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Condos a Popular Option as Average Toronto Detached Prices Hit $1.2M April 6, 2016 First-time homebuyers looking to enter the Toronto market are increasingly scooping up condos, even as competition drives the average price of a detached home up to $1.2 million. Residential property prices in Toronto have shot up 12 per cent over last March, according to first-quarter numbers from the Toronto Real Estate Board. Those numbers were […] Read More
As Detached Home Prices Soar, First-Time Buyers Turn to Condos March 9, 2016 "In Toronto, the average first-time buyer would need to save for 76 months, or more than six years to afford the down payment on a low-rise property. The costs of a detached house now consumes more than 70 per cent of median household income in the city. Even as buyers in Toronto and Vancouver have […] Read More
How to Get the Most Out of Your Pre-Construction Condo Purchase October 23, 2015 Whether you’re an investor or an end-user, buying a condominium during the pre-construction stage can have several advantages. For one thing, if you’re prepared to wait the average two or three years for the building to be finished, you will own the newest building on the block. That brings the peace of mind knowing that […] Read More
Toronto Condos the Only Option for First-Time Home Buyers October 18, 2015 "Condos are the only affordable option for average first-time homebuyers in Canada’s largest city, according to data from two real estate authorities released Monday. The Re/Max Hallmark Ltd. Homebuyer Survey found those planning to buy their first home in the Greater Toronto Area over the next 18 months expect to spend $455,000 on average, with […] Read More
Who Inspects New Condo Construction? March 24, 2015 Howard Bogach is president and CEO of Tarion Warranty Corp., a private corporation established in 1976 to protect the rights of new home buyers and to regulate new home builders. His following article was published in the Toronto Sun. "For the past few years, I've watched a condo tower being built from the ground up right outside my […] Read More
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