2022 Toronto real estate predictions: Inflation There is little question that inflation will play a part in further complicating the housing market in the Greater Toronto Area. It will be more difficult for some purchasers to enter the market because of inflation and the corresponding higher mortgage rates, and we will probably see some difficulties…
Finance
Richmond Hill Condos: The potential impacts of the new subway line to the condo market in Richmond Hill of 2022
In this article, let’s review the extension of the subway line potentially influencing in York region and Richmond hill. What does this mean for the condo market in Richmond Hill? Background of Richmond Hill We know that there is a new extension of the subway line that has been proposed for a long time…
Why the Church Yonge Corridor is full of affordable and very good quality offerings? Downtown Toronto Condos
Downtown Toronto condos— Church Yonge Corridor 1300 / $743,000 Another important area is the Church Yonge Corridor, the community near the Bay Street Corridor, in terms of median sales price in 2021. The median sales price was $743,000, based on a high number of transactions (1,300 transactions), more than in the Bay Street Corridor. As…
When the condo market started to recover, what happens with C1 Waterfront. Downtown Toronto Condos
Downtown Toronto condos — C1 Waterfront 3126/ $788,000 We are now heading to the C1 Waterfront. This is without a doubt the area with the highest volume of condominiums in downtown Toronto. Here we had in 2021, obviously from January 1 to December 25. We had 3,126 transactions for the entire year. The average sale…
The Sales and Prices of 10 Specific Neighborhoods of The Downtown Toronto Condos of 2021
In this article, we will go through 10 specific neighborhoods of the downtown Toronto condo market and look at condo prices in the year 2021. Downtown Toronto condos 1/10—Bay street corridor 986 / $855,000 Let’s start with the Bay Street corridor, as in 2021, there were 986 sales in the Bay Street corridor with…
Pay off Your Downtown Toronto Mortgage early or invest? Pros and Cons
If we logically break this question(Pay off Your Downtown Toronto Mortgage early or invest?) down into pros and cons, let’s see if we weigh more on one side of this argument or the other. So the first is to reduce the total amount of interest you pay over the life of the mortgage. Remember, in…
Pay off Your Downtown Toronto Condos early or invest? The upfront payment monthly vs The investment
Let’s talk about the upfront payment monthly versus the investment. Let’s take the same example: $200,000 downtown Toronto condo at 2.5% over 30 years. Let’s assume that this couple eventually works overtime, starts selling products, or manages to generate $2,000 more each month to pay off the mortgage early, or that they invest that $2,000…
Pay off Your Downtown Toronto Condos early or invest? Interest rates perspective
Today, we’re going to talk about the emotional aspect of this decision, the mathematical aspect of this decision, and some of the advantages and disadvantages. The answer to this question is simple, it’s all about math. If you can earn from an investment an after-tax adjusted return that is higher than the interest rate on…
What would you do if you had money?Pay off mortgage early or invest? Downtown Toronto Condos
Hello to all! We have a real estate expert here from condotrend.com, to teach you how to manage your money and build your wealth. In this article, we’ll talk about the eternal question of whether you should pay off your downtown Toronto condos early or invest the difference. The idea of having decades of debt…
Is now a good time to buy a house in Ontario? Housing market trends for the coming year
Is now a good time to buy a house in Ontario? The impact of COVID As more and more people have been working from home due to COVID-19, there has been a definite trend of people moving towards Toronto’s periphery, but we have not seen an influx of people buying homes in remote areas, where…
