The Storey Team : Toronto Real Estate

The Storey Team : Toronto Real Estate


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      Tom speaks with Todd van der Heyden at CTV about how the new mortgage stress tests are having a major effect on Peak Millennials. Purchasing power is down, and many are looking to their parents for financial support.
      We stage all our listing! In this video we teamed up with the financial post to show a full transformation! Staged properties sell for money money in less time! It's that simple.
      2018 is off to a hot start! How will the Toronto market react to new mortgage rules? Those impacted will lose between 17-20% purchasing power.

      "My advice is start small," said Tom Storey, a sales rep with Royal LePage Signature Realty in Toronto.

      "Get that condo, start paying it down. If the appreciation keeps going at the rate we've been having, this gives you the opportunity to trade up," he told HuffPost Canada. Read Full Article ->

      “That might buy something elsewhere in Canada but it makes Vancouver and Toronto basically completely unaffordable,” said Tom Storey, a realtor with Royal LePage who deals primarily with first time homebuyers. “And for an average couple it won’t buy much. They’ll probably have to go into the suburbs.” Read Full Article ->

      Their reduced buying power is causing some Toronto-area buyers to reconsider re-sale homes in favour of new construction homes because the 20 per cent downpayment is staggered so they have more time to come up with the money, said Royal LePage sales representative Tom Storey. Read Full Article ->