Real estate market news Mar 17th 2017
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‘Marginal’ home buyers setting market value in Toronto
It’s exceedingly difficult to be the victor in a bidding war when upwards of 20 other parties show up at the table
[:en]Read the full article[:fr]Lire l'article[:]Toronto parents helping their kids enter the real estate market | HiBusiness
As the price of real estate continues to rise, parents are left with no other option than to help their kids enter the housing market. First-time buyers find it extremely difficult to save up for home down payments as home prices increase beyond their reach. Real estate agents are becoming more familiar with parents helping their kids pay for their new homes. According to Elan Weintraub, a director and mortgage agent with the brokerage Mortgage Outlet, the average price for detached homes in the Greater Toronto Area rose to $1,068,670 while condos were sold for $442,598 in January. These figures
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