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JuanDiego Cardenas
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beautiful house ready to move in .
Contact me for more info about this property or to book a showing.

DIEGO J. CARDENAS
Mortgage and Real Estate Agent
office: 6472074190
jdiegotherealtor@gmail.com
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Adjustments are needed to create a balance in Mortgage Market and Canadian Housing.

Affordability still the key word that needs our attention. Even though they are looking for a change in rates and tweaks in policies, housing prices are the reaction based on factors such as shortage of detached homes, urbanization, immigration, natural population, income/jobs gains. Lenders might be looking on tightening their lending criteria since they are having a concern about the risk of people been capable to make their payments.

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Adjustments are needed to create a balance in Mortgage Market and Canadian Housing.

Affordability still the key word that needs our attention. Even though they are looking for a change in rates and tweaks in policies, housing prices are the reaction based on factors such as shortage of detached homes, urbanization, immigration, natural population, income/jobs gains. Lenders might be looking on tightening their lending criteria since they are having a concern about the risk of people been capable to make their payments.


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Are you looking for a better option…?

Consumers are looking for the services of mortgage brokers rather than the banks when they are ready to do their renewal or refinancing on their mortgages. CMHC reports that even though was an increase in business for mortgage brokers, statistics show that first time home buyers still preferred to deal directly with the Banks, losing 4 points of share in this sector. On the other hand, Lenders are experience a 5% decrease in loyalty from return customers in a comparison to 2015, since customers are getting more informed from Mortgage brokers who have the advantage of having access to different options available to the public from different lenders, giving the opportunity to renewal customers to decide for a better option rather of accepting rates at face value offered by their existing lender.

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If May was good wait until see June report..........
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Affordability .......something to consider!!!

Affordability is becoming a big problem that needs to be take in consideration when entering into a purchase of your dream home.

Even though Vancouver is facing an increase of foreign people buying properties at high value and investors buying real estate at greater speed, we don`t know yet if that is something that is creating a similar effect in Toronto. There are many other factors that can cause this increased housing demand that we are seeing today.

We hope the people living in Toronto are aware of this situation and seeking professional advice before they see themselves in a race to pay for their bills.

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Amazing capture by Umair Khan.
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