$362,654 in cash up front and an annual income of $213,149. That’s how much you would need to buy a detached house in Toronto. We wanted to do some analysis and find out what it would take to qualify for a mortgage to purchase a detached house in Toronto, so we did just that. We… Continue reading You Need to Have $362,654 in the Bank to Afford a Detached House in Toronto (and an Income of $213,149) – Analysis
The Canadian Housing Market is going through turbulent times as of late, with a 57% drop in sales activity for April. April also saw a year-on-year decline in the average price of houses sold. Things have changed considerably since the Canadian Real Estate Association (CREA) made their forecasts in December last year, which estimated that the Residential… Continue reading The Canadian Housing Market: More Questions than Answers?