Sales soared across all property types in the Greater Toronto Area, (GTA), with 95,000 home sales in 2020, making this is the third-best year on record for home sales in the GTA. The average selling price was $932,222.
Getting a new mortgage to replace your current one is called refinancing. People refinance their mortgage to take advantage of lower interest rates, cash out a portion of their equity, or to reduce their monthly payment with a longer payment term.
Real Estate is a long-term investment, so before you get started make sure that you understand what your goals are. Toronto Real Estate investments come in all shapes and sizes and there are a lot of things to consider before you begin the process. In this article we outline a few of the different property options to consider as an investor.
Purchasing a home is an intimidating task, and we understand that. To make it easier, we have broken down the buying and closing process on a resale property for you.
Buying a pre-construction condo is a different process than purchasing a re-sale unit in Toronto. With a pre-construction condo, there are many phases that take place before the condo is ready for its residents. One of these phases is interim occupancy. Interim occupancy is a temporary phase in the pre-construction buying process that comes just before final closing.
Low rent prices in Toronto continue to see a downward trend while average home prices hit an all-time high.
Smart budgeting is imperative when you are looking to buy your first home. Planning ahead of time ensures that financial bumps will not detour your home ownership plans.
While pre-construction investors often have an option of selling via an assignment, there are a number of reasons why you should choose to rent instead.