While many people focus solely on the mortgage pre-approval & application process to base their financial real estate decisions off of, it’s important to remember that this number doesn’t fully encapsulate the extent of your home-buying budget.
A mortgage pre-approval tells you how much you’ve been approved for by the bank/lender, which is quite different from the amount you can actually afford in your monthly budget!
With 2017 being one of the craziest years on record for the Toronto Real Estate market, we want to breakdown our projections for the upcoming year & what you can expect to see happen!
The rental market remains one of the hottest topics when talking about real estate in Toronto & for good reason! Last year we saw an unprecedented increase in rental prices and a drastic drop in available units with 2018 not looking like it's going to be much different.