Not the best news! But this week, Vince dives into the current state of the pre-construction condo market and the tough decisions many purchasers are facing. With a significant number of buyers entering the market during its peak, many now find themselves grappling with declining values and uncertainty about when—or if—the market will bounce back. This may be a tough learning experience for many

For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/

The newly launched Vacant Home Tax is already facing significant scrutiny and overhaul. Over 150,000 homeowners have been mistakenly charged, highlighting the scale of the issue. Olivia Chow herself acknowledged the situation as a major fiasco. Unfortunately, this misstep has disproportionately impacted the most vulnerable members of our community. It’s crucial that we hold our political leaders accountable for these shortcomings.

For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/

The real estate market is likely to face further challenges before we see any signs of recovery. Affordability remains a pressing issue, and unfortunately, the current government has yet to implement effective measures to address it. Recent TREB numbers have been released, and the statistics paint a troubling picture. Year-over-year comparisons reveal a significant decline, indicating that the market is in a precarious position.

For more information, be sure to visit https://www.owlmortgage.ca/ & https://wealthbuilders.realpm.ca/