Average selling price of a detached home remains above $1 million
The Toronto Real Estate Board (TREB) released its monthly resale housing market figures for April 2018, announcing a drop in sales, average selling price, and listings.
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
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
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.
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
Average price for a home in the GTA increases by 9.2%
The Toronto Real Estate Board (TREB) released its September 2015 housing market figures for the Greater Toronto Area (GTA), announcing a record number of sales for the month.There were 8,200 transactions reported through the MLS® System in September
The average new home price in the GTA drops to $937,689
The Building Industry and Land Development Association (BILD) released its new home sales figures for October 2016, announcing that the average price of new low-rise homes in the Greater Toronto Area (GTA) dropped (month-to-month). According to Altus
How Much Money Did the Average Canadian Household Save in 2013?
Recently, Bank of Montreal (BMO) released its second annual BMO Household Savings Report. Based on the polling of 1,002 Canadians conducted by Pollara, BMO highlights the average savings of Canadian households in 2013, how much we plan to save in 2014,
National average sale price rises 4.1%, excluding Toronto and Vancouver
The Canadian Real Estate Association (CREA) released its national home sales figures for July 2015, announcing that sales declined last month, but remained strong on average.“National sales activity remains solid, fuelled by strength in British Columbia
