Across the City of Toronto, the average condo apartment purchase price from Q2 2020 was $661,458, which is equal to 22 years worth of rent at an average monthly price of $2,501.
Massimo Marotta's blog
Policy-makers are finally righting a glaring wrong in the mortgage market.
Effective April 6, Canadians applying for default-insured mortgages will no longer be subject to an improperly devised “stress test.”
This change will affect anyone getting an insured mortgage, including those putting down less than 20 per cent on a new purchase – for which default insurance is generally mandatory. It’ll also move the goalposts closer for borrowers trying to qualify for a mortgage with 20 per cent equity or more.
We think of pets as family, so when looking for a new place to call home, it’s obvious that we’d seek out the best amenities and features for them too.
An assignment is essentially a sale of a contract or right to acquire property. An assignment is a transaction whereby the original purchaser (the "Assignor") of a property sells, and thereby transfers, their interest and obligations under the original contract to a new purchaser (the "Assignee"). The Assignee will generally assume all of the Assignor's duties and obligations under the original Agreement of Purchase and Sale.
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When it comes to buying your first home, you may have an ally in the government. A range of programs — some old, some new — aim to put home ownership within reach for average Canadians. Here are six options that might help you get into the market:
Whether your style is formal or family friendly, use these design tips and decorating ideas and make the most out of your space.
1. Opt for a round dining table to allow for better traffic flow and ease of conversation.
2. Anchor your dining table in an open-concept space with a sculptural light fixture.
While the Toronto Transit Commission’s subway lines aren’t the same spaghetti-like maze of London’s underground or New York City’s MTA, they play a vital role in moving us to and from the downtown core. For any prospective downtown Toronto dweller, proximity to a TTC subway station is a hot-ticket item.
If you’re one of the thousands of daily TTC subway riders, these future new construction condo projects might provide you with the transportation accessibility you’re hoping for.
For homebuyers with big budgets looking to buy one of Toronto’s more exclusive new condo suites, we compiled some of the most expensive condo buildings on the market now based on price per square foot.
If you have your eye on a new high-end condo in Forest Hill, Yorkville or the financial district, look no further. And, if you’re not quite ready to drop a couple million dollars on your next home and are here more for the luxe renderings — we’ve got you covered too.
Buying your forever home isn’t just about the chef’s kitchen or an ensuite bathroom oasis — being close to schools is one of the top priorities for many house hunting families.