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A question came across my desk last week about a woman that was in a serious situation and she wasn’t sure how to handle it. This woman lets call her Ms. X was in the process of moving from a rental property to a home that she was buying. Before they even meet with a lender, one step home buyers can take to begin understanding what they can afford as a monthly mortgage payment is to plug their info into an online home affordability calculator This will calculate the maximum amount you can afford as a monthly payment.
But just as online retail has hurt the bricks-and-mortar retail industry, and tech-enabled social networks have changed not just high-school reunions but the political process, data-fied real estate could upend our lives in many ways, some we can’t even comprehend yet.
Mike: Well the first step to find a place is you, …
As each year passes on the calendar condos are becoming a larger share of the total Toronto real estate market. One of the benefits of condominium living is the amenities and common areas that are provided. After you have purchased your own condo, you may want to look for other condos for sale in the area, purchase them, and rent them out. With the costs associated with home ownership continuing to climb upwards year after year condominiums can help to play a role in bridging the gap for people who would like to invest in Toronto real estate but cannot afford to buy a home.