fbpx

Buying

Royal LePage Real Estate Market Forecast

Royal LePage Market Forecast

National Home Prices to Show Remarkable Resilience in 2020 Best case scenario forecast shows Canada’s aggregate home price could grow a modest 1% by the end of 2020 If the pandemic continues to heavily restrict business activity through late summer, a national home price decrease of 3% is expected by the end of 2020 The aggregate price of a home in Canada climbed 4.4 per cent...

Real Estate Market - Royal LePage 2020 Market Survey Forecast

Real Estate Market

Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s MLS® System in July 2020 – a 29.5 per cent increase over July 2019 and a new record for the month of July. On a preliminary seasonally adjusted basis, sales were up by 49.5 per cent compared to June 2020. Year-over-year sales growth was driven by low-rise home types, particularly in the regions surrounding the City of Toronto....

Renting Home Vs Owning A Home; Tenant; Landlord; Toronto Home; Net Gain

Renting Vs Owning A Home

Renting Average rent in GTA suburb for 3 bedroom home is $2400/month plus utilities $300 per month. And additional tenant insurance $50 per month. Renting a home costs $2750 per month and $33000 per year. Owning On the other hand, if you buy a townhome in GTA suburb of purchase price of $600000 with 10% down payment. Your monthly mortgage will be $2500 plus $300 utilities, insurance $100 and...

Non-Resident Speculation Tax

Non-Resident Speculation Tax

UPDATE: The Ministry of Finance has developed some administrative flexibility regarding the Non‑Resident Speculation Tax rebates and the requirement to occupy a home as a principal residence within 60 days of its purchase. This administrative flexibility will be applied only to purchases that occurred between January 17, 2020 and July 24, 2020, the date the Government of Ontario's state of emergency...

Federal First Time Home Buyer Incentive Program

The enhanced housing affordability measures introduced in the federal budget in March are not expected to have a significant effect on home prices. The increase in the registered retirement savings plan withdrawal limit to $35,000 from $25,000 has been in effect since it was announced. The First-Time Home Buyer Incentive – a three-year, $1.25 billion shared equity mortgage program whereby the Canadian...

Real Estate Buyers Guide

Either you are planning to buy your first home or upsizing or buying for investment, journey to buying home requires a lot of time and efforts, moreover, it comes with big financial responsibilities. It takes sacrifice, discipline and determination. These measures will may assist to make the home buying process manageable, simplify process and help to achieve your ambition.  It may provide clarity ahead...

Investing in Real Estate

There are success and failure stories in real estate investment industry. It is important that you ask professional realtor or investor before you make your investment decisions. Here is few tips, which may help to shed some light. One hand you can laverage mortgage with calculated risk, however, real estate investment is long term goal. Investors will not liquidate funds, in case you need fund quickly....

Compare listings

Compare