Home prices: Why, for most Canadians, there's no need to worry

If you have just one minute and fifty seconds free, just click HERE to watch a video from the Globe & Mail about the Current Real Estate Market in Canada. Particularly pay attention to the last few seconds when they talk about Toronto & GTA. You'll love to hear that you (and I) are living in a Healthy Market.

If you take into consideration the price of renting, you'll realize that buying is much better deal. For example: a one bedroom condo with NO parking that until more or less one year ago you could rent for $1300/$1350 p/month, today you won't get it for less than $1500/$1550.  

If instead of renting it you'd buy the same condo of the example, the monthly payment including Mortgage, Property Taxes and Condo Fees would be about $1700. As you can see, with only $150/$200 more, you could be the OWNER, not the Tenant. And if you are an investor... I think that you don't need further explanation.

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Jorge Branca

Jorge Branca

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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