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Commuters sit in rush hour traffic on the Don Valley Parkway in Toronto. Commuting times got longer from 2011 to 2016. (Canadian Press)
Aggravating the situation, nearly 80% of all credit reports have errors. Consumers are responsible for finding any mistakes and disputing them with credit reporting agencies.
Aug 2018 in GTA’s Real Estate Market:
August has been another good month in GTA’s Real Estate. Avg Price of a home in GTA has gone by +5% or +$36K over Aug 2017 (LY). Avg Price of a Home in GTA is $773K.
Detached Homes Appreciation by Area / Municipality (GTA):
When we peel the onion layers, we find certain areas are performing very well TY vs LY and certain others are dragging their feet. And, different areas have been picking up pace or slowing down over the last 20 years.
Here are some key highlights:
GTA’s Detached Homes Performance:
Despite deteriorating housing affordability across the country, buying a home is still the more affordable option when compared to renting.
1. Making an offer on a home without being prequalified. Prequalification will make your life easier
– so take the time to speak with a lender. Their specific questions in regard to income, debt, etc.,