Is Your Year Shaping Up Like What Was Predicted in this Globe and Mail Video?

This Global News video was released on the eve of 2015. In the video, Mark Savalle, real estate blogger and sales professional and Preet Banejee debate whether renting is better than owning in the current market and then later make predictions about what the real estate market in Toronto will look like.

Mark predicted that the year would start strong and that if there was no increase to the lending rate that it could continue that way, making 2015 another huge year for Toronto real estate. Preet concurred and was of the opinion that, with no major disruption in the economy, 2015 would be a strong year for the Toronto housing market.

Now, these predictions were made before the price of oil dropped to all-time lows, along with the Canadian dollar and before anyone knew that the Bank of Canada would then react by dropping Canada’s lending rate – with the big banks following suit shortly thereafter.

It is now May and we are almost halfway through the year – we ask you, how is your year shaping up?

For more on the Toronto housing market please visit www.myvimo.ca.