Outlined in this brief article are 14 tips that will help you execute the successful purchase of a property in Toronto regardless of whether the housing market is strong or weak.

Owner builder construction loans have become harder to find as the mortgage industry has all but done away with these highly specialized products. The owner builder programs that remain strong are using the industry titan, Fannie Mae, for rates and pricing. How does this affect you? Your loan will have higher financing fees (discount points) wrapped into it if your credit score is not strong.

The dismal condition of the housing sector does not seem to have any hope of reviving in the near future There is almost a six percent drop in the new housing projects

There is a decrease of the average vacancies rate in rental market As a result, the rental price is going high

The property market in North Cyprus is flourishing alongside the reunification talks that are currently underway between North Cyprus’ Mehmet Ali Talat and the Greek Cypriot Demetris Christofias North Cyprus property has been steadily increasing since the Annan plan of 2004