Toronto’s hot housing market hasn’t torched the home ownership dreams of first-time buyers. About two-thirds of millennials in the Toronto area expect to own their own home, according to a survey by Pollara for Bank of Montreal being released Wednesday. That’s despite a higher average purchase price of $465,000 in Toronto, compared to the […]
toronto condo buyer
Closing costs should be included in condo prices, lawyer says
There are calls for more protection for condominium buyers after a group of new Scarborough homeowners said they were surprised by tens of thousands of dollars in closing costs. Condo buyers caught off guard by sky-high closing costs Earlier this week, about 40 residents of 1328 Birchmount Road got together to compare the letters […]
Buyer Representation Agreement (BRA) Is A Legal Contract
Question – I am not getting along with my real estate salesperson and don’t think they’re going to lead me to a home I want and I would like to get out of my contract. Can I do that? Answer: It is unfortunate you are not getting along with your sales representative. Because […]
Rent or Buy – Global’s real estate calculator will help you decide
To rent or buy? That is a question Canadians across the country face as they weigh the pros and cons of making the leap into home ownership. Conventional wisdom says to buy property. We’re not making any more land, and with the Bank of Canada keeping interest rates low and mortgage rates falling it might seem like […]
