Average price of a resale condo unit in the Greater Toronto Area jumps nearly 6%
The Greater Toronto Area’s resale condo market is going strong according to the latest quarterly findings from the Toronto Real Estate Board, but there are some areas where average prices are falling.
Average First-Time Buyers’ Budgets Increase to $316,100
The Bank of Montreal (BMO) released its First-Time Home Buyers Report, announcing that the average first-time buyer has increased their average budget to $316,100 (compared to $300,000 in 2013).While the average budget has jumped over $16,000, the
Top 5 tips for gardeners with limited space
The concept of ‘the average lot size’ is changing. In the near future, ‘average size’ could mean a few square feet located way off the ground, rather than an expansive suburban lot. As gardeners, our response to this may be negative. We are left with
Only those within the top 10% of earners can afford a Toronto house: study
Even as housing prices have cooled throughout the GTA since the 2016 market peak, the average house still fetched $873,100 as of March, while the typical condo unit costs over half a million dollars, at an average of $522,300.
Ontario home prices need to drop more than $300,000 to be affordable for millennials
A new study by Generation Squeeze in Vancouver found average home prices in Canada need to drop by nearly 50% for a typical 25-34 year-old (let’s call them millennials) to afford an 80% mortgage on an average priced home. Or, their earnings need to double
April Home Sales Tops 50,000 for the Third Time Ever
The Canadian Real Estate Association (CREA) released its monthly national sales report for April 2015, announcing that the national average price for homes sold during the month was $448,862.This average sale price is 9.5% higher compared to the same
National average home price heavily skewed by Toronto and Vancouver
The Canadian Real Estate Association (CREA) released its national home sales statistics, announcing that home sales edged up in September 2017. When the CREA says sales increased in September, they mean from August 2017; sales went up by 2.1%. On a
Without Toronto and Vancouver, the average home price in Canada is below $400,000
Though it seemed like the housing market was heating up last spring, on a national level, activity was a bit less exciting, according to the latest monthly report from the Candian Real Estate Association.
Average Price for New Low-Rise Hits Record High
The Building Industry and Land Development Association (BILD) recently announced that as of September 30, 2014, new home sales in the Greater Toronto Area (GTA) are performing better than average!According to BILD’s official source for new market
Rising average home prices redefine “luxury”
We watch with increasing incredulity as average home prices in Toronto creep past $1 million, marvelling that a nondescript (or even decrepit) one-time starter home can cost more than a Bugatti. Where once a million dollar price tag had connotations of
