With interest rates and home prices high, affordability was top of mind for our Zoocasa readers in July. From data-driven insights on mortgage rates to the best places to buy this summer, check out the top stories from July:
The Most Affordable Ontario Cities to Buy Real Estate in July 2023
Home prices in Ontario have seen declines from the peaks during the pandemic, however, most major cities still have average home prices far above the national average. Zoocasa compared the average home prices in May 2023 in cities across Ontario and found the 5 most affordable cities to buy in this summer. Continue reading >>
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Analyzing the Impact: Can House Prices Decline if Canada’s Population is Growing at Record Rates?
After reaching the historic 40 million mark this year, Canada’s population is expected to continue surging as the government aims to bring in over 465,000 new immigrants each year. But how will this rapid growth affect home prices? Continue reading >>
10 Family-Friendly Neighborhoods in Canada: The Perfect Places to Raise Your Kids
When it comes to raising a family, choosing the right neighborhood is crucial. To help you find the perfect place to raise your family, here are ten exceptional neighborhoods across the country that excel in terms of cost of living, safety, schools, family activities and more. Continue reading >>
3 Tips to Maximize Affordability When Renewing Your Mortgage in 2023
Amidst the Bank of Canada’s battle with inflation, one of the worst affected parties of consistent rate hikes are prospective and current homeowners. If you are set to renew your mortgage this year, there are a few methods you can apply which may help you save a little in the long run. Continue reading >>
Renting vs. Buying: Decoding Affordability in the GTA Right Now
While growth has slowed in the GTA rental market in recent months, homeownership affordability has tightened. We analyzed data to learn which cities across the GTA would be more affordable to purchase a home in or whether renting is the more affordable option currently. Continue reading >>
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