hi,
i wanted to know if the cost of homes wil increase after 2 years?
and if it may increase what will be the persentage ?
thaNX
Quote:
Orginally posted by saba
hi,
i wanted to know if the cost of homes wil increase after 2 years?
and if it may increase what will be the persentage ?
thaNX
-----------------------------------------------------------------
Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Right said in the last post by our mortgage expert that it is very difficult to predict future of housing market, interest rates, stocks etc. However the industry relies on experts who predict the future markets based on past data and its analysis.
According to March 6, 2004 article on housing predictions by Bill Carrigton in the Toronto Star the technical analysis concludes the following:
The GTA housing market will continue to climb this year and next. House prices must increase by an average of $1500 a month to maintain the momentum.
Another concern: interest rates. When mortage rates go up, affordability goes down. Fewer people are able buy houses, demand slakens and market softens. With the current five year rates in the 4.5 per cent range, we have lots of room for rate increases before affordability becomes an issue.
Bottom Line: Our positive price momentum advancing from a long base and the current low interest rate envoirnment suggests persistant price increases through this year and next.
Regards,
-----------------------------------------------------------------
Amit Kalia, Broker, REALTORĀ®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
Advertise Contact Us Privacy Policy and Terms of Usage FAQ Canadian Desi © 2001 Marg eSolutions Site designed, developed and maintained by Marg eSolutions Inc. |