As financial pressures intensify, real estate industry professionals are keeping a wary eye on debt-burdened homeowners – particularly those who rely on cash from private lenders. The credit that flowed so easily from private and alternative lenders when the Canadian real estate market was climbing is scarce, expensive and sometimes unobtainable when property values fall. […]
The Toronto Regional Real Estate Board numbers are out and it’s not as bad as many expected. Year over year, we’re still ahead by 8.63% in pricing. The number of units sold in 2022 was down 14% from the average number of sales of 2017, 2018, 2019 and 2020. 2021 was an unusually brisk […]