Tag: realtor
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Up to $50K in Savings: New GST Rebate for First-Time Canadian Home Buyers (2025)
If you’re a first-time home buyer in Canada, you may be eligible for a major new rebate that could save you up to $50,000 on your new home. On May 27, 2025, the federal government introduced the First-Time Home Buyers’ GST Rebate (FTHB GST Rebate)—a game-changing measure designed to make homeownership more affordable and accessible…
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GTA Condo Prices Expected to Drop Another 10% in 2025, Says TD Economics
Condo prices in the Greater Toronto Area (GTA) are poised for another year of decline, according to a new report from TD Economics. The report, authored by economist Rishi Sondhi, forecasts that resale condo prices in the GTA will fall by an additional 10% in 2025, marking a continued correction from their peak in Q3…
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Canadian Housing Affordability: Which Cities Are Still Under $500K in 2025?
With rising interest rates and home prices creeping up in certain markets, many Canadians are asking:“Is it still possible to buy a home under $500,000 in 2025?” The answer is yes. While prices in Vancouver and Toronto continue to push past the million-dollar mark, other cities across the country still offer affordable homeownership options—especially for…
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The Average Toronto Household Now Spend 71% of Their Income on Housing – Up from 50% a Decade Ago
Toronto’s housing market has reached a critical point, with the average household now allocating approximately 71% of its pre-tax income to cover housing costs, including mortgage payments, property taxes, and utilities. This marks a significant increase from a decade ago, when households spent around 50% of their income on housing . The Escalating Cost of…
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How Much Income You Need to Buy a Home in Canada in 2025
Thinking about buying a home in Canada? You’ll need to make more than you might think. With higher interest rates and new stress test rules, the income needed to qualify for a mortgage in Canada has shifted dramatically. Recent updates from Nesto.ca break down exactly what you need to know, from how much you need…
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New Data Shows Ontario’s First-Time Homebuyers Are Now 40 Years Old
If you’re thinking it’s taking longer to break into the Ontario housing market, you’re not alone- and the stats back it up. The median age of first-time homebuyers in Ontario has jumped from 36 to 40 over the past decade, according to a recent Teranet report, a clear sign of how affordability struggles are reshaping…
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Should You Buy or Wait? Real Estate Predictions for Spring 2025 in Canada
🏠 Spring 2025 Housing Market in Canada: Buy Now or Wait? As we step into the spring real estate season, Canadians are facing a tough question:Should you buy now or wait? 🤔 With a potential Bank of Canada rate cut, mixed price trends, and buyer hesitation, Spring 2025 is shaping up to be one of…
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The New First-Time Buyer Incentives in Canada in 2025 (And What They Really Mean)
🚨 Big News for First-Time Home Buyers in 2025 Buying your first home in Canada just got a little easier. In 2025, the federal and some provincial governments are rolling out new and improved incentives to help first-time buyers overcome today’s biggest challenges: saving for a down payment, affording monthly mortgage payments, and competing in…
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Top 5 Canadian Cities Where Home Prices Are Still Climbing in 2025
Despite economic uncertainty, rate cut speculation, and a shaky job market, home prices are still on the rise in select Canadian cities. If you’re wondering where the real estate market remains red-hot in 2025, we’ve got the answer. These cities are defying the national cooling trend and showing strong price appreciation, making them top spots…
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The Best (and Worst) Places to Buy a Home in Canada Right Now
Navigating Canada’s housing market in Spring 2025 comes down to location, affordability, and long-term value. While home prices are stabilizing in many provinces, some cities are emerging as unexpected gems for buyers and investors-while others remain out of reach. Here’s where your money goes further, and where to think twice. Best Places to Buy a…
Canada Housing Market 