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.
There is a ton of work involved with becoming a landlord as it requires time, money, and patience. In this article, we break down the different types of rental investments, how to calculate the return on investment (ROI), and a checklist of things to consider during the process.
Toronto is known for being the most multicultural city in the world and when it comes to food, the culturally diverse cuisine options are endless. These are a few of our favourites:
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.
Buying or selling a home will be one of the biggest transactions of your life. With such an important transaction, there are many factors that need to be considered such as negotiations, price guidance, emotional help, etc., and this can be a long, complex and stressful process if you do not have the right guidance.
The First-Time Home Buyer Incentive is geared towards middle-class first-time home buyers. It is designed to help you buy a home and lower your monthly mortgage payments. It is a shared-equity mortgage with the government, meaning that the government shares in the upside and downside of the property value.
CMHC, Canada’s largest mortgage insurance company has announced a tighter mortgage borrowing criteria to begin on July 1, 2020.
It is no secret that Toronto is one of the most expensive cities in Canada to purchase a home in. Whether you are looking to buy or rent a property, you should also take the time to think about how utility costs come into play when you are crunching the numbers.
There are many reasons why assignment condo sales are a good opportunity for everyone involved. This article analyzes why buying a re-sale investment condo is less advantageous in the current market, what an assignment condo sale is and why it’s a great time to be looking into assignment properties in your area.