In toronto real estate, the reality of today’s housing market is that young people may need to kiss the dream of owning a single family detached home goodbye. It is extremely difficult. If you live outside the metro areas of Toronto and Vancouver, you’re probably tired of all the whining — this doesn’t even apply […]
Toronto Real Estate Posts
End 5 per cent Down Payment Idea Will Hurt Millennials To Buy Home
Some of Canada’s top bankers are so worried the housing market has grown out of control that they are urging the government to make it harder for them to lend out mortgages. In toronto real estate, critics say the bankers’ proposal to end five-per-cent minimum down payments on insured mortgages wouldn’t cool off the heated […]
Toronto existing homeowners may suffer ‘buyer gridlock’ and may not afford to move up
In toronto real estate, skyrocketing housing prices are now preventing even existing homeowners from being able to move-up into a new home. While much has been made of the plight of first-time homebuyers who have to contend with lack of affordability in both markets, TD Economics notes that higher prices are now locking out those […]
68 Balmoral Ave., Toronto – Summerhill area house sold attracting 3 pre-emptive offers
68 Balmoral Ave., Toronto ASKING PRICE $1,050,000 SELLING PRICE $1,225,000 PREVIOUS SELLING PRICE $465,000 (2001) TAXES $6,130 (2016) DAYS ON THE MARKET 3 The Action: This two-storey row house sits on the south side of St. Michael’s Cemetery on a 15-by-107-foot lot. The prime Summerhill location prompted three pre-emptive offers earlier this year […]
218 Queens Quay W., Toronto – large condo with Harbourfront location sold
218 Queens Quay W., No. 1602, Toronto ASKING PRICE $685,000 SELLING PRICE $730,000 TAXES $3,609 (2015) DAYS ON THE MARKET Three The Action: Last year, the Waterclub community had three 2-bedroom suites for sale simultaneously, so this upper-level version didn’t fare well for months sharing the spotlight. To give it a second […]