Kingston & Area Real Estate Stats – August 2020

Despite being in the middle of a pandemic, Canada housing market shattered records in July.  What the fall brings to the housing market will be anyone’s guess.  There are still many uncertainties.    Questions remain as to how the changes to the federal CERB program, which is due to change in October, and the mortgage deferral program, which is set to end around the same time, will effect Buyers & Sellers.  Approx. 16% of mortgagors have deferred at least one payment.   Has this put homeowners into a financial situation in which they will not recover from?   I personally think there will absolutely be casualties which will result in mortgage defaults.   The extent will not be known till later this year and perhaps into next.

Amongst these Canadians, are workers who have not yet been able to get back to work.  The hybrid model for school reopening will leave parents without options for childcare. Those who can go work may be making difficult choices.    And amongst all this chaos is whether there will be a resurgence of new cases.  Let us not forget that the U.S.A. is in the middle of a presidential election!

As you can see… so many questions… not enough answers.  Is it the right time to buy, sell, or hold?  Will prices continue to go up or down?  Each buyer or seller is unique and I’d be happy to discuss your situation in person or by phone.

If you know of someone thinking about buying or selling I’m always looking for more great people like yourself. Always here to help!

Kingston & Area Real Estate Stats – August 2020
close

The Truth About Reverse Mortgages

Brian Matthey has been in the financial industry for 50+ year. A Banker for 18 years and the last 32+ years as a Broker owner of the largest regional mortgage broker, The Mortgage Professionals, in Kingston.

Now ,semi-retired he still works with many past clients. He has seen every type of mortgage product but the single biggest growth product has been the Reverse Mortgage. The use of a Reverse Mortgage has tripled in the last 5 years and the Reverse Mortgage has been around for 35 years!

COME AND ASK YOUR QUESTIONS!

April 22, 2021 @ 7pm

Presented by:

Brian Matthey @

The Mortgage Professionals

We don’t spam! Read our privacy policy for more info.