The average detached homes price topped $1 million in Toronto last month, as affordability is fueled by record low mortgage rates. What does this mean for buyers trying to break into the market? Continue reading »
Tag Archives: single family home
The Challenges of Buying a House in Toronto
Rounding up our Regional Real Estate series, we take a look at Toronto’s housing market. For most first time home buyers, a downtown condo poses as a good starter option – but you’ll be hard pressed to find a single family home within the 416. The Big Smoke also poses significant challenges for those looking to buy for the first time – when you factor in high unemployment and level of debt, buying is often ruled out altogether. A predicted price drop, however, could change everything. Continue reading »