Category: Uncategorized
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Happy Father’s Day | Watch Today’s Real Estate Updates & Tips
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Here’s how much it really costs to own home in Toronto
Buying a home in Toronto is costly, with average prices above $1 million. Besides mortgage rates, other monthly expenses like property tax, insurance, utilities, and an emergency fund impact homeownership costs. Maintaining an emergency fund and comprehensive insurance is crucial due to climate-related risks. Shopping around for the best mortgage rate and insurance policy can…
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Check out my listing Listing Address: 40 POMANDER ROAD
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Toronto: Biggest Jump in Required Homebuyer’s Income | Watch Today’s Real Estate Updates & Tips
The annual income required to secure and carry a mortgage has climbed another $3,400 MoM. Required income: – Mid-Q1: $214,100 – Late-Q1: $217,500
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Toronto developers are getting desperate as no one is buying condos anymore
Condo sales in Toronto have plummeted, leading to a surplus of homes on the market. Sellers, including developers, are struggling to attract buyers, with some projects being deferred or going into receivership. To entice buyers, companies are offering incentives like covering mortgage payments, reducing down payments, and providing rental guarantees. Despite a housing crisis, prices…
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Check out my listing Listing Address: 22 RATCLIFF ROAD
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Watch Today’s Real Estate Updates & Tips | The Average Toronto Home Will Cost $2M by 2034
Toronto homes to hit an avg of $2M by 2034, with ↑ 5.6% yearly. MLS Home Price Index shows ↑ 0.3% in Late-Q1 2024, with an avg selling price of $1,121,615.
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Watch Today’s Real Estate Updates & Tips | GTA Housing Prices Expected to Jump 10% by Year’s End
A report predicts GTA housing prices will rise 10% by the end of 2024, due to strong demand and low supply. The increase is attributed to factors like warm weather, reduced interest rate expectations, and high immigration.
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Check out my listing Listing Address: 507 – 30 ROEHAMPTON AVENUE W
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Here’s how much you need to earn to buy a home in Toronto right now
Mortgage rates in Canada are decreasing, but affordability for homebuyers is worsening in most cities, including Toronto. A recent analysis shows it's harder to qualify for a mortgage due to rising home prices. Despite a slight drop in interest rates, home values are increasing, leading to decreased affordability in many cities. Continue to full article