Money Laundering report in May 2019.
  • The panel’s report estimated that $7.4 billion was laundered through B.C. in 2018, $5 billion of which is estimated to have been laundered through real estate.

Learn More:

Read the Expert Panel on Combatting Money Laundering in Real Estate’s full report:

https://news.gov.bc.ca/files/Combatting_Money_Laundering_Report.pdf

For more information about the Land Owner Transparency Act, visit:

https://news.gov.bc.ca/releases/2019FIN0037-000545

Read Homes for B.C.: A 30-Point Plan for Housing Affordability here:

https://www.bcbudget.gov.bc.ca/2018/homesbc/2018_homes_for_bc.pdf

Let’s block ads! (Why?)



Source link

Continue Reading

Real eState

Pandemic-induced demand for more space pushing up cottage prices, real estate firm says – CBC.ca

Published

 on


Home prices are increasing in Canada’s cottage country as more buyers look to move there full-time, according to a report released Monday by Royal LePage.

Prices of single-family recreational homes rose 11.5 per cent to an aggregate of $453,046 in the first nine months of the year, the real estate brokerage said.

The data from Royal LePage comes amid an overall uptick in home prices this year, after COVID-19 lockdowns stymied the spring buying season.

A rush of demand and a limited supply as the economy reopened this summer and fall meant that home prices were up 15.2 per cent last month in Canada compared to a year ago, according to the Canadian Real Estate Association.

Royal LePage chief executive Phil Soper says the number of cottages, cabins, chalets and farmhouses on the market have also dwindled amid the increased demand, at least through September.

“Inventory levels are the lowest I’ve seen in 15 years,” said Heather FitzGerald, a Royal LePage agent in Moncton, NB, in the report.

While local buyers have moved away from cities and closer to nature, FitzGerald also noted an increase in buyers from Ontario and Quebec.

Corey Huskilson, another Royal LePage agent quoted in the report and based in Halifax, said buyers from outside of the Maritimes, “who expect to be working remotely for the foreseeable future, are flocking to the area.”

Real estate agents in 54 per cent of regions told the brokerage that there was a significant increase in buyers looking to work remotely at a cottage as a primary residence.

Eric Leger, a Laurentians-based agent, said in the report that Quebec’s lockdown periods “sparked an urgent desire for many city dwellers, in need of more living space, to relocate to the suburbs and cottage country.”

Retirees a factor, too

Agents in other provinces noted similar trends, with one agent noting that Alberta-based buyers are competing with people across the country for properties in Canmore.

“Highway developments have reduced the drive from Saskatoon to 1.5 hours, which makes working remotely more possible for those who still have to go into the office a few days a week,” said broker Lou Doderai in the report.

The report says retirees have also bid up cottage prices, with agents in 68 per cent of regions saying more retirees are buying cottages this year compared to last year.

“Retiring baby boomers have been putting upward pressure on prices and reducing inventory for the last few years. Retirees are now finding themselves competing against remote workers,” said Bob Clarke, an agent in Ontario’s Muskoka region, in the report.

“The most common question used to be ‘is the property West-facing?’ Now my clients’ biggest concern is internet quality.”

Let’s block ads! (Why?)



Source link

Continue Reading

Real eState

Sponsored | Ask David: Improving your credit score, and more real estate news – TheRecord.com

Published

 on


Dear David,

We have a good income and are ready to buy our first home. We spoke to a mortgage advisor about pre-approval, but our credit score was low (it turns out my spouse has a delinquent $125 cell bill from university). How do we improve our credit score? – FRUSTRATED

DEAR FRUSTRATED: Credit scores are critical, as lenders use them to help gauge the creditworthiness of mortgage applicants. A high score can put an applicant on track for approval, while a low score can get them flagged as risky.

The definition of a “good” score can be a bit of a moving target. This past June, Canada Mortgage and Housing Corporation (CMHC) raised the credit score minimum for insured mortgages, so that at least one applicant now requires a minimum score of 680 (up from the low 600’s previously). This makes it more important than ever for buyers to maintain good credit and improve where they can.

The path to an improved credit score starts with finding out where you stand. I suggest pulling full credit reports from both TransUnion and Equifax, Canada’s two reporting agencies. Single reports are available online for about $25 to $30 each, and contrary to what you may have heard, requesting them will not affect your credit score. It’s important to order both reports, since lenders may not be submitting data to both agencies. Sign up only for what you need, be it a one-time report or a subscription you can monitor monthly to see if you are making progress.

Check your reports for errors, incomplete entries and delinquent balances. As you have discovered, past issues can come back to haunt you, and even keep you out of the housing market. That outstanding $125 cell bill on your spouse’s record needs to be paid off immediately, along with any other missed payments, no matter how minor. Paying these debts won’t erase them from your record, but it may improve your image with creditors.

Moving forward, pay your bills on time, or a few days in advance to allow for banking lag. If you can’t pay the balances in full, make the minimum payments at the very least.

Watch your credit card balances. Avoid using too much of the credit you have at your disposal, and make sure that your payments are clearing. Resist the temptation to apply for new credit cards at the checkout, as these can have a negative impact on your credit report and may make you seem irresponsible to lenders.

Finally, stay on top of things by checking your accounts online, rather than waiting for bills to arrive in the mail.

As a potential home buyer, your credit doesn’t need to be perfect, but a stronger score may improve your access to better rates and terms when you are in a position to be approved for a mortgage.

PRO TIP: Your imperfect credit history is not set in stone. Paying bills ahead of time and not charging cards to the limit can boost your score almost immediately. Keep in mind that a bit of credit score fluctuation will be inevitable as payments are made, limits are adjusted and your debt-to-credit ratio changes. #AskDavid #Advice

David Schooley is an award-winning real estate Broker with RE/MAX Twin City in Kitchener. Recently dubbed the Michael Jordan of Real Estate, his keen understanding of the nuanced local market is built on 30 years of entrepreneurial success in Waterloo Region. Fervently dedicated to client success and community support, his “Stuff the Hummer” family events have raised over 200,000 emergency meals (and counting) for the Food Bank of Waterloo Region.

Social Media:

Instagram

Facebook 

Twitter

Disclaimer This content was funded and approved by the advertiser.

Let’s block ads! (Why?)



Source link

Continue Reading

Trending