{"id":8631,"date":"2016-12-07T14:59:42","date_gmt":"2016-12-07T19:59:42","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=8631"},"modified":"2018-01-30T16:17:46","modified_gmt":"2018-01-30T21:17:46","slug":"infographic-townhouses-the-new-real-estate-reality-in-toronto","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/infographic-townhouses-the-new-real-estate-reality-in-toronto\/","title":{"rendered":"INFOGRAPHIC: Townhouses &#8211; The New Real Estate Reality in Toronto"},"content":{"rendered":"<p>Looking to buy a home within the City of Toronto? You\u2019d better have a million dollars on hand, as detached house prices have skyrocketed 69.9% the past five years, according to data from <a href=\"http:\/\/www.zoocasa.com\">Zoocasa.com<\/a>. Even studious down payment savers may find themselves priced out, as bidding wars and lack of supply push real estate price faster than income growth.<\/p>\n<p>Consider this: With the median Torontonian income of $76,219* and assuming a buyer qualifies for a five-year variable\u00a0mortgage rate of 2.00% and 30-year amortization, their affordability taps out at $636,900 \u2013 literally hundreds of thousands dollars short of achieving the detached dream.<\/p>\n<h2>Townhouses Still an Affordable Toronto Option<\/h2>\n<p>What options do aspiring homebuyers have? While some are choosing to \u201cdrive until they qualify\u201d, and seek affordable housing beyond city lines, those intent on Toronto homeownership must find other housing options. <a href=\"https:\/\/www.zoocasa.com\/toronto-on-townhouses\">Townhouses<\/a>, which offer more privacy, autonomy and space than most condos, are quickly becoming a go-to for this buyer segment. And, according to Zoocasa, there are plenty of affordable townhouse options available for city dwellers.<\/p>\n<p><strong>Related Read: <a href=\"https:\/\/www.zoocasa.com\/blog\/freehold-vs-condo-townhouse-which-is-right-for-you\/\">Freehold Vs. Condo Townhouse &#8211; Which is Right For You?<\/a><\/strong><\/p>\n<p>&#8220;While it&#8217;s no secret that buyers who wish to live within the City of Toronto face steep affordability hurdles, our data finds there are still housing options that are in line with income and wage growth. Townhouses are still within reach financially for many Torontonians, despite enjoying steady value appreciation over the past five years,&#8221; says Lauren Haw, Broker of Record and CEO of Zoocasa.<\/p>\n<p>&#8220;When it comes to your home buying affordability, location can make or break your budget. We&#8217;ve highlighted the most affordable areas in Toronto for townhouses to demonstrate that even in this ever-upwards market there are options for families.&#8221;<\/p>\n<p><strong>Check out our infographic to see how townhouse real estate has performed compared to the detached house market \u2013 and the neighbourhoods where you\u2019ll get the most bang for your buck.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><img \/><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-8721 size-full\" src=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2016\/12\/Townhouses-Infographic-revised-01.jpg\" alt=\"Are townhouses Toronto's only affordable option?\" width=\"1515\" height=\"4734\" data-id=\"8721\" srcset=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2016\/12\/Townhouses-Infographic-revised-01.jpg 600w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2016\/12\/Townhouses-Infographic-revised-01-96x300.jpg 96w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2016\/12\/Townhouses-Infographic-revised-01-768x2400.jpg 768w, https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2016\/12\/Townhouses-Infographic-revised-01-328x1024.jpg 328w\" sizes=\"auto, (max-width: 1515px) 100vw, 1515px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looking to buy a home within the City of Toronto? You\u2019d better have a million dollars on hand, as detached house prices have skyrocketed 69.9% the past five years, according to data from Zoocasa.com. Even studious down payment savers may find themselves priced out, as bidding wars and lack of supply push real estate price [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":8633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[1107,33],"tags":[],"class_list":["post-8631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>INFOGRAPHIC: Townhouses - The New Real Estate Reality | Zoocasa<\/title>\n<meta name=\"description\" content=\"With detached house prices pushing the $1 million mark, townhouses are becoming the go-to for buyers who wish to stay in the city, finds Zoocasa data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zoocasa.com\/blog\/infographic-townhouses-the-new-real-estate-reality-in-toronto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INFOGRAPHIC: Townhouses - The New Real Estate Reality | Zoocasa\" \/>\n<meta property=\"og:description\" content=\"With detached house prices pushing the $1 million mark, townhouses are becoming the go-to for buyers who wish to stay in the city, finds Zoocasa data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zoocasa.com\/blog\/infographic-townhouses-the-new-real-estate-reality-in-toronto\/\" \/>\n<meta property=\"og:site_name\" content=\"Zoocasa Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Zoocasa\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/zoocasa\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-07T19:59:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-01-30T21:17:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zoocasa.com\/blog\/wp-content\/uploads\/2016\/12\/Townhouse.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"519\" \/>\n\t<meta property=\"og:image:height\" content=\"333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zoocasa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/zoocasa\" \/>\n<meta name=\"twitter:site\" content=\"@Zoocasa\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zoocasa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/infographic-townhouses-the-new-real-estate-reality-in-toronto\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.zoocasa.com\/blog\/infographic-townhouses-the-new-real-estate-reality-in-toronto\/\"},\"author\":{\"name\":\"Zoocasa\",\"@id\":\"https:\/\/www.zoocasa.com\/blog\/#\/schema\/person\/797314ca6279e6b154442b2f393e41b2\"},\"headline\":\"INFOGRAPHIC: Townhouses &#8211; 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