Good Afternoon,
I was reading through the Mortgage Broker News Real and came across this piece below, which confirms, what I have been saying for years.
How are our grandchildren, going to buy property?
…
Most of our children are, “just squeaking into the market”.
Winter is before us, pricing is down and perhaps a great time, to buy a rental property to preserve value. Call us today, for easy financing and great properties.
Sincerely, Cindy & Kimberly Walker, HomeLife Benchmark Realty and Dominion Lending Centers, Valley Financial Specialists 604-889-5004 www.WalkerRealEstate.ca
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Canadian dream “is over” for next-gen says Fortress exec
by Steve Randall | 29 Nov 2016
Younger Canadians in the Greater Toronto and Greater Vancouver areas will never own a single-family home according to a real estate executive.
Ben Myers, senior VP of market research and analytics at Fortress Real Developments says that the Canadian Dream is dead in those cities with low supply and high prices among the single-family sector increasingly shutting out young buyers.
Writing for the Huffington Post, he calculates that if the pace of price growth continues over the next 30 years, today’s children will be facing a price tag for a single-family home of $11.5 million in Toronto and $45 million in Vancouver!
He notes that prices won’t continue to appreciate at the elevated levels that we have seen recently but concludes that unless supply is increased, all the measures to curb foreign buyers and vacant homes will not enable our kids to fulfil the dream.
Real Estate and Mortgage Advise,
brought to you by:
Dave, Cindy and Amanda Walker
The Walker Real Estate Team
19 Year Emerald Medallion Members
HomeLife Benchmark Realty
#1 1920 152 Street
South Surrey, B.C. V4A 4N6
604-889-5004 or info@WalkerRealEstate.ca
Kimberly Walker, Mortgage Broker
Cindy Walker, Licensed Assistant
14 Years Mortgage Experience
Dominion Lending Centers
Valley Specialists
#111 20434 64 Avenue
Langley, B.C. V2Y 1N4
604-889-5004 or cindywalker@shaw.ca
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