What kind of house can be bought by Yorkwoods Condos
What kind of house can be bought by Yorkwoods Condos.400,000 Canadian dollars? If you live near Toronto, you may think it is impossible to buy a house with your budget. However, there are many cities in the province that offer cheaper housing.Please Visit: Yorkwoods Condos to Get Your VVIP Registration Today!
If you want to buy a house in Ontario with a budget of 400000, depending on which city you are looking for, you can buy from an ordinary house to a shoebox apartment.
According to Narcity, all six cities in Ontario have 400000 Canadian dollars in housing, but the houses you can buy with this money are very different.
He said that many postwar baby boomers (aged 56 to 75) are still working, and many want to own properties that require less maintenance so as to free up more money for retirement or travel.
The report points out that one quarter of the post-war baby boomers surveyed across the country said they had helped their children buy their own homes. In Toronto, 26% of the respondents said that they were still living with their children, and the average price of the property they lived in was about 1.1 million yuan. 29% said they would consider helping their children buy their own homes.
Thirty-four per cent of postwar baby boomers in Toronto said they would consider postponing retirement to help their children pay the down payment, while 27 per cent of national respondents thought so.
The survey report points out that among wealthy postwar baby boomers, property accounts for a large proportion of their wealth; 40% said that property accounts for 1 / 5 of their net assets, and Toronto is the highest in the country, accounting for 54%.
75% of postwar baby boomers own their own properties, and 64% have no mortgage burden.