Two Real Estate Stories in the News for Friday, March 23rd, 2018

Reverse Mortgage Debt On Canadian Real Estate Jumps Over 44%

Canadian real estate owners have received a windfall lately, but unfortunately it’s all trapped in their home. Office of the Superintendent of Financial Institutions (OSFI) numbers show that an increasing number of homeowners are “releasing equity” through a reverse mortgage. The relatively new form of debt is rapidly growing, at almost 8 times the pace of regular mortgage debt.

Check here for more details.

Here are the best and worst places in Canada to buy a home on one income

Greater Vancouver is the least affordable place in Canada to buy property on a single income, according to a new study conducted by Toronto-based real estate brokerage Zoocasa. The most affordable? Saint John or Greater Moncton in New Brunswick, or Trois Rivieres in Quebec.

Check here for more details.

Picture: Vishwesh Jirgale

Davisville Village Home Sales Statistics for February 2018

Leaside & Bennington Heights Home Sales Statistics for February 2018

Moore Park Home Sales Statistics for February 2018

Chaplin Estates Home Sales Statistics for February 2018

Rosedale Home Sales Statistics for February 2018

Lawrence Park Home Sales Statistics for February 2018

Find out what your home is worth here!

Jethro Seymour, Toronto Real Estate Broker.  Search Toronto's live MLS listing here.