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It Now Takes 32 Years for an Average Person to Buy a Home in Toronto

Saturday Sep 28th, 2019

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toronto homes getting expensive

Most of us already know that saving for a down payment on a Toronto house is out of reach, but the amount of time it would actually take to do so may shock you.  According to a new Zoocasa report, it would take a median-income household 32 years to save for a down payment on an average Toronto home.  That's right, 32 years — better start saving! The report, titled "Where Could a Median-Income Household Afford Real... [read more]

New Home Buyer Fees in Toronto are Three Times Higher Than in New York

Saturday Sep 28th, 2019

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new home fees in toronto on rise

Buying a new home in the Toronto area? Not only will it cost you nearly $800,000, on average, you'll pay more in government-imposed fees than anywhere else in North America! The GTA-based Building Industry and Land Development Association (BILD) recently commissioned data researchers from the Altus Group to take a look at how much people can expect to pay in government charges and fees on new homes across both Canada and the United... [read more]

Rent Prices Expected to Soar in Toronto Over the next few years

Saturday Sep 28th, 2019

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toronto rental real estate

Hold on to your rent-controlled place for dear life, my friend, because Toronto's affordable housing crisis is far from being over. In fact, economists say that unless all levels of government take immediate action to spur new investment in rental housing, the situation is going to get much, much worse — as in worse than the already absurd $2,300 per month for an average one bedroom condo we're looking at now.  A new... [read more]

Are Landlords Ripping Off Toronto Tenants?

Saturday Aug 3rd, 2019

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There’s a perception out there that Toronto Landlords are raking in money at the expense of tenants. No doubt, we have an affordable rental problem in Toronto..but are greedy Landlords the problem? We help over 100 TorontoTenants find a home each year, so we’re not naive to the challenges of renting in Toronto. But we help a lot of Landlords, so we’re well versed in the challenges of being a Landlord too. Today, we’re looking at Toronto’s rental... [read more]

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