“Baby boomers are cashing out of wherever they are and buying in cash or not having a mortgage,” said Brad Johnstone, a realtor with Royal LePage who has worked in the Niagara region for more than two decades.“We are also getting young families coming out of the Greater Toronto Area that can’t buy a house,” he said, adding that with more people working from home, it’s easier to settle outside of a major labour market such as Toronto.It’s a similar story in other Ontario cities.
Unlike many suburban homeowners, who either commute or work in major job centres such as Toronto and Mississauga, this crop of buyers spends more time working from home, according to Royal LePage chief executive Phil Soper. The couple ventured into real estate for another source of income. At the time, Ms. Vanditelli’s employer was laying off her colleagues and the couple feared she would soon lose her job.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HuffPost is now a part of Verizon MediaI believe you meant to say “taxpayers help”.
Source: HuffPostCanada - 🏆 61. / 53 Read more »
Toronto sees record number of shootings in 2019, but fewer deathsThere were 490 shootings in Toronto last year and the city also set a record for shooting-related injuries, at 248 globetoronto TO has a GANG problem, NOT a gun problem globetoronto So the gang members using illegal US guns are bad shots? Yaaaa! Let’s take away legal gun owners rights This could only make sense to a liberal... globetoronto As if it's okay because less people actually died. Are you nuts? Big deal, overall shooting figures are down, let's celebrate! Ban the fking handguns!!!!! Stop the killings, period!!!!! You fool.
Source: globeandmail - 🏆 5. / 92 Read more »
Home Capital looks for second act after its remarkable bounce back from the brinkTwo years after near disaster, the lender tops the alternative mortgage market and its stock price has doubled. Investors want to know what’s next
Source: nationalpost - 🏆 10. / 80 Read more »
Opinion: The big problem with housing affordability? Real estate is still a valuable assetUntil interest rates rise, house prices will stay high because housing represents an in-demand and relatively safe asset class globebusiness There is no problem with real estate, perhaps some artificial market inflation by realtors, but the biggest issue is 48% of Canadians are within 200 dollars of insolvency per month meaning they can’t afford to keep what they have let alone buy anything new...sunny ways? globebusiness A valuable asset and a good investment There are some people who believe they have the right to live in the home of their choice and the neighbourhood of their choice regardless of economic reality though
Source: globeandmail - 🏆 5. / 92 Read more »
One dead, another seriously injured after New Year’s Day shooting in TorontoToronto police say their homicide unit is investigating
Source: globeandmail - 🏆 5. / 92 Read more »
Kevin Spacey accuser’s estate drops sexual assault lawsuitThe filing had been voluntarily dismissed with prejudice, meaning it cannot be brought back before the court With the way all of his accusers are dropping dead, I would drop the lawsuit too. He had been diagnosed with suicide. Is that the first dead accuser’s estate, or the second dead accuser’s estate?
Source: nationalpost - 🏆 10. / 80 Read more »