Thinking about a move up buy?

Financial Post

MARR:  You're likely stuck in your current home because of new tougher mortgage regulations and ever-rising prices in the Canadian real estate market, according to a new report released Monday morning.  Benjamin Tal, deputy chief economist with CIBC, says the old narrative of graduating from school, getting a job and then married is bumping up against new economic realities.  "The value of bigger and pricier properties is rising notably faster than less expensive properties - widening the gap between starter home and dream home,"  Mr. Tal writes, in an economic paper.

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Michael James

Michael James

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CENTURY 21 Explorer Realty Inc., Brokerage*
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