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We serve sellers, buyers, and investors at all price points in the Mississauga, Oakville, and Toronto areas. Experience world class service that is both friendly and efficient. We offer competitive fees, a long track record of happy clients (since 1994), and a commitment to excellence for all your real estate dealings.
Randy Selzer is a licensed salesperson at Sutton Group - Summit Realty Inc., brokerage. Independently owned & operated. Office main switchboard is 905-897-9555, direct line is 416-433-3556
Here is our most recent video on the Real Estate Agent Mississauga land showcase. We investigate 2016, and a look forward to 2017. All signs point to proceeded with quality in the market, as the three 'columns' which are driving it – low financing costs, a not too bad neighborhood economy, and progressing migration into the Greater Toronto Area, are kept up. Will the 'special cases' of the decision of Donald Trump in the U.S.A., and the expanded fixing of home loan endorsement prerequisites by controllers in Canada, have an impact? Watch the video to discover.
January numbers are as of now in the books, and neighborhood papers are distributing reports of mind boggling offering wars overall houses. It would appear that we are in for another fascinating year.
Hi everyone, it's Randy Selzer here. By and by, thank you for going along with me here on my YouTube channel, and how are you? Expectation everything is great, welcome back. Today, we're going to think back a tad at 2016 and see what occurred in the market, and we're likewise going to anticipate what's in store in 2017 in the land advertise here in Mississauga and furthermore in the Greater Toronto Area.
I consider most you are very much aware that the, 2016 was mind boggling. The numbers have turned out from the land board, and they're appearing about a 23% expansion in normal costs year over year, which is only an extraordinary add up to take a gander at, and that is a verifiable sum.
With the goal that's everything incredible news in case you're a mortgage holder. In case you're a home purchaser, it was troublesome consistently, endeavoring to pursue these postings when they turned out, such a large number of offering wars, and truly well every house had various ideas on it, and apartment suites, as well, truly grabbed, particularly in the last 50% of the year; thus, as we anticipate 2017, I see two or three contending things. I think the basics are still there, which is the thing that I like to discuss, the three columns which are driving the market, and that is low financing costs, an OK economy when all is said in done, just as migration into the Greater Toronto Area, so those three things are still set up, and that is all uplifting news for land.
There are a few things, the sort of special cases that are out there. One of them was the race of Donald Trump in the United States, and whether he messes around with NAFTA and a portion of the understandings we have with them could influence Canada, and unquestionably, the Auto Pact, if that gets dropped, that could hugy affect Southern Ontario, so we don't know where that will go. We'll need to simply observe in all respects cautiously to see as it unfurls. The other thing to watch out for is that the Canadian Government has completed various strides to attempt to back the market off, it's somewhat frightened, I think, that the costs are so high; so as we discussed in another video, they as of late expected individuals to, with high-proportion contracts, to get affirmed at a higher rate than what they're really getting, kind of as a support. In the event that the rates do expand, despite everything they'll be alright, and …
Additionally, simply in all respects as of late, the CMHC expenses were expanded, and those are the protection charges that a high-proportion purchaser needs to pay while getting a home loan advance, so those two things have joined to make it extensively harder, particularly for first-time purchasers, to get into the market. I think what we're going to see is proceeded with quality in the market for the primary portion of the year, and I think as these kind of administrative changes produce results, or they've produced results, yet as they sort of filter through the market, you may see some diminish sought after maybe in the second 50% of the year, however I don't have a precious stone ball. These are simply best suppositions that I can think of for where the market is going.
For financial specialists, the news, likewise, has been great. The rental market has been incredibly solid, rents are amazingly high, and fundamentally, everything is getting gobbled up the moment it turns out; so for a rental, in case you're taking a gander at making a speculation and leasing it out, explicitly condominiums in Mississauga or wherever, that is, we anticipate that that is going to proceed, in light of the fact that many individuals are essentially valued out of the market to buy, so they're going to proceed to lease, and that will give a pleasant pool of tenants for financial specialists.
Anyway, stay with me, we're going to keep on doing recordings consistently. Ideally, we can stay up to date with any of the progressions that occur, and I wish all of you well. By and by, on the off chance that you have any remarks, if you don't mind feel free, on YouTube or any of the internet based life, to make remarks, and I trust you get a kick out of these recordings as much as I get a kick out of making them. In any case, have an incredible day, and we'll converse with you again soon. Bye.
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Randy Selzer
33 Pearl St
Mississauga, ON L5M 1X1
Phone: 416-433-3556
Email: rselzer@sutton.com
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