By: Zoocasa It now costs almost $1.5 million to buy a detached house in Toronto — and over $2.1 million if you exclude Etobicoke and Scarborough – according to the February data from the Toronto Regional Real Estate Board’s (TRREB). Prices for single-family houses for sale in Toronto grew 14.4% this February from the same time period in […]
By: Zoocasa The road to becoming an official homeowner is often a stressful one, especially as the weeks leading up to closing day require many moving parts. Upon closing day, before the property ownership and title gets transferred from the seller to the buyer, a few payments are required. These costs include the down payment, mortgage […]
By: Zoocasa The Home Buyer’s Plan, or HBP, was implemented by the federal government in 1992 to help first-time buyers purchase their first residence by allowing them to borrow up to $35,000 from their RRSP savings. But how effective is the HBP, really? Does it actually help buyers get a foothold in the market? What are […]
By: Zoocasa The Greater Toronto Area housing market kicked off 2020 with highly competitive conditions as the supply and demand gap continues to grow. As the market recovers from the OSFI mortgage stress test, more buyers are making their way back into the market which looks to be “driving very strong year-over-year sales growth in the […]
By: Zoocasa Canadian home sales ended 2019 on a strong note, jumping 22.7% in December from the same month in 2018, according to the latest report from the Canadian Real Estate Association (CREA). While this means the market is well on the road to long-term recovery, it did experience some seasonal slippage, with sales down 0.9% […]
By: Zoocasa The real estate market in the Greater Toronto Area closed off 2019 on a positive note. Market sales for the year grew by 12.6% in the GTA with the year-to-date total number of home sales at 87,825 for 2019 following 78,015 sales in 2018. The latest report from the Toronto Real Estate Board also […]
By: Zoocasa Mississauga is no longer a sleepy bedroom community near Toronto. It’s now a full-fledged city in its own right, with abundant jobs, a high population of over 730,000 residents and almost 8,500 property transactions every year. It has become a boom town home to the headquarters of over 60 Fortune 500 companies and […]
By: Zoocasa The cost of renting has been rising in Toronto. There has been steady growth in average rents due to demand from tenants and landlords, resulting in extremely low vacancy rates of 1.1% for all rentals in the city, and a meagre 0.7% for condo apartment rentals in particular. Data from the Toronto Real Estate […]
By: Zoocasa It would take at least 20 years for more than half of households to afford to buy a single-family home in Halton region, according to a recently released report by Zoocasa. The Halton Region, which is located in the Greater Golden Horseshoe area of southern Ontario, contains some of the most-sought suburbs in the 905-area […]
By: Zoocasa It was a slightly quieter October for Toronto-area home sales, as the seasonally typical market chill took hold amid darker evenings and dropping temperatures. However, while the pace of year-over-year growth may have been smaller than the previous month’s, it still marks a significant improvement in activity from 2018. With 8,491 transactions, sales were […]