Living The Dream! - The Millennials Guide To Home OwnershipPosted by Paul Ambler on
The Real Estate Market in the GTA just wrapped up another record breaking month in the March with 41% more sales than in March 2020 and saw the average home price increase 21.6% to $1,097,565. For many Canadians, Despite the economic challenges associated with the pandemic, real estate has become the most important place to put their money. The question many are asking..who's buying? and where?
In 2017 It was foreign buyers who were blamed for the over heating real estate market which led to the federal government issuing a special 15% foreign buyers tax that arguably did very little to cool the real estate market at the time. This time the blame lies squarely on domestic buyers as tourism, travel and immigration have come to a halt across Canada.…
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