November 9, 2007
Posted November 30, 2007 12:00 pm.
This article is more than 5 years old.
Vince Gaetano from Monster Mortgage had some advice for first time buyers. “If you’re buying in Toronto, make sure you close before the end of February and before the new tax hits. Secondly, if you’re renewing, don’t get pigeon-holed into a fixed rate right now because there’s still an opportunity to get a better rate in the new year. Go variable and lock in later.”
Dan Ellenberg from sellwithdan.com discussed how condo sales in Toronto are up from last year. “The new condo sales in the city are up 24 per cent compared to last year. Somewhere around 4,300 more condominiums have been sold. We’re seeing a healthy and strong market.”
Scott McLellan from Tridel explained what’s driving the market. “First of all, it’s demographics. Affordability is another key factor followed by a number of people selling their existing homes and buying into the condo lifestyle.”
