AgentReva

Planning on moving to Mississauga? Here’s an interesting article about how much downpayment you’ll need to buy a house there.

Here's How Much a Down Payment Costs in Mississauga Right Now It can be hard to afford a home in Mississauga, especially for new homebuyers. And if you’re a millennial like me, it’s likely that buying a home is out of the question in the near future.

"TREB expects the average selling price for the year in Toronto and the Greater Toronto Area will increase to $820,000 _ close to the peak reached in 2017 _ and up from an average of $787,195 in 2018.

Much of that price growth will be led by the hot condominium market as homebuyers look for more affordable housing options, while the board anticipates the price growth for detached properties to be below the average growth rate for the total market."

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Toronto real estate board calls on Ottawa to revisit mortgage stress test Canada’s largest real estate board is calling on Ottawa to revisit whether a stricter mortgage stress test introduced last year is still needed, arguing that the policy has negatively impacted the economy and Toronto’s once red-hot housing market. “While we saw buyers return to the market in t...