Why is housing in Montreal so affordable?
With home prices continuing to climb steadily upwards - especially in Toronto and Vancouver - CBC this week said that it’s a different story in Montreal. Canada’s second largest city continues to offer housing purchase potential that is on average priced
Mark Cullen: Gardening in Small Spaces
By Mark CullenLess than one quarter of new residences currently being built in the GTA are ‘single family detached’. Almost two thirds of new homes are condos.The concept of ‘the average lot size’ could be several hundred square feet located way off the
New releases won’t be enough to cool the hot low-rise market
According to Trimart Research Corporation, the demand for new low-rise homes in the Total Market Area (TMA) continues to be strong - perhaps too strong. Last week, the Building Industry and Land Development Association (BILD) announced that the average
Two New Model Homes at Corsica Estates!
Very exciting news - two new model homes at CountryWide Homes’ Corsica Estates at King have opened!Corsica Estates is one of CountryWide’s most luxurious communities, and since most of their communities are more luxurious than average, these models are a
Genworth Canada: Good Debt vs. Bad Debt
Raise your hand if you’re in debt. Don’t worry, it’s not just you. According to Statistics Canada, the average Canadian household owes about $115,000.If you’re losing sleep, make sure you know the difference between good debt and bad debt before you
Will Toronto remain unfazed by the new mortgage rules?
The new stress-testing mortgage rules mean Canadians need higher incomes to purchase homes. According to a video produced by Huffington Post, your household income needs to be approximately $144,946 to afford an average priced home in the GTA ($755,755),
A shocking number of Canadians worry that they’ll never be debt free
Nearly all Canadians believe the average household is in too much debt, and it looks like everyone is right. The results of the Manulife Bank Debt Survey shows that 40% of indebted Canadians do not expect to escape their debt in their lifetimes.
Spring and summer will be a good time to list your home!
Resale prices were down in February, according to the latest from the Toronto Real Estate Board (TREB). Although the GTA prices fell 12.4% in February year-over-year, average prices were still above 2016’s prices and higher than in January.
What’s the Impact of Your Commute?
By Penny MunozIf you’re one of Toronto’s average commuters, Statistics Canada data reveals that you’re spending approximately 32 minutes in the car, every day. That’s seven minutes over the national standard! For those who use the Gardiner or the DVP on
The average price of a detached home in the GTA has barely changed since a year ago
October 2019 proved to be a strong month for the Greater Toronto Area’s resale market, with home sales and prices still climbing, while new listings continued to drop.
