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Purchase Vaughan Real Estate For Sale At The Best Price

As spring approaches, inventory of Vaughan real estate for sale is increasing. Prices for detached homes have begun to rise in many areas, while others are still going through an adjustment phase. These adjustments reflect the changes in the market since mid-2017. This was the point when two pieces of government legislation hit.


Greater Toronto Area (GTA)

• One was the non-residents tax and the other - later event, was the Stress Test for mortgages. The latter was introduced to help prevent consumers from taking on more debt then they could handle, in case of interest rates hikes in the near future. The former was placed to help cool what was perceived as an overheated housing market, especially in Greater Toronto Area (GTA)


Homes Range From New Builds

• In Vaughan, the closest northern suburb to the GTA, homes range from new builds, to townhome, to condos and everything in between. There are areas both east and west of the main north-south freeway - highway 400.


Remove The Foreign Buyer Tax AKA

• Many factors will influence the real estate markets in the near future. With a provincial election looming and no clear front runner, the results could well influence future pricing and market trends. If a candidate that is running, who shall remain nameless, has promised to remove the foreign buyer tax AKA the non-residents buyers tax.


All Home Buyers To Qualify At Two Percentage Points

• These rules require all home buyers to qualify at two percentage points about the key lending rate on a 5 year fixed mortgage. Currently those rates range from 2.99 to 3.39 percent. Meaning the qualifying rates are 4.99 to 5.39. These could be even higher based on the individual.


Home Market And Many Times Out Of The Current Condo Market

• Aord for a new home purchase is at least 100K less then previously. For first time buyers in the Greater Toronto Area (GTA) this lower qualifying price point literally has priced first time home buyers out of the detached home market and many times out of the current condo market.


Prices Trends In Your Area Or Other Real Estate

• For more information on market trends, prices trends in your area or other real estate questions feel free to contact me at 647-898-7490 or via email at timothy@swiftsellstoronto.ca


• If you want to find out more about Summerhill homes for sale, feel free to contact me at 647-8987490 or via email at timothy@swiftsellstoronto.ca. I look forward to working with you to find your perfect family home.

Purchase Vaughan Real Estate for Sale at the Best Price  

As spring approaches, inventory of Vaughan real estate for sale is increasing. Prices for detached homes have begun to rise in many areas, w...

Purchase Vaughan Real Estate for Sale at the Best Price  

As spring approaches, inventory of Vaughan real estate for sale is increasing. Prices for detached homes have begun to rise in many areas, w...

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