It’s been a very busy start to 2005 for me with the real estate market and spending time finishing work on the new townhouse I purchased as an income property over one year ago. I’ve been building up my forearm muscles a lot lately with all of the shoveling which, I’m sure by now is better than a membership at the gym! I’ve also decided not to train for and run a marathon this year but instead, take up Martial arts. It seems like a perfect fit for me right now, both on a fitness and mental level. I’m really looking forward to it.
In addition, one of my mortgage consultants and I have begun investment workshops, designed to give you the foundation and tools necessary to eliminate debt, build wealth and develop financial freedom. One of the ways to create this wealth is through investing in income properties which I’ve personally been doing for the past 6 years. We are offering this free of charge only to our clients and their friends and family. If you are interested in learning more about these workshops, please feel free to contact me.
For only the fifth time in history, Toronto sales surpassed the 4,000 level in January. The market remains a seller’s market due to continued high demand and low inventory. However, rising home prices together with mortgage rates trending upward will boost carrying costs and eventually reduce demand. Increased immigration to Toronto will power the population growth and employment will grow by less than two per cent until 2006 and add moderately to the housing demand. Home prices are high and typically growing at several times inflation. The gap with inflation will be narrowed by a growing inventory of listings. Prices are expected to increase by a median price average of six percent in 2005 and 3.8 per cent in 2006.
Have an awesome spring!
Your Real Estate Consultant…for life,
Michelle Read
Sorry, comments are closed for this post.