Toronto Loft Conversions

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Not just lofts, we can also help you find that perfect house. From the latest architectural marvel to a piece of our Victorian past, the best and most creative spaces abound.

Condos in Toronto

I started off selling mainly condos, helping first time buyers get a foothold in the Toronto real estate market. Now working with investors and helping empty nesters find that perfect luxury suite.

Toronto Real Estate

For all of your Toronto real estate needs, contact Laurin. I am dedicated to helping you find that perfect and unique new home to call your own.


Household debt-to-income ratio declines


A key mea­sure of house­hold debt in Canada declined slightly in the fourth quar­ter of 2011 from a record high in the third, Sta­tis­tics Canada said on Thurs­day, revers­ing a trend that has alarmed pol­icy mak­ers in Ottawa.

House­hold credit mar­ket debt, which includes mort­gages, con­sumer credit and loans, fell to 150.6% of income from 151.9% in the third quarter.

Cana­di­ans con­tin­ued to increase their debt load in the period to $1.60-trillion from $1.58-trillion in the pre­vi­ous quar­ter, but their per­sonal dis­pos­able income grew at a faster pace, Statscan said.

Many con­sumers have taken advan­tage of extra­or­di­nar­ily low inter­est rates to take out mort­gages at a time of high hous­ing prices, mak­ing them vul­ner­a­ble to bank­ruptcy in the case of a sud­den down­turn in the real estate mar­ket or rate increases.

Finance Min­is­ter Jim Fla­herty and Bank of Canada Gov­er­nor Mark Car­ney have both warned repeat­edly against increas­ing debt lev­els, and many ana­lysts believe the gov­ern­ment will soon inter­vene to tighten mort­gage rules.

National net worth increased in the fourth quar­ter by 0.8% to $6.6-trillion due to higher non-financial assets and house­hold net worth per capita increased to $182,100 from $180,600.

Con­tact Lau­rin Jef­frey for more infor­ma­tion – 416−388−1960

Lau­rin Jef­frey is a Toronto Real­tor with Cen­tury 21 Regal Realty. He did not
write these arti­cles, he just repro­duces them here for peo­ple who are
inter­ested in Toronto real estate. He does not work for any builders.


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