Park & Jung LLP

Park & Jung LLP INTRODUCING OUR NEW WEBSITE! Please Visit Us at: http://parkandjung.com Park & Jung LLP is a law firm offering services in wills and real estate.

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The market will stabilize (if not already has) and we won't see the bidding wars any more. But that does not mean that t...
02/04/2018

The market will stabilize (if not already has) and we won't see the bidding wars any more. But that does not mean that the properties in favourable locations will not be in demand. Location, location and Location.

From market vulnerability to where to invest in 2018, these industry experts weigh in on Canada's housing market.

A new group of buyers is on the rise.
01/30/2018

A new group of buyers is on the rise.

Real estate broker Royal LePage President and CEO Phil Soper believes the Peak Millennial will be a major player in the Toronto real estate market in 2018.

Year 2017 in review
01/05/2018

Year 2017 in review

There were 92,394 sales through its MLS system in 2017, down from 113,040 in the previous year.

With new mortgage rules coming into effect in January 2018, it may become next to impossible for a young family to affor...
12/28/2017

With new mortgage rules coming into effect in January 2018, it may become next to impossible for a young family to afford a house in the Toronto region.

Homebuyers can’t simple can’t afford those homes, construction industry representative says, blaming provincial policies.

Wow...
12/13/2017

Wow...

Prices to rise almost 7%, beating Vancouver, Montreal and the national average

Anyone interested?
12/09/2017

Anyone interested?

Two-storey, three-bedroom home in Seaton Village, with a detached garage — it can be useful for hiding from the world’s press — is on the market for $1.395 million.

An interesting development in the real estate industry that might be of interest to the future homebuyers.
12/08/2017

An interesting development in the real estate industry that might be of interest to the future homebuyers.

Some websites already have selling prices posted for Toronto homes after a legal ruling saying the Toronto Real Estate Board has no right to keep sold prices secret. But real estate agencies are being cautious.

Toront = Phase Three, Hypersupply
12/01/2017

Toront = Phase Three, Hypersupply

Vancouver and Toronto's real estate markets aren't special. Here's the lesson we taught the country's top economists this week.

Come January 2018, new tougher mortgage rules will come into effect. We'll see how this will affect the market as a whol...
11/14/2017

Come January 2018, new tougher mortgage rules will come into effect. We'll see how this will affect the market as a whole.

Dave Larock in Interest Rate Update, Mortgages and Finances As of January 1, 2018, everyone who borrows from a federally regulated mortgage lender must qualify using the Mortgage Qualifying Rate (MQR), except for renewing borrowers (who aren’t subject to this...

A surprisingly resilient market, it is!
10/24/2017

A surprisingly resilient market, it is!

The uncertainty sparked by the introduction of Ontario's fair housing plan is starting to wane as formerly hesitant would-be buyers regain confidence that Toronto's real estate market is stabilizing again, analysts and agents said Sunday.

Kid-friendly condo communities: now that could be a solution to elusive homeownership in the City for young families.
10/21/2017

Kid-friendly condo communities: now that could be a solution to elusive homeownership in the City for young families.

Thirty per cent of households with children in Toronto live in mid- or highrise buildings. Downtown, it’s 66 per cent.

There is no better time than now. I hear that those super cheap mortgage rates will be gone soon and a new, tougher mort...
10/11/2017

There is no better time than now. I hear that those super cheap mortgage rates will be gone soon and a new, tougher mortgage qualifying rules are on the horizon.

Those who had mulled over selling listed in a hurry. Toronto buyers, hoping for greener pastures to come, sidelined their home searches.

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